Development Lihtc Jobs in Indiana (NOW HIRING)

Description

Merchants Bancorp is seeking a strategic and accomplished tax executive to serve as our next Senior Vice President, Head of Tax. While headquartered in Carmel, Indiana, Merchants is far more than a traditional regional bank. As a diversified financial holding company with more than $21 billion in assets, we operate a nationwide platform spanning multifamily housing and healthcare finance, mortgage warehouse lending, tax-advantaged investment platforms, residential mortgage banking, agricultural lending, and community banking. In this highly visible leadership role, you will shape and execute the enterprise tax strategy across a complex multi-entity organization, partnering with executive leadership and the Board to drive compliance, optimize tax outcomes, and support business growth across our diverse national lending and investment platforms. This is a unique opportunity for a hands-on tax leader to make a meaningful impact within a dynamic, growth-oriented organization while working alongside a collaborative team at our corporate headquarters in Carmel, Indiana.

Senior Vice President, Head of Tax can do the following confidently and independently...Tax Strategy & Planning

• Develop and execute the Company’s enterprise tax strategy to responsibly optimize the effective tax rate while managing risk and maintaining full compliance.
• Lead tax planning for tax-advantaged investments, including Low-Income Housing Tax Credits (LIHTC), and advise on the proportional amortization method and related GAAP/tax positions.
• Evaluate and structure federal and state tax credit opportunities (e.g., R&D, energy, and state-specific credits), coordinating with external advisors such as KPMG.
• Provide tax guidance on M&A, new business lines, entity structuring, and intercompany transactions across the MBIN/MBI/MCC/MCI family of entities.
• Partner with the CFO and business leaders on balance-sheet optimization initiatives that carry tax implications (e.g., asset placement across legal entities for tax efficiency).
• Tax Provision & Financial Reporting
• Own the quarterly and annual income tax provision (ASC 740), including current and deferred tax calculations, valuation allowance analysis, and effective tax rate reconciliation.
• Ensure accurate and timely tax disclosures in SEC filings (10-Q, 10-K) in coordination with SEC Reporting and external auditors.
• Maintain robust documentation and support for uncertain tax positions (FIN 48 / ASC 740-10).

Compliance & Operations

• Oversee the preparation and timely filing of all tax returns across all entities—federal, state, and local income, franchise, and information returns.
• Own all non-income tax obligations across the enterprise, including property, sales/use, and other transaction and excise taxes.
• Manage tax audits, notices, and examinations with federal, state, and local authorities, serving as the Company’s primary point of contact.
• Monitor legislative and regulatory developments, assess impact to the Company, and communicate implications to management.

Controls, Risk & Governance

• Establish and maintain effective internal controls over tax accounting and reporting consistent with SOX requirements.
• Develop tax policies, procedures, and documentation standards suitable for audit and examination.
• Present tax matters, strategy, and risk assessments to senior management, the Audit Committee, and the Board as needed.

Leadership & Collaboration

• Lead, mentor, and develop the existing tax team while building out its structure, talent, processes, and technology roadmap to enhance enterprise capabilities.
• Manage relationships with external tax advisors, auditors, and consultants, ensuring value and accountability.
• Partner cross-functionally with Finance, Accounting, Treasury, Legal, and the business verticals to embed tax considerations into decision-making.

Controls, Risk & Governance

• Establish and maintain effective internal controls over tax accounting and reporting consistent with SOX requirements.
• Develop tax policies, procedures, and documentation standards suitable for audit and examination.
• Present tax matters, strategy, and risk assessments to senior management, the Audit Committee, and the Board as needed.

Leadership & Collaboration

• Lead, mentor, and develop the existing tax team while building out its structure, talent, processes, and technology roadmap to enhance enterprise capabilities.
• Manage relationships with external tax advisors, auditors, and consultants, ensuring value and accountability.
• Partner cross-functionally with Finance, Accounting, Treasury, Legal, and the business verticals to embed tax considerations into decision-making.

Reports to the Chief Accounting Officer, Merchants Bank.

RequirementsWhat we are looking for...Required

• Bachelor’s degree in Accounting, Finance, or related field; and licensed CPA.
• 10+ years of progressive corporate and/or public accounting tax experience, preferably including significant tenure at a Big Four or large national public accounting firm.
• Deep, hands‑on expertise in ASC 740 income tax accounting and federal/state corporate tax compliance.
• Demonstrated experience leading tax planning and structuring for complex, multi‑entity organizations.
• Strong knowledge of tax matters affecting financial institutions and/or real estate, including tax credits (LIHTC and others).
• Proven ability to manage tax audits and interface with taxing authorities and external auditors.

Preferred

• Master’s in Taxation (MST) or JD/LLM in Tax.
• Prior experience in banking, mortgage, or specialty finance; familiarity with bank holding company structures.
• Experience with LIHTC, historic, energy, or other investment tax credit programs and partnership taxation.
• Experience enhancing an in-house tax function—maturing processes, controls, and technology within an existing team.

Our Benefits

• Our comprehensive benefits package includes medical, dental and vision coverage, 401(k) and Employee Stock Ownership Plan (ESOP) participation, generous paid time off, wellness resources, and a standout Tuition Assistance Program that covers 100% of eligible tuition expenses, as well as required books and materials.

About Merchants

Ranked among the top-performing U.S. public banks by S&P Global Market Intelligence, Merchants Bancorp is a diversified financial holding company headquartered in Carmel, Indiana. Through its banking, mortgage, investment, and lending platforms, the Company operates nationwide across multifamily housing and healthcare finance, mortgage warehouse lending, tax-advantaged investment programs, residential mortgage banking, agricultural lending, and traditional community banking. With approximately $21.2 billion in assets and $14.3 billion in deposits as of June 30, 2026, Merchants conducts its business through a family of specialized subsidiaries, including Merchants Bank of Indiana, Merchants Capital Corp., Merchants Capital Investments, LLC, Merchants Capital Servicing, LLC, Merchants Investment Partners, LLC, and Merchants Mortgage, a division of Merchants Bank. Merchants offers the entrepreneurial spirit of a growth-oriented organization paired with the stability, sophistication, and national reach of a diversified financial institution.

Merchants Bank and Merchants Capital have recently been honored with the 2025 USA Today Top Workplaces recognition, ranking 22nd nationally within the 500-999 employee category. This is the second year that Merchants has been recognized with this award. These accolades build on our strong history of workplace recognition, including being named a Best Place to Work in Indiana for seven consecutive years (2016–2022). For more information read the entire article here.