LIHTC Underwriter Associate

Advantage Capital • St. Louis, MO

121d

About The Position

The LIHTC Associate is responsible for underwriting, closing, and managing risk associated with Low Income Housing Tax Credit (LIHTC) equity investments and/or debt products. This role requires a strong understanding of financial modeling related to real estate and LIHTC, as well as the ability to identify key risks and mitigants for new construction and acquisition/rehab properties utilizing the LIHTC program. The associate will drive the closing process, ensuring all necessary documentation and due diligence are completed accurately and timely. The position demands a high level of customer service while adhering to risk management procedures and controls.

Requirements

• Bachelor’s Degree in Business Administration, Finance, Urban Planning/Real Estate, or Engineering or sufficient experience
• Strong knowledge of federal and state LIHTC programs
• Strong knowledge of government programs for affordable housing and community reinvestment
• Minimum 3 years of experience in Low Income Housing Tax Credit and Community Lending industry with underwriting and/or risk management experience
• Strong communication skills both written and verbal
• Attention to detail
• Advanced proficiency in MS Office suite (Excel, Word, PowerPoint), and Salesforce

Nice To Haves

• 5+ years' experience underwriting, originating, or closing community development loans and/or equity investments

Responsibilities

• Underwrite real estate/LIHTC financial modeling to facilitate Credit approval.
• Identify key risks and mitigants for new construction and acquisition/rehab properties utilizing the LIHTC program.
• Demonstrate working knowledge of state and federal LIHTC programs.
• Understand operating agreements and limited partnership agreements.
• Drive the closing process with clients, utilizing checklists to monitor progress of closing items.
• Identify conditions to be satisfied for closing and review due diligence for transactions.
• Review documentation to ensure accurate representation of business terms and conformity to approvals.
• Provide superior service to clients while maintaining risk management procedures.
• Communicate problems/issues clearly and elevate appropriately.
• Ensure clear and timely communication of deal progress to stakeholders.

What This Job Offers

• Career Level: Mid Level
• Education Level: Bachelor's degree