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Our Client

• This impressive, highly reputable national bank and its affiliates provide a comprehensive suite of products and services and operate more than 1,000 branches in 10+ states

• Strong appetite for growth; hired 32 people in 2 years

• Dedicated to helping improve communities by providing billions of dollars in financing for high-impact community development projects

• Provide construction and permanent financing, construction period private placement bonds, investment in 9% and 4% LIHTC, upper- and lower-tier equity bridge loans, access to Federal Home Loan Bank Affordable Housing (AHP) grant program, and pre-development loans for LIHTC projects

• Strong commitment to diversity, equity and inclusion

 

The Opportunity

We are recruiting for a senior-level Accounting & Finance professional who will focus on community investment capital and new product development within the Affordable Housing/LIHTC platform for this growing bank. You will have responsibility for new business finance, accounting policy, financial reporting, tax and finance strategy within a niche division of the bank. This individual will work collaboratively with other team members to ensure appropriate internal and external reporting of business unit metrics and forecasting for this platform.

• Responsible for developing new products and services as well as researching financial and tax implications and challenges/obstacles associated with each

• Collaborate with internal teams to assemble and oversee annual/quarterly budgets and forecasts for this division of the bank while identifying opportunities to meet and/or exceed the annual financial plan

• Collaborate with Accounting teams to understand the financial performance of this group and the impact on GAAP financial statements

• Responsible for preparing advanced short- and long-term financial forecasting, budgeting, and reporting

• Work with the Tax team to understand annual state and federal tax liabilities and propose appropriate amounts of tax credits that they could deliver to offset taxes

• Explore and make recommendations for various ways to offset state tax credit liabilities

• Ensure proper accounting and tracking of K-1s

• Understand the impact of operations on key financial metrics (Public Welfare Investment test, pre-tax pre-provision income, net income after tax, CET1 ratio, operating leverage, tax credit carryforward, etc.) and assess the short- and long-term planning for these metrics

• Collaborate with the Accounting Policy team to establish, modify, and refine accounting policies related to tax credit investments and community development loans

• Interface with the Legal team for various legal issues

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Ideal Candidate Profile // Qualifications

• Bachelor’s Degree

• 5+ years of Affordable Housing/LIHTC experience and related Finance, Accounting, and/or Tax experience

• CPA

• Commercial Real Estate lending and/or investing experience

• Excellent Excel skills and robust analytical skills

• Advanced written and verbal communication and presentation skills

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OUR FIRM

KM Partners’ national Executive Search and Professional Recruitment practice areas focus on high-growth, impact-investment-oriented businesses across relevant industries, including Investment Management, Real Estate, Clean Energy, Sustainable Infrastructure, and related Business and Professional Services. With a core focus in Tax Credits (LIHTC, NMTC, Historic, & Renewable), Multifamily, Affordable and Senior Housing, we partner with clients and place industry-specific professionals throughout the United States. At KM, we have established an unparalleled track record of repeat business and success recruiting in niche practice areas, including 140+ placements in Affordable Housing, which have led to 50+ promotions to date. We represent C-level Executive Leadership, Middle Management, and experienced Associates across industry professions.

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If qualified, please contact:
Kelly Erbe | Senior Director
303.495.2109 | kellye@kmcompanies.com

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