Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.

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Job Description:

At Regions, the Corporate Banking New Markets Tax Credit (NMTC) Portfolio and Asset Manager (PAM) is responsible for all aspects of underwriting, compliance, portfolio management, and accounting related to the NMTC program. This role is responsible for monitoring program compliance of industry partners as well as community impacts generated from projects.

Primary Responsibilities

Prepares underwriting memorandum for new NMTC investments, including coordination with Commercial, Corporate, and CRE partners

Assists in review of pre-closing, closing, and exit documents

Reviews the Flow of Funds (account numbers, fees, etc.); coordinate internally to make sure all accounts are set up and wires processed for closing

Prepares sub-allocation and QEI designation paperwork and makes transfers on the CDFI Fund website

Reviews flexible terms and conditions memorandums

Assists with preparation of documents in connection with the unwind at the end of compliance period, including required safe harbor calculations

Collects QALICB & CDE certifications

Reviews and analyzes financial statements

Maintains current risk ratings for portfolio

Maintains data points for AMIS reporting and lead AMIS and IRS reporting as required

Assists with post-closing portfolio investment issues

Performs semi-annual testing as required by NMTC program

Oversees project and related compliance documentation

Maintains credit allocation within AMIS system

Coordinates collection of annual Advisory Board renewals and certifications regarding low-income community representative status

Maintains satisfactory credit risk standards, risk review assessments, audit results, and compliance results

Remains abreast of industry developments, trends, and competitive data

This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay. 

This position is incentive eligible.

Requirements

Bachelor’s degree in Business, Finance, or related field

Three (3) years of underwriting/asset management experience

Preferences

Tax credit finance experience

Salesforce experience

Skills and Competencies

Ability to multitask, set priorities, and meet deadlines

Excellent organizational and time management skills

Strong analytical skills and problem-solving skills

Strong communication skills, both written and verbal

Proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)

This position may be filled at a higher level depending on the candidate’s qualifications and relevant experience.

Position Type

Full time

Compensation Details

Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.

The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.

Job Range Target:

Minimum:

$75,394.00 USD

Median:

$91,330.00 USD

Incentive Pay Plans:

This role is eligible to participate in a discretionary incentive plan. Employees have the potential to receive a discretionary award based on performance against defined metrics and goals.Opportunity to participate in the Long Term Incentive Plan.

Benefits Information

Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.

Paid Vacation/Sick Time401K with Company MatchMedical, Dental and Vision BenefitsDisability BenefitsHealth Savings AccountFlexible Spending AccountLife InsuranceParental LeaveEmployee Assistance ProgramAssociate Volunteer Program

Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please click or copy the link below to your browser.

https://www.regions.com/welcometour/benefits.rf

Location DetailsAtlanta Midtown

Location:Atlanta, Georgia

Bring Your Whole Self to Work  

   

We have a passion for creating an inclusive environment that promotes and values the differences that make each of us stand out as unique individuals and help provide valuable perspective that makes us a better company and employer. More importantly, we recognize that creating a workplace where everyone, regardless of background, can do their best work and thrive is the right thing to do.

   

OFCCP Disclosure: Equal Opportunity Employer/Disabled/Veterans

Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.