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Your opportunity

At Schwab, you’re empowered to make an impact on your career. Here, innovative thought meets creative problem solving, helping us “challenge the status quo” and transform the finance industry together. We believe in the importance of in-office collaboration and fully intend for the selected candidate for this role to work on site in the specified locations.

The Community Development Group of Charles Schwab Bank is seeking a Manager, Lending. This position is responsible for working closely with the Director of Lending to implement the Bank’s Community Reinvestment Act (CRA) eligible loan products and programs by originating, underwriting and closing a variety of community development loans consisting primarily of loans to Community Development Financial Institutions (CDFIs) and other financial intermediaries. The Manager will also assist in maintaining internal and external relationships with community development intermediaries; analyzing and approving changes to existing investments or consents for new underlying investments; and assisting with day-to-day oversight of the investment portfolio. This position is responsible for the credit quality of new CRA-eligible investments closed and for evaluating the credit risk, obtaining credit approvals, and overseeing the closing process for proposed loans. The Manager interacts and effectively communicates with clients, internal community development services team, portfolio managers, risk management partners, and other partners across the Bank and the firm, including business, finance, treasury, and accounting.

Works with Director of Lending to review, analyze, underwrite and manage through the closing process CRA eligible loan opportunities in the Bank’s Assessment Areas, with particular emphasis on loans to CDFIs.

+ Collects borrower due diligence, including financial reports, loan policies & procedures, organizational documents, and other information required to underwrite an organization.

+ Prepares underwriting memorandums, interim reviews, and recommendations for loan committee approvals.

+ Maintains proficient knowledge of rules and regulations, including but not limited to, the Community Reinvestment Act.

+ Works with the Director of Compliance and the Director of Lending to ensure loans qualify under CRA guidelines.

+ Maintains active relationships with business partners, including banks, Community Development Financial Institutions, affordable housing lenders, and community organizations.

+ Adheres to all community development loan and investment policies and procedures to ensure consistency with actual processes.

+ Keeps abreast of market changes and product offerings needed to remain current and competitive.

+ Responds to community development and CRA-related business issues as they arise.

What you have

+ 5 years banking experience in community development finance, real estate finance or corporate finance

+ Strong background in transactional work, preferably both debt and equity, with real estate and/or intermediary experience preferred

+ Strong analytical and deal execution skills with the ability to simultaneously manage multiple client relationships and transactions, including credit/financial/risk analysis, due diligence, underwriting, obtaining internal approvals and coordinating transaction closings

+ Strong attention to detail, excellent analytical and quantitative skills, proficiency in Microsoft Excel and other Microsoft Office products

+ Familiarity with GAAP accounting and financial analysis

+ Experience in working with local and national CDFIs and non-profit organizations o Experience managing relationships with CDFIs and other nonprofit borrowers

+ Excellent oral and written communication skills and project management skills

+ Self-driven team player with ability to complete tasks under a deadline and take on a high level of responsibility, initiative, and accountability with little day-to-day supervision

+ Superior judgment and excellent oral and written communication skills to effectively interact with internal business leaders and Bank senior management and to work across organizational boundaries to build partnerships with other internal departments and with colleagues and clients outside the company

In addition to the salary range, this role is also eligible for bonus or incentive opportunities.

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What’s in it for you

At Schwab, we’re committed to empowering our employees’ personal and professional success. Our purpose-driven, supportive culture, and focus on your development means you’ll get the tools you need to make a positive difference in the finance industry. Our Hybrid Work and Flexibility approach balances our ongoing commitment to workplace flexibility, serving our clients, and our strong belief in the value of being together in person on a regular basis.

We offer a competitive benefits package that takes care of the whole you – both today and in the future:

+ 401(k) with company match and Employee stock purchase plan

+ Paid time for vacation, volunteering, and 28-day sabbatical after every 5 years of service for eligible positions

+ Paid parental leave and family building benefits

+ Tuition reimbursement

+ Health, dental, and vision insurance

What’s in it for you:

At Schwab, we’re committed to empowering our employees’ personal and professional success. Our purpose-driven, supportive culture, and focus on your development means you’ll get the tools you need to make a positive difference in the finance industry. Our Hybrid Work and Flexibility approach balances our ongoing commitment to workplace flexibility, serving our clients, and our strong belief in the value of being together in person on a regular basis.

We offer a competitive benefits package that takes care of the whole you – both today and in the future:

401(k) with company match and Employee stock purchase plan

Paid time for vacation, volunteering, and 28-day sabbatical after every 5 years of service for eligible positions

Paid parental leave and family building benefits

Tuition reimbursement

Health, dental, and vision insurance

Schwab is an affirmative action employer, focused on employing and advancing in employment, qualified women, racial and ethnic minorities, protected veterans, and individuals with disabilities in the workplace. If you have a disability and require reasonable accommodations in the application process, contact Human Resources at [email protected] or call 800-275-1281.