New Market Tax Credit Portfolio Coordinator - New Brunswick, United States - New Jersey Community Capital

New Jersey Community Capital New Brunswick, United States

3 weeks ago

Description

Job Description

Job Overview
The NMTC Coordinator will be responsible for all activities taking place after a New Markets Tax Credit loan closes, managing a substantial portfolio of loans/projects. The NMTC Portfolio Coordinator will be involved with a project before loan closing, in particular when the Lending team discusses and negotiates topics relevant to post-closing activities. After closing, the project responsibility shifts to the NMTC Portfolio Coordinator.

Location: New Brunswick, New Jersey

Responsibilities

Compliance

• Perform Governing Board and Advisory Board reporting requirements.

• Perform NMTC compliance tests.

• Manage project-level reporting, review information, compile ongoing reporting obligations, and annual
reporting to the CDFI Fund.

Asset Management:

• Review of borrower financial statements.

• Conduct annual project site visits.

• Perform investor reporting activities.

• Serve as liaison for borrowers, lenders, and investors by responding, resolving, and expediting inquiries,
discrepancies, and special requests.

Servicing and Payments:

• Perform cash management activities, such as invoice preparation, monitoring of incoming payments, and
processing of outgoing payments and distributions.

• Monitor subsidiary community development entity (sub-CDE) activities and support preparation of
annual audited financial statements.

Qualifications

• Bachelor's degree required.

• Familiarity with basic accounting principles and proficiency in analyzing financial statements of for-profit
and nonprofit organizations and their real estate operations.

• Basic familiarity with business law concepts including contracts, loan collateral, uniform commercial
code, creditors' rights, and sufficient knowledge to review and negotiate loan documents.

• Demonstrated customer service experience.

• Self-motivated team player with excellent multi-tasking skills, excellent follow-up skills and strong
attention to detail.

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