Development Manager - Community Development Banking/Real Estate Development (Charlotte)

Disability Solutions - Charlotte, NC

Full-time - Mid Level

Charlotte, NC

Administrative and Support Services

About the position

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities, and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being. Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization. Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Responsibilities

• Support the Real Estate Investment and Real Estate Development teams.
• Act as a liaison with various internal business partners.
• Assist in the day-to-day operational support of the business to ensure organizational integrity.
• Review performance and tracking trends within the portfolio.
• Monitor transaction activity and reconciliation of returns.
• Perform quarterly and annual impairment testing.
• Maintain and update revenue forecasting in collaboration with Finance Business Support.
• Coordinate completion of Finance Investment Analysis models with transaction assumptions.
• Perform annual Income / Loss reconciliations.
• Monitor investment capacity and limits.
• Coordinate quarterly portfolio reporting.
• Coordinate closing documentation and transaction funding.
• Prepare materials for internal presentations.
• Assist on special projects, including new investment considerations.

Requirements

• Minimum 5 years' experience working within Commercial Real Estate, Finance, Accounting or related fields.
• Undergraduate degree in related field or equivalent work experience.
• Proven organizational skills and ability to execute tasks and projects independently.
• Excellent communication and presentation skills.
• Proficiency with Microsoft programs including Word, Excel, PowerPoint, SharePoint and Outlook; advanced Excel skills a plus and Tableau reporting knowledge preferred.

Nice-to-haves

• Knowledge of affordable housing finance, LIHTC investment or similar experience.

Benefits

• Competitive benefits to support physical, emotional, and financial well-being.