Tax Credit Equity Asset Manager

Job description

Overview: Asset manager function will support various tax credit equity investments (e.g. LIHTC (Low Income Housing Tax Credit, HTC(Historic Tax Credit), NMTC(New Markets Tax Credit), and RETCs(Renewable Energy Tax Credit ). Position will work with Relationship Manager to underwrite and prepare drafts of internal bank investment approval memos to include Letter of Credit & Construction loan approval memos. Will interface with Credit Administration during screening and approval process as applicable. Responsible for portfolio maintenance to include preparation of annual review memos for each investment and assignment of relevant risk ratings for Relationship Manager review. Confirm that all regulatory approvals have been obtained prior to closing and that the type of investment is consistent with what was represented in the regulatory applications. Primary Responsibilities: Origination of New Investments Closing of New Investments (Once Formal Bank Approval Has Been Obtained) - Compile and analyze appropriate due diligence materials (e.g., market studies, cash flow pro formas, investment summaries, economic benefit schedules, sponsor financial statements). - Attend customer calls, m...