Senior Associate Asset & Portfolio Manager

Job Posted 8/23/2023
Advantage Capital
New Orleans, LA 70112
United States
Job Description

Who We Are 

Advantage Capital is a unique impact investor whose mission is to bring businesses and jobs to communities that have historically lacked access to investment capital. Since 1992, Advantage Capital has invested more than $4 billion in over 900 companies, spanning a diverse array of industry sectors and covering the entire risk spectrum. The firm has built a strong and successful track record of public-private partnerships with state and federal economic development organizations, creating over 65,000 permanent, well-paying jobs and facilitating the subsequent flow of billions of dollars of investment capital into communities that are underserved by traditional sources of capital.
The Partner Services (ACPS) business line provides advisory services for participants in economic development programs familiar to Advantage, particularly the New Markets Tax Credit program, helping those businesses and investors accomplish their programmatic goals around permanent job growth through small business finance. To date ACPS has helped our partners invest over $550 million in capital in operating businesses, community facilities, commercial centers and more, creating nearly 6,000 permanent, quality jobs in Low Income Communities through those investments to date.

Our Culture 
We love what we do. We fundamentally believe that capital can change lives and we go to great lengths to give our firm the opportunity to reach the hardest hit communities in the U.S. with much needed investment. For anyone considering joining our high-performing firm, know that we value: a growth mindset (never stuck), an exciting work pace (never boring), the ability to work autonomously (no micromanaging), getting things done (talk is cheap), an all-hands-on-deck culture (a true team), a love of hard-to-solve problems (others avoid), and the character to do the right thing (always). 

Job Purpose:

ACPS is seeking a highly motivated individual to join our team in either in St. Louis or New Orleans offices or work-from-home if not in one of those locations. The Asset & Portfolio Manager will assist in financial review and compliance administration for a portfolio of tax credit investments. This position involves a working knowledge of lending, financial analysis, basic GAAP statements and covenant testing.  
This role will involve interaction with all parts of Advantage Capital, including ACPS, Accounting, Compliance and Investment teams, as well as our external clients. Candidates are expected to have outstanding written and verbal communication skills and a strong record of leadership accomplishments. 

Asset Management Oversight 

  • Serves as main liaison for partners on all financial, compliance and reporting matters

  • Collection and review of borrower and partner financial statements and compliance reporting

  • Monitor cash flows and assist with loan servicing, disbursing and distributions

  • Track and update financial models

  • Monitor and track the portfolio’s loan performance and compliance with loan agreements and program requirements, prepare reports for management review

  • Assist with validation and presentation of impact reporting to internal and external stakeholders

  • Coordinate required reporting to investors, partners, state agencies and lenders

  • Interacting and building relationships with partners, banks, and investors

Transaction Support 

  • Assist with structure and closing of new investment funds

  • Coordination of project investments with internal and external parties

  • Ensure proper onboarding of new investments 

  • Document management, as needed

 General Analysis and Department Support

  • Prepare internal analysis and ad hoc presentations and projects, as requested

  • Collaboration and support across departments


  • Bachelor’s degree in finance, economics, accounting or equivalent work experience

  • Three or more years of related experience (lending, compliance, financial structures, finance, accounting); direct experience with NMTCs or other tax credit programs is a plus

  • Proactive in identifying next steps, intellectually curious, ability to focus on both details and the big picture

  • Comfort with reviewing financial statements; comfort reading legal documents a plus

  • Strong mathematical and analytical skills, attention to detail and accuracy in work product is critical

  • Self-starter with ability to problem solve

  • Strong computer skills with basic formula proficiency in Excel

  • Strong written and verbal communication skills

  • This position requires strong time management skills and ability to multi-task, and flexibility to prioritize new opportunities as they arise

This position includes a competitive comp and benefits package.

Position is available in our St. Louis or New Orleans office locations. ACPS would consider remote work for someone with sufficient NMTC experience.


We are an equal opportunity employer and all qualified applicants will receive
consideration for employment without regard to race, color, religion, sex,
national origin, disability status, protected veteran status, or any other
characteristic protected by law.