Senior Tax Credit Equity Asset Manager, Hybrid at M&T Bank

Boston, Massachusetts, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Real Estate, Tax Credit InvestmentsIndustries

Requirements

Full time employment
Experience with tax credit equity investments (LIHTC, HTC, NMTC, RETCs)
Ability to order third-party reports (e.g., market studies)
Ability to track prospective investment due diligence lists
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 third-party reports after construction
Ability to prepare investment packages
Financial analysis skills
Coordination skills
Knowledge of tax credit operations
Knowledge of underwriting guidelines, policies, and procedures
Compliance/operational risk controls knowledge
Ability to adhere 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
Ensure pre-closing modification memos are approved
Aid Relationship Manager in sending documentation to legal counsel
Review draft funding/contribution, and Operating Agreements
Coordinate distribution of documents to internal stakeholders
Coordinate with Tax Credit Operations Manager regarding closing documentation
Ensure insurance requirements are in place
Ensure and track construction monitoring and environmental review requirements
Ensure receipt and review of post-construction third-party reports and tax forms
Work to ensure initial tenant files are inspected
Prepare interim investment update memos
Review and approve site inspection overviews
Work with Relationship Managers to collect and review pre-conversion-to-permanent 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

Key technologies and capabilities for this role

LIHTCHTCNMTCRETCDue DiligenceMarket StudiesCash Flow ProformasInvestment UnderwritingConstruction MonitoringCost CertificationFinancial ReviewOperating Agreements

Questions & Answers

Common questions about this position

Is this position remote or hybrid?

This is a hybrid position.

What is the salary range for this role?

This information is not specified in the job description.

What are the main responsibilities of this role?

The role involves tracking and organizing due diligence materials, representing M&T on pre-closing calls, interfacing with internal departments, ensuring post-construction reports are complete, and preparing investment packages for hand-off.

What types of tax credit investments does this role support?

The role supports various tax credit equity investments including LIHTC (Low Income Housing Tax Credit), HTC (Historic Tax Credit), NMTC (New Markets Tax Credit), and RETCs (Renewable Energy Tax Credit).

What experience is needed to succeed in this position?

Strong candidates will have experience in tax credit equity investments, due diligence processes, financial review of agreements, and coordination with internal bank departments like Tax Credit Operations, Accounting, and Legal.

Does this role involve working with internal teams?

Yes, the position requires interfacing with various internal stakeholders and departments such as the Bank’s construction monitoring department, Tax Credit Operations, Accounting Policy Dept., Counsel’s Office, and Corporate Tax Dept.

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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