10/01/2019

Asset Manager, NMTC

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 Asset Manager to support our New Market Tax Credit program.

 

Why we need you:

CSH is seeking an enthusiastic, results-oriented individual. The Asset Manager will ensure compliance with the CDFI Fund’s requirements for the New Market Tax Credit Program. Working with our Loan Portfolio Team, this position is located in CSH’s New York Office.

 

What you will do:

  • Ensure program compliance: Collect and review community impact reporting into CIIS, the annual Community Benefit (CBA) report from QALICBs and the asset management report regarding closed projects for the NMTC Advisory Board, Internal Management and the Board of Directors.
  • Monitor project performance and assess risk through review of periodic reporting from QALICBs and guarantors (i.e. monthly draws, quarterly financials) and coordinate with the NMTC team, investors and other sub-CDEs as needed on issues relating to compliance and/or to mitigate risks.
  • Assist with the organization’s NMTC application and in finalizing related allocation agreements.
  • Assist with project closings, reviewing the project financial model and key legal documents related to loan servicing, compliance/reporting, and disbursement processes for accuracy; coordinate with Finance to establish and manage sub-CDE general ledgers and bank accounts; and work with external auditors and tax accounts to ensure program compliance at closing.
  • Service NMTC Loans, including loan data management, interest, fee and tax payments, and construction draw reviews and approval.
  • Prepare all required accounting and financial reporting; coordinate and prepare work papers for annual financial audits, tax department and annual tax filings; and oversee investor reporting.
  • Creatively support the NMTC program by identifying solutions, offer ideas for improved systems, assist in the preparation of program budget and expenses, and complete special projects as needed and assigned.

 

How we work:

All CSH staff share a common competency framework. These guide our approach and in turn, help 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.

  • Successful candidates will be adaptive, entrepreneurial problem solvers with a demonstrated commitment to social justice. CSH seeks candidates driven by strategic thinking, executed with creativity and flexibility, and with an ability to adapt approach, strategy, and tactics rapidly in response to changing information or program needs. It is important to help articulate and strategically pursue new visions and ideas for supportive housing and the role it can play in solving complex problems.
  • 3-years minimum experience in asset/portfolio management, project development, and/or non-profit lending. Experience in loan servicing and/or compliance a plus.
  • 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. Prior experience with New Market Tax Credits is a plus, but not required.
  • Candidates must be organized, analytic, detail-oriented, and comfortable working with numbers/data. Excellent written and verbal communication skills are needed with an aptitude for managing multiple assignments and meeting deadlines.
  • Experience incorporating the perspectives of multiple communities, including communities of color, in the consideration of impacts and outcomes of a decision-making process.
  • Strong analytical, interpersonal, presentation and written and verbal communication skills with the ability to present to diverse audiences, specifically racially, ethnically and socially diverse communities.
  • CSH uses Microsoft Office programs (Word, Excel, Power Point, Access, Outlook) so a mastery of these products is required.
  • Prior experience with loan servicing and monitoring software is preferred.
  • Bachelor’s degree or equivalent experience of education and experience.

 

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.

CSH is proud that it has been and always will be an Equal Opportunity Employer

 

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