Accounting Manager - Tax Credit Services

Nelnet•Lincoln, NE

12d•$105,000 - $110,000•Onsite

About The Position

Nelnet is a diversified company focused on enriching lives through service. As a student loan servicer, professional services company, consumer loan originator and servicer, payments processor, renewable energy solutions provider, and K-12 and higher education expert, Nelnet has been serving its customers, associates, and communities for over 40 years. The company fosters a supportive community where individual success is prioritized, united by a mission to create opportunities for people in their lives, learning, and work. Nelnet is a nationally recognized solar tax credit investor, managing investments for its own balance sheet and for others. The Nelnet Tax Credit Services (NTCS) division earns advisory and consulting fees for its services to solar developers. Nelnet also engages in co-development and co-ownership of select solar projects to secure long-term cash flows. This role is crucial for the financial management and reporting of NTCS operations and investments. Key responsibilities include assisting with tax credit compliance and oversight, facilitating investor relations and reporting, managing project budgeting and forecasting, handling tax credit allocation and documentation, implementing internal controls and process improvements/automation, collaborating with stakeholders, developing standard operating procedures, creating reporting dashboards, managing risk, and supporting team training and leadership.

Requirements

4 year college degree in accounting or finance required
5+ years of experience in finance and/or accounting
Prior leadership and supervisory experience required
In-depth knowledge of financial, accounting, treasury and capital market activities.
Strong HLBV accounting knowledge
Excellent interpersonal, communication and presentation skills
Demonstrated ability to manage multiple priorities while leading team members and working across the organization with colleagues to achieve results
Strong analytical and problem solving skills, with ability to achieve goals
Decision Making and Critical Thinking
Demonstrated aptitude for evaluating and implementing automation and new technologies
Planning: Tactical, Strategic, Analytical
Desire to continually learn in an every-changing environment
Innovative to work within a regulated framework to create win/wins and value creation
Team Management and Team Building

Nice To Haves

Advanced degree and related certifications preferred
Tax experience is preferred

Responsibilities

Ensure the propriety of accounting entries related to the financial reporting of tax credit investment portfolios, ensuring compliance with GAAP.
Manage the accounting and financial statements for multiple legal entities, including intercompany transactions, minority interests, revenue recognition, and HLBV accounting.
Track and report on investment performance (ROI, IRR, NPV, etc.).
Coordinate and oversee financial statement audits and internal controls, ensuring the accuracy and integrity of financial data related to tax credit investments.
Identify areas for process improvements in managing tax credit projects and investor reporting.
Assist team members with tax credit compliance and oversight of projects, ensuring adherence to program-specific rules, maintaining eligibility for tax credits, meeting deadlines, and proper documentation.
Work closely with other team members, legal, and tax advisors to ensure proper structuring of investment and tax credit claims.
Prepare investor reports, ensuring timely and accurate updates on tax credit investments, including performance, projected returns, and compliance status.
Manage communication with investors, providing insights into the financial health and progress of their investments.
Coordinate the distribution of tax credits to investors, including all tax-related reporting and other disclosures.
Assist with the review of models and other constructs to develop new, innovative products within the tax credit investment space.
Present summaries of new ideas, balancing risks and opportunities.
Analyze financial scenarios of various opportunities and business models.
Manage the budgeting, accounting, and financial reporting related to the operations of the NTCS division, including consulting fee revenue, advisory fee revenue, project ownership, investment performance, and all related operating expenses.
Coordinate with external auditors, solar development partners, third-party investors, tax consultants, legal advisors, and internal teams to facilitate tax credit reporting and compliance.
Collaborate with accounting, finance, and project teams to ensure seamless execution of investment strategies.
Prepare and review cashflow and income statement forecasting.
Report historical results and future projections in a meaningful way, focusing on optimizing the business through key performance indicators, structural efficiencies, dashboards, and financial acumen.
Identify potential risks related to tax credit investments and develop strategies to mitigate these risks.
Ensure all financial operations and transactions are legally compliant and consistent with investor agreements.
Lead, mentor, and provide guidance to junior accounting and finance staff within NTCS.
Stay updated on changes in GAAP provisions related to HLBV, VIE, proportional amortization, and minority interest accounting to ensure company investments remain compliant.