Senior Tax Credit Equity Asset Manager

Locations available: Buffalo, NY, Columbia, MD or Boston, MA Overview: Asset manager function will support various tax credit equity investments (e.g., LIHTC (Low Income Housing Tax Credit, HTC (Historic Tax Credit), NMTC (New Markets Tax Credit), and RETCs (Renewable Energy Tax Credit). Position will work with the tax credits investment team to primarily: (1) order third-party reports (e.g., market study) required for underwriting of prospective investments; (2) maintain/track prospective investment due diligence list; (3) represent M&T on investment closing calls relating to status of required items on due diligence list; (4) track any required post-approval/pre-closing modification approval requirements; (5) track progress during a projects construction phase, including interfacing with the Banks construction monitoring department; (6) ensure all required third-party reports (e.g., cost certification) are complete after a projects construction phase; and (7) prepare an investment package for each investment for hand-off to the Tax Credit Equity Asset Managers handling post-stabilization asset management. Primary Responsibilities: Origination of New Investments Track, compile, and organize appropriate due diligence materials (e.g., market studies, cash flow proformas, investment summaries, economic benefit schedules, sponsor financial statements). Attend investment pre-closing calls, taking the lead in representing M&T as it relates to the due diligence list. Interface with appropriate internal departments relative to having profitability models run on each prospective investment. Ensure any required pre-closing modification memos have been properly approved prior to closing. Closing of new investments (once formal bank approval has been obtained) Aid Relationship Manager in sending appropriate documentation to the Banks legal counsel. Review, from a financial perspective, draft funding/contribution, and Operating Agreements. Coordinate distribution of required documents to internal Bank stakeholders (e.g., Tax Credit Operations, Accounting Policy Dept., Counsels Office, Corporate Tax Dept., CRA Dept.). Coordinate with the Tax Credit Operations Manager regarding documentation and data required for closing/commitment approval. Ensure all insurance requirements are in place, in accordance with established underwriting guidelines, policies, and procedures. Portfolio Maintenance Through Project Stabilization Ensure and track required construction monitoring as well as environmental review requirements, including engagement of third-party reports. This required interfacing with various internal stakeholders/departments." Ensure requires post-construction third-party reports and tax forms (e.g., cost certification, IRS Form 8609) have been received and reviewed in accordance with established policies and procedures. Work to ensure that initial tenant files are inspected, in accordance with established policies and procedures. Prepare interim investment update memos consistent with established protocol. Review and approve site inspection overviews that are conducted by third-party vendors. Work with Relationship Managers to ensure all pre-conversion-to-permanent financial data has been collected and reviewed. Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies. Promote an environment that supports diversity and reflects the M&T Bank brand. Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable. Complete other related duties as assigned. Scope of Responsibilities: Community Banking includes: Community Finance individualized tax credit investment and specialty lending solutions to developers of affordable housing as well as other community activities Environmental Finance individualized tax credit investment and specialty lending solutions to sponsors/developers of renewable energy and other environmental/ decarbonization projects. Impact Investing venture capital equity investments to funds that invest in businesses that are social and/ or environmental impact oriented. Works closely with Relationship Manager, Banks Legal Counsel and Credit Administration during screening, approval and closing process. Supervisory/ Managerial Responsibilities: Input into the development of and training of junior/newly hired team members. Education and Experience Required: Bachelors degree in Accounting, Finance, Economics or related field and minimum of 5 years relevant experience including previous tax credit asset management experience or in lieu of a degree, a combined minimum of 9 years higher education and/or work experience including a minimum of 5 years relevant experience including tax credit asset management experience. Excellent communication and relationship building skills. Strong customer focus. Solid decision-making ability. Ability to function in a high volume, fast-paced environment. Proficient in use of pertinent word processing, spreadsheet, and presentation software, as well as pertinent business systems. Education and Experience Preferred: Sound experience showing fast response time, consistency, and success. Strong stakeholder management skills. M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $100,611.94 - $167,686.57 Annual (USD). The successful candidates particular combination of knowledge, skills, and experience will inform their specific compensation. Location Buffalo, New York, United States of America Great companies have an enduring sense of purpose. At M&T, our purpose is a simple one: make a difference in peoples lives and uplift the communities we serve. M&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&Ts affiliates offer advice, guidance, expertise and solutions across the entire financial spectrum, combining M&T Banks traditional banking services with the wealth management and institutional capabilities offered by Wilmington Trust. M&T Bank has a network of over 1,000 branches and 2,200 ATMs that span 12 states from Maine to Virginia and Washington, D.C. For more than 165 years, M&T has strived to take an active role in our communities and build long-lasting relationships with our customers. We are a bank for communitiescombining the capabilities of a large bank with the care of a locally focused institution. As an employer of choice, we are proud to offer competitive benefits ranging from medical and retirement to forty hours of paid volunteer time, each year. Our core values integrity, ownership, collaboration, curiosity, and candor drive the work we do. We seek to further build upon our record of success by bringing in top talent and fresh skill sets while continuing to support the growth and development of all our team members. View M&Ts Human Capital Report to learn more. Ready to join our team? Submit your application today! If you are unable to apply through this site due to technical issues or need an accommodation to apply, please contact us at careersitesupport@mtb.com for assistance. M&T Bank is unwavering when it comes to providing equal employment opportunities to all employees and applicants without regard to race, color, national origin, religion, ethnicity, sex, gender identity, age, disability, citizenship, pregnancy, veteran status, military status, marital status, sexual orientation, genetic information or any other characteristic protected under applicable federal, state or local laws. M&T Bank Corporation has policies and procedures in place to promote a drug free workplace. HR Career Site Privacy Notice