Associate, Direct Pay – Climate United

About Climate United

Climate United will use funding from the EPA under the Inflation Reduction Act to rapidly deploy low- and zero-emission products, technologies, and services to all American communities in order to (1) reduce GHG emissions and other forms of air pollutants; (2) bring direct benefits to American communities in the form of energy security, energy savings, cleaner air, and quality jobs; and (3) transform the capital markets so they can drive an equitable clean energy transition at scale. Visit Climate United (weareclimateunited.org) for more information. Climate United will focus its investments in Distributed Power Generation and Storage, Building Decarbonization and Electric Transportation. Calvert Impact, Inc., a 501(c)(3) nonprofit (Calvert Impact), is sole member of Climate United. The successful candidate will be employed by Calvert Impact or one of its subsidiaries.

Job Description

Climate United Fund, a 501(c)(3) nonprofit (Climate United), is seeking a full-time Associate, Direct Pay Program to direct, coordinate and effectuate our direct pay initiatives. Reporting to the Director of Portfolio Compliance, the Associate will play a critical role in developing and implementing compliance strategies to uphold programmatic requirements and statutory obligations related to direct pay initiatives.

Key Responsibilities

• Develop and execute a comprehensive framework tailored to direct pay initiatives, ensuring adherence to programmatic and statutory requirements.
• Prepare and file tax forms essential for CUF to claim tax credits, ensuring compliance with current tax laws and regulations.
• Maintain awareness of filing deadlines and payment schedules, ensuring timely submission of tax forms
• Organize and manage tax records meticulously, adhering to CUFs standards and regulatory mandates.
• Assist in tax audits by compiling and organizing pertinent financial information and documentation.
• Serve as the primary liaison for direct pay compliance matters, fostering collaborative relationships with stakeholders and facilitating effective communication channels.
• Collaborate closely with cross-functional teams, including finance, investments and legal departments, to operationalize the direct pay program.
• Conduct regular reviews and assessments of direct pay compliance controls, identifying opportunities for enhancement and optimization.
• Stay abreast of changes in federal tax regulations and grant requirements pertinent to direct pay initiatives, adapting compliance strategies accordingly.
• Promote a culture of compliance and ethics within the organization, raising awareness and understanding of compliance obligations among staff members.

Required Qualifications

• 5+ years of experience in program compliance or federal grant management, with a focus on direct pay initiatives.
• Knowledge of tax laws and regulations, preferably with coursework in taxation.
• Strong attention to detail and organizational skills for accurately preparing and maintaining tax records.
• Understanding of relevant federal regulations governing direct pay initiatives a plus.
• Proven track record in designing and implementing compliance programs within complex organizational structures.
• Strong leadership abilities, demonstrated through effective team management and development.
• Excellent communication and interpersonal skills, with the ability to engage and influence stakeholders across all levels of the organization.
• Strategic mindset with the capability to align compliance initiatives with organizational goals and mission.
• Bachelor’s degree in a relevant field.
• Passionate about the mission and work of Climate United, Calvert Impact, and committed to justice, equity, diversity, and inclusion.
• Willingness to travel up to 30%, primarily within the US, and ability to work from the Washington, DC area or be willing to come into the office quarterly for team collaboration.

Calvert Impact is a global nonprofit investment firm that helps investors and financial professionals invest in solutions that people and the planet need. During its 25-year history, Calvert Impact has mobilized over $4 billion to grow local community and green finance organizations through its flagship Community Investment Note and structuring services. Calvert Impact uses its unique position to bring the capital markets and communities closer together. More at calvertimpact.org.