Associate Asset Manager-Renewable Energy (Ntcic)

ASSOCIATE ASSET MANAGER - RENEWABLE ENERGY
National Trust Community Investment Corporation (NTCIC) enables tax credit equity investments to finance sustainable communities nationwide. NTCIC places qualified federal and state historic tax credits (HTC), new markets tax credits (NMTC), and renewable energy tax credits (ITC) with a variety of qualified investors, including regional and national banks and corporate clients.
NT Solar is the business line of NTCIC that specifically focuses on renewable energy investments. NTCIC is a wholly owned for-profit subsidiary of the National Trust for Historic Preservation.
WORK OBJECTIVES:
NT Solar is seeking an Associate Asset Manager to have primary asset management reporting and compliance responsibilities for the NT Solar portfolio of tax credit investments (ITC's). The Associate Asset Manager will focus on activities from post-closing/funding through a 5+ year period until exit.
DUTIES:

• Under the direction of the Managing Director of NT Solar, independently oversee compliance and reporting for a portfolio of solar and battery storage tax credit investments within the NT Solar portfolio.
• Build and strengthen relationships with energy sponsors/developers, ensuring collaboration which results in timely delivery of all required reporting (e.g. reports on safety and efficiency, production summaries, revenue, payment of scheduled cash distributions and any other monthly, quarterly, and/or annual reporting).
• Organize, evaluate, and synthesize reporting information for the portfolio which includes a wide variety of project sizes, technologies, off takers, and geographies.
• Identify changes in asset performance from closing projection expectations. Perform asset risk evaluations and monitor accordingly.
• Maintain relationships with tax credit investors, with a keen eye for financial, legal and compliance risk management.
• Respond to ad-hoc investor questions and requests related to asset performance and compliance.
• Identify and analyze underperformance issues; recommend and implement solutions to maximize the financial and operational performance of the portfolio and ensure investor streams of benefits are delivered as projected.
• Collaborate with accounting to generate invoices and manage receipt of asset management fees, preferred returns, and residual cash flow distributions. • Update project-level benefit schedules; calculate project-level ROI as necessary to meet required target returns.
• Support the preparation of monthly fund benefit schedules and various other financial reporting obligations.
• Update and maintain asset management systems, including salesforce; SharePoint; databases; reports; and electronic integration of asset management systems.
• Track closing projections, project-level reporting (including audit and tax return receipt), and upper-tier fund-level reporting.

Salary range: $100,000-115,000
QUALIFICATIONS:

• Hybrid, Washington D.C.; fully remote applicants will be considered with experience.
• B.S./B.A. degree or higher • 3+ years of experience in asset management required, preferably managing solar, battery storage and other renewable energy assets for a developer, owner/operator, IPP, or an asset management firm.
• Familiarity with contractual documents including Equity Capital Contribution Agreements, Operating Agreements, Off-take Agreements, O&M Agreements, EPC Agreements, and Interconnection Agreements.
• Understanding of Renewable Energy investment structures and tax impacts.
• Demonstrated financial acumen and experience managing / interpreting tax equity financial models.
• Highly Proficient in Salesforce, Microsoft Excel and Teams, O365/SharePoint.
• Excellent verbal and written communications skills required.
• Well-developed analytical and problem-solving skills.
• Must possess acute attention to detail.
• Proven track record of working well within a team environment, taking ownership of processes and procedures.

National Trust Community Investment Corp. is an equal opportunity organization and does not discriminate based on race, color, religion, national origin, sex, age, sexual orientation, veteran status, or disability. The National Trust Community Investment Corp. actively seeks opportunities to include members of these groups in its programs and activities.