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Credit Director
Enterprise Community Partners. Analyze risk related to affordable rental housing investments utilizing Low-Income Housing Tax Credit (LIHTC) financing .
About the role
Key responsibilities & impact- Analyze risk related to affordable rental housing investments utilizing Low-Income Housing Tax Credit (LIHTC) financing
- Review and evaluate Preliminary Investment Reviews (PIRs), Market Analyses (MAs), Investment Analyses (IAs), Closing Memos, and supporting documentation
- Act as a resource throughout acquisition and underwriting processes to evaluate risk factors
- Provide Credit oversight for investor documentation and third-party legal review for fund closing and/or deal placement
- Contribute to knowledge of evolving risk issues and industry responses
- Perform sponsor capacity evaluations for new and high-volume partners
- Interact with investors
- Participate in site visits
- Manage external resources such as REIS and ESRI accounts and third-party market analysts
- Maintain and update policies and procedures
- Support sponsor financial review processes during peak periods
- Assist with process improvement and document maintenance for IA and MA forms
- Provide training and support to new Underwriters and Analysts
- Consult with Syndication Associates on risk issues related to due diligence
Requirements
What you’ll need- Bachelor’s Degree in Urban Planning, Finance, or equivalent and 10+ years’ relevant experience, or Master’s degree and 5+ years’ relevant experience
- Excellent analytical skills and knowledge of LIHTC equity underwriting and other multifamily real estate feasibility analyses
- Effective written and verbal communication
- Ability to maintain positive, productive working relationships with internal and external partners
- Experience coordinating complex activities, prioritizing conflicting demands, and meeting deadlines
- Highly motivated and able to work independently
- Availability to work evening and weekend hours during peak periods
- Willingness to travel as needed
- High level of ethics
Benefits
Comp & perks- Annual performance bonuses
- Generous paid leave programs
- Dental, health, and vision care plans
- Adoption and surrogacy support
- Flexible work arrangements
- Health advocacy
- Employee Assistance Program (EAP)
- Mental health benefits
- Financial education
- Wellness programs
- Auto-enrollment in the company’s 401(k) plan with employer matching contributions
- Learning and development opportunities
- Tuition reimbursement for job-related courses and certifications