Managing Director, Community Development Investment Group

Job Description

The Managing Director, CDIG will help lead NYGB's community-development real-estate lending program, expanding opportunities for NY Green Bank to support clean energy and building decarbonization projects, including those that serve disadvantaged communities (DACs), help overcome investment barriers and advance the state's environmental-justice goals. Reporting to the Managing Director of the Community Development Investment Group, this position will own the full investment lifecycle -from origination through portfolio management -within a team which will include a combination of VPs, Associates and/or Analysts. The Community Development Investment Group will work in close collaboration with other NY Green Bank teams, including but not limited to: Investment and Portfolio Management, Business Development & Innovation, Risk & Compliance, Legal & Regulatory Affairs, Finance & Operations, and Strategy, Impact & Communications.

The position will be in New York City and may require 10% - 20% travel.

Primary Responsibilities

• End-to-end deal execution - Originate, underwrite, structure, negotiate, close, and monitor real-estate transactions (affordable housing, commercial, community facilities) that catalyze private capital and may include leveraging Low-Income Housing Tax Credits (LIHTC), New Markets Tax Credits (NMTC), Opportunity-Zone credits, Commercial Property-Assessed Clean Energy (C-PACE) financing, and other state and local incentive and subsidy programs.
• Innovative financing - Design and implement financing structures that overcome barriers in DACs and attract private-sector capital.
• Partnership development - Build and maintain co-financing relationships with commercial banks, mission-driven lenders, Community Development Financial Institutions (CDFIs), and public agencies.
• Credit analysis & approvals - Lead preparation of comprehensive credit memoranda and present proposals to NYGB's investment and risk committees.
• Portfolio oversight - Track project performance, enforce covenant compliance, and manage risk mitigation for existing loans.
• Market intelligence - Stay abreast of industry trends, regulatory changes, and best practices in renewable energy, real estate, and community-development finance.
• Stakeholder engagement - Cultivate relationships with sponsors and other stakeholders to source new business aligned with NYGB's mission.
• Team leadership - Mentor and develop a team including VPs, Associates, and/or Analysts; foster a collaborative, high-performance culture, including among other NY Green Bank teams.
• Perform all managerial and supervisory responsibilities with respect, fairness, consistency, and inclusion across the workforce.

Minimum Qualifications

• Bachelor's degree plus ???10 years of experience in commercial real-estate lending, affordable-housing finance, and community-facility lending (underwriting, cash-flow modeling, transaction execution, restructurings) including 5 years experience in a supervisory role.
• Proven record of accomplishment structuring market rate and concessionary real-estate financings, as well as those using LIHTC, NMTC, Opportunity-Zone credits, and C-PACE financing.
• Experience working with CDFIs and managing relationships with borrowers.
• Extensive experience with financial-modeling; ability to oversee rigorous due-diligence and sensitivity analyses.
• Excellent written and oral communication; comfortable presenting complex concepts to credit committees.
• Demonstrated leadership-able to coach senior and junior staff, manage multiple concurrent projects, and drive deals to closing under tight deadlines.
• Self-starter with a "closer" mindset, high work ethic, and adaptability to a fast-moving environment.
• Ability to collaborate across multiple teams to achieve collective goals and targets.

Preferred Qualifications

• Master of Business Administration (MBA) with at least 8 years of experience in commercial real-estate lending, affordable-housing finance, and community-facility lending (underwriting, cash-flow modeling, transaction execution, restructurings) including 5 years experience in a supervisory role.

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