Who we are:
For over 25 years CSH has been a game-changer for the most vulnerable people in our country
- Helping communities create 300,000 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 supportive housing works and changes the lives of individuals, families and communities, we have done so while creating a family of nationally recognized experts who stay committed to our organization and mission throughout their careers. We attract talented professionals, offer competitive salaries with benefits, generous family leave and PTO, and fully embrace the philosophy that a sustainable work-life balance is desirable and achievable. With the aim of attracting good people who possess the confidence and drive to get the job done, CSH is now accepting applications for an Associate Portfolio Manager of our New Market Tax Credit program.
Why we need you:
CSH is seeking an enthusiastic, detail-oriented individual to join our high-impact New Market Tax Credit team. Our NMTC investments have supported the development of health and social service facilities that serve vulnerable populations and supportive housing projects.
Reporting to the Director of New Market Tax Credits you will work with our NMTC Asset Manager and NMTC Loan and Compliance Officer managing CSH’s NMTC portfolio, which currently consists of fifteen projects but will soon grow to approximately twenty by the end of 2020. You will take the lead role to collect and review project related reporting and compliance documents; review and approve loan disbursements; conduct periodic site visits; monitor project performance against projections; regularly evaluate and help to address project risks; and prepare reports and present portfolio performance to internal staff and external committees. Additionally, this position offers significant opportunity for learning and growth. Successful candidate must be a self-starter and able to take initiative to manage investments with minimal day-to-day supervision, and works well independently and as part of a team that includes accountants, attorneys, program and compliance consultants, co-lenders, and government agencies.
What you will do:
The Associate Portfolio Manager is responsible for monitoring closed projects and compliance reporting, including:
- Help review NMTC financial model and loan documents to ensure that required reporting, disbursement procedures, closing conditions, and covenants are included and comply with 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 Borrower compliance reporting to ensure reporting its completed on-time and in accordance with all reporting requirements.
- Help collect, enter, and manage annual community impact reporting for each project;
- Assist with CSH’s annual reporting to the U.S. Department of Treasury’s Community Development Financial Institution Fund (CDFI Fund) in its Award Management Information System (AMIS).
- Conduct 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 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 presentation to the NMTC Advisory Board, CSH management/Board of Directors, investors, the CDFI Fund, and/or others as needed.
Other Responsibilities to Support and Build CSH’s NMTC Program:
- Cultivate and maintain positive working relationships with project sponsors/borrowers, investors, co-lenders, and other external NMTC partners, including consultants, attorneys, and tax accounts.
- Keep current of NMTC compliance and reporting requirements.
- Help to prepare project summaries and other marketing materials for website and general distribution, and represent CSH at NMTC conferences, trainings, and other events.
- Help where needed to prepare CSH’s annual NMTC application to the CDFI Fund.
- Support the advancement of CSH’s strategic priorities and goals by applying your time and talent to CSH, including participating in conferences, trainings, and team meetings, and engaging in professional development activities and opportunities.
How we work:
All CSH shares a common competency framework. This guides our approach and in turn, helps us create value. CSH staff are adaptable, entrepreneurial, creative, flexible, and problem solvers. We are strategic thinkers with a sense of humor, persistence, and a commitment to treating others with respect.
- Bachelor’s degree in real estate, planning, business, finance or related field. Additional experience may substitute for degree.
- Experience incorporating the perspectives of multiple communities, including communities of color, in the consideration of impacts and outcomes of a decision-making process.
- An understanding of the concepts of institutional and structural racism and bias and their impact on underserved and underrepresented communities is preferred.
- Prior experience in real estate finance, asset/portfolio management, project development, and/or non-profit lending preferred. Experience in managing loans to community health centers and social service facilities a plus.
- Experience working with the New Market Tax Credit program is a plus but not required, experience with other government / Department of Treasury / compliance focused programs may be a substitute.
- Strong interest in economic and community development, affordable housing, addressing chronic homelessness, and meeting the service needs of low income, vulnerable populations, including seniors, veterans, transition aged youth, LGBT populations, and/or those with substance use, mental illness, or criminal histories, is required.
- Past experience in reading legal documents, and managing compliance and community impact reporting related to public funding sources is desired. Familiarity with community and economic development programs is a plus.
- Must be organized, analytic, detail oriented, and comfortable working with numbers/data; have excellent written and verbal communication skills; and demonstrated experience managing multiple assignments and meeting deadlines.
- Strong interpersonal, presentation, written, and verbal communications skills are needed with the ability to present to diverse audiences, specifically racially, ethnically and socially diverse communities and stakeholders.
- An understanding of the concepts of institutional and structural racism and bias and their impact on underserved and underrepresented communities is a plus.
- Experience using Microsoft Office programs (Word, Excel, Power Point, Outlook) is required.
Interested in joining our team as a leader in the national supportive housing movement?
Candidates should apply by clicking on the link below. All candidates should attach their Resume, Cover Letter and Salary Expectations as Microsoft Word or PDF documents.
CSH is proud that it has been and always will be an Equal Opportunity Employer