Synchrony
Overview
You will be part of a team within Synchrony that builds and maintains customer relationships related to community credit needs and community development activity to meet the Bank’s CRA (Community Reinvestment Act) statutory requirements. This is a production role focused on sourcing community development loans and investments to advance Synchrony’s CRA obligations. You will structure deals and lead the underwriting process with key Synchrony stakeholders, present deals for approval at committee, and coordinate with the CRA portfolio management team to ensure all obligations are met.
Way of Working
We’re proud to offer you choice and flexibility. You may work from home, near one of our hubs, or come into an office. Occasionally you may be required to commute to a nearest office for in-person engagement activities such as business or team meetings, training and culture events.
Essential Responsibilities
Bring deals to Synchrony that are responsible, meaningful, and meet CRA goals which satisfy statutory bank requirements. You are the primary contact for the relationship and facilitate concise communications between Synchrony customers and internal stakeholders.
Lead the underwriting process with key Synchrony stakeholders and create deal presentation materials (IRD).
Relate And Inspire
Cultivate strong relationships of trust with team members, stakeholders, and outside community leaders, counterparties and syndicators, creating an environment where people feel confident, successful, and have a strong sense of belonging.
In coordination with the portfolio management team, conduct periodic relationship reviews and due diligence with customers/clients and stakeholders on-site or virtual.
Ensure that all relationships under your stewardship have current and well-defined summaries (storyboard, CRA allocations, highlights, etc.) as preparation for CRA exams.
Champion Synchrony
Represent Synchrony for CRA purposes in the community. Deepen relationships in the communities we serve. Support Synchrony’s CRA Officer and other CRA team members.
Manage client relationships that may include moderate to complex deals, multiple deals, or high dollar exposure.
Guide and negotiate deal structuring as required to achieve desired outcomes and assist more junior team members. Present deals for approval at committee meetings.
Act with anticipation of customer needs by channeling concise communications between customers and internal stakeholders.
Coordinate deal closing with Legal and the customer/client. Act as Synchrony signatory if assigned.
Represent Synchrony on community-based boards, committees, and trade groups.
Assist with the work activities of other production team members as needed.
Perform other duties and/or special projects as assigned.
Qualifications & Requirements
Bachelor’s Degree with 6+ years relevant professional experience, or in lieu of a degree, 9+ years of relevant experience.
3+ years experience in Community Reinvestment underwriting with responsibilities related to the role, including business development, deal structuring and negotiation with counterparties, etc., with a focus on low-income housing tax credit and small business investment corporation investment funds, and nonprofit community development loans. (Residential mortgage loan underwriting is not a qualification for this role.)
Demonstrated knowledge of advanced business concepts, such as IRR and NPV analysis, financial statement analysis, etc.
Strong communication skills (verbal, written, presentation)
Travel
Must be able to travel as needed. Desired Qualifications Working knowledge of bank laws, rules and regulations, including the Community Reinvestment Act and related regulations. Excellent organization, prioritization and time management skills, and project management skills. Business acumen, sound judgment and problem solving; be prepared to share an example of solving a complex problem. Ability to work with all levels across the business including senior leaders and customers/syndicators. Grade/Level
12 Salary
The salary range is
110,000.00 - 185,000.00
USD Annual and is eligible for an annual bonus based on performance. Actual compensation offered will be based on experience, skill level, or knowledge. Salaries are adjusted according to market in CA, NY Metro and Seattle. Eligibility Requirements You must be 18 years or older You must have a high school diploma or equivalent You must be willing to take a drug test, submit to a background investigation and fingerprints as part of onboarding You must satisfy the requirements of Section 19 of the Federal Deposit Insurance Act New hires must meet service and time-in-position requirements before posting to other roles Legal Notice
Legal authorization to work in the U.S. is required. We will not sponsor employment visas. All qualified applicants will receive consideration without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status. Our Commitment We are committed to an inclusive culture where your skills and experiences are valued. More than 50% of our workforce is engaged in Employee Resource Groups. This starts when you apply for a role at Synchrony. Reasonable Accommodation Notice Federal law requires employers to provide reasonable accommodation to qualified individuals with disabilities. If you require accommodation to apply or perform your job, please contact us at 1-866-301-5627. Representatives are available 8am – 5pm CST, Monday to Friday. Job Family Group
Legal
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Must be able to travel as needed. Desired Qualifications Working knowledge of bank laws, rules and regulations, including the Community Reinvestment Act and related regulations. Excellent organization, prioritization and time management skills, and project management skills. Business acumen, sound judgment and problem solving; be prepared to share an example of solving a complex problem. Ability to work with all levels across the business including senior leaders and customers/syndicators. Grade/Level
12 Salary
The salary range is
110,000.00 - 185,000.00
USD Annual and is eligible for an annual bonus based on performance. Actual compensation offered will be based on experience, skill level, or knowledge. Salaries are adjusted according to market in CA, NY Metro and Seattle. Eligibility Requirements You must be 18 years or older You must have a high school diploma or equivalent You must be willing to take a drug test, submit to a background investigation and fingerprints as part of onboarding You must satisfy the requirements of Section 19 of the Federal Deposit Insurance Act New hires must meet service and time-in-position requirements before posting to other roles Legal Notice
Legal authorization to work in the U.S. is required. We will not sponsor employment visas. All qualified applicants will receive consideration without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status. Our Commitment We are committed to an inclusive culture where your skills and experiences are valued. More than 50% of our workforce is engaged in Employee Resource Groups. This starts when you apply for a role at Synchrony. Reasonable Accommodation Notice Federal law requires employers to provide reasonable accommodation to qualified individuals with disabilities. If you require accommodation to apply or perform your job, please contact us at 1-866-301-5627. Representatives are available 8am – 5pm CST, Monday to Friday. Job Family Group
Legal
#J-18808-Ljbffr