AVP / VP NMTC Asset Manager

Our client is a leading private equity firm focused on impact investments with $1B of AUM across 90 investments. The firm manages funds that provide equity to projects that benefit low‑ and moderate‑income communities throughout the United States. The AVP, NMTC Asset Manager (AVP) will support the company’s impact investing fund and its New Markets Tax Credits (NMTC) clients. The mission of the fund is to invest in projects that benefit both the client/borrower’s low‑income employees and the local community. Since the mid‑2000s, the fund has received New Markets Tax Credits (NMTC) totaling $752M from the U.S. Department of Treasury. Working remotely in this client‑facing role, the AVP will oversee a portfolio of debt investments, including originations of new investing/lending opportunities, due diligence, underwriting, site visits, structuring, negotiating the investment terms, closing the transaction, loan servicing, compliance, investor reporting, asset management, continuing compliance with the executed operating and fund agreements, continuing compliance with loan documents, and adherence to various regulatory requirements. These requirements are fulfilled through financial and compliance monitoring, reporting, and direct interaction with the borrower for each individual investment. Responsibilities • Manage a portfolio of investments, including reviewing construction draw requests, assessing financial performance of borrowers, conducting annual outreach calls/site visits, and corresponding regularly with borrowers displaying signs of weakness and increased risk. • Collect and review financial statements from borrowers and partners. • Prepare, collect, analyze, and report information relating to the performance of each deal to investors and the CDFI Fund. • Participate in the assessment of policies and procedures to continually improve process efficiencies. • Review and assist in the underwriting of proposed investments. • Review all program compliance with New Markets Tax Credit Program ensuring qualifying program parameters are met, reasonable expectations and legal alignment. • Assist with deal closings: attend weekly conference calls, track closing Smartsheet, ensure proper onboarding, and collaborate internally to resolve issues proactively. Qualifications • Bachelor’s degree in finance, accounting, business, economics or another related field. • 3‑5+ years of accounting, asset management, underwriting or financial analysis experience in LIHTC or general real estate. • Experience in New Market Tax Credits (NMTC) and CDFI funds preferred. • Experience in private equity fund reporting and fund compliance. • Experience in gathering and assessing company financial statements. • Ability to work under tight deadlines, manage proprieties and complete assigned tasks with minimal management follow‑up. • Keen analytical skills and attention to detail with strong financial skills and knowledge is essential. • Experience in collaborating across teams while working independently remotely is required. • Desire to be part of a mission driven, impact investing fund. Employment Details Seniority level: Mid‑Senior level Employment type: Full‑time Job function: Project Management, Finance, and Accounting/Auditing Industries: Real Estate, Investment Management, and Financial Services United States $120,000.00‑$140,000.00 3 weeks ago Apply tot his job