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.