New Market Tax Credits Impact Investment Officer  

Reports to: SVP & Director of NMTC  

About TruFund Financial Services, Inc. 

TruFund a Community Development Financial Institution (“CDFI”) was established in 2005 as a national nonprofit organization that advances economic opportunity for people, businesses, and communities in need.  As a nonprofit, mission-driven entity, with offices in New York City; New Orleans and Baton Rouge, Louisiana; Birmingham, Alabama and Houston and Dallas, Texas TruFund offers affordable loan capital to small businesses and nonprofit organizations that are financially viable but have difficulty accessing capital from banks or other conventional lenders.    

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 Impact Investment Officer will assist in the oversight of our existing $350 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 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 Impact Investment Officer will be responsible for identifying, underwriting, evaluating, and managing a pipeline of NMTC financing opportunities with a focus on long term project and developer success.  

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

Education And Related Work Experience 

  • 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. 
  • Formally credit trained or proven ability to underwrite and manage debt or equity structures.  
  • Minimum of 5 years in commercial banking, equity investment, commercial real estate, corporate banking, community development or social impact investing  
  • Management experience desired 
  • Familiarity with and/or experience underwriting residential and affordable housing transactions including LIHTC and NMTC structures a plus.  
  • 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: $100,000-125,000


The statements herein are intended to describe the general nature and level of work being performed by the employee in this position. These statements are not intended to be construed as an exhaustive list of all responsibilities, duties, and skills required of a person in this position. The position will be subject to ad hoc request as needed.
TruFund Financial Services is proud to be an Equal Opportunity and E-Verify Employer