Senior Tax Credit Equity Asset Manager

Asset Manager

Asset manager function will support various tax credit equity investments (e.g., LIHTC (Low Income Housing Tax Credit, HTC (Historic Tax Credit), NMTC (New Markets Tax Credit), and RETCs (Renewable Energy Tax Credit).

Position will work with the tax credits investment team to primarily : (1) order third-party reports (e.g., market study) required for underwriting of prospective investments; (2) maintain / track prospective investment due diligence list; (3) represent M&T on investment closing calls relating to status of required items on due diligence list; (4) track any required post-approval / pre-closing modification approval requirements; (5) track progress during a project's construction phase, including interfacing with the Bank's construction monitoring department; (6) ensure all required third-party reports (e.g., cost certification) are complete after a project's construction phase; and (7) prepare an investment package for each investment for hand-off to the Tax Credit Equity Asset Managers handling post-stabilization asset management.

Primary Responsibilities

Origination of New Investments

• Track, compile, and organize appropriate due diligence materials (e.g., market studies, cash flow proformas, investment summaries, economic benefit schedules, sponsor financial statements).
• Attend investment pre-closing calls, taking the lead in representing M&T as it relates to the due diligence list.
• Interface with appropriate internal departments relative to having profitability models run on each prospective investment.
• Ensure any required pre-closing modification memos have been properly approved prior to closing.
• Closing of new investments (once formal bank approval has been obtained)
• Aid Relationship Manager in sending appropriate documentation to the Bank's legal counsel.
• Review, from a financial perspective, draft funding / contribution, and Operating Agreements.
• Coordinate distribution of required documents to internal Bank stakeholders (e.g., Tax Credit Operations, Accounting Policy Dept., Counsel's Office, Corporate Tax Dept., CRA Dept.).
• Coordinate with the Tax Credit Operations Manager regarding documentation and data required for closing / commitment approval.
• Ensure all insurance requirements are in place, in accordance with established underwriting guidelines, policies, and procedures.

Portfolio Maintenance Through Project Stabilization

Scope of Responsibilities

Community Banking includes :

Supervisory / Managerial Responsibilities

Input into the development of and training of junior / newly hired team members.

Education and Experience Required

Education and Experience Preferred

Sound experience showing fast response time, consistency, and success.

Strong stakeholder management skills.

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $100,611.94 - $167,686.57 Annual (USD). The successful candidate's particular combination of knowledge, skills, and experience will inform their specific compensation.

Buffalo, New York, United States of America