Compliance and New Markets Tax Credit Associate

Company: Self-Help

Location: Durham, NC

Job Function: Lending/Loan Operations


Background

Self-Help Credit Union was chartered in 1983 to build a network of branches that partner with working families and communities often underserved by the financial marketplace. With over $1.64 billion in assets and serving more than 91,000 members in 37 branches – eight in Florida, 22 in North Carolina, six in South Carolina, and one in Virginia – Self-Help Credit Union is one of the fastest-growing community development financial institutions in the country. It is part of the Self-Help family of nonprofit organizations whose collective mission is to create and protect ownership and economic opportunity for all. For over 40 years, the national Center for Community Self-Help and its affiliates have provided more than $10.5 billion in financing to help more than 150,000 borrowers buy homes, start and grow businesses and strengthen community resources.

Summary

Do you want to build bridges between community development funding investors and program teams? Are you an adept problem-solver with skills managing compliance, tracking performance, and investment solicitation? Self-Help Credit Union has a unique opportunity for an Associate in Compliance and New Markets Tax Credit (NMTC) to manage the data and the details, develop systems, and drive efficiency. You will grow your expertise in complex funding streams, produce descriptive reports and proposals, and ensure compliance with a diverse team of collaborators. The position sits in downtown Durham, NC, within a hybrid office model.

Responsibilities

WHAT You’ll Do:

  • Serve as principal point of contact between Self-Help and a selected portfolio of funders and investors.
  • Develop expert understanding of rules and regulations associated with complex funding streams, including the New Market Tax Credit program, and serve as an advisor to lending teams as they navigate program eligibility and rules.
  • Schedule and lead goal review meetings with program teams, as funding proposals are developed and throughout the life cycle of funding agreements.
  • Monitor program activities to ensure compliance with financial covenants and program deliverables; and coordinate problem-solving efforts when compliance and/or performance issues arise.
  • Support the overall data management capacity and infrastructure of the team by gaining mastery over the principal systems used to track and analyze data across all of our programs and initiatives.
  • Prepare and submit proposals – primarily proposals seeking NMTC and other CDFI Fund allocations, debt, and grants.

Requirements

WHAT You’ll Need:

  • Bachelor’s degree or an equivalent combination of education and experience. Master’s degree preferred.
  •  At least 7 years combined educational and work experience in community development, financial services, data services, fundraising, law and/or other related fields.
  • Experience monitoring compliance with complex federal regulations a plus
  • Working knowledge and experience with Salesforce, SharePoint, Teams, Word, Excel, and Power Point a plus.
  • Understanding of databases from an information-user perspective and appreciation for the role data plays in telling the story of our impact.
  • SQL query and report writing & Power BI experience or interest a plus.

Compensation and Benefits

Competitive nonprofit compensation, based on experience, plus a generous benefits package.

How to Apply

Please go to the Self-Help Careers page to apply.