Tax Credit Portfolio Operations Manager

Tax Credit Portfolio & Operations ManagerJob Locations US-IL-Chicago | US-IN-Indianapolis | US-MN-Minneapolis | US-IN-Evansville | US-MI-Grand Rapids | US-KY-Louisville | US-WI-Madison Category/Function Lending/Commercial/Consumer/Credit Position Type Regular Full-Time Requisition

ID 2026-19298

Workplace Type On SiteOverview Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.

We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values. Responsibilities This position has primary management of Old National Bank's tax credit investment portfolio and operational responsibilities over Old National CDE Corporation and equity investments, including New Markets Tax Credits (NMTC), Low Income Housing Tax Credits (LIHTC), Historic Tax Credits (HTC) and Renewable Energy Tax Credits from closing through the compliance period and exit.

Salary RangeThe salary range for this position is $98,400 - $199,000 per year plus bonus. The base salary indicated for this position reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers within this range may vary based on a number of factors, including the specific responsibilities of the position, the candidate's relevant skills and professional experience, educational qualifications, and geographic location.

Key AccountabilitiesOversee the management of the tax credit asset management team and investment fund portfolio that include multiple investments and/or partnership relationships in closed tax credit financing; and the financial and compliance reporting of Old National CDE, including:

Provide oversight, coaching and guidance to the asset management team as they develop procedures and monitor portfolio risk.

Provide strategic guidance to the Head of Tax Credits on asset management, investment fund operations, investor relations, and reporting.

Maintain responsibility and direction for asset management activities including portfolio composition, construction management, tax credit compliance, and coaching team members to ensure focus on product type and risk mitigation.

Directly engage with clients, potential clients, and referral sources, as necessary, to drive portfolio stability and cultivate relationships.

Maintain responsibility for the implementation and oversight of a comprehensive risk management framework, including software, standardized policies, processes and procedures for tax credits that have a significant impact on the organization.

Assist in the preparation of the CDE's NMTC Application for tax credit allocationStay informed about industry best practices, market developments, and regulatory requirements related to tax credits.

Increase the tax credit group's community and industry engagementCoordinate with the bank's CRA team for community outreach and coordination of alternative investments that support the bank's assessment areas.

Provide insight and guidance on tax credit products including alternative investments and tax credit lendingCoordinates and regularly communicates with organizations team on closings and other portfolio movementsLead special projects as needed, working in cross-functional teams throughout the bank.

Adhere to and develop policies, procedures, and regulatory compliance requirements and perform other related duties and projects as assigned.

Travel required episodically.

Key Competencies for PositionDevelops Talent - Maximizes capabilities within team.

Develops team members' effectiveness in their current and future roles through development activities.

Identifies issues, continuously provides coaching, mentoring, feedback and support to aid in building trust, development and promotability.

Cultivates an environment of trust and optimizes talents and capabilities of team.

Identifies the right people for the right role while leveraging diversity.

Promotes Change - Drives Change within teamCommunicates what needs to change, why and impact of change.

Demonstrates agility while engaging team members to gain insight and ensure acceptance while deploying others to implement new solutions.

Proactively recognizes a need and takes accountability for implementing an improvement and/or change. Drives changes by encouraging team to think creatively and act differently to enhance client, community and shareholder value.

Strategy in Action - Fosters strategic capability in self and othersConnects work to the broader goals (i.e., team, line of business) and communicates team member's role in contributing to Old National's strategy and goals.

Demonstrates awareness and understanding of environmental factors influencing their role.

Anticipates, identifies, and articulates potential issues and opportunities and effectively responds.

Identifies immediate, near-term opportunities required for business impact while exploring multiple... For full info follow application link. EOE/Minorities/Females/Vet/Disability