CRA Analyst

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Are you enthusiastic, highly motivated, and have a strong work ethic? If yes, come join our team! At Cathay Bank - we strive to provide a caring culture that supports your aspirations and success. We believe people are our most valuable asset and we proudly foster growth and development empowering you to achieve your professional goals. We have thrived for 60 years and persevered through many economic cycles due to our team members' drive and optimism. Together we can make a difference in the financial future of our communities.

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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

Skills & Ability :

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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Cathay Bank is an Equal Opportunity and Affirmative Action Employer. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.

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Cathay Bank endeavors to make www.CathayBank.com accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact, Mickey Hsu, FVP, Employee Relations Manager, at (626) 582-7370 or mickey.hsu@cathaybank.com . This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.