NMTC Industry Jobs:

Assistant Asset Manager

 

Posting Date: February 7, 2008
Closing Date: Until filled

Title: Assistant Asset Manager
Company: National Trust Community Investment Corporation
Location: Washington, D.C.

Work Objectives :
National Trust Community Investment Corporation (“NTCIC”) seeks an Assistant Asset Manager to assist in managing NTCIC’s portfolio of historic tax credit and new markets tax credit equity projects The Analyst will work with the an Asset Manager to prepare NMTC compliance reports to the CDFI Fund.

NTCIC is a national syndicator of federal and state historic tax credits as well as New Markets Tax Credits located in Washington DC.  NTCIC is the wholly owned for-profit subsidiary of the National Trust for Historic Preservation.

Duties:

• NMTC compliance reporting to the CDFI Fund.
  • Report institution and transaction level and other reports to Fund and IRS, as needed.
  • Ensure CDE compliance and recommend replacement/ addition of board members. Update board members on NMTC activity.
  • Coordinate the signing and compliance of the allocation agreement and any suballocation of CDE subsidiary.
    Report QEIs within 60 days of funding.
  • Update NMTC policies and procedures as needed.
• Provide economic and community impact research on potential HTC and NMTC projects.
• Assist with creating the required Community Benefits Agreement and ‘But For’ analysis for all NMTC projects.
• Assist in the submission of NMTC Allocation Application, if needed
• Assist in the maintaining the  project database.
• Monitor pipeline of potential NMTC projects to determine the available allocation for projects
• Asset Management functions including documenting benchmarks for future installments and tracking compliance with operating agreements..
• Handle special projects and perform other significant duties as assigned.

Qualifications:

• 3 - 4 years responsible in a real estate development company, community development corporation, real estate banking group, tax credit syndicator, or other financial or community development institution.
• Bachelor’s degree in real estate, finance, business, accounting or related fields.  Master’s Degree preferred.
• Historic Tax Credit and New Market Tax Credit experience and knowledge, including market analysis, construction and rehabilitation process and compliance with syndication process.
• High proficiency in Adobe Acrobat, Microsoft Word, Outlook, Excel and Access.
• High-level of professionalism, tack, confidentiality, ability to prioritize and respond to the demands of a busy staff.
• Excellent proof-reading and strong writing skills required.
• Proven ability to work collaboratively with other members of a small team in a fast-paced environment.
• Must be a self-starter with strong drive and organizational skills, able to “think and act on one’s feet”.
• Strong oral presentation skills.

To Apply:

Please submit cover letter by email with resume attached to 15236-CS-1321@nthp.hrmdirect.com.