Associate, Tax Credit Operations (New Market Tax Credit)

Discover Financial
Plano, Charlotte, Richmond
Workplace: HybridFull timeUSD 66,700 - 76,100 annuallyFunction: Banking, Lending & CreditExperience: 2+ yearsEducation: high_schoolSkills: ["Communication","Interpersonal skills","Analytical thinking","Problem-solving","Attention to detail"]

Manage New Markets Tax Credit portfolios by supporting deal closings and exits, processing loan and equity requests, and performing accurate billing, funding, and liquidations. Conduct manual tracking, cash break and interest/fee reconciliations, and comprehensive testing of system enhancements. Review legal documents for compliance and operational viability while collaborating with internal partners and serving as a liaison to borrowers, lenders, and investors.

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Discover Financial
Discover Financial
1 month ago

Associate, Tax Credit Operations (New Market Tax Credit)

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Last checked: 2 hours agoStatus: Live

Job Summary

Manage New Markets Tax Credit portfolios by supporting deal closings and exits, processing loan and equity requests, and performing accurate billing, funding, and liquidations. Conduct manual tracking, cash break and interest/fee reconciliations, and comprehensive testing of system enhancements. Review legal documents for compliance and operational viability while collaborating with internal partners and serving as a liaison to borrowers, lenders, and investors.
Location: Plano, Charlotte, Richmond
Workplace: Hybrid
Employment Type: Full time
Job Function: Banking, Lending & Credit
Seniority: Entry level

Key Responsibilities

  • •Manage a portfolio of active credit facilities and equity investments for New Markets Tax Credit.
  • •Support new deal closings and exits.
  • •Process loan and equity requests, including draw downs, pay downs, interest payments, interest/exchange rate fixing, billing, and liquidations.
  • •Perform manual loan tracking enhancements, cash breaks analysis, reconciliations of interest fees, and testing of system enhancements.
  • •Review and extract information from legal documents for compliance, interpretation, and operational viability while responding to inquiries from borrowers, lenders, and investors.

Pay and Benefits

Salary: USD 66,700 - 76,100 annually

Key Requirements

  • •High School Diploma, GED, or equivalent certification.
  • •At least 2 years of experience in banking operations.
  • •Bachelor’s Degree or Military experience.
  • •2+ years of experience in Commercial Loan Servicing or Commercial Loan Operations.
  • •2+ years of experience using Advanced Commercial Banking System (ACBS).
Experience:2+ years
Education:High School
Skills:CommunicationInterpersonal skillsAnalytical thinkingProblem-solvingAttention to detail
Tech Stack:ACBSVPNChromeGoogle.com

Eligibility

Work Authorization:Sponsorship available.

Company Brief

Discover Financial
Provides consumer banking products, credit cards, personal loans, and payment services through the Discover brand. It operates a major U.S. financial network and serves individuals and merchants with lending and digital payment solutions.
Industry: Retail Banking
Company Size: Enterprise (1,001+ employees)
Revenue: USD 10M to 25M
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Riverwoods, United States
Founded: 1985
WebsiteLinkedIn