New Market Tax Credit Portfolio Coordinator
New Jersey Community Capital
- New Brunswick, NJ
- $56,000-70,000 per year
- Permanent
- Full-time
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.ResponsibilitiesCompliance
- Perform Governing Board and Advisory Board reporting requirements.
- Perform NMTC compliance tests.
- Manage project-level reporting, review information, compile ongoing reporting obligations, and annual
- 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,
- Perform cash management activities, such as invoice preparation, monitoring of incoming payments, and
- Monitor subsidiary community development entity (sub-CDE) activities and support preparation of
- Bachelor's degree required.
- Familiarity with basic accounting principles and proficiency in analyzing financial statements of for-profit
- Basic familiarity with business law concepts including contracts, loan collateral, uniform commercial
- Demonstrated customer service experience.
- Self-motivated team player with excellent multi-tasking skills, excellent follow-up skills and strong