Asset Manager

$84k Per Year Position range in Grafton County $47k•$150k Per Year Asset Manager Mascoma Bank

Occupation:

Personal Financial Advisors

Location:

Hanover, NH•03755

Job Type:

Full Time (30 Hours or More)

Posted:

03/06/2026 Positions available: 1

Source:

FileImport•Mascoma Bank

Web Site:

workforcenow.adp.com

Expires:

06/08/2026 Job #: 3972546 Job Requirements and Properties Work Onsite Full Time Schedule Full Time Job Description . Apply Description Mascoma Community Development•Responsible for asset management of New Markets Tax Credit projects receiving NMTC allocation from closing through completion of the NMTC compliance period. Additionally, the Asset Manager negotiates and implements required changes to asset structures during the life cycle of each transaction and manages the unwind process at the back end of each NMTC transaction's life cycle. Community Development Lending Department•Mascoma Bank•Responsible for management and review of a tax credit loan portfolio made through Mascoma Bank that includes projects using New Markets Tax Credits, Historic Tax Credits, and Low-Income Housing Tax Credits. Additionally, the Asset Manager negotiates and implements required changes to asset structures during the life cycle of each transaction and manages the unwind process at the back end of each transaction's life cycle, as applicable. Essential Functions and Responsibilities Directs the pre•and post-closing transition of projects from the Lending/Investment Team to Asset Management, including monitoring and follow-up on all post-closing terms and requirements for each asset, including outstanding closing items; Works with originating lenders to ensure adequate documentation for debt service coverage ratio definitions. Negotiates construction monitoring agreements with all parties to transaction. Ensures Loan Agreement Schedules adequately document disbursement requirements and match Financial Projections modeling the transaction. Negotiates escrow and disbursing agreements with all parties to transaction. Reviews pre-closing documents and provides input to Lending/Investment Team to ensure accuracy of documentation. Ensures that all sources of funding for each transaction are received and disbursed at closing and subsequent to closing, as applicable. Monitors construction disbursements of New Markets Tax Credit, Historic Tax Credit and/or Low-Income Housing Tax Credit development projects: Reviews and approves draw requests, to include review of all required Loan Agreement schedules, Source/Use accuracy and adequacy, GC application, lien waivers, etc. Reviews construction inspector's monitoring reports. Fields questions from the asset managers of each party to the transaction. Works with the developer/sponsor/borrower, construction inspector and the GC to ensure that all draw request questions are answered. Makes periodic site visits to review construction progress. Works with all parties to the transaction to ensure that each project achieves Certificate of Substantial Completion, final Certificate of Occupancy and the project is placed in service. Manages existing

NMTC/LIHTC

loan portfolio, to access and maintain acceptable credit quality, to include the following tasks: Financial reporting compliance. Financial covenant compliance. Providing updated information to the Bank's Credit Department to ensure completion of annual reviews. Manages all Borrower requests for amendments, modifications, release of ...For full information see follow application link. Mascoma Bank is proud to be an Equal Employment Opportunity and Affirmative Action employer. We do not discriminate based upon race, ethnicity, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, veteran status, status as an individual with a disability, or other applicable legally protected characteristics. To request a reasonable accommodation, please contact careers@mascomabank.com. Join the Mascoma Bank Team; always striving to exceed our personal best and surpass our customers' expectations. As a best place to work, we provide contemporary benefits, competitive salaries, opportunities for professional growth, and great team members to work next to! Mascoma Bank is an Affirmative Action and Equal Opportunity Employer, M/F/D/V.