Affordable Housing Construction Lender Vice President

Morgan Stanley is a global financial services leader with three core businesses : Wealth Management, Investment Management and Institutional Securities. The Wealth Management Division comprises one of the world's largest networks of Financial Advisors with offices across the United States. Morgan Stanley acquired ETRADE in 2020 to position itself as the industry leader in Wealth Management across all channels and segments, and significantly increases the scale and breadth of the Wealth Management franchise.

Job Description :

Assist CDF Relationship Managers in complex, affordable and commercial real estate loan activity and the underwriting and funding of loans. Develop and analyze credit information. Prepare credit memorandums working closely with CDF Relationship Managers, Credit Risk, and Loan Operations to close and monitor transactions originated by the CDF Relationship Manager with partnering agent banks. Prepare credit memorandums, quarterly construction update, annual loan review write-ups, furnish information relative to Credit's inquiries, and provide assistance to CDF Relationship Managers and Credit Administration. Monitor construction in process including review of monthly site inspection and draws along with borrower and sponsor financial information, including covenant compliance, extensions, maturities and delinquencies and provide accurate assessments of ongoing guarantor and project financial stability. Manage a RE portfolio of borrowing clients with responsibility for portfolio quality.

Responsibilities :

• Analyze and investigate credit and financial information on prospective and existing loans. Perform analysis of data provided by other financial institutions and internal partners. Provide loan documentation and support activities.
• Prepare credit memorandums, modifications and extensions on new loans and within the portfolio. Provide credit and project analysis, risk assessments, summaries, and recommendations for CDF Relationship Managers on new and existing credits.
• In conjunction with the Relationship Manager and legal, review all loan documentation, entity documents, budgets, participation agreement, etc. prior to closing.
• Review and recommend approval of monthly site inspection and draw including ensuring the budget remains in balance and sufficient interest reserve remains. Elevate any concerns in a timely manner.
• Responsible for the tracking and analysis of financial information of new, renewed, and existing loans. Monitor loan terms for covenant compliance on existing loans. Regularly establish, review, and update new and existing loan files. Assist with the maintenance of all loan monitoring systems.
• Responsible for the management of credit files to ensure receipt of current and accurate financial information, including annual audits, interim financial statements and covenant compliance. Responsible for all continuing file maintenance and the annual loan reviews.
• Responsible for (in conjunction with CDF Relationship Manager) managing portfolio priorities, including reporting issues, maturities, delinquencies and loan performance (including construction progress through absorption and lease-up performance, covenant compliance, and the appropriateness of ongoing risk ratings).
• Responsible for complying with policies, procedures, security requirements and government regulations. Ensure adherence to company and credit policies, auditing procedures and department goals and standards. Ensure compliance with the Bank's credit policies.

Qualifications :

WHAT YOU CAN EXPECT FROM MORGAN STANLEY :

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work.

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Expected base pay rates for the role will be between $110,000 and $190,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership / union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M / F / Disability / Vet).