Full-Time NMTC Portfolio Manager
Job Description
Who we are:
For over 30 years CSH has been a game-changer for the most vulnerable people in our country
- Helping communities create over 335,000 homes for individuals and families who did not have one;
- Bringing hope to thousands who thought they would live on the streets or reside in institutions; and
- Ensuring not only a stable home for each, but access to the services that brought healthcare, recovery and training to their doorsteps.
Not only has CSH proven that supportive housing can change the lives of individuals, families, and communities, it also has created a team of nationally recognized experts who are deeply dedicated to our organization and its goals. We attract talented and diverse individuals, offer competitive salaries and benefits, generous leave and PTO, and fully embrace the philosophy that work-life balance is achievable. With the goal of attracting proven candidates committed to making a difference and who aspire to advance our mission, CSH is now accepting applications for a New Market Tax Credit (NMTC) Portfolio Manager.
Why we need you:
CSH is seeking a creative, results-oriented individual with a passion for CSH’s mission and the work of our Community Investment team. Your expertise is needed to help to manage our growing New Markets Tax Credit (NMTC) portfolio, consisting of projects that provide healthcare and social services to vulnerable people, and include on-site supportive housing or serve and/or connect those in need to supportive housing. As a NMTC Portfolio Manager, you will monitor project performance and operational risk, and will help to ensure compliance with U.S. Department of Treasury’s Community Development Financial Institutions Fund (CDFI Fund) NMTC program requirements.
Where you will work:
This position works remotely temporarily while CSH offices are closed. Strong preference will be given to candidates able to work from the New York, NY office following its re-opening, or the Chicago, IL office.
What you will do:
In collaboration with CSH’s NMTC Asset Manager and Finance Team, you will:
- Review NMTC financial model and loan documents prior to closing to ensure that required reporting, disbursement procedures, and closing conditions are included and meet CSH’s requirements.
- Review and approve monthly construction draw requests and work with CSH’s Finance Department to disburse and transfer funds.
- Collect, monitor and review required compliance reporting from Sponsors/Borrowers to ensure reporting its completed on-time and in accordance with all reporting requirements.
- Collect, enter, and manage annual community impact reporting for each project.
- Assist in preparing the organization’s annual NMTC application to the CDFI Fund and the annual reporting submission in its Award Management Information System (AMIS); establishing new subsidiary CDEs; and finalizing and/or amending allocation agreements with the CDFI Fund as needed.
- Facilitate site visits, review quarterly financial statements for borrowers and guarantors, monitor overall project performance against projections, and complete risk ratings for closed projects through the NMTC compliance term.
- Identify and address compliance and/or operating issues, and in coordination with investors and co-lenders, identify strategies and implement procedures to improve project performance and/or mitigate risks.
- Create and maintain reports and data on closed projects for CSH’s NMTC Advisory Board, Loan Project Review Committee, and Management/Board of Directors; Investors; the CDFI Fund; and/or other stakeholders, as needed.
- Establish and manage sub-CDE general ledgers and bank accounts; prepare financial statements; and work with external auditors and tax accounts to ensure program compliance at closing and throughout the NMTC compliance term.
- Oversee NMTC Loan servicing, including interest, fee and tax payments, and in coordination with Finance Team, process loan payments and distributions.
- Coordinate accounting and financial reporting, including preparation of work papers for annual financial audits and tax filings for auditors, and financial and related reports to investors.
- Help to oversee and manage overall compliance with NMTC program requirements.
- Keep current of CDFI Fund NMTC compliance and reporting requirements, and recommend changes to CSH’s NMTC policies and procedures as needed.
- Cultivate and maintain positive working relationships with project sponsors/borrowers, investors, co-lenders, and other external NMTC partners, including consultants, attorneys, and tax accountants.
- Prepare project summaries, data, and/or other reports/materials related to our NMTC portfolio/projects for CSH staff, partner organizations, and/or general communication, website or marketing purposes.
- Represent CSH at conferences, trainings and events, and present to internal and external audiences.
How we work:
CSH staff are adaptable, entrepreneurial, creative, and flexible problem-solvers. We are strategic thinkers who are committed to racial equality and treating each other—and the communities we serve—with respect. You should share a passion for the CSH mission and possess the leadership and management skills to help shape how we share our ambitious mission. Specifically, we are seeking:
- Bachelor’s degree, but experience may substitute for education.
- Minimum of 5 years’ experience in accounting, finance, asset management, real estate, and/or non-profit lending.
- Prior experience in community development, affordable/supportive housing, government/public funding programs, and compliance reporting is desired, particularly for CDFI Fund programs. Prior NMTC experience is a plus, but is not required.
- Interest in issues related to supportive housing including homelessness, affordable housing development, public finance, public housing, community development/planning, or support service programs that address mental illness or substance use issues.
- An understanding of the concepts of institutional and structural racism and bias and their impact on underserved and underrepresented communities.
- Experience incorporating the perspectives of multiple communities, including communities of color, in the consideration of impacts and outcomes of a decision-making process.
- Success in project management, including helping to develop systems and teams to advance CSH’s goals related to supportive housing and services development and finance-related activities.
- Strong analytical, interpersonal, presentation, and communication skills with an ability to present to racially, ethnically, and socially diverse stakeholders.
How to Apply
Interested in joining our team as a leader in the national supportive housing movement?
To Apply:
Candidates should apply by clicking on the link below. All candidates should attach their Resume, Cover Letter and Salary Expectations as one Microsoft Word or PDF document.
https://csh.csod.com/ats/careersite/jobdetails.aspx?site=1&c=csh&id=135&source=39
CSH is proud that it has been and always will be an Equal Opportunity Employer
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