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NTCIC is recruiting a Director of Asset Management to lead a geographically dispersed team responsible for direct management of the company’s Historic Tax Credit (HTC) and New Markets Tax Credit (NMTC) investments. This role also oversees NTCIC’s private credit investment portfolio, including evaluation of financial and impact performance, risk management, portfolio systems, data collection, and compliance activities.
Job Responsibility:
Lead the Asset Management team and support Asset Management team members with each of their respective portfolios through the life cycle of each investment from closing through construction, delivery of HTCs at placement in service, lease-up, stabilized operations, and exit
Oversee and support the team in the collection and review of NMTC investment documentation needed to ensure compliance with NMTC requirements
Responsible for fully understanding NTCIC’s existing project and asset management processes, investor requirements, and project-related deliverables
Serve as a liaison with investor asset management departments and as a Fiduciary and Manager of Funds
Oversee and guide the Asset Management team in coordinating investor equity pay-ins, monitoring and facilitating annual collection of priority returns or residual cash flow distributions
Work collaboratively with NTCIC colleagues across acquisitions, project management, marketing, legal, asset management, finance, and accounting departments
Oversee the organization and maintenance of all electronic and physical information filing systems
Review and periodically update Operational Asset Management Policies & Procedures and Reporting Systems & Standards
Support the Asset Management team in resolving investment challenges including construction and operational issues, compliance with capital stack requirements, and financial documentation
Responsible for analyzing project status and preparing Monthly & Quarterly Investment & Portfolio AUM Performance & Watch List Reports for investors, senior leadership, and NTCIC’s Board of Directors
Oversee the annual investment site inspection calendar and conduct or supervise site visits
Oversee the hiring and work planning process for Asset Management team members and evaluate staff performance
Commit to protecting and preserving NTCIC’s Core Values and Organizational “SPIRIT” Culture
Requirements:
Master’s degree in business, finance, or real estate (or equivalent) or 10 years of progressively responsible experience in community development tax credit equity investment
At least seven years of multi-asset class commercial real estate investment analysis and underwriting experience
Commitment to mission-driven work and advancing innovative community development initiatives
Demonstrated excellence in interpersonal, leadership, and team management skills, with a proven ability to motivate and mentor a geographically distributed team
Excellent organizational, time management, and project management skills
Demonstrated analytical expertise and attention to detail, with strong real estate knowledge-encompassing financial statement analysis, general accounting, construction and rehabilitation processes, property management, risk assessment and mitigation, and comprehensive compliance with financing reporting, funding benchmarks, tax credit regulations, and LLC operating requirements
Deep experience and technical knowledge of various tax credit programs (e.g., NMTC, HTC, ITC) and exposure to non-bank, private credit financing structures with social impact investment frameworks
Strategic thinker skilled in systems-based approaches and adept at leveraging AI tools to enhance data-driven decision-making
Demonstrated ability to translate high-level goals into actionable, measurable steps
Exceptional proficiency in word-processing, spreadsheet, database, and presentation software, coupled with excellent writing, communication, and presentation skills
Ability and willingness to travel periodically
What we offer:
Professional development and leadership growth opportunity
Flexible work environment
Comprehensive benefits package including partially employer-paid medical, vision, and dental insurance
Generous paid time off and family leave policies
401(k) retirement plan with employer match and safe harbor provisions
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