Job DescriptionSummaryThe Asset Management Associate role will be a key part of this high growth company in St. Louis, Missouri focused primarily on tax credit investments, with an emphasis on the renewable energy sector.
Duties and Responsibilities- Work closely with the firm's Principals and Vice President of Asset Management to oversee a growing portfolio of tax equity investments throughout the compliance period and exit
- Engage with project sponsors and investors to track, collect, and analyze project information
- Monitor the obligations of key entities throughout the investment structure to meet timely reporting obligations and understand project performance
- Participate as a key point person in transitioning investments post-closing to the lifecycle asset management process and review investment documents (LLCAs, ECCAs, Tax Credit PSAs, AMAs, etc.) for reporting requirements and funding obligations
- Produce professional periodic reports for investors that deliver qualitative and quantitative analysis through narrative and customized visual analytics
- With support and guidance, manage a portfolio of tax equity investments by collecting and evaluating periodic reports, reviewing financial models and cash waterfalls, and reporting to investors throughout the remaining deal lifecycle
- Ensure capital provider obligations are satisfied and assist in the funding process by coordinating with third parties on delivery of periodic reports, financials, and tax returns
- Review tax returns and coordinate with experts when needed
- Support initiatives to help the business in achieving its strategic objectives
- Travel for business and attend conferences as necessary (5% - 10%)
Knowledge & General SkillsMinimum Requirements
- Microsoft Excel modeling skills and a strong interest in the use of complex project finance models, as well as developing the ability to create well-organized presentations to formulate conclusions
- Understanding of renewable energy project finance transactions and/or tax credit equity
- Basic understanding of financial, tax, accounting, and investment concepts
- Strong communication skills, both oral and written, and the ability to create effective presentations
- Ability to provide exceptional client service by responding with a sense of urgency, practicality, accountability, and integrity
- Ability to evaluate complex situations and engage with other team members to make decisions on significant matters
- Self-motivated intellectual curiosity
- Strong interest in renewable energy infrastructure and project finance
Experience/Qualifications/Education- 3+ years in tax credit asset management and/or investment operations experience
- Bachelor's degree in Finance, Mathematics, Engineering, Economics or related area
- Advanced degree and/or CFA, CPA certification is optional
- Experience in renewable energy project development, accounting, and/or finance is strongly preferred
- Experience in Low-Income Housing Tax Credits (LIHTC), Historic Tax Credits (HTC), or New Markets Tax Credits (NMTC) a plus
EducationBachelor's: Accounting, Bachelor's: Business Administration, Bachelor's: Finance
Work ExperienceGeneral Experience - 3 to 6 years
CertificationsCertified Anti-Money Laundering Specialist (ACAMS) - Association of Certified Anti-Money Laundering Specialists (ACAMS)
TravelLess than 25%
WorkstyleRemote
At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.
We expect our associates at all levels to:
• Grow professionally and inspire others to do the same
• Work with and through others to achieve desired outcomes
• Make prompt, pragmatic choices and act with the client in mind
• Take ownership and hold themselves and others accountable for delivering results that matter
• Contribute to the continuous evolution of the firm
At Raymond James - as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.
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