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Sr. Tax Credit Specialist (Hybrid eligible)

Company: Enterprise Bank & Trust
Location: Saint Louis
Posted on: November 25, 2022

Job Description:

Enterprise Bank & Trust was founded in the spirit of entrepreneurship and community. From the small mom-and-pop coffee shop to the large construction company that employs local people, our goal is to help businesses succeed and our communities thrive. With offices in Missouri, Kansas , Arizona, California, New Mexico and Nevada, we're strong, growing and committed to supporting the communities we serve. We extend this commitment to the community to our associates, offering annual paid volunteer time off and charitable-matching opportunities. Voted A Best Bank to Work For by American Banker for multiple years, we offer our associates an array of benefits and the opportunity to chart their own career path with us. Join us in the pursuit of our mission to guide people to a lifetime of financial success, and enjoy a career filled with professional growth opportunities, interesting colleagues and the satisfaction of supporting our communities. Together, there's no stopping you.

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Sr. Tax Credit Specialist (Hybrid eligible)
Job Description

Summary:

This position will focus on managing the transactions for the brokerage of Low Income Housing and Historic Tax Credits and support the investment and loan portfolios related to these credits. In addition, supporting the loan servicing and compliance requirements for the Community Development Entity (CDE) related to the New Market Tax Credit (NMTC) allocations.

Essential Duties and Responsibilities:

  • Manage the tax credit sales documentation process including preparation of agreements (when required), distribution to clients, uploading and distributing to parties internally, process payments, close out the transaction on internal systems
  • Facilitate ongoing support and coordination with clients and associates to support tax credit sales
  • Coordinate closings with the client, Relationship Manager (RM) and attorney for all tax credit loan and investment closings
  • Maintain knowledge and understanding of the tax credit partnerships to facilitate deposit and loan account management with internal and external accounting teams
  • Assist with monitoring the performance of Low Income Housing Tax Credit loan and investment portfolio
  • Prepare, review and facilitate on a regular basis the movement of funds for subsidiaries and borrowers; including loan servicing, disbursing and distributions for NMTC borrowers
  • Process monthly/quarterly payment of invoices to third party vendors and confirms receipt of asset management fees from borrowers, subsidiaries and vendors
  • Request and collect required financial and community impact information due from NMTC borrowers
  • Prepare and submit required reporting to NMTC investors
  • Coordinate all sale and investment transactions with the finance department
  • Perform other duties as required

    Qualifications:
    • Effective verbal and written communication skills
    • Proven experience working in a fast paced, high volume, customer-centric environment
    • Ability to work both independently as self-starter and a team environment
    • Effective time management and problem-solving skills with strong attention to detail
    • Proficient in the use of technology including loan origination and core banking systems
    • Strong organizational skills and ability to coordinate complex activities prioritize conflicting demands and must be able to meet deadlines
    • Ability to work under tight deadlines

      Supervisory Responsibilities:
      • None

        Education and/or Experience:
        • Minimum high school diploma or equivalent
        • Associates degree preferred
        • Minimum of 5 years of experience supporting tax credit or commercial lending with an emphasis of investing and brokerage activities
        • Understanding of lending practices and loan documentation including regulatory requirements

          Computer and Software Skills:
          • Skilled in operation of a personal computer, including Microsoft Office
          • Bankway
          • Sales Force
          • Google Mail

            Certificates, Licenses and Registrations:
            • None

              Equal Opportunity Statement

              Enterprise Bank & Trust is committed to helping individuals with disabilities participate in the workforce and ensuring equal opportunity to apply and compete for jobs. If you need an accommodation in order to apply for a position at Enterprise Bank & Trust please contact Human Resources at ...@enterprisebank.com .

              Enterprise Bank & Trust is committed to managing our business and community relationships in ways that positively impact our associates, clients, and the diverse communities where we work and live. We are proud to be an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, national origin, sexual orientation, gender identity or protected veteran status and will not be discriminated against on the basis of disability. All employment offers are contingent upon the applicant successfully completing both drug and background check screenings. If you would like more information about your EEO rights as an applicant under the law, please download the Equal Employment Opportunity is the Law poster HERE . Associated topics: broker, customer, client, inside sales, life insurance agent, life insurance sales, outside sales, sales position, sales representative, sell

Keywords: Enterprise Bank & Trust, St. Louis , Sr. Tax Credit Specialist (Hybrid eligible), Other , Saint Louis, Missouri

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