New Markets Tax Credit (NMTC) Manager
About The Position
Momentus Capital seeks a New Markets Tax Credit (NMTC) Manager to strengthen its Lending Operations team. The role will be primarily responsible for investor distributions, CDE and Sub-CDE compliance, AMIS/TLR/ILR reporting oversight, exit execution, post-closing cash movement, and operational stewardship of Capital Impact’s NMTC and subsidiary funds. The position serves as the internal subject matter expert, translating NMTC legal structures, allocation requirements, and investor agreements into repeatable operational processes. The NMTC Manager collaborates closely with Originations, Portfolio, Treasury, Loan Servicing, Accounting, Closing, Legal, Ariel Ventures, and outside counsel to ensure structural integrity, treasury compliance, accurate reporting, and disciplined lifecycle management from closing through unwind. The NMTC Manager will report to the Senior Director of Lending Operations.
Requirements
- Bachelor’s degree in Business, Finance or Accounting preferred or sufficient equivalent work experience
- Experience with NMTC Fund structure, exits, cash schedules, and compliance reporting
- 3+ years of NMTC/Fund experience
- A minimum of 5-7 years of experience working in a commercial bank or related industry
- Fundamental working knowledge of business concepts, practices, and procedures with the ability to apply in varied situations
- Experience with developing detailed schedules, including tasks, accountability, and deadlines
- Candidates should have strong oral and written communication skills
- Candidate should be very organized and very detail-oriented
- Proficient in Microsoft Word, Excel, G-Suite, and AMIS
- Willingness to learn and use in-house software systems, such as Salesforce, Power BI
- All employees must be legally authorized to work in the United States. The Company will not sponsor applicants for work visas.
Responsibilities
- Serve as the internal operational subject matter expert for NMTC structures and compliance requirements.
- Translate allocation agreements, investor operating agreements, and executed loan documents into repeatable operational workflows.
- Design and maintain cash schedules, reporting calendars, compliance ticklers, and exit trackers.
- Strengthen internal controls, reporting accuracy, and structural consistency across the NMTC lifecycle.
- Identify and implement process and system improvements.
- Lead the operational transition of NMTC transactions from closing through the credit period.
- Participate in closing calls as the NMTC operations representative.
- Review forecasts and flow of funds for structural alignment with executed documents.
- Validate system setup prior to first disbursement.
- Coordinate investor onboarding and related bank account setup.
- Ensure transactions are accurately established in the system of record before servicing begins.
- Own coordination and oversight of CDE-level and Sub-CDE reporting, including AMIS, TLR, ILR, certifications, audits, and tax filings.
- Extract operational and reporting requirements from allocation agreements and investor documents.
- Monitor substantially all tests, Safe Harbor considerations, and other compliance thresholds.
- Escalate recapture and reporting risk indicators in accordance with internal protocols.
- Maintain CDE and Sub-CDE good standing and disciplined reporting timelines.
- Develop, maintain, and reconcile investor cash distribution schedules.
- Calculate and validate investor remittances, fee allocations, and waterfall payments.
- Convert legal distribution requirements into repeatable operational processes.
- Coordinate with Accounting and Treasury to confirm payment timing prior to distributions.
- Resolve remittance discrepancies and structural variances.
- Respond to investor, accounting, and audit inquiries related to CDE cash flows.
- Ensure treasury compliance across all NMTC-related cash movements.
- Serve as the internal operational lead for NMTC exits and unwinds.
- Coordinate reconciliation, payoff verification, flow-of-funds sequencing, and document execution.
- Initiate structured exit planning based on maturity timelines.
- Prepare CDE-level reconciliations and validate unwind documentation.
- Ensure accurate final reporting and orderly wind-down of CDE entities while mitigating recapture and distribution risk.
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What This Job Offers
Job Type
Full-time
Career Level
Manager
Number of Employees
11-50 employees
