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.
Job Posted by ApplicantPro