JOB SUMMARY: The Director of CRA Finance & Community Development serves as the Bank's subject matter expert and strategic lead for community development finance and outreach, with responsibility for advancing CRA performance through lending, investment, service, and community partnerships. This role oversees Community Development Officers, leads community development finance initiatives, and represents the Bank externally with nonprofit, government, and community partners. The director works closely with the CRA Officer, Chief Investment Office, Credit, Lending, and business lines to drive measurable CRA outcomes and ensure strong documentation and reporting.
ESSENTIAL DUTIES AND RESPONSIBILITIES
- Serves as the subject matter expert for Community Development Finance, leading strategy and execution across CRA qualified lending, investments, and services.
- Leads the Bank's Community Development Finance initiatives, including affordable housing, CRA lending, and structured investments.
- Manages and develops Community Development Officers, with emphasis on CRA service activities, outreach effectiveness, and documentation of CRA qualified hours.
- Partners closely with the CRA Officer to support CRA performance context, including development, documentation, and tracking of community development lending, investment, and service goals.
- Acts as a key partner to the Chief Investment Office, Credit, and Lending teams to identify, structure, and execute CRA eligible transactions and action plans.
- Leads and oversees the Bank's Community Development Outreach strategy, including nonprofit engagement, volunteer activity alignment, conference participation, and CRA grant lifecycle management.
- Represents the Bank in meetings with nonprofit organizations, community groups, developers, and public sector partners, proactively identifying opportunities to support deposit, lending, and investment relationships.
- Oversees the Bank's CRA grant program, including annual budgeting, application review, approval coordination, funding execution, and ongoing relationship management.
- Leads the affordable housing CRA strategy, including LIHTC equity investments and other community development structures; prospect new opportunities and maintain relationships with developers, syndicators, and financial institutions.
- Manages the LIHTC and EQ2 investment portfolios, including capital calls, investor consents, portfolio monitoring, internal return analysis, forecasting, and coordination with Tax, ALCO, and other internal stakeholders.
- Serves as a resource and advisor to business lines and relationship managers on CRA related prospecting and client engagement.
- Owns and leads preparation of the Bank's annual Social Impact Report, ensuring alignment with CRA performance, community strategy, and stakeholder expectations.
- Prepares and presents quarterly updates to internal stakeholders and committees, including CRA Committee and senior management, summarizing progress, performance, and emerging risks or opportunities.
- Maintains regular communication and reporting cadence with senior leaders, including biweekly and quarterly updates.
- Adheres to and complies with applicable, federal and state laws, regulations and guidance, including those related to anti-money laundering (i.e. Bank Secrecy Act, US PATRIOT Act, etc.).
- Adheres to Bank policies and procedures and completes required training.
- Identifies and reports suspicious activity.
QUALIFICATIONS
Education
- Bachelor's Degree required.
Experience
- 4 - 6 years experience with LIHTC, HUD and affordable housing preferred.
Knowledge, Skills, and Abilities
- Strong understanding of Low Income Housing Tax credits and Affordable Housing.
- Have knowledge and/or interest in New Markets Credits, Solar, Historic.
- Ability to work independently; self-starter, pro-active.
- Strong attention to detail and ability to manage multiple projects.
Additional Information
- Candidates residing in locations within BankUnited's footprint may be given preference.
Skills Required
- Bachelor's Degree
- Experience with LIHTC, HUD and affordable housing
- Strong understanding of Low Income Housing Tax Credits and Affordable Housing
- Knowledge or interest in New Markets Credits, Solar, Historic tax credits
- Ability to work independently; self-starter, proactive
- Strong attention to detail and ability to manage multiple projects
BankUnited Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about BankUnited and has not been reviewed or approved by BankUnited.
-
Healthcare Strength — Healthcare coverage is positioned as comprehensive, with medical, dental, and vision options plus disability and life insurance. Wellness programming is described as robust, including incentives, screenings, and on-site fitness facilities at the corporate center.
-
Retirement Support — Retirement support includes a 401(k) plan with a company match and relatively quick eligibility after one month. Auto-enrollment and auto-increase features are described, which can help employees build savings consistently.
-
Leave & Time Off Breadth — Time-off offerings are described as broad, including a sizable PTO range by level and paid holidays. Additional time-off programs such as volunteer time and flexible/hybrid/remote arrangements are also described for eligible positions.
BankUnited Insights
What We Do
BankUnited, Inc., with total consolidated assets of $35.2 billion at March 31, 2021, is a bank holding company with one wholly owned subsidiary, BankUnited. BankUnited, a national banking association headquartered in Miami Lakes, Florida, provides a full range of banking services to individual and corporate customers through banking centers in Florida and New York. The Bank also provides certain commercial lending and deposit products on a national platform. Here at BankUnited, we endeavor to provide, through experienced lending and relationship banking teams, personalized customer service and offer a full range of traditional banking products and services to both commercial and retail customers.
