VP, New Market Tax Credits

THE ORGANIZATION: Accion Opportunity Fund (AOF) is an unparalleled financial support system that provides small business owners with access to capital, networks, and coaching. We work to build inclusive and accessible options for these determined business owners. For over 30 years we have deployed over $1 billion in over 35,000 loans and served 4 million business owners with educational resources. Our client base is nearly 90% from underserved communities. AOF is a national participant in the New Markets Tax Credit (NMTC) program. We finance community construction projects across the country in low-income neighborhoods. We have invested $534 million of NMTC tax credits across 44 high impact community projects and we received a record $85 million NMTC award for the 2024-2025 double round. AOF is on a journey to both scale our impact and become financially sustainable. We’re building a better system for underserved small businesses and a workplace where passionate problem-solvers, data-driven thinkers, and small business champions thrive. For more information about us, visit https://aofund.org/ ROLE SUMMARY: Reporting to the Chief Financial and Operating Officer, the Vice President of New Markets Tax Credits (NMTC) is responsible for the strategic direction, development, and execution of Accion Opportunity Fund’s New Markets Tax Credit program. This role leads the evaluation, structuring, and closing of NMTC-financed community facility projects. Oversees asset management, compliance, and reporting for the NMTC portfolio and directs preparation and submission of the annual NMTC allocation application to the CDFI Fund.The Vice President plays a critical role in external relationship management, pipeline development, investor engagement, and organizational strategy related to NMTC deployment and impact.JOB DUTIES AND RESPONSIBILITIES:LendingSource, evaluate, underwrite, and originate NMTC transactions financing the construction or rehabilitation of nonprofit-sponsored community facilitiesSet strategic direction for NMTC deal structuring, risk management, and credit standards in alignment with organizational goals, investor requirements, and regulatory expectationsLead and oversee complex NMTC loan closings, including coordination with borrowers, investors, attorneys, NMTC consultants, accountants, and other transaction partiesReview and approve transaction structures, financial models, and borrower financial analyses, including consideration of real estate risk, construction risk, and NMTC tax and legal structuresReview and approve legal documentation to ensure appropriate risk mitigation, compliance with NMTC and IRS regulations, and alignment with investor requirementsUnderwrite, prepare and present credit memoranda to the Advisory Board and the Governing Board.Cultivate and maintain senior-level relationships with NMTC investors, consultants, developers, and community partners to ensure a robust and sustainable project pipelineNMTC Allocation Application and Program StrategyProvide overall leadership for the preparation, strategy, and submission of the annual NMTC Allocation Application to the CDFI FundSet application strategy, narrative positioning, and impact priorities to maximize competitiveness and alignment with organizational mission Manage data collection, internal coordination, and external consultant support related to the NMTC application processAsset Management, Compliance, and Portfolio OversightProvide executive oversight of NMTC asset management, loan servicing, and compliance activities across the full NMTC portfolioSupervise and develop a team of finance, asset management, and compliance staff responsible for servicing, monitoring, and reportingOversee construction monitoring processes and approval of NMTC project construction drawsMonitor portfolio performance to proactively identify, assess, and mitigate financial, operational, or compliance risksOversee borrower, investor, and regulatory reporting, including financial statements, tax filings, and NMTC compliance submissionsLead the development, refinement, and implementation of NMTC policies, procedures, and internal controls as the program evolvesOversee collection, analysis, and reporting of social impact dataEnsure NMTC impact reporting aligns with organizational impact goals, investor expectations, and external reporting standardsCross-Functional Leadership and Program DevelopmentPartner with IT and other internal teams to maintain and enhance NMTC data systems and reporting toolsOversee NMTC-related marketing, communications, and thought leadership efforts in collaboration with internal stakeholdersLead internal NMTC strategy discussions, team meetings, and cross-functional coordination effortsAbility to oversee multiple closings simultaneouslyRepresent the organization in NMTC industry forums, conferences, and associationsCoordinate with industry partners and associations to advocate for NMTC program enhancements and policy improvementsThis position requires occasional travel for industry conferences and project site visits. MUST HAVES: Minimum of 10 years of relevant professional experience, with significant leadership experience in community development finance, structured finance, or related fieldsMinimum of 10 years of deep expertise in NMTC or comparable complex tax credit, project finance, or structured credit transactionsStrong relationships with investors, consultants, and community lenders or developersDemonstrated experience leading complex financial transactions, including underwriting, structuring, negotiating and closingStrong understanding of real estate finance, legal documentation, and regulatory complianceExperience with commercial real estate and commercial lending including loan participations would be a strong positive;Experience analyzing financial statements and evaluating sophisticated financial modelsProven people management experience, including team leadership, mentoring, and performance managementExceptional organizational, strategic planning, and risk management skillsStrong written and verbal communication skills, including the ability to communicate with investors, regulators, and senior stakeholdersHigh attention to detail with the ability to manage competing priorities and deadlinesProficiency with MS Office and CRM or financial systems (e.g., Salesforce); ability to adopt new technologiesStrong alignment with Accion Opportunity Fund’s mission of advancing economic opportunity in underserved communities NICE TO HAVES: Bachelor’s degree in Finance, Real Estate, or Legal MBA or other relevant graduate degree or professional certificationPERKS AND BENEFITS:Our mission is what motivates us to come to work each day. We know that happy employees are productive employees, which is why we offer a comprehensive benefits package that includes:Competitive salary commensurate with experience.An environment that values work-life balance and monthly remote work reimbursements.100% company-funded Medical, Dental, Vision, Life & Disability coverage for employees (Based upon your plan selection). 90% company-funded dependent coverage (Based upon your plan selection) as well as Flexible Spending Accounts.Voluntary benefits with payroll deduction for Supplemental Life & AD&D insurance and legal plans.Tax deferred & Roth 403(b) Retirement Plan with employer match.Unlimited paid vacation days, 12 paid holidays, 1 floating paid holiday, 10 Sick days, and paid parental leave. We are an equal opportunity employer and committed to improving diversity, equity, and inclusion at Accion Opportunity Fund. AOF does not discriminate in employment on the basis of race, color, religion, sex (including pregnancy and gender identity), national origin, political affiliation, sexual orientation, marital status, disability, genetic information, age, membership in an employee organization, retaliation, parental status, military service, or other non-merit factor. Salary Range*: $165,800 - $211,300*Please note that the above salary range is a national range, and compensation is dependent upon the candidate’s experience and skill level.

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