Program Manager, National Trust Community Investment Corp
Posted October 28, 2013
|Offered By||National Trust Community Investment Corporation |
A for profit subsidiary of the National Trust
Washington , District of Columbia
Perform a variety of acquisition activities for the National Trust Community Investment Fund. Underwrite prospective investments identified by Acquisition Mangers after an LOI has been executed. These tax credit investments may include debt and equity investments in residential, commercial and mixed-use historic rehabilitation projects involving historic, solar and New Markets tax credits. Prepare investment committee write-ups and present these memos to the board Investment Committee. Close transactions and provide a handoff memo to asset management.
The National Trust Community Investment Corp (NTCIC) makes equity investments in real estate projects that qualify for federal and state historic and New Markets Tax Credits. NTCIC works with a wide variety of property owners including for-profit developers, nonprofit organizations and local governments. Its focus is on projects that have a high economic impact on the surrounding community. NTCIC is a wholly owned for-profit subsidiary of the National Trust for Historic Preservation, the leading nonprofit advocate for historic preservation in the United States.
- Create and review financial models.
- Calculate investor returns
- Perform detailed guarantor analyses
- Review and critique project market studies
- Review developer projections and budgets. Make adjustments consistent with NTCIC and outside investor credit policy.
- Identify key underwriting risks and mitigations.
- Collect all due diligence consistent with closing checklist.
- Work with outside counsel to close transactions and lead/participate in weekly closing calls. Keep senior management apprised of closing timeline, delays.
- Push back on deals that seem unrealistic in their projections or that may cause significant issues for asset management. Aggressively suggest changes to the deal that would mitigate these risks.
- Strong financial analysis and spreadsheet (Excel) skills required.
- At least 5 years of senior level experience in complex urban subsidized housing and commercial real estate finance.
- Prior experience working with governmental agencies, nonprofit groups and for profit developers required.
- Expertise in legal, tax and accounting aspects of historic tax credit projects required.
- Knowledge of the historic, New Markets and solar tax credits, the master tenant ownership structure and the historic tax credit certification process preferred.
- Excellent writing skills required.
- Demonstrated ability to work well in a team setting.
- Willingness to travel and work an unconventional schedule.
How to Apply
To apply, please include a cover letter in the body of a message and email your resume as a Word, PDF or Text document to 150114-CSfirstname.lastname@example.org.
The National Trust for Historic Preservation an equal opportunity organization and does not discriminate on the basis of race, color, religion, national origin, sex, age, sexual orientation, veteran status, or disability. The National Trust for Historic Preservation actively seeks opportunities to include members of these groups in its programs and activities.