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TD Community Development Corporation- SBIC Senior Asset Manager

TD Community Development Corporation- SBIC Senior Asset Manager

TD BankPhiladelphia, PA, US
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TD Community Development Corporation SBIC Senior Asset Manager

The TD Community Development Corporation ("TDCDC") SBIC Senior Asset Manager optimizes performance of a growing equity investment portfolio in Small Business Investment Companies (SBIC) and economic development funds; identifies risk factors; ensures yields are tracked; and investments meet industry standard practices while conforming to all Bank and regulatory policies. The Asset Manager monitors and manages closed investments in SBICs and economic development funds for compliance with the investment guidelines and requirements of TD Bank, Community Reinvestment Act (CRA), the Volcker Rule, Internal Revenue Service (IRS) and Office of the Comptroller of the Currency (OCC) guidelines. The Asset Manager properly assesses and inputs data to Community Capital Group ("CCG") internal reporting systems and to the database maintained by our external vendor - Burgiss. Other responsibilities include the production of routine reports to monitor performance, impairment and compliance to Bank management.

Depth & Scope :

  • Oversees and manages closed Bank investments in SBICs and economic development funds to ensure compliance with the investment guidelines and requirements
  • Responsible for oversight and management of limited partnership investment information and communicates limited partnership investment information to a third-party service provider
  • Responsible for the oversight and management of the accuracy of service provider information, and serves as point of contact for limited partnership investment related information for internal and external needs
  • Responsible for oversight, and verification of investor capital call, redemption and distribution process, including accurate breakdown of LP distributions
  • Responsible for oversight and management of timely, accurate, informative, professional reporting
  • Responsible for oversight and management of monthly AUM reports
  • Serves as a contact and resource for all internal and external requests for investment-related information
  • Provides administrative support to the SBIC department head and Investment Officers for all SBIC investments
  • Coordinates with other staff to create and maintain asset management files and records
  • Coordinates effective communication among and maintains positive working relationships with Bank departments, Fund Sponsors and Regulators
  • Keeps up to date with the SBIC investment market and regulation.
  • Responsible for oversight, management and maintenance of information systems necessary for efficient analysis and reporting
  • Responsible for verification and testing of records to ensure accuracy and completeness
  • Provide oversight and testing of payment process
  • Represent the Bank at industry trade conferences, volunteer organizations, and limited partner advisory and LP Board meetings
  • Evaluates Fund Sponsor performance on an ongoing basis to ensure standards for investment quality and satisfactory equity returns are within the Bank's tolerance levels
  • Assists in the mentorship and development of junior staff professionals
  • Provides valuation reporting to the CCG Asset Management Team Lead, as requested

Education & Experience :

  • Bachelor's degree or equivalent experience in Accounting, Finance or related business field. CPA or CFA accreditation is considered a plus
  • 7+ years of related investment experience with lower middle market (LMM) mezzanine and LMM buyout funds is a plus
  • Candidates should possess a strong knowledge of LMM mezzanine and LMM private equity markets
  • Knowledge of related federal regulations for Bank investors, including CRA, Internal Revenue Service, OCC, Volcker Rule and other regulations is advantageous
  • Proven ability to analyze financial statements, legal documents, partnership and subscription agreements, and IRR models.
  • Proficiency in MS Windows network environment, to include MS Excel, MS Word, and MS PowerPoint
  • Working knowledge of the key macroeconomic trends within the LMM mezzanine and LMM private equity industry and to a lesser extent the venture capital industry, as well as a willingness to expand knowledge where needed
  • Demonstrated ability in building and sustaining business relationships both internally and externally
  • Excellent communication skills, with demonstrated ability to work successfully with a wide range of people
  • Proven ability to coach and mentor team members

    • Customer Accountabilities :

  • Understands and supports the Bank's Customer Service Strategy
  • Considers the impact of advice and decisions on the well-being of the Bank, as well as its customers, its employees and stakeholders
  • Provides the highest level of Customer service when dealing with internal partners, vendors or our Customers - WOW at every opportunity
  • Leads, coaches and models quality service delivery at every interaction
  • Supports the ongoing improvement of the partner / Customer experience

    • Shareholder Accountabilities :

  • Supports the development and implementation of operational strategies and objectives to achieve measurable excellence in the quality delivery of service and products aligned with Best Run concepts and overall enterprise strategy and objectives
  • Participates in establishing and executing plans and goals for the Business to drive toward results
  • Provides financial reports and analysis including budget variances to management on a regular basis

    • Employee / Team Accountabilities :

  • Sets the appropriate context for the business unit / function to enable optimal performance and alignment to strategy
  • Supports the creation of goals and objectives for the business unit / function. Communicate those goals and objectives to the team
  • Builds capability support / executes plans to acquire, develop and retain the diverse teams with the skills and experience necessary to realize on current and future business strategies
  • Role model behavior is consistent with TD's leadership profile, customer and employee experience agendas and risk and control culture
  • Creates an extraordinary place to work advance and sustain a unique, inclusive culture that reflects TDs diversity agenda, and creates an extraordinary employee experience
  • Leads, coaches and develops a highly effective team by ensuring on-going training and performance and development management
  • Participates in civic activities to promote growth and development of the community and a positive image for TD Bank

    • Physical Requirements :

    Never : 0%; Occasional : 1-33%; Frequent : 34-66%; Continuous : 67-100%

  • Domestic Travel Occasional
  • International Travel Never
  • Performing sedentary work Continuous
  • Performing multiple tasks Continuous
  • Operating standard office equipment - Continuous
  • Responding quickly to sounds Occasional
  • Sitting Continuous
  • Standing Occasional
  • Walking Occasional
  • Moving safely in confined spaces Occasional
  • Lifting / Carrying (under 25 lbs.) Occasional
  • Lifting / Carrying (over 25 lbs.) Never
  • Squatting Occasional
  • Bending Occasional
  • Kneeling Never
  • Crawling Never
  • Climbing Never
  • Reaching overhead Never
  • Reaching forward Occasional
  • Pushing Never
  • Pulling Never
  • Twisting Never
  • Concentrating for long periods of time Continuous
  • Applying common sense to deal with problems involving standardized situations Continuous
  • Reading, writing and comprehending instructions Continuous
  • Adding, subtracting, multiplying and dividing Continuous

    • The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required. The listed or specified responsibilities & duties are considered essential functions for ADA purposes.

    Who We Are : TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches / stores. Every day, we deliver legendary customer experiences to over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose

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