Modeling Manager

National Equity Fund•Chicago, IL

12d•Onsite

About The Position

NATIONAL EQUITY FUND, INC. is a leading non-profit syndicator of Low-Income Housing Tax Credits (LIHTC) with a mission to create and deliver innovative, collaborative financial solutions to expand the creation and preservation of affordable housing. NEF is seeking a LIHTC modeling and structuring specialist to ensure the accuracy, consistency, and tax/structural integrity of our Low-Income Housing Tax Credit (LIHTC) investment models, from initial bid through closing and across the full project life cycle. This role combines deep Excel modeling expertise with tax structuring knowledge, working cross-functionally with underwriting, Fund Accounting, Investor Relations, and external counsel to keep financial models accurate, investor-ready, and aligned with current tax law.

Requirements

Bachelor's degree in Business, Accounting, Finance, Economics, or Mathematics
4+ years of LIHTC experience, including experience in real estate structuring, debt structuring, and partnership modeling
Advanced Excel skills, including the ability to build, manipulate, and troubleshoot complex tax-incentivized real estate models
Familiarity with specialized tax structuring conventions and time value of money concepts
Strong communication skills and ability to work effectively across departments and with external partners
High attention to detail, ability to multi-task and work independently in a fast-paced, deadline-driven environment

Nice To Haves

Master's or CPA preferred
tax accounting background strongly preferred
Specific knowledge of tax issues affecting limited partnerships, entity classifications, and Section 42 (LIHTC) projects preferred
Familiarity with other federal or state tax credit programs (historic, solar, new markets) a plus

Responsibilities

Review and troubleshoot Excel models for new project bids and throughout the project life cycle to support the closing team and ensure accurate inputs, outputs, and alignment with internal modeling standards and tax law
Review projections in conjunction with NEF’s Tech Committee, Investment Proposal preparation, and pre-closing for assigned projects
Recommend changes that may enhance yield or address structuring issues
Coordinate with external counsel on transaction structuring considerations
Conduct closing audits to confirm projections accurately reflect technical and business terms
Troubleshoot and redesign models as needed, including managing and adapting the organization's primary underwriting spreadsheet model
Manage investor and credit requests for stress analyses for multi-fund closings and Investment Proposal packages
Manage and assist with post-closing change requests as assigned and support Asset Management in evaluating the impact of post-closing structural or financial changes
Assist other departments, including Fund Accounting and Investor Relations, in evaluating and modeling any unique requirements for assigned projects.