Due Diligence Coordinator - LIHTC

About the role

The Due Diligence Coordinator supports Project Managers in the closing and evaluation of equity investments in affordable rental housing utilizing Low-Income Housing Tax Credit (LIHTC) financing, as well as with the processing of equity disbursements and monitoring of LIHTC project partnership requirements through stabilization. This is an external and internal customer-oriented position.

Responsibilities

• Sets up and maintains portal sites for due diligence sharing related to project closings, and on an as-needed basis for post-closing equity installments.
• Captures the status of project due diligence with detailed notes.
• Coordinates with project managers and outside counsel to ensure checklists are updated and circulated to the working group prior to project calls.
• Participates in project due diligence and financing calls.
• Develops good rapport with project partners and responds to questions related to the due diligence process and/or documentation.
• Disseminates approved due diligence to investors and assists project managers with responding to investor queries and requests.
• Reviews project due diligence for completeness and accuracy.
• Ensures documents are signed and dated correctly.
• Completes closing binders for projects following the lower-tier project partnership closing, and migrates them from the portal share site to the company network.
• Works with project managers to process insurance waivers for internal approval, and investor approval as needed.
• Communicates with third-party insurance consultants to ensure that all insurance certificates are received and approved for closing and equity disbursements.
• Coordinates the revision of project-specific insurance requirements in project partnership agreements.
• Coordinates environmental reviews, managing communication with and payment to third-party environmental firms.
• Affords assistance to project managers in ensuring environmental reports are up to date for closing, as needed.

Qualifications

• Bachelor's Degree in real estate development or equivalent, finance, accounting, or urban planning preferred.
• 4-6 years LIHTC experience required.
• Experience on the closing team for LIHTC transactions strongly preferred.
• Experience with the escrow process preferred.
• Exceptional organizational skills, highly attentive to detail, and able to perform tasks with limited supervision in a time-sensitive work environment.
• Good client and public presentation skills; excellent oral and written communication skills.
• Maintain the strictest confidence when handling confidential and non-routine information and matters.
• Ability to initiate and maintain effective and cooperative working relationships with team members, government agencies, consultants, lenders, investors, and developers.
• Knowledge of key aspects of real estate development, land use and entitlement, property due diligence and acquisition, and site planning and design.
• Conform with and abide by all regulations, policies, work procedures, and instructions.

Skills

• Strong organizational and attention to detail skills.
• Excellent communication and interpersonal skills.
• Ability to manage multiple tasks simultaneously.
• Proficiency in Microsoft Office Suite.
• Understanding of real estate development and LIHTC transactions.

Benefits

We are committed to offering competitive and equitable compensation. The hiring range for this position is generally between $95,000 - $110,000, exclusive of fringe benefits or potential bonuses. This position is also eligible for a performance bonus. Final salaries will be determined based on factors such as geographic location, skills, education, licenses, certifications, and/or experience. In addition to these factors - we believe in the importance of pay equity. Please keep in mind that the range mentioned above is the general Hiring Range for the role. Hiring at the top of the range is reserved for exceptionally qualified candidates. We consider internal and external factors as a part of every final offer. We also offer a generous total compensation and benefits package. Benefits include paid time off, medical, dental, life and disability insurance, HSA/FSA accounts, retirement, rewards programs, and so much more!

Pay

We are committed to offering competitive and equitable compensation. The hiring range for this position is generally between $95,000 - $110,000, exclusive of fringe benefits or potential bonuses. This position is also eligible for a performance bonus. Final salaries will be determined based on factors such as geographic location, skills, education, licenses, certifications, and/or experience. In addition to these factors - we believe in the importance of pay equity. Please keep in mind that the range mentioned above is the general Hiring Range for the role. Hiring at the top of the range is reserved for exceptionally qualified candidates. We consider internal and external factors as a part of every final offer. We also offer a generous total compensation and benefits package. Benefits include paid time off, medical, dental, life and disability insurance, HSA/FSA accounts, retirement, rewards programs, and so much more!

Schedule

Occasional travel is required for site visits (on a limited basis), off-site training, and company events.