Works under limited direction of Assistant Director of Asset Management. Accountable for the ongoing performance, credit monitoring and risk mitigation of a portfolio of investments which could have more complex investments and/or a larger portfolio of investments. Maintains relationships with internal partners and external customers within the investments. Monitors project construction and development milestones, for purposes of compliance and monthly financial forecast preparation.
Responsible for review of equity funding requests in coordination with external customers and USB counsel (if necessary). Analyze project performance to ensure adherence to programmatic compliance. Continually monitor risk profile of the investment and recommend risk rating adjustments as needed. Review and negotiate post-closing deal amendments, modifications or restructures and prepare credit memo for presentation to Assistant Director and other members of management and credit administration. Apprises manager, credit administration and other appropriate parties of ongoing asset quality performance in accordance with credit policy.
Works closely with Renewable Energy Investments Production and Syndications teams to focus on collaboration and meeting customer expectations.
Bachelors degree, or equivalent work experience
Four to seven years of tax credit investment industry experience
Thorough understanding of tax credit investment management
Thorough knowledge of construction finance, legal documentation and requirements, real estate property management, and accounting
Well-developed analytical and problem-solving skills
Strong interpersonal, written and verbal communication skills
Highly motivated, able to work independently, and possesses acute attention to detail
General real estate background preferred
Some knowledge of LIHTC, RETC and/or NMTC preferred