Primary Care Development Corporation (PCDC): Catalyzing Excellence in Primary Care Quality primary care is transformative and a cornerstone of healthy, thriving communities. PCDC, a nationally recognized 501(c)(3) community development financial institution (CDFI), catalyzes excellence in primary care through strategic community investment, capacity building, and policy initiatives to achieve health equity.
PCDC's Capital Investment Practice invests in communities by providing flexible, affordable capital to create lasting and sustainable impact for the organizations and the communities they serve. PCDC is uniquely positioned to provide financing that is tailored to transforming and expanding primary care, including, wherever possible, the integration of comprehensive medical, dental, and behavioral health services. PCDC provides strategic advice to help organizations that are preparing for growth and an expansion of services or planning facility development projects and offers a variety of affordable and flexible short-term and long-term loan solutions to support capital projects as well as other business and service expansions. PCDC's Capital Investment staff understand primary care business models and monitor policy changes and regulations that affect primary care practices and revenue streams and serve as trusted advisors to clients on what it takes to successfully finance capital projects in a changing health care environment. To fund our loans, we raise impact investment capital to enable us to deliver flexible, affordable capital solutions to our clients. We also partner with other community development lenders and advocates dedicated to catalyzing excellence in primary care to ensure we can meet a client's needs, regardless of project size.
Position Overview The Capital Investment CDFI Compliance & Loan Closing Manager will be responsible for coordinating and facilitating all loan closing activity for PCDC, including balance sheet lending and NMTC transactions. This role will also support the underwriting, structuring, closing, asset management and unwinding stages of NMTC transactions. The ideal candidate will have experience with real estate transactions including loan document review and working through title and escrow as well as familiarity with the NMTC program. This position is part of PCDC's Portfolio Management team and will report to the Senior Director of the team. Job Responsibilities:
Oversee all aspects of NMTC compliance, including supporting initial NMTC eligibility and compliance tests for transactions, ensuring ongoing compliance throughout the seven-year compliance period and through the unwind in accordance with NMTC program standards
Maintain a thorough and up-to-date understanding of the tax and compliance requirements related to NMTC and monitor developments in the industry related to tax credit compliance. Disseminate knowledge to colleagues to inform Capital Investment practice and PCDC's NMTC program.
Manage loan closing process for balance sheet loans once a commitment letter has been issued, including coordinating with internal PCDC teams such as Finance, external PCDC counsel, and borrower and borrower counsel
Review loan documents to ensure consistency with internal approvals and commitment letters
Ensure all required due diligence items such as title and survey, environmental reports, appraisals, property condition reports and third-party contracts are reviewed and satisfactory prior to loan closing and disbursement of funds
Maintain a culture of quality customer service at all points of contact with internal and external clients, Capital Investment team, staff, board and committee members, lending partners and professionals.
Ensure efficient and productive communication and coordination with the senior management and the entire lending team to ensure sound compliance practices
May provide PCDC's consultant team with contracting support
All other duties as assigned
Qualifications:
Minimum of three years lending experience in community development and/or community facility financing, preferably with a CDFI or other community development lender
Bachelor's degree in relevant field (Masters degree preferred)
Paralegal certificate or degree preferred
Knowledge of NMTC and CDFI Fund compliance and reporting requirements preferred
Experience reading and understanding complex legal and related closing documents and NMTC projections
Knowledge of, or commitment to, the health care industry and primary health care
Strong oral and written communication skills
Strong interpersonal skills and proven ability to work effectively with a wide variety of people and organizations, and in culturally and ethnically diverse environments
Self-motivated, with a positive attitude, and ability to meet deadlines independently
Excellent teamwork and strong time management skills
To Apply: For immediate consideration, please apply on our website at https://www.pcdc.org/about-pcdc/career/ . For consideration, all applicants are encouraged to include a thoughtful cover letter, resume, and available start date. This position will be 100% remote (working from home). PCDC employees in the NYC metro area are requested to come to the office 1-2 times per month.
We offer a competitive salary and comprehensive benefits package, including:
Medical
Dental
Vision
HRA
STD - company paid
LTD - company paid
Life Insurance - company paid
Voluntary Life
403(b) retirement
Flexible Spending account (FSA)
Dependent Care (DCA)
Commuter Benefits
Paid Family Leave
Generous paid vacation, sick and personal days
Paid holidays
Employee Assistance Program (EAP)
Public Service Loan Forgiveness (PSLF) application support.