Portfolio Management Associate, Community Development Banking (New Markets Tax Credits) – Chicago, IL

Job Description 

Portfolio Management Associate, Community Development Banking (New Markets Tax Credits) – Chicago, IL-150014579 https://www.careersatchase.com/searchjobs Portfolio Management Associate, Community Development Banking (New Markets Tax Credits) - Chicago, IL Overview The Community Development Banking (CDB) line of business within the Commercial Bank specializes in lending and equity investments in designated low and moderate-income communities, via direct investment as well as through federal tax credit programs.  National clients include CDFI funds, community development entities (CDEs), small businesses, and community based-not-for-profits.  https://www.chase.com/commercial-bank/finance/community-development Transaction and Portfolio Management within the New Markets Tax Credit Group acts as the primary point of  contact for  CDEs and project borrowers (QALICBs) post-closing of a New Markets Tax Credit transaction.  Additionally, they act as the business-side liaison between our CDE and QALICB clients and the group that services our NMTC transactions and the Credit Risk organization.  The  Associate will assist both in the overall activities of the group, as well as being responsible for a discrete portion of the existing portfolio, and a portion of the newly originated transactions. Key Responsibilities include During the closing process, the Associate will work with the NMTC Originations team and the servicing team to ensure that funding of the Investment Fund is initiated and that the waterfall of wire transfers are complete.  Additionally, they will work with the servicing team post-close to ensure accurate transaction flow during 7-year compliance period.  The Associate will be responsible for a portion of the portfolio of transactions (approximately 50 transactions) and will act as the primary point of contact with CDEs, and QALICBs during seven compliance period.  They will be responsible for periodically collecting community impact, project status, compliance data, and financial information from CDEs and project borrowers.  The Associate will work with Legal, and Special Assets in workout situations to ensure NMTC compliance. Qualifications Bachelors required  Completion of a major corporate bank credit training program (or the equivalent corporate banking/corporate finance experience) 2-4 years of banking/lending/credit experience, familiarity with Community Development Financial Institutions, and preferably with experience in federal tax credit programs Significant accounting and finance knowledge as well as and commercial banking experience.  Superior oral and written presentation skills, interpersonal skills, and analytical and problem solving skills Job  Commercial Credit Primary Location US-IL-Chicago-Chase Tower Chicago / 10468 Organization  COMMERCIAL BANK Schedule  Full-time Job Type  Standard Shift  Day Job Travel  No Corporate Brand  Chase