About TruFund Financial Services, Inc.

TruFund Financial Services, Inc. (TruFund) is a national Community Development Financial Institution (CDFI) with offices in New York City; New Orleans and Baton Rouge, Louisiana; Atlanta, Georgia; Houston and Dallas, Texas; and Birmingham, Alabama. Established in 2005, TruFund is a nonprofit organization dedicated to expanding access to capital and business support services for entrepreneurs who face systemic barriers to traditional financing. Through strategic investments and tailored technical assistance, TruFund fosters the growth of resilient small businesses and cultivates vibrant local economies across the communities it serves.

TruFund’s New Markets Tax Credit program is part of the portfolio of products and services that TruFund offers to enable access to private investment in distressed communities. The program is designed to connect community-owned businesses with private capital to enable community economic development and wealth creation in underserved communities.

We are seeking a financially skilled impact investment professional to help screen, evaluate, and underwrite NMTC investments. Under the direction of the SVP, the VP\NMTC Impact Investment Officer will assist in the oversight of our existing $430 million portfolio of structured NMTC tax credit investments, which includes asset management, compliance, accounting, as well as impact monitoring and reporting, and the development and creation of new programs.

Position Summary:

Under the direction of the SVP & Director of New Market Tax Credits the VP\NMTC Impact Investment Officer will support TruFund’s community development and revitalization efforts with a particular focus on structuring and closing investments that use tax credit incentives as a means of financing projects in underserved communities. By partnering with investors, Community Development Entities (CDEs), and other financial institutions, the NMTC Impact Investment Officer will be responsible for identifying, underwriting, evaluating, and managing a pipeline of NMTC financing opportunities with a focus on long term projects and developer success.

We seek an individual with the ability to work productively in a remote work environment. Some Travel required.

Primary Job Functions

· Underwrite credit and/or equity investment memos and present to Executive Leadership, The Investment Committee of our Board of Directors for credit review and approval.

· Manage legal counsel relationships and other third-party experts in the exploration of critical transaction issues.

· Manage relationships with investees and/or borrowers.

· Manage NMTC compliance and reporting.

· Provide ongoing analysis and reporting on fund and investees’ and/or borrowers’ performance to internal and external partners.

· Represent TruFund in partnership meetings with external funders and stakeholders which may include assessing investment opportunities from CDE’s, QLICB's and/or their representatives.

· Advise TruFund on transaction strategy including due-diligence, deal structuring, managing process to deadlines and all applicable reporting and/or reconciling requirements.

· Support the establishment of the required financial management and reporting infrastructure.

· Monitor and measure the social and financial impacts of the Fund’s impact investment portfolio, as well as disseminate results and learnings to executive leadership while recommending action plans.

· Research national economic, equity, industry, and impact outcomes to ensure best-in-class approaches to existing and potential funds ensuring a competitive product that adds value to our investees and/or borrowers and investors.

Education and Related Work Experience

· 7-10 years NMTC experience, with a working knowledge of commercial real estate, equity investments and community development lending

· Formal credit training or the proven ability to underwrite and manage complex debt or equity structures.

· Familiarity with or experience in underwriting commercial real estate, business loans, healthcare and charter schools a plus

· In-depth knowledge of, and ability to communicate effectively on, the relevant Tax Credit Program, commercial real estate finance, tax and accounting concepts, or partnership law

· Minimum of 7 years in commercial banking, equity investment, commercial real estate, corporate banking, community development or social impact investing

· Management experience desired

· Proven track record in community economic development lending or finance along with strong relationship building skills is preferred.

· Bachelor’s degree required. Master’s in public administration, Management, Business Administration, Finance or Real Estate preferred.

· Strong verbal and written communication and presentation skills required.

· Capacity to work independently and motivation to achieve goals with minimal supervision is required

· Commitment to and experience in impact equity, real estate and or social impact investing

Salary Range: $130,000-150,000 per year + Bonus

As well as a full benefits package that includes health, life, dental and disability insurance, sick leave, 3 weeks’ vacation and 12 paid holidays per year.

Click here to apply.

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