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Credit coordinator

New Jersey Community Capital
Brunswick, NJ Full Time
POSTED ON 4/26/2024

Job Overview

The NMTC Coordinator will be responsible for all activities taking place after a New Markets Tax Credit loan closes, managing a substantial portfolio of loans / projects.

The NMTC Portfolio Coordinator will be involved with a project before loan closing, in particular when the Lending team discusses and negotiates topics relevant to post-closing activities.

After closing, the project responsibility shifts to the NMTC Portfolio Coordinator.

Location : New Brunswick, New Jersey

Responsibilities

Compliance

  • Perform Governing Board and Advisory Board reporting requirements.
  • Perform NMTC compliance tests.
  • Manage project-level reporting, review information, compile ongoing reporting obligations, and annual

reporting to the CDFI Fund.

Asset Management :

  • Review of borrower financial statements.
  • Conduct annual project site visits.
  • Perform investor reporting activities.
  • Serve as liaison for borrowers, lenders, and investors by responding, resolving, and expediting inquiries,

discrepancies, and special requests.

Servicing and Payments :

Perform cash management activities, such as invoice preparation, monitoring of incoming payments, and

processing of outgoing payments and distributions.

Monitor subsidiary community development entity (sub-CDE) activities and support preparation of

annual audited financial statements.

Qualifications

  • Bachelor's degree required.

and nonprofit organizations and their real estate operations.

Basic familiarity with business law concepts including contracts, loan collateral, uniform commercial

code, creditors' rights, and sufficient knowledge to review and negotiate loan documents.

  • Demonstrated customer service experience.
  • Self-motivated team player with excellent multi-tasking skills, excellent follow-up skills and strong

attention to detail.

Job Posted by ApplicantPro

Last updated : 2024-04-24

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