AVP, Acquisitions Associate
CREA, LLC · New York, NY · 1 mo ago
HybridAnalyst$98k–$162k/yrFull-time
Position Summary
CREA is seeking a driven, collaborative acquisitions professional to partner with the SVP, Originator in managing and advancing a pipeline of LIHTC development opportunities under Section 42 of the Internal Revenue Code. In this role, you will play a key part in conducting financial analysis, preparing investment committee packages, and coordinating materials in support of prospective investment opportunities. You will work closely with developers, third-party lenders, legal counsel, and internal CREA stakeholders across all levels, requiring strong communication skills and the ability to effectively manage relationships throughout the transaction lifecycle.
Primary Responsibilities
- Maintain disciplined oversight and milestones of LIHTC transaction pipeline from prospect to signed Letter of Intent
- Represent CREA internally and externally on behalf of SVP, Originator
- Create, analyze, and update financial projections for affordable multifamily LIHTC residential properties, and assist in facilitating project structuring solutions amendable to both CREA and its developers
- Review market studies, pro-formas, LIHTC applications, and sponsorship information to ensure conformance with specified investment requirements
- Prepare transaction Placement Committee package inclusive of thorough project and development team overview, guarantor analysis and risk mitigants
- Cordination across internal groups to source information for Placement Committee package
- Prepare Letters of Intent and coordinate the analysis and incorporation of comments and post-Placement Committee approvals
- Other duties, as requested by the SVP, Originator
Requirements
- Bachelor’s degree required; Finance, Accounting, or Real Estate preferred
- Minimum of 3 years of experience in financial analysis, financial modeling, and transactional multifamily LIHTC real estate
- Strong communication and time management skills, with the ability to effectively collaborate with senior management and a broad external client base
- Proficiency in Microsoft Office Suite, with advanced capabilities in Excel and working knowledge of Word
- Ability to demonstrate effectiveness across all required core competencies
- Ability to handle sensitive and confidential information with a high degree of discretion
- Highly organized with strong attention to detail and the ability to effectively prioritize and manage multiple transactions
- Capable of working independently with minimal supervision while maintaining quality and accountability
Core Competencies
- Demonstrates integrity, professionalism, reliability, and sound judgment
- Proactive, self-motivated approach with the ability to take initiative
- Strong analytical, interpersonal, and communication skills, including clear and effective written and verbal communication
- Capable of handling sensitive and confidential information with a high degree of discretion
- Highly organized with strong attention to detail and the ability to effectively prioritize and manage multiple transactions