The New Markets Tax Credit (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.
Responsibilities include:
- Perform Governing Board and Advisory Board reporting requirements.
- Perform NMTC compliance tests.
- Manage project-level reporting, review information, and compile for NJCC’s ongoing reporting obligations, as well as annual reporting to the CDFI Fund.
- 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.
- 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.
Please view the full job description and instructions on how to apply here.
Source: Indeed.com
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