We are a national nonprofit that exists to make a good home possible for the millions of families without one.
Underwriter, LIHTC Acquisitions
Location
United States
Posted
35 days ago
Salary
$120K - $130K / year
Seniority
Mid Level
No structured requirement data.
Job Description
Underwriter, LIHTC Acquisitions
Enterprise Community Partners
Role Description Enterprise Community Investment is seeking an experienced individual with affordable housing and/or LIHTC experience to underwrite low-income housing tax credit investments. Extensive knowledge of LIHTC (Low Income Housing Tax Credits) along with strong financial analysis skills is required. Job Responsibilities - Underwrite tax credit investments as assigned, including completion of the following underwriting tasks: - sponsorship analysis - market analysis - sources and uses and capital structure analysis - income and expense underwriting - tax credit documentation analysis - Obtain due diligence materials from the client, conduct site visits as needed, review project loan documents and the LP agreement for material business terms. - Participate with the originator in conference calls with customers. - Prepare and present requests for investment committee approval and investor review, including narrative descriptions, charts, graphs, and tables illustrating pertinent aspects of the proposed investment. - Communicate and manage customer expectations through the underwriting process using a positive and proactive approach. - Provide regular communication to the originator and director of underwriting regarding deal underwriting progress, including: - process checklist review - due diligence review - transaction timing - issue identification - timely preparation and regular updates to the Transaction Summary format - Assist with and attend deal closings or other customer service coverage enhancement opportunities. - Help complete and organize closed deal files for transition to Asset Management. - Assist with other Syndication priorities as requested (e.g., asset management, investor relations, and assistance to other lines of business). - Participate in and contribute to group meetings and discussions. - Perform other duties as assigned. Qualifications - Bachelor’s degree in Business, Accounting, Finance, or a related field required; master’s degree preferred. - 3–5+ years of experience in real estate finance, affordable housing, and/or the Low-Income Housing Tax Credit (LIHTC) program. - Extensive knowledge of LIHTC required. - Strong financial analysis skills required, including advanced Excel modeling capabilities. - Experience closing real estate transactions highly preferred. Requirements - Ability to manage multiple tasks effectively under significant time pressure and meet closing deadlines. - Strong organizational skills, with the ability to coordinate complex activities, prioritize competing demands, and meet deadlines. - Ability to maintain a big-picture perspective while attending closely to detail and producing thorough documentation. - Demonstrated ability to work productively and accurately in a fast-paced environment while managing multiple projects and stringent deadlines. - Strong writing and editing skills needed to produce correspondence and reports. - Demonstrated verbal communication and interpersonal skills to represent the company effectively to all parties. - Proficiency in Microsoft Word required; PowerPoint proficiency a plus. - Highly motivated, with the ability to work independently, solve problems effectively, and communicate clearly in writing and verbally. - Demonstrated professionalism, diplomacy, composure, flexibility, and adaptability in a variety of situations. - Ability to work evening and weekend hours during peak periods. Benefits - Comprehensive total rewards package for you and your family. - Base salary for this role is $120,000 to $130,000, depending on level of skills and experience. - Annual performance bonuses and generous paid leave programs. - Dental, health, and vision care plans. - Family-building benefits, such as fertility, adoption, surrogacy support, and gender-affirming care. - Flexible work arrangements to promote a better work-life balance. - Health advocacy, EAP, and mental health benefits. - Financial education, wellness programs, and auto-enrollment in the company's 401(k) plan with employer matching contributions. - Learning and development opportunities, including tuition reimbursement for job-related courses and certifications.
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