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NCB Capital Impact-Investor Manager

Position: NCB Capital Impact-Investor Manager
Location: Crystal City, VA

Nature & Scope:   

  • To oversee the investor remitting and compliance functions (for those functions related to Loan Accounting) for multiple programs and single investors.
  • To manage the cash calls for all programs and investors.
  • To collaborate with Loan Servicing, Closing, Construction Services, Corporate Accounting, and Lending to ensure conformity with program guidelines, investor guidelines, and loan documentation.
  • To Facilitate change by identifying issues, problems and opportunities, by determining whether action is appropriate, and by effectively communicating the importance and need for change.
  • To independently manage the large and complex NCBCI products and/or programs

Responsibilities Include:  

  • Investor Accounting:
    • Control, review, and analyze all investor loan activity on a regular and on-going basis, to assure loan system accuracy and compliance with participation, servicing agreements and program guidelines. 
    • Assist with and advise on structuring of new programs as it relates to loan accounting system capabilities, policies and procedures.
    • Review and comment on documents for managed loans, NMTC and other loan programs regarding compliance with existing systems, policies and procedures.
    • Collaborate with CIG, NCBCI Finance and Accounting, and NCB Loan Accounting Department as necessary.
    • Process all investor cash calls and sales process of loans being sold into a program or to a single investor.
    • Act as primary contact for its counterpart at other organizations regarding Investor payments and other remittances. 
    • Prepare all investor related GL entries. (I look at this step as being specifically integrated to steps 1 and 2)
    • Reconciliation of off balance investor custodial accounts and other Loan Accounting related P&I accounts.
    • Initial set-up of new programs on loan accounting system.   
  • Investor Compliance
    • Assist with timely preparation, review and distribution of all management and external third party reports of all managed loans, NMTC and other loan programs.
    • Keep accurate records and files of all reporting information submitted.
    • Assist Sr. Financial Analyst & CFO with budget and reporting matters related to portfolio and lending programs 
  •  Systems
    • Work closely with Accounting in the development of new programs. Specifically on how to use current systems to manage and accurately report required financial information.
    • Represent NCB Capital Impact’s current and future system needs on multiple cross family committees and projects.
    • Maintain up to date policies and procedures for all managed programs.
  • New Markets Tax Credits 
    • Distribute CDE and Investment Fund monies adhering to guidelines in the various operating agreements, servicing agreements, and IRS regulations.
    • Keep the CDE in compliance with the Equity and Leverage lenders in the transaction
    • Manage on average 6 cash accounts per deal.
    • On fully funded QEI construction deals, manage the debt service payments on lower tier loans.  Track availability of debt service reserve balances approximating remaining number of payments available.
    • Track expenses paid as it relates to Audits and Tax returns.
    • Create and maintain compliance folders for each deal.
    • Cascade funds at closing to ensure accurate documentation of QEI and QLICI are made per IRS requirements

  Minimum Qualification: 

  • BA or BS College Degree
  • 10+ years experience in loan accounting, including investor reporting, remitting, loan servicing and compliance
  • Possess a thorough knowledge of loan documentation, servicing agreements, investor reporting requirements and generally accepted accounting principles
  • Ability to understand complex programs, regulations and requirements
  • Excellent teamwork/collaboration skills, effective communication both written and verbal
  • Proven work knowledge of the following software:  McCracken Financial Software, McCracken Query functions, Lawson Accounting software
  • Exposure to NMTC program helpful

If you would like to apply for this position, please send your resume to ncbvajobs@ncb.coop.