Tax Credit Administrator

About Working at Commerce 

Building a career here is more than just steps on a ladder. It’s about helping people find financial safety and success, helping businesses thrive, and making sure people and their money are taken care of. And our commitment doesn’t stop there. Our culture is about our people, the ones in our communities and the ones that work with us.  

Here, you’ll find opportunities to grow and learn, to connect with others, and build relationships with the people around you. You’ll have the space and resources to grow into the best version of yourself. Because our number one investment is you.

Creating an award-winning culture doesn't come easy. And after more than 155 years, we know Commerce Bank is only at its best when our people are. If this sounds interesting to you, keep reading and let’s talk. 

Compensation Range

Hourly: $29.90 - $35.00 (Amount based on relevant experience, skills, and competencies.)

About This Job

The main purpose of this job is to handle closings for Tax Credit purchases, payments for Tax Credit purchases, and processing of payment resulting from Tax Credit purchases.

Essential Functions

• Monitor all required collateral documentation for Tax Credit Services

• Maintain reports used for tracking and reporting Tax Credit Purchases and Sales

• Maintain, create, and organize paper and electronic files for wire transfers and fundings in assigned states

• Quickly and efficiently transfer documents required for funding clients

• Assist in communications with large certified public accounting firms for establishing needs of their nationwide customers

• Assist with establishing new certified public accountant contacts for selling certificated credits

• Maintain rapport with key personnel at respective State Historic Preservation offices in assigned states

• Assist with department wire transfers up to assigned limits

• Perform routine administrative duties including expense reports, coordinating internal referral fees, identifying internal bank tax needs, and coordinating with internal business partners

• Supplements business development efforts such as researching prospects, identifying leads, and organizing data

• Perform other duties as assigned

Knowledge, Skills & Abilities Required

• Basic understanding of State Tax Credit industry and the state statutes where business is conducted including knowledge of best practices

• Basic administrative skills for software/applications and reconciliation policy

• Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities

• Inquisitive, agile, and strong team player with excellent written, verbal, and interpersonal communication skills

• Ability to remain adaptable and resilient to all situations with an optimistic outlook and cast a positive shadow that is aligned with our culture and Core Values

• Proficiency with Microsoft Word, Excel, Teams, and Outlook  

Education & Experience

• Bachelor’s degree in business administration, paralegal studies, or equivalent combination of education and experience required

• 2 + years business operations experience required

• Tax Credit industry experience preferred

***For individuals applying, assigned and/or hired to work in areas with pay transparency requirements, Commerce is required by law to include a reasonable estimate of the compensation range for some roles.  This compensation range is for the Tax Credit Administrator and contemplates a wide range of factors that are considered in making compensation decisions, including but not limited to location, skill sets, education, relevant experience and training, licensure and certifications, and other business and organizational needs. The disclosed range estimate has not been adjusted for any applicable differentials (geographic, bilingual, or shift) that could be associated with the position or where it is filled. At Commerce, compensation decisions are dependent on the facts and circumstances of each situation. A reasonable estimate of the current base pay is $29.90 to $35.00 per hour.

The candidate selected for this position may be eligible for the following employment benefits: employer sponsored health, dental, and vision insurance, 401(k), life insurance, paid vacation, and paid personal time. In addition, we offer career development, education assistance, and voluntary supplemental benefits.  Click here to learn more.

Location: 8001 Forsyth Blvd, St. Louis, Missouri 63105

Time Type:

Full time