Location: Chicago, IL, United States

Join our successful team dedicated to investing in New Markets Tax Credits (NMTC) projects. 

 

As a Structured Finance Management Senior Associate on the Community Development Banking team, you will play a key role in managing the bank's New Markets Tax Credits (NMTC) and State Tax Credits initiatives. You will serve as the primary point of contact for Community Development Entities (CDEs) and project borrowers (QALICBs) following the closing of a New Markets Tax Credit transaction. Additionally, you will act as the business-side liaison between our clients and the internal groups that service our Tax Credit transactions. The ideal candidate will excel in a fast-paced, entrepreneurial environment, showcasing adaptability and keen attention to detail.

 

Job Responsibilities

• Prepare credit approval documents for Community Development Tax Credit equity investments

• Execute closing activities in partnership with project team members and internal stakeholders.

• Assist in creating monthly, quarterly, and semi-annual investment reports.
• Perform reporting of community development project impact and program reporting to the U.S. Treasury.
• Maintain ticklers for internal and external reporting.
• Assist in program compliance reviews and manage organizational tasks required during the closing of New Market Tax Credit investments.
• Collaborate with QALICBs, CDEs, and lenders post-close to ensure accurate transaction flow during the 7-year compliance period.

• Partner closely with the Project Team members, Chase Credit, and Legal on distressed projects 

 

Required qualifications, skills, and capabilities

• Minimum 2 years of experience in banking, lending, or credit.
• Strong analytical and writing skills.
• Excellent interpersonal, communication, and teamwork abilities.
• Proficient in computer skills.

 

Preferred qualifications, skills, and capabilities

• Bachelor's degree preferred.

• Completion of a major corporate bank credit training program (or the equivalent corporate banking/corporate finance experience) preferred.

 

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. 

Manage NMTC and state tax credit investments, post-close compliance, reporting, and stakeholder coordination.