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TD Bank Investment Asset Mgr II Maine to Florida in Fairfield, Connecticut


Job Title:

Investment Asset Mgr II Maine to Florida

TD Description:

About TD Bank, America's Most Convenient Bank®

TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S., providing over 9.8 million customers with a full range of retail, small business and commercial banking products and services at more than 1,100 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Auto Finance, a division of TD Bank, N.A., offers vehicle financing and dealer commercial services. TD Bank and its subsidiaries also offer customized private banking and wealth management services through TD Wealth®. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit . Find TD Bank on Facebook at and on Twitter at and .

TD Bank, America's Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol "TD". To learn more, visit .

We offer a competitive salary and benefit program, including: comprehensive, affordable health care through medical, dental, and vision coverage; financial security with life and disability insurance; opportunities to save using health savings and flexible spending accounts; retirement benefits to help prepare for the future; paid time off and work/life benefits to maintain a good balance.

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Department Overview:

The Investment Asset Manager II will be responsible for underwriting, managing, and growing TD Community Development Corporation's (TDCDC) investment and tax credit portfolios. The job will support New Markets Tax Credit (NMTC) investments, Historic Tax Credit (HTC) investments and other qualified investments that align with TD Bank's Community Reinvestment Act (CRA) and Environmental, Social and Governance (ESG) initiatives. Primary responsibilities include: (i) underwriting, structuring, closing, and ongoing management of NMTC, HTC, and other qualified investments; (ii) analyzing TDCDC projects and developing fulsome community and economic development analyses; (iii) working alongside TDCDC Relationship Managers to lead closing process for TDCDC investments, including internal/external coordination with accounting, finance, and tax partners; (iv) overseeing collection of all financial and impact reporting from TDCDC customers and projects; (v) preparing and presenting detailed portfolio management reports, showing credit quality, trends, and key analytics, to TDCDC's Oversight Committee, Board of Directors, and external Advisory Board; (vi) playing a critical role in the research, development and overall submission of TDCDC's annual NMTC Allocation Application; and (vii) prioritizing and completing a multitude of special projects for TDCDC and TD Bank.


United States, US TD Footprint

Job Requirements:

  • Must be eligible for employment under regulatory standards applicable to the position.

Performs tax credit compliance reviews regarding the qualification of units, terms of extended use agreements or other regulatory requirements, minimum set aside tests, rent tests

• Recommends disposition strategies to the TDCDC CRA Investment Oversight Committee; Negotiates the sale, transfer or dissolution of the limited partnership interest with the syndicator, investors, developer and project sponsor to maximize the Bank's return

• Contributes to analyses being prepared by the team leaders relative to the performance and capabilities of current or prospective Fund managers



Job Description:

Ensures Company Investments in new market tax credit and new market credit opportunities and other tax advantaged vehicles are closed and managed in compliance with CRA and IRS investment requirements, according to established Company policies and applicable legal and regulatory guidelines of theOCC and various state and federal agencies

• Develops and maintains productive business relationships with low tax credit syndicators, real estate developers, commercial lenders, non-profit agencies and other referral sources to obtain all required information. Evaluates syndicator performance on an ongoing basis to ensure standards for investment quality and return are maintained

Manages less complex investment portfolio to track investment results, ensure conformity with terms of partnership agreements and adequacy of documentation and identify areas of under-performance or non-compliance

Divests and unwinds investments after required holding periods have expired

Takes appropriate action to correct under-performing investments

Ensures accuracy and maintenance of customer records and files and updates information as needed. Prepares a variety of reports and information summarizing tax credit business for management, community development and tax departments, regulators and others detailing portfolio risk profile, yield and other information

Maintains knowledge of tax credit investment industry practices as well as applicable CRA, IRS and other federal, state and local regulations and guidelines relating to tax credit investments as well as commercial, tax credit and other Company products and services. Shares knowledge with lending, retail, CRA staff and other internal Company personnel so necessary personnel have current information

Construction monitoring including the review of all requisitions, change orders and constructions reserves as well as tracking construction schedules to monitor project delays

Compiles and records essential partnership and property information as required from quarterly status reports and financial statements provided by property management companies, annual financial statements and other reports. Analyzes and comments on the financial performance of an assigned portfolio of properties and investment funds

Prepares additional analyses and commentary on higher risk properties in assigned portfolio, or as requested

Prepares or compiles information for presentation to senior management as required; Carries out database queries as required and complete assigned special projects

Analyzes quarterly and annual financial statements received for properties; Compares actual to budgeted amounts for all income, expense and balance sheet items, including replacement and tax and insurance payments, follow up and comment in the database on significant variances; Compares actual to expected physical and tax credit occupancy figures; Follows-up with general partners and property management agents where financial/operating results fall short of projections; Recommends new operating/marketing strategies where appropriate

Confirm appropriateness of syndicator assigned risk ratings, maintains current watch list and prepares summary of issues for TDCDC Oversight

Committee review; Evaluates each investment's performance relative to an established set of criteria and determine a risk category for each property in the portfolio

Evaluates properties’ adherence to the Bank’s investment yield objectives; Follows-up on expected cash distributions from properties when appropriate

Coordinates scheduling of property inspections; Reviews property inspection reports and complete inspection procedures according to CRA Investment Policy Schedules and performs annual site visit and/or partner reviews; Follows-up with property managers/general partners regarding property performance and scheduled property maintenance


At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live in and serve, and creating an environment where every employee has the opportunity to reach their potential.

If you are a candidate with a disability and need an accommodation to complete the application process, email the TD Bank US Workplace Accommodations Program at . Include your full name, best way to reach you, and the accommodation needed to assist you with the application process.

EOE/Minorities/Females/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity.


Connecticut, District of Columbia, Delaware, Florida, Georgia, Massachusetts, Maryland, Maine, North Carolina, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, South Carolina, Virginia, Vermont, TD Footprint


Atlanta, Baltimore City, Boston, Burlington, Charlotte, Cherry Hill, Concord, Fairfield, Greenville, Miami, Mount Laurel, New York, Philadelphia, Portland, Providence, TD Footprint, Vienna, Washington, Wilmington


Bachelor’s degree in Accounting, Finance, Real Estate or a general degree with comparable experience in investment real estate, accounting or finance

A minimum of three years of experience in multi-family asset, property management, and/or real estate investment analysis

Familiarity with the Tax Credit program and affordable housing is desirable

Proficiency in MS Windows network environment, to include MS Excel, MS Word, and MS Access

Ability to analyze financial statements, legal documents (partnership agreements), and discounted cash flow analyses

Strong knowledge of tax credit investment programs and related state and federal regulations, including CRA, IRS, Low Income Housing Tax Credit (LIHTC), New Market Tax Credit (NMTC) and Historic Tax Credit (HTC) and other regulations

Strong understanding of commercial business development techniques and credit decisions

Knowledge of commercial real estate lending practices

Strong credit and financial analysis skills

Experience building strong business relationships both internally and externally

Successful negotiation experience

Excellent overall communications skills, with ability to work with a wide range of people

Work Location:

4140 Church Road

Business Line:


Job Category - Primary:

Commercial Banking

Job Category(s):

Commercial Banking

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New Jersey

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New York

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South Carolina

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New Hampshire

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Mount Laurel

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New York

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Job Family:

Corporate & Specialty Banking

Time Type:

Full Time

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Rhode Island

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District of Columbia

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North Carolina

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Baltimore City

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Pay Range:

$66,560 - $109,720 annually

Federal law prohibits job discrimination based on race, color, sex, sexual orientation, gender identity, national origin, religion, age, equal pay, disability and genetic information.