Analyst - US NMTC Asset Management (Night Shift)

We are seeking an Analyst to support its National New Markets Fund (NNMF) and its NMTC clients.

The mission of NNMF and our clients is to invest in transformative projects that benefit both the borrowers low-income employees and the local community through positive economic and social impacts. Since 2006, NNMF has received New Markets Tax Credits (NMTC) totaling $752M from the U.S Department of Treasury. We have expanded on these activities to provide Advantage Platform to other NMTC lenders that seek to outsource their back-office needs.

We manage approximately $1 billion of cumulative clients assets. Our NMTC operations include but are not limited to originations, due diligence, underwriting, site visits, structuring, negotiating the investment terms, closing the transaction, loan servicing, compliance, investor reporting, and asset management.

SourceIN is a non-hierarchical organization where success requires team members who are self-starters with natural curiosity and the ability to thrive in a fast-paced entrepreneurial environment.

The position will report directly to the Managing Director of NMTC Investments and be an integral member of the team.

Summary: The position ranges from Associate to Senior Associate Asset Manager, to be determined based on the skills and years of NMTC experience. The successful candidate will oversee a portfolio of debt investments.

Generally, this includes ensuring the financial success of the investment and funds, continuing compliance with the executed operating and fund agreements, continuing compliance with loan documents, and adherence to various regulatory requirements.

These requirements are fulfilled through financial and compliance monitoring, reporting, and direct interaction with the Borrower for each individual investment.

Specifically, the successful candidate will be responsible for:

Investment Closing & Underwriting:

Assist with NNMF and clients deal closings: attend weekly conference calls, track closing Smartsheet, ensure proper onboarding, and collaborate internally to resolve issues proactively Review and assist in the underwriting of proposed investment.

Review all program compliance with New Markets Tax Credit Program ensuring qualifying program parameters are met, reasonable expectations and legal alignment.

Ongoing Monitoring:

Manage a portfolio of investments, including reviewing construction draw requests, assessing financial performance of borrowers, conducting annual outreach calls/site visits, and corresponding regularly with borrowers displaying signs of weakness and increased risk Collection and review of borrower and partner financial statements.

Prepare, collect, analyze, and report of information relating to performance of each deal to investors and the CDFI Fund Participate in the assessment of policies and procedures to continually improve our process efficiencies.

Core Competencies Include:

Excellent communication, organizational and interpersonal skills, as well as the ability to work under tight deadlines, manage priorities, and complete assigned tasks with minimal management follow up BA/BS in finance, economics, business, accounting or related fields

Minimum of 2 years of experience in asset management, underwriting, real estate development, finance, community development, or economic development.

NMTC experience a plus Keen analytical skills and attention to detail with strong financial skills and knowledge is essential Self-starter with ability to problem solve

Strong PC (Word, Excel, Database) skills are required Willingness to learn complex financial transactions