What are the responsibilities and job description for the Due Diligence Coordinator position at Advantage Capital?
Description
The Company
Advantage Capital has been financing projects and companies in communities underserved by traditional sources of capital since 1992, helping transform local economies.
Our syndication group provides state tax credit equity to help developers finance their new construction, rehabilitation and mixed-use projects. Advantage Capital has syndicated over$2.3B in federal and $2.4B in state tax credits over a more than 30-year history and, in the process, developed deep expertise in efficiently structuring and closing transactions.
We are currently active in the following states for state LIHTC: Arizona, Arkansas, Colorado, Georgia, Hawaii, Kansas, Missouri, Nebraska, Oklahoma, South Carolina, Utah, Virginia and Wisconsin.
The Role
The Due Diligence Coordinator provides support to our affordable housing team. They must be detail oriented and professional. Primary duties include but are not limited to managing due diligence deliverables for equity investment transactions, corporate entity formation and maintenance, creating initial drafts of legal documents, and assisting with commercial loan closings.
This position is in Clayton, MO; however, for the right candidate we will consider candidates in alternate locations. We welcome and desire candidates from all backgrounds to apply. However, a candidate with experience in a support role for commercial real estate transactions or as a paralegal is preferred.
Job Responsibilities
The Company
Advantage Capital has been financing projects and companies in communities underserved by traditional sources of capital since 1992, helping transform local economies.
Our syndication group provides state tax credit equity to help developers finance their new construction, rehabilitation and mixed-use projects. Advantage Capital has syndicated over$2.3B in federal and $2.4B in state tax credits over a more than 30-year history and, in the process, developed deep expertise in efficiently structuring and closing transactions.
We are currently active in the following states for state LIHTC: Arizona, Arkansas, Colorado, Georgia, Hawaii, Kansas, Missouri, Nebraska, Oklahoma, South Carolina, Utah, Virginia and Wisconsin.
The Role
The Due Diligence Coordinator provides support to our affordable housing team. They must be detail oriented and professional. Primary duties include but are not limited to managing due diligence deliverables for equity investment transactions, corporate entity formation and maintenance, creating initial drafts of legal documents, and assisting with commercial loan closings.
This position is in Clayton, MO; however, for the right candidate we will consider candidates in alternate locations. We welcome and desire candidates from all backgrounds to apply. However, a candidate with experience in a support role for commercial real estate transactions or as a paralegal is preferred.
Job Responsibilities
- Retrieve and organize project due diligence (electronic), maintain the files
- Attend closing calls when asked, maintain checklists and tracking for the team
- Prepare closing binders per underwriter instructions
- Coordinate obtaining signatures for transaction documents and distribution per supervisor instructions
- Corporate entity formation and maintenance, including SOS filings, document drafting, applying for EINs, and obtaining Good Standing Certificates
- Draft and compile resolutions, incumbency certificates, no change certificates, etc.
- Coordinate corporate reporting items with other departments.
- Coordinate opening of entity bank accounts with accounting department
- Populate online portals for financial partners
- Manage draft loan documents for commercial loan closings
- Manage UCC Terminations
- Excellent verbal and written communication skills.
- Excellent organizational skills and attention to detail.
- Excellent time management skills with a proven ability to meet deadlines.
- Works well in a team setting
- Strong analytical and problem-solving skills.
- Ability to maintain confidentiality, and to exercise discretion and good judgment.
- Proficient with Microsoft Office Suite or related software.
- Associates Degree in related field preferred but not required
- Three (3) plus years legal or corporate experience preferred but not required
- Paralegal certification helpful but not required
- Commercial real estate transaction or loan closing experience a plus