Fund Analyst, Fund Management

CREA, LLC•Indianapolis, IN

9h•Hybrid

About The Position

CREA, LLC is a full-service low-income housing tax credit (LIHTC) syndicator forming long-term relationships with investors and developers that cultivate success and improve lives. With nearly 25 years in affordable housing, CREA has raised $13.5 billion, resulting in the formation of over 97,500 homes within 958 communities across the country. Thanks to the contributions of over 135 employees, CREA continues to seek talented and passionate individuals who are excited about opportunities to grow with us in the future. We are looking to add a talented Fund Analyst to the Fund Management department in the Indianapolis CREA office. Physical Presence: In-Office | Tue – Thu; Flexible | Mon & Fri Open to: Indianapolis, IN Reports to: Senior Vice President, Fund Management CREA is seeking a Fund Analyst to join our Fund Management team. This role is responsible for monitoring, managing, and tracking financial activity for a portfolio of tax credit funds, as well as preparing analyses and materials for Senior Analysts and Vice Presidents that are shared with investors. This position offers exposure to all phases of fund operations and the opportunity to build deep expertise within the LIHTC space.

Requirements

Bachelor’s degree in Accounting, Finance, or a related business field
Two or more years of relevant experience preferred, particularly in LIHTC, affordable housing, or public accounting
Strong communication skills with the ability to interact effectively with investors, lenders, developers, and internal partners
High level of organization, attention to detail, and ability to manage multiple priorities
Proficiency in Microsoft Office, with advanced Excel skills
Willingness to work overtime during peak reporting periods
Candidates must have current authorization to work in the U.S. This role does not provide visa sponsorship now or in the future.

Responsibilities

Coordinate with Asset Management and Syndication to plan upcoming capital calls
Prepare investor capital call requests
Partner with Accounting to draw on bridge lines as needed
Manage monthly cash positions and perform reconciliations
Review lower-tier partnership tax returns and audits
Update project-level financial models quarterly and annually
Support fund auditors during preliminary and year-end fieldwork
Generate and post monthly journal entries for assigned fund entities
Assist with the preparation and analysis of quarterly investor reports, including:
Fund and project benefit schedules
Fund- and project-level summary reports
Cash reserve projections
Fund financial statements
Investor narratives highlighting key fund features
Quarterly investor yield calculations
Review partnership accountant capacity and expertise
Research and calculate applicable state taxes
Review draft Limited Partnership Agreements
Develop and maintain post-closing financial models for new partnerships
Maintain and analyze data within tax credit software
Create and implement custom reporting
Prepare internal reports for senior management and internal controls
Participate in special projects as needed