Project Manager

Supervisor Title: Director of Project Management
Location: Washington, D.C. or St. Louis, MO
Overtime Status: Exempt
Job Summary:

The National Trust Community Investment Corporation (NTCIC) seeks a Project Manager to perform due diligence and underwriting activities for prospective investments identified by Acquisition Managers after a Letter of Intent has been executed. These tax credit investments may include debt and equity investments in residential, commercial and mixed-use historic rehabilitation projects involving historic and New Markets tax credits. The Project Manager will prepare investment committee write-ups and present investments to the board Investment Committee, close transactions, and transition the project to the Asset Management team.


Achieve project closings in an effective and efficient manner by:

  • Identifying and clearly understanding investor expectations and requirements, as well as serving as a liaison between investor and sponsor team
  • Identifying, understanding, and resolving project issues (readiness, structure, underwriting, etc.) in a timely manner including:
    • Collecting and reviewing all due diligence consistent with closing checklist and underwriting requirements
    • Reviewing and analyzing financial models including developer construction budgets and operating projections
    • Performing detailed guarantor analyses
    • Ensuring structure conforms to tax credit laws and guidance
    • Analyzing project market studies and appraisals and supplementing with independent underwriting as necessary
    • Negotiating tax credit structure, budgets, documentation, and other aspects of the investment consistent with NTCIC and outside investor underwriting and credit policy
  • Playing an active, positive role in driving projects to financial closing, including:
    • Leading weekly calls and following up with responsible parties outside of calls
    • Reviewing and commenting on projections, document drafts, and due diligence
    • Monitoring and seeking ways to limit and/or reduce legal fees and other third party costs
  • Connecting and coordinating with Acquisitions Managers upon assignment of project to get educated about project details to facilitate a successful closing prep and closing stages
  • Beginning preparation of investment committee memo upon assignment of project and allowing sufficient time for review at each approval stage
  • Building, solidifying, and demonstrating technical expertise, including knowledge regarding HTC and NMTC programs, HTC document provisions and protections, and projections schedules and calculations

Demonstrate teamwork and collaboration by:

  • Supporting, training, learning from, and sharing lessons learned with the NTCIC team
  • Engaging and collaborating with the senior leadership team, Acquisitions Managers, Asset Management, Accounting, NMTC Compliance, and others at appropriate project closing stages
  • Providing sufficient access to and information about each project to asset management to allow for a successful transition
  • Completing special projects as requested

Demonstrate strong communication and problem-solving skills by:

  • Maintaining regular communication with the Director of Project Management
  • Anticipating and communicating lead time items to developers and regularly following up with responsible parties to ensure accountability
  • Identifying and understanding project risks and other issues and elevating when necessary with a clear and concise statement of issue and proposal(s) for mitigation/solution
  • Regularly updating all applicable Salesforce fields/sections
  • Preparing thorough, well-drafted investment committee memos and presenting with confidence while demonstrating knowledge of project and competence with programs/issues

Build and value relationships by:

  • Understanding, respecting and cultivating the relationships built by acquisitions managers
  • Providing clear, concise, and professional communication for NTCIC investors that includes sound reasoning/mitigants for underwriting exceptions
  • Providing thoughtful, timely responses to colleagues and business parties
  • Respecting investors’ priorities
  • Leveraging industry conferences, site visits, groundbreakings, and other events to meet project team members, investors, industry participants, build relationships, and make new connections
  • Bachelor’s degree with an emphasis in real estate or finance (or equivalent work experience) and either a master’s degree in business, finance or real estate (or equivalent) or more than 5 years of experience
  • At least 5 years of real estate investment analysis/underwriting experience
  • Experience in complex urban subsidized housing and commercial real estate finance
  • Strong financial analysis and spreadsheet (Excel) skills required
  • Prior experience working with tax credits, governmental agencies, nonprofit groups, and for-profit developers desired
  • Expertise in legal, tax and accounting aspects of tax credit projects required
  • Knowledge of historic and New Markets tax credits, the master tenant ownership structure, and the historic tax credit certification process preferred
  • Excellent writing skills required
  • Demonstrated ability to work well in a team setting
  • Willingness to travel and work an unconventional schedule

Position Benefits

  • Healthcare, vision and dental benefits 80% covered by NTCIC
  • 401k Plan (includes Safe Harbor 5%)
  • Generous paid sick leave and vacation leave
  • Flexible Spending Accounts
  • Short-Term Disability
  • Group Term Life Insurance paid by NTCIC
  • Annual Performance Bonus


To apply for this position, click here or  email your resume in .doc, .docx, .pdf, .txt, .rtf, .html, or .ascii format to If you wish to enclose a cover letter, please include it in the body of your email message.

National Trust Community Investment Corporation (NTCIC) offers a progressive work environment, competitive pay, and an excellent benefits package including; medical, dental, vision, paid-time-off, life/disability insurance, commuter flex accounts and a 401(k). NTCIC is an equal opportunity organization and does not discriminate on the basis of race, color, religion, national origin, sex, age, sexual orientation, veteran status, or disability NTCIC actively seeks opportunities to include members of these groups in its programs and activities.