Senior Underwriter - LIHTC Proprietary Investments

Fannie Mae • Washington, DC

90d • $121,000 - $158,000

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. Since restarting its Low-Income Housing Tax Credit (LIHTC) platform in 2018, Fannie Mae has invested approximately $4.7 billion in proprietary and multi-investor funds. As a valued contributor on our dynamic team, you will be responsible for underwriting and closing investments through LIHTC proprietary funds.

Requirements

• 6 years of LIHTC Equity experience with a track record underwriting and closing LIHTC proprietary investments while maintaining product and credit quality.
• Demonstrated experience in modeling and structuring LIHTC proprietary investments, managing critical projects and tight timelines.
• Highly motivated self-starter with good attention to detail.
• A 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 influence through negotiating, persuading others, facilitating meetings, and resolving conflict.
• Proficient in tax and accounting matters related to LIHTC.
• Ability to successfully manage and engage stakeholders, customers, and vendors and build relationship networks.
• Experience gathering accurate information to explain concepts and answer critical questions.
• Ability to travel overnight 25% of the time.

Nice To Haves

• Bachelor’s degree or equivalent.
• Proven ability to lead projects and complex problem solving skills.
• Proven ability to work with people with different functional expertise respectfully and cooperatively towards a common goal.

Responsibilities

• Work with syndicator partners to structure, underwrite and close potential affordable multifamily proprietary investments utilizing low-income housing tax credits.
• Maintain overall responsibility for the investment review and approval process of proprietary investments including collaboration with internal and external stakeholders.
• Identify and assess the risk profile of equity investments to ensure risk is mitigated 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.
• Recommend business solutions based on analysis of internal and market data.
• Actively participate on special project teams as needed.
• Travel to visit prospective investments and markets.

Benefits

• Broad range of Health, Life, Voluntary Lifestyle, and other benefits and perks that enhance an employee's physical, mental, emotional, and financial well-being.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees