Doug Rasmussen Consulting LLC
Associate Director, New Market Tax Credits (NMTC)
Doug Rasmussen Consulting LLC, Saint Louis, Missouri, United States, 63146
New Market Tax Credits (NMTC) position for impactful community, business, and real estate projects within a dynamic firmAbout the Company
At Steadfast City Economic & Community Partners (www.steadfastcity.com), we are an economic development, community development, and non-profit consulting firm. We help businesses and real estate developers secure economic incentives when they expand or develop real estate. We also help communities, businesses, and community development organizations solve problems such as redeveloping/developing real estate, determining market feasibility for proposed projects, and performing planning and development related services. We work with organizations to secure New Markets Tax Credits (NMTC) to help finance facilities and impactful projects in low-income neighborhoods. Along with NMTC support, we assist non-profits with overall positioning and fund-development/operational strategy in our Mission Services Group. We exist for a higher purpose, to have an impact in everything we do.
Benefits
Competitive Salary
Flexible working hours
Flexible Vacation and Flexible Holiday
Paid Sick & Safe Leave
Medical, Dental and Vision Insurance
Retirement Plan Contribution
Life Insurance 50k+
Annual Continuing Education Allowance
Locations:
We are open to talent from any remote location, but show preference for our physical office locations listed below:
St. Louis, MO
Rochester, NY
Fairhope, AL
San Antonio/Austin, TX
About the Role
The New Markets Tax Credit (NMTC) Associate Director will work closely with a diverse and passionate team at Steadfast City, a consulting firm specializing in economic and community development. The role involves supporting NMTC strategy, managing NMTC eligible projects from inception to compliance, and building relationships with clients, Community Development Entities (CDEs), and Investors. This role requires a strong understanding of NMTC program regulations, compliance requirements and transaction structuring.
The NMTC Associate Director will work under the direction of the Vice President of Structured Finance on NMTC QALICB projects from inception to allocation to closing and compliance. They will also work closely with the compliance team to effectively and efficiently transition projects from closing to compliance. The Associate Director will be responsible for supporting the company’s NMTC strategy and building relationships with potential clients, Community Development Entities, and NMTC investors.
Responsibilities Include:
Manage the NMTC process, including discussing NMTC potential to sponsors/businesses, socializing the project to CDEs, identifying and securing investors, working with NMTC accounting to support structuring investments, and coordinating legal documentation.
Communicate with potential clients, project sponsors, and QALICBs the requirements of NMTC eligibility and the overall NMTC process for securing allocation and closing a NMTC transaction.
Develop and implement a comprehensive strategy to secure NMTC allocations for QALICBs.
Correspond with clients for fact-finding, due diligence coordination, data collection, and needed project documentation for the NMTC “pitch deck”, intake forms, and overall closing needs.
Provide guidance and technical assistance to QALICBs in responding to NMTC intake forms.
Build and maintain a CDE tracking database to track NMTC award allocation.
Conduct outreach and communicate routinely with potential CDEs as appropriate to market and socialize the current Steadfast City NMTC book of projects and potential new projects.
Build relationships with CDEs, investors, and other stakeholders involved in NMTC allocation process.
Track and report on progress toward securing NMTC allocations for QALICBs.
Analyze financial statements and projections to troubleshoot issues in attracting NMTC allocation and identify potential financing structures.
Work with legal and financial professionals to ensure compliance with regulatory requirements and optimize NMTC allocation structure.
Assist in the closing process by reviewing deal structuring and documentation with legal and financial professionals, participate in closing calls, negotiate as needed with other parties in the transaction, review and comment on financial models and legal documents, work on NMTC compliance and due diligence issues, and work closely with finance on funding while communicating the process and next steps with the client.
Work with the internal compliance team for NMTC compliance requirements, coordinating with client as needed.
Make recommendations for improvement of NMTC department by evaluating and re-designing processes, approaches, and coordination as needed.
Research and stay up to date on relevant laws, regulations, and policies related to NMTC allocation process.
Qualifications:
Bachelor's degree in business, finance, accounting, or related field (Master’s degree is not necessary but beneficial).
Strong analytical and financial modeling skills.
At least 5 years of experience working in community development, real estate development, finance, or a related field.
In-depth knowledge of NMTC program and regulations.
Experience working with QALICBs and securing NMTC allocations for them.
Experience with successfully closing NMTC transactions and managing NMTC projects from inception to completion.
Experience working with CDEs, investors, and other stakeholders involved in NMTC allocation process.
Strong communication and interpersonal skills, with the ability to work collaboratively effectively with internal and external stakeholders.
Excellent analytical and problem-solving skills, with the ability to identify risks and opportunities in complex financial structures.
Ability to work independently and as part of a project team.
Advanced project management skills and ability to manage and prioritize multiple projects simultaneously with varying deadlines.
Ability to proactively network and establish effective working relationships with clients, investors, and other stakeholders.
Willingness to travel as needed as the role will require occasional visits to the Steadfast offices to build relationships with the team, to meet with clients on location, and attendance of NMTC conferences.
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At Steadfast City Economic & Community Partners (www.steadfastcity.com), we are an economic development, community development, and non-profit consulting firm. We help businesses and real estate developers secure economic incentives when they expand or develop real estate. We also help communities, businesses, and community development organizations solve problems such as redeveloping/developing real estate, determining market feasibility for proposed projects, and performing planning and development related services. We work with organizations to secure New Markets Tax Credits (NMTC) to help finance facilities and impactful projects in low-income neighborhoods. Along with NMTC support, we assist non-profits with overall positioning and fund-development/operational strategy in our Mission Services Group. We exist for a higher purpose, to have an impact in everything we do.
Benefits
Competitive Salary
Flexible working hours
Flexible Vacation and Flexible Holiday
Paid Sick & Safe Leave
Medical, Dental and Vision Insurance
Retirement Plan Contribution
Life Insurance 50k+
Annual Continuing Education Allowance
Locations:
We are open to talent from any remote location, but show preference for our physical office locations listed below:
St. Louis, MO
Rochester, NY
Fairhope, AL
San Antonio/Austin, TX
About the Role
The New Markets Tax Credit (NMTC) Associate Director will work closely with a diverse and passionate team at Steadfast City, a consulting firm specializing in economic and community development. The role involves supporting NMTC strategy, managing NMTC eligible projects from inception to compliance, and building relationships with clients, Community Development Entities (CDEs), and Investors. This role requires a strong understanding of NMTC program regulations, compliance requirements and transaction structuring.
The NMTC Associate Director will work under the direction of the Vice President of Structured Finance on NMTC QALICB projects from inception to allocation to closing and compliance. They will also work closely with the compliance team to effectively and efficiently transition projects from closing to compliance. The Associate Director will be responsible for supporting the company’s NMTC strategy and building relationships with potential clients, Community Development Entities, and NMTC investors.
Responsibilities Include:
Manage the NMTC process, including discussing NMTC potential to sponsors/businesses, socializing the project to CDEs, identifying and securing investors, working with NMTC accounting to support structuring investments, and coordinating legal documentation.
Communicate with potential clients, project sponsors, and QALICBs the requirements of NMTC eligibility and the overall NMTC process for securing allocation and closing a NMTC transaction.
Develop and implement a comprehensive strategy to secure NMTC allocations for QALICBs.
Correspond with clients for fact-finding, due diligence coordination, data collection, and needed project documentation for the NMTC “pitch deck”, intake forms, and overall closing needs.
Provide guidance and technical assistance to QALICBs in responding to NMTC intake forms.
Build and maintain a CDE tracking database to track NMTC award allocation.
Conduct outreach and communicate routinely with potential CDEs as appropriate to market and socialize the current Steadfast City NMTC book of projects and potential new projects.
Build relationships with CDEs, investors, and other stakeholders involved in NMTC allocation process.
Track and report on progress toward securing NMTC allocations for QALICBs.
Analyze financial statements and projections to troubleshoot issues in attracting NMTC allocation and identify potential financing structures.
Work with legal and financial professionals to ensure compliance with regulatory requirements and optimize NMTC allocation structure.
Assist in the closing process by reviewing deal structuring and documentation with legal and financial professionals, participate in closing calls, negotiate as needed with other parties in the transaction, review and comment on financial models and legal documents, work on NMTC compliance and due diligence issues, and work closely with finance on funding while communicating the process and next steps with the client.
Work with the internal compliance team for NMTC compliance requirements, coordinating with client as needed.
Make recommendations for improvement of NMTC department by evaluating and re-designing processes, approaches, and coordination as needed.
Research and stay up to date on relevant laws, regulations, and policies related to NMTC allocation process.
Qualifications:
Bachelor's degree in business, finance, accounting, or related field (Master’s degree is not necessary but beneficial).
Strong analytical and financial modeling skills.
At least 5 years of experience working in community development, real estate development, finance, or a related field.
In-depth knowledge of NMTC program and regulations.
Experience working with QALICBs and securing NMTC allocations for them.
Experience with successfully closing NMTC transactions and managing NMTC projects from inception to completion.
Experience working with CDEs, investors, and other stakeholders involved in NMTC allocation process.
Strong communication and interpersonal skills, with the ability to work collaboratively effectively with internal and external stakeholders.
Excellent analytical and problem-solving skills, with the ability to identify risks and opportunities in complex financial structures.
Ability to work independently and as part of a project team.
Advanced project management skills and ability to manage and prioritize multiple projects simultaneously with varying deadlines.
Ability to proactively network and establish effective working relationships with clients, investors, and other stakeholders.
Willingness to travel as needed as the role will require occasional visits to the Steadfast offices to build relationships with the team, to meet with clients on location, and attendance of NMTC conferences.
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