Business Development Analyst

Location:

This position can be located in Pittsburgh, PA, Cleveland, OH, New York City, NY or St. Louis, MO.

ABOUT THE BUSINESS

KeyBank is committed to growing their National Affordable Housing Platform through their Community Development Lending & Investment group ("CDLI"). CDLI's mission is to help clients and communities thrive. CDLI provides capital solutions for affordable housing and community development projects in urban and rural communities. As one of the nation's premier affordable housing capital providers, CDLI offers one-stop tax credit equity syndications, investment and debt shop capabilities that bring together equity, balance sheet, and permanent loan offerings. Non-profit and for-profit affordable housing owner-operators and developers seeking to build, acquire and preserve affordable housing can leverage CDLI's broad, fully integrated platform, including solutions such as: construction; acquisition; bridge-to-re-syndication and preservation loans; lines of credit; various permanent loan executions including Fannie Mae, Freddie Mac, FHA/HUD and bonds; and equity investments for low-income housing projects, especially Low Income Housing Tax Credit (LIHTC) financing. With a national presence and an experienced team of more than 50 professionals serving clients coast to coast, CDLI delivers deep product and solution expertise to help local affordable housing and economic development projects succeed.

ABOUT THE JOB
This is a great opportunity for a Financial Investment Analyst within the Tax Credit Syndication Business Development group. The Analyst will play an essential role on the Business Development team charged with raising capital from institutional investors for Low Income Housing Tax Credit funds. The Syndications team at Key is in growth mode, having average growth over of annually since 2021. The Analyst will work on multiple investor accounts, led by Business Development VP's and SVP's. working closely on research, presentations, pipelines and growing an understanding of LIHTC transactions, fund investments and debt.

ESSENTIAL JOB FUNCTIONS

* Support the team in conducting preliminary feasibility analysis of prospective investment opportunities, including transaction modeling.
* Conduct research and analysis on transactions, markets, and investors.
* Assist in preparation of 3rd party sponsor reports.
* Preparing investment summaries, offering materials, and collaborate with the manager to organize investor meetings.
* Supporting the team with requests and special projects on an as needed basis.
* Create and manage pipelines for investors.
* Compile marketing and sales materials necessary for syndications.
* Coordinate with fund management, originations, underwriting and asset management teams, as needed.
* Analyze and update investment materials for investor presentations.
* Assist in maintaining relationships with investors through excellent customer service
* Evaluate prospective equity investments, with a special focus on investment guideline adherence
* Coordinate due diligence needs for investors
* Ability to analyze project's financing, development budget, construction schedule, operating expenses, debt service, market comparability and developer capacity
* Utilize and become familiar with pricing and the underwriting projections
* Gain a thorough understanding of LIHTC credits and become proficient in understanding Key Bank's debt and equity offerings
* Develop and maintain extensive knowledge of real estate underwriting and Section 42

REQUIRED QUALIFICATIONS

* 1-2 years of professional experience in real estate underwriting, finance, and analysis preferred

* Advanced proficiency in MS Office, especially Excel.

* Strong analytical skills and proficiency in Excel
* Prior experience with affordable housing loans or investments and knowledge of state and local housing finance programs a plus
* Commitment to affordable housing and community development a plus
* Individual needs to be a highly motivated, self-starter who is dependable and capable of working in a productive independent fashion, as well as part of a team
* Excellent oral and written communication and quantitative skills
* Highly organized and detail oriented
* Ability to effectively manage and administer sensitive and confidential information
* Ability to work independently and prioritize workload
* Bachelor's degree in business administration, Finance, Economics, or Real Estate.
* Advanced proficiency in MS Office, especially Excel.

COMPENSATION AND BENEFITS

This position is eligible to earn a base salary in the range of $75,000 to $100,000 annually depending on location and job-related factors such as level of experience. Compensation for this role also includes eligibility for short-term incentive compensation and deferred incentive compensation subject to individual and company performance.

Please click here for a list of benefits for which this position is eligible.

Key has implemented a role-based Mobile by Design approach to our employee workspaces, dedicating space to those whose roles require specific workspaces, while providing flexible options for roles which are less dependent on assigned workspaces and can be performed effectively in a mobile environment. As a result, this role may be Mobile or Home-based, which means you may work primarily either at a home office or in a Key facility to perform your job duties.

Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing HR_Compliance@keybank.com.

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