Community Investment Analyst

Evernorth•Portland, ME

7d•$29 - $36

About The Position

The Community Investments Analyst supports Evernorth’s Community Investments department in making affordable housing, economic, and community development investments. The role supports department staff across a broad pipeline of community investments, including Low-Income Housing Tax Credit (LIHTC) and New Markets Tax Credit (NMTC) opportunities, underwriting and due diligence, construction and capital installments, reporting, and post-closing impact data. The position also supports investment committee materials and meetings and develops knowledge of the investment, underwriting, closing, requisition, and capital installment processes. It reports to the Vice President, Community Investments and does not supervise anyone. The role requires a bachelor’s degree, a valid driver’s license, and a criminal background check. At least one year of comparable experience in multi-family, affordable housing, community development, economic development, or real estate investment or finance is required. Coursework in community development, real estate, or a related discipline is desired. Knowledge of affordable housing, community development, real estate, business lending, LIHTC, NMTC, or other federal financing programs, as well as experience with complex financial modeling and investment proposals, is preferred. Evernorth’s stated vision is that people in every community have an affordable place to live and opportunities to thrive. Its mission is to work with partners to connect underserved communities in northern New England with capital and expertise to advance projects and policies that create more inclusive places to live.

Requirements

Bachelor’s degree.
Valid driver’s license.
Successful completion of a criminal background check.
At least one year of comparable experience in multi-family, affordable housing, community development, economic development, or real estate investment or finance.
Interest in affordable housing or community development and commitment to Evernorth’s mission.
Willingness to learn and grow.
Strong written, verbal, and active listening skills.
Proficiency in Microsoft Office 365 and SharePoint, including Excel, Word, Teams, and Outlook.
Solution-oriented approach to problem solving.
Ability to understand complex real estate tax credit financing.
Strong organizational, analytical thinking, and financial analysis skills.
Ability to prioritize effectively in a fast-paced environment and manage multiple priorities and deadlines with attention to detail.
Ability to work well in a team with diverse individuals across locations and platforms.
Flexibility and focus.

Nice To Haves

Coursework in community development, real estate, or a related discipline.
Interest or knowledge of affordable housing, community development, real estate, business lending, LIHTC, NMTC, or other federal financing programs.
Experience with complex financial modeling and assisting with credit write-ups and/or investment proposals for real estate or business transactions.

Responsibilities

Assist with review of prospective LIHTC opportunities, including project intake, review of pro formas and tax credit applications, data entry into Evernorth’s proprietary syndication financial model, preliminary letters of interest, responses to equity investment proposal requests, and SharePoint updates.
Assist with review of prospective NMTC opportunities, including project intake, review of project materials, and SharePoint updates.
Support pre-closing due diligence, financial modeling, and LIHTC investment underwriting by preparing due diligence checklists and file folders, collecting and tracking partner information, initially reviewing due diligence materials, uploading information for external sharing, preparing Investment Proposal sections, and drafting legal intake forms.
Support Risk Management staff with construction and capital installments by transferring project data into internal tracking systems, providing backup construction requisition support, setting up capital installment folders, and assisting with administrative reporting.
Administer department reports and work with directors and staff to confirm updates and populate data fields.
Schedule internal and external meetings, take notes, and coordinate follow-up information and meeting needs.
Manage the LIHTC investment pipeline report, maintaining accurate and complete data, timely updates, quality control, and regular distribution.
Assist with post-closing collection, analysis, and maintenance of project outcomes and impact data and files.
Support the Vice President of Community Investments in preparing reports.
Assist in assembling Investment Committee materials and serve as backup coordinator and scheduler for external investment committee meetings and as a minute taker.
Participate in Investment Proposal and Committee meetings as required.
Develop skills and knowledge related to LIHTC, NMTC, Evernorth’s proprietary syndication financial model, investment underwriting, closing, requisitions, and capital installments.
Uphold corporate principles of respect, service, value, and partnership.
Perform other tasks reasonably requested by the Vice President of Community Investments, Director LIHTC Acquisitions, NMTC Program Manager, or Director of Risk Management.