Asset Analyst (Central Region)

National Equity Fund•Chicago, IL

3d•Onsite

About The Position

National Equity Fund, Inc. (NEF), a nonprofit syndicator of low-income housing tax credits, is seeking an Asset Analyst for the Central Region. Based in Chicago, the analyst will join a Transaction and Asset Operations Team and provide analytical and technical support to the Regional Managing Director and Asset Managers. The role involves tracking and reviewing investment documents, maintaining project files and databases, completing LIHTC compliance reviews, and conducting research and other assigned projects. The Asset Analyst supports assigned investments from closing through stabilization, operations, and disposition. The position reviews financial and operating information, monitors project and partnership risks and regulatory compliance, maintains accurate portfolio records, and prepares reports and analyses. The role also communicates with sponsors, property managers, accountants, lenders, compliance providers, and internal partners, and participates in departmental initiatives and special projects. Candidates are sought in Chicago. Travel may be required.

Requirements

Knowledge of multifamily real estate, including affordable housing operations, property management, and financial analyses.
At least 3 years of experience in affordable housing, real estate, finance, rent-restricted multifamily asset or property management, or community development.
Bachelor’s degree in real estate finance, economics, business, accounting, or a related field.
Strong financial analysis skills and knowledge.
Keen analytical skills and attention to detail.
Ability to identify, interpret, and communicate risks.
Demonstrated relationship-building skills with colleagues and customers.
Proficiency in Microsoft Excel, Word, PowerPoint, and database or portfolio-management systems.
Self-directed, collaborative, adaptable, and accountable, with initiative, curiosity, problem-solving ability, and commitment to continuous process improvement.
Excellent organization and follow-through, with the ability to manage multiple priorities, recurring deadlines, and high-volume information accurately.
Ability to grasp business issues quickly, develop effective solutions, address complex issues among demanding parties, and seek win-win resolutions.
Strong written and verbal communication skills, including the ability to prepare concise, logical written documents and communicate effectively.
Ability and willingness to travel as required.
Comfort working in a fast-paced, multi-task environment within a cross-functional team and willingness to tolerate ambiguity and risk.

Nice To Haves

Substantive experience with and technical knowledge of Section 42 and real estate syndication.
Experience with Power BI or similar reporting tools.

Responsibilities

Assist Asset Managers in monitoring assigned investments from closing through stabilization, operations, and disposition, with responsibilities calibrated to portfolio needs.
Collect, input, review, and analyze quarterly and annual financial statements, budgets, rent rolls, operating reports, construction and lease-up reports, and other required deliverables.
Compare actual results with projections, prior periods, and approved budgets; investigate material variances and elevate concerns.
Assist Managers in assessing project and partnership risk factors.
Monitor compliance with Section 42 (LIHTC) provisions and partnership agreement conditions.
Collect, input, and analyze compliance reports and certifications.
Review sponsor and property managers’ organizational capabilities and management systems for meeting Section 42 and other regulatory obligations.
Perform tenant file reviews and follow up on deficiencies or 8823 filings.
Monitor construction completion, lease-up, and qualified occupancy; review supporting documentation and coordinate follow-up on missing items, delays, or conditions requiring Asset Manager attention.
Track owner certifications, tenant file reviews, compliance findings, 8823 notices, correction documentation, and other partnership-agreement or regulatory requirements.
Maintain accurate project records, documents, key dates, contacts, assignments, and portfolio data in SMT and other approved systems.
Perform data-quality checks and resolve discrepancies to support reliable internal and investor reporting.
Prepare recurring and ad hoc portfolio reports, dashboards, schedules, and analyses using Excel and other approved tools.
Identify trends, exceptions, and early warning indicators, and present findings clearly to Asset Managers and department leadership.
Communicate with sponsors, property managers, accountants, lenders, compliance providers, and internal partners to obtain information, resolve routine issues, document follow-up, and support timely decisions and deliverables.
Participate in process-improvement, data-quality, portfolio-integration, training, and other departmental initiatives, and undertake special projects as assigned.