State Tax Equity Analyst

National Equity Fund•Chicago, IL

10d

About The Position

National Equity Fund, Inc. (NEF), a leading non-profit syndicator of low-income housing tax credits (LIHTC), is seeking a State Tax Equity Analyst to conduct a wide range of new business initiatives. The LIHTC program is the most important resource available today for creating affordable housing in the United States. NEF uses its extensive experience, talent, and resources to create sustainable affordable housing. The State Tax Equity Analyst will support the growth and operations of the Tax Equity Team by providing analytical, operational, and reporting assistance throughout the lifecycle of state tax credit transactions. This role helps coordinate closing activities, support compliance and reporting workflows, and maintain internal market data resources. The Analyst works closely with cross-functional partners to ensure accurate documentation, timely submission of requirements, and overall execution excellence. Seeking candidates within the Chicago, Providence, and or Boston areas.

Requirements

Bachelor’s degree in finance, accounting, real estate, economics, or a related field
Proficient in Microsoft Excel
Ability to interpret financial models and legal documentation
Strong written and verbal communication skills, with the ability to collaborate effectively across multidisciplinary teams.
High attention to detail and strong organizational skills

Nice To Haves

Familiarity with tax credit programs or real estate finance (preferred but not required)
Preference for one-to-two years of relevant experience preferred but not required

Responsibilities

Assist in managing state certificated closings, including document review, tracking deliverables, and supporting negotiation processes as directed
Participate in closing calls to support state credit–related discussions and coordinate follow-up items for internal teams and investors
For allocated transactions, coordinate with Legal and Project Management to help ensure timely execution of closing requirements and accurate documentation.
Collaborate with Accounting, Asset Management, and Fund Compliance to support state credit reporting activities, including document collection, review, and preparation of required submissions.
Maintain reporting workflows to ensure all state credit reporting deadlines are met with accuracy and efficiency
Support ongoing improvements to reporting processes, templates, and documentation.
Monitor state-only certificated transactions by tracking construction milestones, compliance benchmarks, and credit-related performance indicators.
Assist in initiating capital calls once required benchmarks are met, preparing supporting schedules and coordinating with internal stakeholders.
Prepare benefit schedules and related analyses for investors evaluating prospective state tax credit projects.
Maintain market data resources, including investor pipeline metrics, pricing trends by state, and deal-specific market intelligence.
Research new and existing state tax credit programs to support strategic positioning, investor conversations, and internal decision-making.