LIHTC Underwriter - Associate

Fannie Mae • Washington, DC

1d • $85,000 - $110,000 • Hybrid

About The Position

Playing an essential role in the U.S. economy, Fannie Mae is foundational to housing finance. Here, your expertise can help fuel purpose-driven innovation that expands access to homeownership and affordable rental housing across the country. Join Fannie Mae to grow your career and help people find a place to call home. As a valued colleague on our Low-Income Housing Tax Credit (LIHTC) team, you will assist the team with overseeing customer network development and customer support activities, as well as supporting customer engagement opportunities. Since restarting its LIHTC platform in 2018, Fannie Mae has invested over $4 billion in proprietary and multi-investor funds. As a valued contributor to our dynamic team, you will help the LIHTC team originate new proprietary and multi-investor fund LIHTC investments through our syndicator partners. Additionally, you will be responsible for assigned activities for the team under the direction of senior team members.

Requirements

• Up to two (2) years of relevant experience underwriting LIHTC proprietary fund investments, with a demonstrated ability to maintain product and credit quality.
• Skilled in managing multiple and competing priorities to help the Head of Acquisitions, Director and other senior staff maintain a robust pipeline of prospective investments shown by syndicator partners.
• Highly motivated self-starter with good attention to detail.
• Team player with excellent interpersonal skills who is energized by working in a collaborative, dynamic and evolving team environment.
• Strong analytical, verbal, written and presentation communication skills.
• Ability to gather accurate information and explain concepts and answer critical questions verbally and in writing.
• Proven ability to work with people with different functional expertise respectfully and cooperatively towards a common goal.
• Skilled in Microsoft Office suite of products, particularly Excel, Word and PowerPoint.
• Demonstrates curiosity and adaptability by learning and responsibly applying new techniques, including artificial intelligence, to reimagine how we work.

Nice To Haves

• Bachelor’s degree or equivalent.
• Experience with equity or debt portfolio management software/systems (e.g. MRI, Salesforce, Yardi).
• Ability to navigate multiple systems, manage data and create reports.

Responsibilities

• Assist with customer (syndicator) relationships by working with the LIHTC team’s Head of Acquisitions, Director and other staff to communicate investment parameters, manage pipeline, and screen, model, price and negotiate letters of intent (LOIs) for multifamily proprietary LIHTC investments.
• Identify and assess the risk profile of potential proprietary LIHTC investments during the bidding process to ensure risks are addressed within LOIs and objectives are met within appropriate credit, investment and regulatory guidelines.
• Coordinate with internal and external teams to develop key milestones to achieve a seamless execution of LOIs and secure proprietary investments.
• Support the LIHTC team’s other business activities by participating in the underwriting, negotiating and closing of multi-investor fund investments and proprietary fund agreements, under the direction of the Head of Acquisitions and Director.
• Periodically assist the Head of Underwriting with the underwriting and closing of proprietary investments.
• Assist the Vice President, Chief Operating Officer and other senior staff in managing and updating processes related to internal stakeholders such as multifamily legal, risk, operations, finance, accounting and audit, as well as external stakeholders.
• Working with senior leadership, recommend business solutions based on analysis of internal and market data.
• Actively participate in special projects as needed.
• Potentially travel on a limited basis to visit prospective investments and markets.

Benefits

• Health, Life, Voluntary Lifestyle, and other benefits and perks that enhance an employee's physical, mental, emotional, and financial well-being.
• Eligible to participate in a Fannie Mae incentive program (subject to the terms of the program).

What This Job Offers

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