CRA Analyst

GENERAL SUMMARY

Provide overall analytical support for the department ensuring that Community Reinvestment Act (CRA) loans are correctly identified, evaluated, and maintained. Responsible for the completion of reports that monitor and track CRA performance for small business and community development loans. Assist with participating in CRA service activities and other assignments that contribute to the implementation and maintenance of an effective CRA Compliance Program for the Bank.

ESSENTIAL FUNCTIONS

• Review lending data to identify and qualify loans reportable under the CRA (both small business and community development loans).
• Input and prepare data into Ncontracts data collection software for internal review and annual submission with precision.
• Assist in reviewing CRA compliance data that conforms to internal policy and procedures and external regulations.
• Prepare and maintain Community Development Loans Spreadsheet.
• Review the Downpayment Assistance Program (DAP) Grants for Director of Community Development/designee's approval.
• Perform for Director of Community Development/designee's approval the monthly Suspense GL Certification of DAP grants for submission to the Controller's Dept.
• Coordinate participation in Federal Home Loan Bank Board (FHLB) Workforce Initiative Subsidy for Homeownership (WISH) lending program and review documentation to ensure that loans qualify for reimbursement from the FHLB.
• Coordinate participation in FHLB's community programs, such as, the Middle-Income Downpayment Assistance, Access to Housing and Economic Assistance for Development (AHEAD), and the Empowering Black Homeownership matching grant program.
• Monitor reports and assist in the preparation of quarterly reports, self-assessment, and strategic plan.
• Provide Lending Status Reports for Director of Community Development and regional managers.
• Assist with the maintenance of CRA information updates - Intranet, Public File, Bulletin, forms and charts.
• Assist with CRA activity performance tracking in other areas as needed.
• Complete assigned training courses in a timely manner.

QUALIFICATIONS

• Education: Bachelor's Degree preferably in Business, Accounting, or Finance preferred.
• Experience: Minimum one year of banking experience required; prior lending experience strongly preferred. Some working knowledge of accounting or commercial loan underwriting. Knowledge of CRA data collection software and SharePoint preferred but not required.
• Skills & Ability:
  
  • Strong computer skills; proficient with Microsoft Office products.
  • Good organizational and analytical skills.
  • Good verbal and written communication skills.
  • Highly organized, results-oriented with strong attention to detail and good follow-through skills.
  • Highly enthusiastic and self-motivated.
  • Willingness to work overtime occasionally to accomplish and meet deadlines, and to attend CRA activities.
  • Ability to work offsite to perform service hours and attend CRA activities.
  • Ability to work independently and meet deadlines.

OTHER DETAILS

$26.44 - $32.69 / hour
Pay determined based on job-related knowledge, skills, experience, and location.
This position may be eligible for a discretionary bonus.

Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).

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