Job Information
Regions Bank Corporate Banking New Markets Tax Credit Portfolio and Asset Manager (REMOTE OPPORTUNITY) in Atlanta, Georgia
Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.
Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Such information will be stored in accordance with regulatory requirements and in conjunction with Regions’ Retention Schedule for a minimum of three years. You may review, modify, or update your information by visiting and logging into the careers section of the system.
Job Description:
At Regions, the Corporate Banking New Markets Tax Credit (NMTC) Portfolio and Asset Manager (PAM) is responsible for all aspects of underwriting, compliance, portfolio management, and accounting related to the NMTC program. This role is responsible for monitoring program compliance of industry partners as well as community impacts generated from projects.
Primary Responsibilities
Prepares underwriting memorandum for new NMTC investments, including coordination with Commercial, Corporate, and CRE partners
Assists in review of pre-closing, closing, and exit documents
Reviews the Flow of Funds (account numbers, fees, etc.); coordinate internally to make sure all accounts are set up and wires processed for closing
Prepares sub-allocation and QEI designation paperwork and makes transfers on the CDFI Fund website
Reviews flexible terms and conditions memorandums
Assists with preparation of documents in connection with the unwind at the end of compliance period, including required safe harbor calculations
Collects QALICB & CDE certifications
Reviews and analyzes financial statements
Maintains current risk ratings for portfolio
Maintains data points for AMIS reporting and lead AMIS and IRS reporting as required
Assists with post-closing portfolio investment issues
Performs semi-annual testing as required by NMTC program
Oversees project and related compliance documentation
Maintains credit allocation within AMIS system
Coordinates collection of annual Advisory Board renewals and certifications regarding low-income community representative status
Maintains satisfactory credit risk standards, risk review assessments, audit results, and compliance results
Remains abreast of industry developments, trends, and competitive data
This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.
This position is incentive eligible.
Requirements
Bachelor’s degree in Business, Finance, or related field
Three (3) years of underwriting/asset management experience
Preferences
Tax credit finance experience
Salesforce experience
Skills and Competencies
Ability to multitask, set priorities, and meet deadlines
Excellent organizational and time management skills
Strong analytical skills and problem-solving skills
Strong communication skills, both written and verbal
Proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)
This position may be filled at a higher level depending on the candidate’s qualifications and relevant experience.
Position Type
Full time
Compensation Details
Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.
The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.
Job Range Target:
Minimum:
$75,394.00 USD
Median:
$91,330.00 USD
Incentive Pay Plans:
This role is eligible to participate in a discretionary incentive plan. Employees have the potential to receive a discretionary award based on performance against defined metrics and goals.Opportunity to participate in the Long Term Incentive Plan.
Benefits Information
Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. (https://www.regions.com/about-regions/benefits/benefits-eligibility) Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.
Paid Vacation/Sick Time
401K with Company Match
Medical, Dental and Vision Benefits
Disability Benefits
Health Savings Account
Flexible Spending Account
Life Insurance
Parental Leave
Employee Assistance Program
Associate Volunteer Program
Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please click or copy the link below to your browser.
https://www.regions.com/welcometour/benefits.rf
Location Details
Atlanta Midtown
Location:
Atlanta, Georgia
Bring Your Whole Self to Work
We have a passion for creating an inclusive environment that promotes and values the differences that make each of us stand out as unique individuals and help provide valuable perspective that makes us a better company and employer. More importantly, we recognize that creating a workplace where everyone, regardless of background, can do their best work and thrive is the right thing to do.
OFCCP Disclosure: Equal Opportunity Employer/Disabled/Veterans
Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.
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