Senior Tax Credit Equity Asset Manager at M&T Bank

Baltimore, Maryland, United States

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Not SpecifiedCompensation

N/AExperience Level

N/AJob Type

Not SpecifiedVisa

N/AIndustries

Requirements

Full time employment
Experience with tax credit equity investments (LIHTC, HTC, NMTC, RETCs)
Ability to order and track third-party reports
Ability to represent M&T on investment closing calls
Ability to track modification approval requirements
Ability to track project progress during construction
Ability to ensure completion of post-construction reports
Ability to prepare investment packages
Knowledge of due diligence materials (market studies, cash flow proformas, etc.)
Financial review of agreements (funding/contribution, Operating Agreements)
Understanding of insurance requirements
Familiarity with compliance/operational risk controls
Commitment to diversity and inclusion
Adherence to internal control standards

Responsibilities

Originate new tax credit investments
Track, compile, and organize due diligence materials
Attend investment pre-closing calls
Interface with internal departments
Aid Relationship Manager in sending documentation to legal counsel
Coordinate distribution of documents to internal stakeholders
Coordinate with Tax Credit Operations Manager regarding documentation
Ensure insurance requirements are in place
Ensure and track required construction monitoring and environmental review
Ensure receipt and review of post-construction reports and tax forms
Work to ensure inspection of tenant files
Prepare interim investment update memos
Review and approve site inspection overviews
Work with Relationship Managers to collect and review pre-conversion financial data
Adhere to compliance/operational risk controls
Promote a diverse and inclusive environment
Maintain M&T internal control standards
Complete other related duties as assigned

Skills

M&T Bank

Full-service banking for individuals and businesses

About M&T Bank

M&T Bank provides a variety of banking services to individuals, small businesses, and larger companies. Their offerings include mortgage assistance, personal and business checking accounts, and mobile banking options. The bank primarily operates in the Northeastern and Mid-Atlantic regions of the United States, emphasizing community engagement and a focus on customer service. M&T Bank's business model is based on traditional banking practices, such as loans, deposits, and investment products, and it generates revenue through interest income and service fees. A key aspect that sets M&T Bank apart from its competitors is its commitment to community involvement, which includes allowing employees to volunteer and supporting local organizations. The recent merger with United Bank, N.A. has further expanded their services and market presence.

Buffalo, New YorkHeadquarters

1993Year Founded

IPOCompany Stage

Financial ServicesIndustries

10,001+Employees

Risks

Competition from fintechs could erode M&T Bank's market share among tech-savvy customers.

Integration challenges from the United Bank merger may disrupt operations.

Decreased prime rate could reduce interest income, impacting profitability.

Differentiation

M&T Bank emphasizes community engagement through its charitable foundation and volunteer programs.

The bank offers a wide range of traditional and digital banking services.

Recent merger with United Bank, N.A. expands M&T's market reach and service offerings.

Upsides

M&T Bank's $1.5 billion senior notes offering strengthens its financial position.

Decreased prime rate may attract more borrowers, increasing loan volume.

Shannon Lazare's appointment as New Jersey Regional President enhances local community engagement.

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