New Markets Tax Credit Compliance & Bond Guarantee Program Manager

Job Overview

The Manager will be responsible for maintaining compliance with the CDFI Fund New Markets Tax Credit (NMTC) and Bond Guarantee (BGP) programs. To date, NJCC has been awarded $340 million in NMTC allocations and $53 million in BGP financing. NJCC’s current, active NMTC portfolio consists of approximately 25 to 30 projects and approximately 40 loans pledged to BGP.

Responsibilities

• Work with and oversee NMTC Portfolio Compliance Coordinator to maintain compliance with NMTC program requirements and provide compliance and asset management of active NMTC projects.
• Communication with borrower, lenders, and investors.
• Review loan closing documents and reporting requirements.
• Prepare annual compliance reports to the U.S. Treasury Department’s CDFI Fund/AMIS reporting requirements
• Perform Sub-All and Redemption testing.
• Collect and review QALICB certifications and reporting documentation.
• Collect and provide quarterly financial and compliance analysis of project level financial statements.
• Oversee and monitor cash management activities related to specific NMTC transactions.
• Coordinate and assemble BGP collateral packages and loan pledges.
• Ensure NJCC is in compliance with OC tests on a monthly basis and prepare new loan collateral pledges as necessary.
• Responsible for quarterly and annual reporting to the CDFI Fund.
• Responsible for leading and coordinating application(s) with the CDFI Fund for future bond allocations.

Qualifications

• Bachelor’s degree preferably with a concentration in Finance, Economics, Accounting or Mathematics or equivalent professional experience.
• 3-5 years of work experience, preferably with experience in tax credit finance, CDE/CDFI Lending, community development, real estate, or policy.
• Experience working with New Markets Tax Credits, Bond Guarantee Program, Historic Tax Credits, or other tax credit programs.
• High attention to detail and accuracy.
• Excellent written and oral communication skills.
• Proficient in Microsoft Office Suite.
• Excellent organizational, analytical, and time management skills.
• Must possess a high-level of moral judgment for handling confidential information.
• Strong interpersonal and communication (verbal and written) skills.
• Ability to work independently and collaboratively in a fast-paced environment.
• Strong ability to manage multiple projects with competing deadlines.
• Ability to effectively interact and build relationships with management and stakeholders.
• Reporting to the office the whole week is required.
• COVID-19 Vaccine Required: As of the first day of employment, you must be able to demonstrate proof that you are fully vaccinated (as defined by the CDC) against COVID-19, unless you are granted a medical or religious exemption in accordance with company policy.

Travel Requirements

This position requires up to 10% travel to project sites in New Jersey to meet with QALICBs.

Job Posted by ApplicantPro