[Remote] Underwriter, LIHTC Acquisitions

Note: The job is a remote job and is open to candidates in USA. Enterprise Community Partners is a national nonprofit dedicated to making a good home possible for families without one. The Underwriter for LIHTC Acquisitions will be responsible for underwriting low-income housing tax credit investments, conducting financial analysis, and managing customer expectations throughout the underwriting process.

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
• As part of processing each transaction, 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
• Under the direction of the originator and director of underwriting, 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
• Perform other duties as assigned

Skills

• 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
• 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
• Expected to demonstrate strong ethics in interpersonal relationships and to work effectively as a collaborative team member
• Ability to work evening and weekend hours during peak periods
• Experience closing real estate transactions highly preferred

Benefits

• Annual performance bonuses
• 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
• 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

Company Overview

Company H1B Sponsorship