LIHTC, Sr. Underwriter

Enterprise Community Partners

22h • $120,000 - $130,000

About The Position

Enterprise Community Investment is seeking an experienced individual with affordable housing and/or LIHTC experience to underwrite low-income housing tax credit investments. Extensive knowledge of LIHTC (Low Income Housing Tax Credits) along with strong financial analysis skills is required.

Requirements

• Bachelor’s degree in Business, Accounting, Finance, or a related field required; master’s degree preferred.
• 6–8+ 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 and relevant industry policies, issues, and programs.
• Extensive knowledge of LIHTC required.
• Strong financial analysis skills required, including advanced Excel modeling capabilities.
• Experience closing real estate transactions highly preferred.
• 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.

Nice To Haves

• master’s degree preferred
• Experience closing real estate transactions highly preferred
• PowerPoint proficiency a plus

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.
• Underwrite a high volume of and/or highly complex transactions that require a high level of coordination with clients.
• 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 group meetings, discussions, and ongoing process improvement efforts. Mentor and assist with training of newer staff.
• Perform other duties as assigned.

Benefits

• dental, health, and vision care plans
• family-building benefits, such as fertility, adoption, surrogacy support, and gender-affirming care
• flexible work arrangements
• health advocacy
• 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
• generous paid leave programs
• annual performance bonuses

What This Job Offers

• Job Type: Full-time
• Career Level: Senior