The Community Development Tax Credits (CDTC) Group is part of Chase's Community Development Banking Team, which delivers financial products to support development and revitalization of low- and moderate-income communities. The CDTC Portfolio Analyst will be part of the team that manages the bank's New Market Tax Credits, State Tax Credits, and Historic Tax Credit initiatives, which is part of Chase's Commercial Bank. The Portfolio Analyst acts as a primary point of contact for the Community Development Entities (CDEs) and project borrowers (QALICBs) post-closing of a New Markets Tax Credit transaction. Additionally, they act as the business-side liaison between our CDE and QALICB clients, and the internal groups that service our NMTC transactions. The successful candidate will work in a fast-paced, entrepreneurial atmosphere that requires flexibility and attention to detail.
Major Functions (Principal Duties and Responsibilities)
Responsible for a portion of the portfolio of transactions and will act as the primary point of contact with CDEs, QALICBs during the seven year NMTC compliance period
Complete required portfolio monitoring tasks to include: periodically collecting community impact, project status, compliance data, financial information from CDEs and QALICBs
Work with the QALICBs, CDEs, and Lenders post-close to ensure accurate transaction flow during 7-year compliance period
Closing executions with other Project team members
1-3 years of banking/lending/credit experience, familiarity with Community Development Financial Institutions, and preferably with experience in federal tax credit programs
Strong analytic and writing skills
Excellent interpersonal, communication and teamwork skills
Strong computer skills, including Excel, Word and PowerPoint
Demonstrated ability to work independently and within the context of a deal team
Bachelor Degree required
The final officer title and job grade is at the discretion of the firm and will be discussed at the time of offer. It may be different than what is listed on the requisition based on candidate experience level.
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