Underwriter, LIHTC Acquisitions

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, and 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, and 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 that will enable repeat origination opportunities.
• 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, and timely preparation and regular updates to the Transaction Summary format as required by the originator and the process checklist.
• Assist with and attend deal closings or other customer service coverage enhancement opportunities (if requested by the originator or director of underwriting) and 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.

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, including familiarity with apartment market dynamics in both urban and suburban areas and relevant industry policies, issues, and programs.
• Extensive knowledge of LIHTC required.
• Strong financial analysis skills required, including advanced Excel modeling capabilities.
• Experience closing real estate transactions highly preferred.

Execution and Operational Performance

• Manage multiple tasks effectively under significant time pressure and meet closing deadlines.
• Show strong organizational skills, with the ability to coordinate complex activities, prioritize competing demands, and meet deadlines.
• Maintain a big-picture perspective while attending closely to detail and producing thorough documentation.
• Solve problems effectively and communicate clearly in writing and verbally.
• Demonstrate professionalism, diplomacy, composure, flexibility, and adaptability in a variety of situations.

Communication and Collaboration

• Show strong writing and editing skills needed to produce correspondence and reports.
• Show demonstrated verbal communication and interpersonal skills to represent the company effectively to all parties.
• Show proficiency in Microsoft Word required; PowerPoint proficiency a plus.

Total Rewards

• The base salary for this role is $120,000 to $130,000, depending on level of skills and experience.
• Benefits include dental, health, and vision care plans, as well as family-building benefits, such as fertility, adoption, surrogacy support, and gender-affirming care.
• Flexible work arrangements to promote a better work-life balance.
• 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.