Compliance Analyst

Company: Arkansas Capital Corporation

Location: Little Rock, AR

Job Function: Other


Arkansas Capital Corporation is a different kind of financial firm. In 1957, business leaders across Arkansas joined host Winthrop Rockefeller at a backyard BBQ to discuss how they could expand economic opportunity to address poverty in a state that included some of the poorest areas of the United States. Out of that event, we were formed as a private nonprofit corporation to be an agent of positive economic change for the communities we serve.

As a nonprofit Community Development Financial Institution, we have a 66-year track record of working with communities and people that are underserved and under resourced to ensure they have access to the financial resources they need to create economic opportunities within their communities. We do this by partnering with the community and being a source of creative financing to help local businesses grow at every stage of their development.

Out of that backyard BBQ, Arkansas Capital Corporation was created to have a mission-driven mindset and a can-do attitude which is reflected in our history of hiring talented professionals and enabling them to understand the vision and add their talents to ensure the vision comes to fruition. As a result, we have invested over $1 Billion into underserved communities – making a real difference. This investment has led to positive changes in the communities we serve that include job creation; access to community goods and services, such as educational facilities; and access to commercial goods and services, such as grocery stores in food deserts.

At Arkansas Capital Corporation, we understand that to enable the change in communities our people and our reputation are our biggest assets. We are entrepreneurially minded and believe in creating a work environment where our employees feel supported, valued, and can achieve their potential. We bring the best and the brightest talent together with a standout culture, a highly autonomous yet collaborative environment, and outstanding benefits.


ACC is seeking a Compliance Analyst to provide support for its subsidiary, Heartland Renaissance Fund (HRF), a Certified Development Entity that has received $425M of the CDFI Fund’s New Markets Tax Credits (NMTC) since 2003. HRF provides flexible, below-market rate financing to projects focusing on creating quality jobs and catalytic economic growth in distressed communities. This position will work closely with the HRF Vice President to advance the NMTC lending activities and to support borrowers to ensure compliance with CDFI Fund program requirements.



Pipeline Development, Loan Servicing and Portfolio Management

  • Assist with the collection and management of loan intake forms and required due diligence items.
  • Assist with NMTC Loan servicing, including interest, fee and tax payments, and in coordination with Finance Team, process loan payments and distributions.
  • Assist with preparation of risk ratings for the NTMC portfolio.
  • Facilitate project site visits.
  • Assists with the preparation of investment memos and presentations for internal Loan Committee, Advisory Board and Governing Board.
  • Assists with the opening of all required bank accounts.
  • Maintain loan files on all projects.


Compliance and Reporting

  • Collects compliance reporting from Sponsors/Borrowers to ensure reporting is completed on time and in accordance with all reporting requirements.
  • Assist in preparing the organization’s annual NMTC and CDFI-FA reporting submission to the CDFI Fund.
  • Assist with accounting and financial reporting, including preparation of work papers for annual financial audits and tax filings for auditors, and financial and related reports to investors.
  • Supports preparation of annual reporting to AERIS, Opportunity Finance Network, CDFI and NTMC Coalitions.
  • Collect and enter annual community impact reporting for each project for the CDFI-FA and NMTC programs.


This list of duties and responsibilities is not intended to be all-inclusive and may be expanded to include other duties or responsibilities that management may deem necessary from time to time.


Strong project management skills, attention to detail, and the ability to manage multiple assignments and meet deadlines.

Self-starter experienced in demonstrating a high level of aptitude for customer service and problem solving.

Excellent communication skills, both written and verbal, and a passion for our mission.

Strong computer skills with proficiency in Excel.


Bachelor’s degree (B.A. or B.S.) from four-year college or university and two (2) years of related experience and/or training.


Ability to read, analyze, and interpret common financial reports, and legal documents.  Ability to respond to common inquiries or complaints from customers, regulatory agencies, or members of the business community.  Ability to effectively present information to top management, public groups, and/or boards of directors.


Ability to calculate figures and amounts such as interest, proportions and percentages.  Ability to apply concepts of basic algebra.


Ability to define problems, collect data, establish facts, and draw valid conclusions.


None required.


Regular contacts with CEO, President, Vice President Compliance, Vice President of Community Development, Accounting/Bookkeeping, Technical Support and with other departments as needed.


Regular contacts with Borrowers, Bankers, Attorneys, CPAs, and other outside representatives as needed.


Must be proficient in the use of a personal computer, calculator, copier, and other standard office equipment.


Ability to utilize both internal and external resources to obtain information and data necessary to carry out routine assignments and special projects. Must have ability to establish and maintain effective working relationships with management and staff.


The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions and expectations.

While performing the functions of this job, the employee is regularly required to talk or hear.  The employee frequently is required to stand, walk and sit.  The employee must occasionally lift and/or move up to 10 pounds.  Specific vision abilities required by this job include close vision.


The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually quiet.

Compensation and Benefits

ACC offers a competitive salary and benefits package with generous leave time. Our competitive benefits include health, dental, vision, short- and long-term disability insurance. We also sponsor a 401(k) with a company contribution of up to 10%, and an employee match is not required. We understand employees have a need for a work life balance and we offer generous vacation leave and eleven paid holidays.

How to Apply

Applicants can submit a resume and cover letter to: