New Markets Tax Credit (NMTC) Manager
Capital Impact, Arlington, VA, United States
About the Organization
The Momentus Capital branded family of organizations - which includes Capital Impact Partners, CDC Small Business Finance and Momentus Securities (an SEC-registered broker-dealer, MSRB-registered municipal advisor, a FINRA-approved municipal advisor and municipal securities broker-dealer, FINRA/SIPC member) are transforming how capital and investments flow into communities to provide people access to the capital and opportunities they deserve.
We are working to reinvent traditional financial systems and advance locally-led solutions that create economic mobility and generational wealth. Through our continuum of financial, knowledge, and social capital, we offer a comprehensive package of loan products, impact investment opportunities, training and business advising programs, and technology solutions.
Our holistic and streamlined approach offers comprehensive solutions for small business entrepreneurs, real estate developers, community-based organizations, and local leaders at every stage of growth, from inception to expansion. When these leaders have the opportunity to succeed, their communities, their residents – and our country – thrive.
Position Summary Momentus Capital seeks a New Markets Tax Credit (NMTC) Manager to strengthen its Lending Operations team. The role will be primarily responsible for investor distributions, CDE and Sub-CDE compliance, AMIS/TLR/ILR reporting oversight, exit execution, post-closing cash movement, and operational stewardship of Capital Impact’s NMTC and subsidiary funds. The position serves as the internal subject matter expert, translating NMTC legal structures, allocation requirements, and investor agreements into repeatable operational processes. The NMTC Manager collaborates closely with Originations, Portfolio, Treasury, Loan Servicing, Accounting, Closing, Legal, Ariel Ventures, and outside counsel to ensure structural integrity, treasury compliance, accurate reporting, and disciplined lifecycle management from closing through unwind.
The NMTC Manager will report to the Senior Director of Lending Operations.
Essential Responsibilities
Serve as the internal operational subject matter expert for NMTC structures and compliance requirements.
Translate allocation agreements, investor operating agreements, and executed loan documents into repeatable operational workflows.
Design and maintain cash schedules, reporting calendars, compliance ticklers, and exit trackers.
Strengthen internal controls, reporting accuracy, and structural consistency across the NMTC lifecycle.
Identify and implement process and system improvements.
Deals and Loan Onboarding
Lead the operational transition of NMTC transactions from closing through the credit period.
Participate in closing calls as the NMTC operations representative.
Review forecasts and flow of funds for structural alignment with executed documents.
Validate system setup prior to first disbursement.
Coordinate investor onboarding and related bank account setup.
Ensure transactions are accurately established in the system of record before servicing begins.
Compliance Management
Own coordination and oversight of CDE-level and Sub-CDE reporting, including AMIS, TLR, ILR, certifications, audits, and tax filings.
Extract operational and reporting requirements from allocation agreements and investor documents.
Monitor substantially all tests, Safe Harbor considerations, and other compliance thresholds.
Escalate recapture and reporting risk indicators in accordance with internal protocols.
Maintain CDE and Sub-CDE good standing and disciplined reporting timelines.
Cash Distributions and Fund Management
Develop, maintain, and reconcile investor cash distribution schedules.
Calculate and validate investor remittances, fee allocations, and waterfall payments.
Convert legal distribution requirements into repeatable operational processes.
Coordinate with Accounting and Treasury to confirm payment timing prior to distributions.
Resolve remittance discrepancies and structural variances.
Respond to investor, accounting, and audit inquiries related to CDE cash flows.
Ensure treasury compliance across all NMTC-related cash movements.
Exits
Serve as the internal operational lead for NMTC exits and unwinds.
Coordinate reconciliation, payoff verification, flow-of-funds sequencing, and document execution.
Initiate structured exit planning based on maturity timelines.
Prepare CDE-level reconciliations and validate unwind documentation.
Ensure accurate final reporting and orderly wind-down of CDE entities while mitigating recapture and distribution risk.
Qualifications
Bachelor’s degree in Business, Finance or Accounting preferred or sufficient equivalent work experience
Experience with NMTC Fund structure, exits, cash schedules, and compliance reporting
3+ years of NMTC/Fund experience
A minimum of 5-7 years of experience working in a commercial bank or related industry
Fundamental working knowledge of business concepts, practices, and procedures with the ability to apply in varied situations
Experience with developing detailed schedules, including tasks, accountability, and deadlinesCandidates should have strong oral and written communication skills
Candidate should be very organized and very detail-oriented
Proficient in Microsoft Word, Excel, G-Suite, and AMIS
Willingness to learn and use in-house software systems, such as Salesforce, Power BI
Compensation The salary range for this position is $85,869 - $139,771 and may be eligible for an annual discretionary incentive.
Structure A-
$85,896 - $114,671 All locations except structures B & C
Structure B - $95,440 - $127,412 Washington D.C, Maryland, Virginia (DMV), non-Bay Area CA markets, and Massachusetts
Structure C-
$104,697 - $139,771 New York, New Jersey, and the Bay Area
This role is eligible to work remotely
All employees must be legally authorized to work in the United States. The Company will not sponsor applicants for work visas.
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We are working to reinvent traditional financial systems and advance locally-led solutions that create economic mobility and generational wealth. Through our continuum of financial, knowledge, and social capital, we offer a comprehensive package of loan products, impact investment opportunities, training and business advising programs, and technology solutions.
Our holistic and streamlined approach offers comprehensive solutions for small business entrepreneurs, real estate developers, community-based organizations, and local leaders at every stage of growth, from inception to expansion. When these leaders have the opportunity to succeed, their communities, their residents – and our country – thrive.
Position Summary Momentus Capital seeks a New Markets Tax Credit (NMTC) Manager to strengthen its Lending Operations team. The role will be primarily responsible for investor distributions, CDE and Sub-CDE compliance, AMIS/TLR/ILR reporting oversight, exit execution, post-closing cash movement, and operational stewardship of Capital Impact’s NMTC and subsidiary funds. The position serves as the internal subject matter expert, translating NMTC legal structures, allocation requirements, and investor agreements into repeatable operational processes. The NMTC Manager collaborates closely with Originations, Portfolio, Treasury, Loan Servicing, Accounting, Closing, Legal, Ariel Ventures, and outside counsel to ensure structural integrity, treasury compliance, accurate reporting, and disciplined lifecycle management from closing through unwind.
The NMTC Manager will report to the Senior Director of Lending Operations.
Essential Responsibilities
Serve as the internal operational subject matter expert for NMTC structures and compliance requirements.
Translate allocation agreements, investor operating agreements, and executed loan documents into repeatable operational workflows.
Design and maintain cash schedules, reporting calendars, compliance ticklers, and exit trackers.
Strengthen internal controls, reporting accuracy, and structural consistency across the NMTC lifecycle.
Identify and implement process and system improvements.
Deals and Loan Onboarding
Lead the operational transition of NMTC transactions from closing through the credit period.
Participate in closing calls as the NMTC operations representative.
Review forecasts and flow of funds for structural alignment with executed documents.
Validate system setup prior to first disbursement.
Coordinate investor onboarding and related bank account setup.
Ensure transactions are accurately established in the system of record before servicing begins.
Compliance Management
Own coordination and oversight of CDE-level and Sub-CDE reporting, including AMIS, TLR, ILR, certifications, audits, and tax filings.
Extract operational and reporting requirements from allocation agreements and investor documents.
Monitor substantially all tests, Safe Harbor considerations, and other compliance thresholds.
Escalate recapture and reporting risk indicators in accordance with internal protocols.
Maintain CDE and Sub-CDE good standing and disciplined reporting timelines.
Cash Distributions and Fund Management
Develop, maintain, and reconcile investor cash distribution schedules.
Calculate and validate investor remittances, fee allocations, and waterfall payments.
Convert legal distribution requirements into repeatable operational processes.
Coordinate with Accounting and Treasury to confirm payment timing prior to distributions.
Resolve remittance discrepancies and structural variances.
Respond to investor, accounting, and audit inquiries related to CDE cash flows.
Ensure treasury compliance across all NMTC-related cash movements.
Exits
Serve as the internal operational lead for NMTC exits and unwinds.
Coordinate reconciliation, payoff verification, flow-of-funds sequencing, and document execution.
Initiate structured exit planning based on maturity timelines.
Prepare CDE-level reconciliations and validate unwind documentation.
Ensure accurate final reporting and orderly wind-down of CDE entities while mitigating recapture and distribution risk.
Qualifications
Bachelor’s degree in Business, Finance or Accounting preferred or sufficient equivalent work experience
Experience with NMTC Fund structure, exits, cash schedules, and compliance reporting
3+ years of NMTC/Fund experience
A minimum of 5-7 years of experience working in a commercial bank or related industry
Fundamental working knowledge of business concepts, practices, and procedures with the ability to apply in varied situations
Experience with developing detailed schedules, including tasks, accountability, and deadlinesCandidates should have strong oral and written communication skills
Candidate should be very organized and very detail-oriented
Proficient in Microsoft Word, Excel, G-Suite, and AMIS
Willingness to learn and use in-house software systems, such as Salesforce, Power BI
Compensation The salary range for this position is $85,869 - $139,771 and may be eligible for an annual discretionary incentive.
Structure A-
$85,896 - $114,671 All locations except structures B & C
Structure B - $95,440 - $127,412 Washington D.C, Maryland, Virginia (DMV), non-Bay Area CA markets, and Massachusetts
Structure C-
$104,697 - $139,771 New York, New Jersey, and the Bay Area
This role is eligible to work remotely
All employees must be legally authorized to work in the United States. The Company will not sponsor applicants for work visas.
#J-18808-Ljbffr