Senior Asset Manager - Truist Community Capital - New Markets Tax Credit

**The position is described below. If you want to apply, click the Apply Now button at the top or bottom of this page. After you click Apply Now and complete your application, you'll be invited to create a profile, which will let you see your application status and any communications. If you already have a profile with us, you can log in to check status.** Need Help? (https://www.brainshark.com/bbandt/careers-site-faq) _If you have a disability and need assistance with the application, you can request a reasonable accommodation. Send an email to Accessibility (careers@truist.com?subject=Accommodation%20request)_ _(accommodation requests only; other inquiries won't receive a response)._ **Regular or Temporary:** Regular **Language Fluency:** English (Required) **Work Shift:** 1st shift (United States of America) **Please review the following job description:** Responsible for monitoring and reporting on a portfolio of equity investments on projects utilizing New Markets Tax Credits (NMTC) that drive critical CRA results. Investments economically benefit and revitalize communities throughout the Truist footprint by creating or preserving new jobs and bringing new goods and services to underserved areas. Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time. + Manage the condition and performance of Truist Community Capital’s NMTC investments to ensure ongoing compliance with Bank credit terms, external stakeholder and IRS requirements. The assigned portfolio is typically comprised of complex investments with large portfolio exposures. + Assist with the new investment closing process by updating and approving the Reverse Flow of Funds Financial projections; coordinating with other Community Development Entities (CDEs) to modify as needed. + Work with Clients, CDEs and Servicers to capture necessary data points on the investment portfolio, while ensuring reporting to the Department of Treasury is filed timely and accurately. + Serve as a subject matter expert to ensure NMTC program compliance requirements with Truist’s CDE are maintained, while proactively resolving any challenges. + Perform in-person property inspections to assess the community impacts of projects within the portfolio. + Coordinate with internal partners to facilitate the unwind of NMTC investments at the end of the compliance period. + Perform portfolio asset management activities such as collecting and reviewing reporting and working with partners to field information gathering requests. + Review annual Tax Returns for NMTC investments, and coordinate the annual audited financial statement preparation for Truist’s CDE + Promote sound risk management as the first line of defense by ensuring compliance with Bank policies for credit, underwriting, operational, regulatory, tax, legal procedures and policies. + Build and maintain strong internal and external working partnerships across multiple lines including: Relationship Management, Credit Risk, Portfolio Management, Wholesale Ops, CRE – Loan Admin, Controller’s, along with Clients and external service providers. + Keep abreast of developments and current compliance regulations in the industry, while serving as a skilled resource into firsthand insight and trends. **Required Qualifications:** The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. + Bachelor's degree in Business, Finance or related field, and specific knowledge/experience with supporting educational background, or equivalent education and related training + 8-10 years of related experience + Knowledge or experience in strategic planning/projects/process management + Strong analytical problem-solving skills + Effective interpersonal and communication skills + Proven negotiating skills + Knowledge of accounting, financial, operational, regulatory and information technology systems + Demonstrated proficiency in basic computer applications, such as Microsoft Office software products. **Preferred Qualifications:** + Background working within the NMTC industry + Certified Public Accountant (CPA) \#Atlanta #Charlotte #Orlando #Miami **General Description of Available Benefits for Eligible Employees of Truist Financial Corporation:** All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site (https://benefits.truist.com/) . Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work. **_Truist supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. Truist is a Drug Free Workplace._** EEO is the Law (https://www.eeoc.gov/sites/default/files/2022-10/EEOC\_KnowYourRights\_screen\_reader\_10\_20.pdf) Pay Transparency Nondiscrimination Provision (https://www.dol.gov/sites/dolgov/files/OFCCP/pdf/pay-transp\_%20English\_formattedESQA508c.pdf) E-Verify (https://e-verify.uscis.gov/web/media/resourcesContents/E-Verify\_Participation\_Poster\_ES.pdf)