Transaction and Asset Management Director - Portland, United States - Ecotrust

Description

Reports to: Managing Director, Ecotrust Investments

Location: Portland, OR (remote possible in WA, AK, and OR)

Starting Salary: $85,000 to $96,000 → Starting salary placement will be based on qualifications, experience, and internal equity. The starting salary will not exceed this posted range.

Posting Date: May 6, 2024

Application Deadline: May 17, 2024

Anticipated Start Date: June 24, 2024

***Learn more about this position by attending an Information Session on 5/13/24. Scroll to bottom of job posting for details.***

Overview

Who we are

Ecotrust creates and accelerates triple-bottom-line innovations to benefit our region and inspire the world. On the farm, at the coast, in the forest, and across our cities, we work in partnership towards an equitable, prosperous, climate-smart future. Since 1991, we have created durable change and sparked ideas across the globe. Ecotrust holds a deep commitment to equity and diversity as core principles integral to the work we do. As we add new members across all levels of the organization, we seek diverse perspectives and lived experiences that we believe foster learning, creativity, innovation, and equity. Learn more at

Job Summary

The Transactions & Asset Management Director will lead and support Ecotrust CDE's allocation deployment, portfolio management, compliance, impact reporting, and unwinds of Ecotrust CDE's New Markets Tax Credits (NMTC) portfolio, participate in annual NMTC application writing, and support Natural Capital Holdings (NCH) asset management with specific attention to real estate assets and balance sheet alignment with Ecotrust's mission. The Director will directly manage consultants (who provide legal, accounting, operations, and application support), and may manage Ecotrust staff. This position will collaborate closely with Ecotrust's CDE staff, finance & accounting team, program staff (who have subject matter expertise in the CDE's target sectors), and Ecotrust's Measurement & Evaluation (M&E) team. The Director will report to the Managing Director of Ecotrust Investments (who also serves as President of Ecotrust CDE and NCH).

Who you are

The Director brings both real estate asset management and NMTC transaction and portfolio management experience and industry relationships to the Ecotrust team and is committed to economic, environmental, and racial justice. You have 8+ years of work experience, with expertise managing real estate assets and NMTC transactions, portfolios, and projects. You have a keen attention to detail, deep understanding of community development finance. You bring a rigorous analytical approach to your work, and also step back from the spreadsheets and legal documents to enjoy strategic, creative, and critical thinking, especially with teammates. You are self directed and independent, while also open to growing through feedback and thrive in an environment that values direct and empathetic communication. You deeply believe that racial equity, climate justice, and economic empowerment are important and act on these beliefs in your daily life. You are passionate about strategies that build intergenerational wealth across communities resisting economic and racial exclusion.

Primary Responsibilities

(The activities listed below represent the core functions of this position.)

• Lead the NMTC financing deal cycle, from term sheet through closing to exit; coordinate underwriting, approvals, closings, reporting, disbursements, etc. with staff, advisors, and consultants.
• Collaborate with Ecotrust's finance team, Measurement & Evaluations (M&E) team, and NMTC Compliance and Asset Manager to ensure project and program compliance.
• Contribute to an annual NMTC application - primarily providing input on Ecotrust's assets.
• Develop real estate proformas and conduct scenario analysis to support leasing, OPEX and CAPEX decision making.
• Support legal review of leases, loans, and other Asset and Real Estate related documents.
• Collaborate with Ecotrust's property managers to manage building budgets, cashflows, and financial integration with Ecotrust's accounting system.
• Lead on tracking and managing Ecotrust's assets, income, debt service, distributions, and tax matters, with support from Ecotrust Finance Team.
• Create, monitor, and dynamically adapt budgets, including working with the MD to incorporate new project plans, timelines and staffing needs.
• Lead and manage corporate compliance for Ecotrust entities

Responsibilities and tasks outlined in this document are not exhaustive and may change as determined by the needs of the organization or employee.

Key Qualifications and Transferable Skills

Transferable skills may be gained through education, work experience (including the military) or life experience that are relevant for this position. Studies have shown that women and people of color are less likely to apply for positions where they do not meet 100% of the listed skills and qualifications. Even if you do not meet all of the requirements described, if you believe you are a good fit for the position, we encourage you to apply. A candidate will be assessed on their ability to successfully fulfill or quickly learn these functions.

• 8+ years of experience with NMTC projects and community development finance, including direct experience leading underwriting, structuring, and supporting all aspects of complex NMTC projects and their qualified active low income community business (QALICB) sponsors.
• 8+ years of experience managing commercial real estate assets, with expertise in complex real estate financing and ongoing asset management.
• Have a personal and professional commitment to advancing racial equity, with experience centering racial equity when analyzing projects and formulating budgets.
• Be detail oriented and highly organized.
• Have a demonstrated ability to prioritize and complete deliverables on-time, including during fast-paced deal closings.
• Ability to balance day-to-day operations with an overarching strategic perspective that enables the achievement of long-term goals and objectives.
• Have deep technical and NMTC subject matter expertise, including working knowledge of NMTC project mechanics and documents, such as capital flow, structure, projections, legal documents, and reports.
• Ability to clearly communicate complex information to partners, staff, and advisors (both written and verbal).
• Proficiency in Microsoft Word, Excel, and PowerPoint.
• Extensive professional regional and national network of NMTC industry professionals, including investors, other CDEs, and consultants.

Other Useful Qualifications

(The items listed below represent qualifications that are desirable in a candidate, but are not required. Some of these may be gained through professional development and coaching once on board.)

• Real estate refinancing experience
• Tax, Audit, Accounting experience

Additional Information

Full Salary Range for Level: $85,000 to $129,000 Annual Salary (not hiring range)

This is a full-time, exempt position.

Please be aware that applicants must be authorized to work for ANY employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.

We believe great benefits make work better: Ecotrust offers equity-centered benefits that strive to recognize employees as whole people and prioritize their overall wellbeing. Benefits include medical, dental, and vision insurance with employee contributions scaled to income, tax-deferred and Roth retirement plans with employer base contributions, term life insurance, and disability coverage. Ecotrust invests in employees' professional development and personal growth. We also offer plentiful paid time off, retreats, and summer fun days.

At the discretion of Ecotrust, relocation expenses may be reimbursed to the selected candidate.

Working conditions:

Some travel required, including visiting project sites during the diligence process and compliance period for NMTC investments.

• Flexible, hybrid schedule: remote (from home or suitable work space) and in-office in Southeast Portland (open cubicles).
• Long periods of time spent at a computer.
• Engage in regular communication in person as well as through electronic channels such as email, Slack, and Zoom.
• Travel required for the job includes regular visits to the Portland office and throughout the Ecotrust region as needed and at Ecotrust's expense.
• This role may involve lifting up to 20 lbs. Accommodations can be made for individuals who are unable to perform the duties.

Ecotrust is an Equal Opportunity Employer. We believe that a diverse staff of qualified, highly-skilled, and creative individuals is necessary to achieve the vision and mission of the organization. Individuals who identify as Black, Indigenous, Latinx, Asian, Pacific Islander, or other People of Color, people who are queer, trans, non-binary, people with disabilities, people who are immigrants, veterans, people from poor and working class backgrounds, and people who are/have been system-impacted are strongly encouraged to apply.

Click to learn more about equity at Ecotrust.

Accommodation under the Americans with Disabilities Act: We gladly provide reasonable accommodation to anyone whose specific disability prevents them from completing an application or participating in this recruitment process. Please reach out to in advance to request assistance.

How to Apply: Apply via our careers page on JazzHR. Your cover letter should clearly explain how your skills, experience, and interests fit this position.

The Selection Process: In an effort to be as transparent as possible in our selection process as well as to help expedite bringing new staff on board, below is a timeline of key events:

• Review of Resumes: May 20, 2024
• First Round Interviews: May 23-24, 2024
• Second Round Interviews: May 30-31, 2024
• Reference checks: Jun 3, 2024
• Extend offer: Jun 4, 2024

While we will proactively communicate these dates and any changes to you throughout the process, please consider placing tentative holds on your calendars for the initial screening and face-to-face interviews.

Learn more about this position by attending an Information Session: Ecotrust is hosting an informational webinar about this position. You can call in to listen and ask questions.

• Date: May 13, 2024, 2-3 PM PDT
• Click this link to join by computer audio/video:
• Webinar ID:
• Dial this number to join by phone and enter the meeting ID: ,, # US

We will record the session and post the recording to the job posting shortly afterwards.

To mitigate privileged access to information about the position, our policy is that hiring team members may not meet with candidates who are considering applying for that role. Instead, we offer the information session as a way to equalize access to information about the role for all candidates.

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