Manager, New Markets Tax Credits, Nonprofit Finance Fund

Posted by on March 31, 2014

Manager, New Markets Tax Credits

Location: New York, NY
(with flexibility to be located in NFF Offices: Boston, Philadelphia, Los Angeles, and San Francisco)

Organizational Overview:
Nonprofit Finance Fund (NFF) unlocks the potential of mission-driven organizations through tailored investments, strategic advice and accessible insights. Founded in 1980, NFF helps organizations connect money to mission effectively, and supports innovations such as growth capital campaigns, cross-sector economic recovery initiatives, and impact investing.

A leading community development financial institution (CDFI) with over $80 million in assets, NFF has provided over $300 million in loans and access to additional financing via grants, tax credits and capital in support of over $1.4 billion in projects for thousands of organizations nationwide. Each year NFF works with hundreds of nonprofits providing education and financial advice and tools to improve their financial understanding and health, and partners with foundations across the country to develop solutions for organizations’ most pressing issues.

NFF is on an exciting growth trajectory to fulfill our mission to bring tailored investments, strategic advice and accessible insight to create a more just and vibrant society. We are building a versatile team that has the diverse skills to deliver our products and the entrepreneurial approach and flexibility to support and drive NFF’s growth and innovation. NFF works nationally and our staff is located in five offices in New York, Boston, Philadelphia, San Francisco and Los Angeles.

For more information, please visit http://www.nff.org.

Position Summary:
NFF’s New Markets Tax Credit (NMTC) portfolio has more than tripled over the last three and a half years. Since 2007, NFF has been awarded six NMTC allocations totaling $231 million, all of which has been deployed. The Manager, New Markets Tax Credits will join this growing department to support internal monitoring and compliance of this portfolio. In addition, s/he will develop external relationships with current nonprofit/community borrowers and regulatory agencies to keep current projects on track and moving forward. Primary responsibilities include asset management for closed investments, periodic reporting to investors, borrowers, and regulatory agencies, review and interpretation of deal documents, review of certain calculations and ratios, and maintenance of compliance files.

The ideal candidate will bring a passion for supporting nonprofits and communities, experience in monitoring and compliance, and a track record of strong relationship development and management. Knowledge of complex tax credit compliance, specifically New Markets Tax Credits (NMTC) and Community Development Financial Institutions (CDFIs) is preferred. This opportunity is a great next step
for an individual in the banking/nonprofit finance field who wants to continue to build their skill in complex financial analysis with the opportunity to be a relationship lead and take on more external responsibility as NFF’s NMTC portfolio continues to grow.

http://www.nhi.org/jobs/3639/manager_new_markets_tax_credits