Asset Manager

Asset Manager Mascoma Bank $84,293-109,581 paid holidays, tuition reimbursement, 401(k) United States, Maine, Portland 48 Free Street (Show on map) Apr 30, 2026 Apply Description Mascoma Community Development

• Responsible for asset management of 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 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 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 collateral or restructurings; Works with and provides back-up for Asset Management Associate to ensure that: periodic payments for reserves are received and escrowed CDE fees are paid on a timely basis monthly transaction payments are made on a timely basis during the NMTC compliance period Works with originating lenders to structure and close any approved project refinancing. Essential functions specific to Asset Manager Position

• Mascoma Community Development Acts as MCD's primary contact among lenders, investors, borrowers and partners as it relates to each asset.

Collaborates with MCD's NMTC Consultants with respect to monthly loan servicing and compliance tracking for all NMTC relationships. Collaborates with the Investment Team and Finance/Accounting Team during the pre-closing process. Works with Director of Asset Management and Investment Officers to manage the disposition, exit and/or "unwind" of the NMTC investments at the end of the seven (7) year compliance period. Works with CDE Managing Director and Senior Investment Officer to compile NMTC compliance information and transaction data to be utilized in future NMTC allocation applications. Assists in periodic drafting, editing and review of asset management policies and risk rating procedures.

General Portfolio Management Duties:

Provides exceptional customer service to his/her customer base. Works with team members to effectively resolve problems and address customer needs in a timely and professional manner. Meets regularly with customers to strengthen the relationship; keeps apprised of customer's business and expands the relationship, as appropriate. Monitors customers' financial performance. Assigns appropriate credit grade. Maintains and updates credit file, as requested by the responsible loan officer. Works proactively with delinquent and/or deteriorating credits. Prepares CAC reports and other reports as needed. Nonessential Functions of Position Represents the Bank effectively and professionally at events and on non-profit or banking related boards and organizations. Performs other duties upon request.

Work Location:

This position will be hybrid remote in Hanover, NH or Portland, ME. Requirements What You'll Need Bachelor's degree; or 3 to 5 years related experience and/or training; or equivalent combination of education and experience. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and public. Ability to quickly synthesize information, communicate well with a variety of internal and external customers. Ability to perform credit analyses. Ability to work mathematical concepts such as probability and statistical inference; Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations. Ability to work with computer programs such as Microsoft Office (Word/Excel/PowerPoint). Ability to read and understand legal documents. Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or government regulations. Ability to work independently, as well as interact professionally and cooperatively with a diverse group of professionals, to achieve company goals. Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to operate professionally under time pressures. Highly organized and detail-oriented. Strong interpersonal skills. High degree of self-motivation and self-direction. Professional appearance; grooming and dress consistent with MB appearance policy. Must maintain confidentiality and privacy Physical Demands/Working Conditions Must be able to lift or transport up to 25 pounds Varied work with a normal expenditure of energy and little or no unusual physical effort May involve incidental business machine operations Work involves intermittent periods of stationary positioning and traversing Working conditions include well-lit and well-ventilated areas Driving is essential to get to meetings and customer locations. Travel by air, road or rail may be required. Travel may include conference attendance and visits to manufacturing facilities, real estate assets, construction sites, and land. Core Competencies Customer Experience

• Building strong relationships and delivering customer-centric solutions. Builds Networks
• Effectively building relationship networks inside and outside the organization. Communicates Effectively
• Communicating clearly and in a way that supports the needs of different audiences. Financial Acumen
• Understanding and applying knowledge of key performance indicators to make better business decisions. Regulatory Awareness
• Understanding how the various components of banking inter-relate with current state and federal regulatory requirements. Decision Quality
• Making data-driven decisions; striving for balance between risk and reward to seize opportunities that keep the organization moving forward. Instills Trust
• Gaining the confidence and trust of others through honesty, integrity, and authenticity. Manages Ambiguity
• Operating effectively, even when things are uncertain, or the path forward is unclear.

Why Mascoma Bank? Strong culture of belonging with a team that values creativity, new perspectives, and innovation. Community first minded. We care about our employees and the communities we serve. Competitive compensation. Career development and internal career mentorship. Comprehensive health care, dental care, and vision. 401(K)

Program:

4% safe harbor employer match on top of 5% non-elective contributions following one year of service. Generous PTO starting at 22 days per year, not including 11 paid holidays and 16 hrs. of Volunteer Time Off. Tuition Reimbursement. Student Loan Paydown and so much more! Background and Credit Check As part of our commitment to maintaining a secure financial institution, all final candidates will be required to successfully complete background and credit screenings as part of the hiring process. These screenings will be conducted in accordance with applicable laws and industry regulations.

Please note:

Having a record on a background or credit report does not automatically disqualify you. We evaluate results on a case-by-case basis, considering their relevance to the role and any regulatory requirements. Our Commitment to Belonging! The communities served by Mascoma Bank consist of individuals from diverse backgrounds. Our employees likewise bring unique perspectives, experiences, and approaches to the bank. We strive to create a safe and welcoming environment for all who pass through our doors and a workplace that actively demonstrates mutual respect and trust, one of our core values. A truly inclusive culture leads to a sense of belonging and support for all team members and inspires innovation and creativity. We are committed to recruiting and retaining a diverse talent pool, increasing team member engagement through professional development and community outreach activities, and offering personal growth workshops and team-building opportunities. By embracing diversity, equity, and inclusion, we strengthen our communities and ourselves. 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 reasonable accommodations, please contact careers@mascomabank.com. Mascoma Bank is an Affirmative Action and Equal Opportunity Employer, M/F/D/V. Salary Description $84,293-109,581