Vice President, CDF Real Estate Portfolio and Asset Management

Vice President, CDF Real Estate Portfolio and Asset Management

Job Number: 3260812

POSTING DATE: Oct 18, 2024

PRIMARY LOCATION: Americas-United States of America-New York-New York

EDUCATION LEVEL: Bachelor's Degree

JOB: Wealth Management

EMPLOYMENT TYPE: Full Time

JOB LEVEL: Vice President

DESCRIPTION

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries. As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic.

Morgan Stanley's Community Development Finance (CDF) team is dedicated to implementing a first-rate community development program. The department's responsibilities include community development lending, investing and grant making; community relations; regulatory relations; and regulatory compliance. The department's target market is low- to moderate-income (LMI) communities in Utah, New York, Washington DC and other regions nationwide.

Primary Responsibilities

• Provide analytic, operating, and administrative support to transaction officers, with focus on affordable housing construction lending, tax equity and private equity investment products.
• Perform preliminary background analysis of markets and financial analysis of sponsors and guarantors.
• Assist in the pre-closing due diligence and in the review and approval of various project documents.
• Assist with originations and due diligence, financial analysis, and assembling submissions for credit review or presentation to investment committee.
• Ensure all internal and external closing requirements are met and appropriately documented; maintain project files.
• Review capital calls and approve requests to ensure proper disbursements, including analysis of tax benefit schedules, where applicable.
• Review monthly construction loan draws, monitor construction progress and financial performance.
• Assist with loan and investment quarterly and annual reviews.
• Liaise with Credit Risk Management and Operations department.

QUALIFICATIONS

Skills Required

• Strong capacity, based on experience and demonstrated success, in asset management of affordable housing developments at both the property and fund levels.
• Excellent interpersonal skills and ability to work effectively with numerous constituencies.
• Strong interpersonal skills - Freely develops networks, builds consensus, prioritizes effectively, and develops alliances across organizations and numerous constituencies.
• Excellent attention to detail and follow through.
• Strong written and oral communication skills including presentation skills.
• Proficiency in Microsoft Office including Excel and PowerPoint.
• Strong organizational skills and ability to work both independently and as part of a team and manage a variety of projects and tasks.

Experience

• 5-7 years of relevant work experience.
• B.A. or B.S. in Business, Finance, Economics, Accounting or other business-related field is preferred.

Expected base pay rates for the role will be between 110,000 and 185,000 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).