Senior Community Development Credit Manager – Affordable Housing Construction, CDFI & SBA Lending

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.

Responsibilities:

• Provide analytics with focus on affordable housing construction lending, tax equity and private equity investment product.

• Assist with originations and due diligence, financial analysis, and assembling submissions for credit review.

• Perform risk assessment and background analysis of markets and financial analysis of sponsors and guarantors.

• Liaise with Credit Risk Management and Operations department.

• Oversee structuring loan fund vehicles targeted at affordable multi-family rental housing preservation and distressed affordable multi-family rental housing rehabilitation in collaboration with community-oriented development, operating, and property management partners.

• Oversee fund compliance with Morgan Stanley’s underwriting guidelines and risk acceptance criteria, including analysis and underwriting of prospective fund transactions.

• Serve as Morgan Stanley representative on fund governance committees with responsibility for monitoring and tracking of loans and investments, including any periodic reporting on construction loan progress, leasing, financial statements required to monitor changes in borrower risk profile, adherence with loan and investment terms, and required filings of IRS and similar reports to public sector agencies.

• Manage and oversee staff managing loan relationships.

Skills:

• 15 years minimum experience in all aspects of affordable multi-family rental housing lending, investment, and monitoring. 

• 15 years minimum experience with SBA 504 lending.

• Experience working with public sector financing sources including Low Income Housing Tax Credits, HUD and FHA, SBA, bonds, state and local programs.

• Direct experience managing relationships with affordable housing developers.

• Strong Microsoft Office skills including Excel and Power Point.

• Detail-oriented with strong analytical skills.

• Comprehensive and logical.

• Team Player with strong communication skills.

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 85 years. At our foundation are five core values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. 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.

We're committed to bringing passion and customer focus to the business.

Expected base pay rates for the role will be between $150,000 and $250,000 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 p