The Compliance Manager is responsible for compliance monitoring and reporting for all of CDF’s loan and grant agreements, including Federal New Markets Tax Credit allocations and Community Development Financial Institutions Fund grants. S/he conducts accurate data collection, input, analysis and reporting.
- Create and manage a schedule of reporting requirements/deadlines for all CDF’s partner entities. Coordinate reports to investors, funders, the CDFI Fund and others according to established deadlines and requirements.
- Compile reports and data needed by various partner entities in relation to CDFI (Community Development Financial Institution) and CDE (Community Development Entity) lending and servicing.
- Compile and maintain data files for New Markets Tax Credit transactions in accordance with CDFI Fund Desk Review or Site Visit criteria.
- Complete all tasks related to annual CDFI Certification using the CDFI Fund’s Awards Management Information System (AMIS).
- Manage all New Markets Tax Credit accounting – including billings, receipt of payments, month-end closings and annual audits/taxes – for CDF’s sub-CDEs.
- Set up new sub-CDEs, prepare Annual Certification, submit CDF Financial Statements and/or other reports required by the CDFI Fund. Complete all required reports accurately and on deadline.
- Monitor New Markets Tax Credit borrowers’ compliance with loan agreements; collect and maintain documents as outlined in loan agreements; complete, submit and maintain required documents for investors; and complete semi-annual compliance certificate for investors.
- Work with CDF’s Loan Portfolio Manager to validate data entered in CDF’s loan servicing system (Nortridge) for compliance reporting.
- Provide input to and validate data in CDF’s applications for CDFI funding (Financial Assistance, New Markets Tax Credits, etc.).
- Actively support deployment of New Markets Tax Credit allocations by vetting proposed deals to ensure compliance, participate on closing calls, and review documents.
- Monitor and report impact data for all CDF lending. Create quarterly and annual impact reports.
- Four-year college degree in finance, accounting or related field plus 5-10 years accounting experience
- Strong reasoning and analytical skills with ability to handle multiple priorities at once
- Superior organization and time-management skills with attention to detail
- Strong understanding of financial statements and basic accounting principles
- Ability to learn quickly
- Working knowledge of banking concepts and lending processes
- Excellent written and verbal communication skills
- Positive attitude with strong interpersonal skills – able to work with people at all organizational/community levels to meet reporting deadlines and achieve goals
- Team player – committed to working in a collaborative environment
- Proficiency in Microsoft Office programs, including Word, Excel, Outlook, PowerPoint
- Working knowledge of QuickBooks
- Passion for urban issues, CDF’s mission
- Real estate development, banking or nonprofit experience
- Auditing experience
- Familiarity with CDFI Fund programs and reporting requirements
Cincinnati Development Fund offers competitive pay along with comprehensive benefits including medical, dental and vision insurance; 403(b) retirement plan (with company contribution); company-paid life insurance; long-term disability insurance; and generous paid time off.
About Cincinnati Development Fund:
Cincinnati Development Fund is a 501(c)(3) nonprofit lending institution that fills a gap not covered by traditional lenders. CDF provides funding for real estate development in under-served markets in the Greater Cincinnati area as well as facilities and equipment funding for nonprofit organizations in the region. CDF’s mission is to provide innovative real estate financing for projects that strengthen low-income neighborhoods and improve lives. Its vision is to be at the forefront of redevelopment plans in Greater Cincinnati, helping low-income communities preserve their historic buildings and create vibrant, inclusive neighborhoods. A certified Community Development Financial Institution (CDFI) and Community Development Entity (CDE), CDF is an equal opportunity employer and an equal opportunity provider.
Please send a cover letter and resume to firstname.lastname@example.org.