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- Tasks: Underwrite and manage risk for Low Income Housing Tax Credit investments.
- Company: Join a leading firm dedicated to affordable housing solutions.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Why this job: Make a real difference in communities while advancing your career.
- Qualifications: Bachelor's degree and 3+ years in LIHTC or community lending.
- Other info: Collaborative team culture with opportunities for growth.
The predicted salary is between 36000 - 60000 £ per year.
LIHTC Associate must have experience underwriting, closing, and managing risk associated with Low Income Housing Tax Credit (LIHTC) equity investments and/or debt products.
Essential Job Functions
- Underwrite real estate/LIHTC financial modeling to facilitate Credit approval.
- Properly identify key risks and mitigants for new construction and acquisition/rehab properties utilizing the LIHTC program.
- Working knowledge of nuances of state and federal LIHTC programs.
- Strong understanding of operating agreements and limited partnership agreements.
- Drive the closing process with the client, utilizing closing checklists to identify and monitor progress of items required to close and responsible parties.
- Identify items and conditions to be satisfied for closing and reviewing due diligence for the transaction.
- Display high level proficiency in reviewing documentation to ensure accurate representation of business terms and conformity to approvals.
- Consistently provide superior service to clients while maintaining risk management procedures and controls.
- Clearly and immediately communicate problems/issues and elevate appropriately.
- Provide accountability for clear and timely communication of deal progress to internal and external stakeholders.
Customer Focus: Is dedicated to meeting the expectations and requirements of internal and external customers.
Detail Oriented: Analyzes and interprets information; ensures quality and content of all aspects of a transaction; is able to manage a variety of tasks accurately.
Integrity, Trust & Respect: Is widely trusted; is seen as a direct, truthful individual who respects others and is respected; can present the unvarnished truth in an appropriate and helpful manner; keeps confidences; openly acknowledges his/her own mistakes; does not misrepresent himself/herself for personal gain.
Problem Solving: Uses rigorous logic and methods to solve difficult problems with effective solutions; probes all fruitful sources for answers; can see hidden problems; is excellent at honest analysis; looks beyond the obvious and doesn’t stop at the first answers.
Time Management: Uses time effectively and efficiently; values time; concentrates efforts on the most important priorities; is organized and gets more done in less time than others; can attend to a broader range of activities.
Written Communications: Is able to write clearly and succinctly in a variety of communication settings and styles; can get messages across that have the desired effect.
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; experience with not-for-profit real estate development and sensitivity to local community needs.
- 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.
- Advanced proficiency in MS Office suite (Excel, Word, PowerPoint), and Salesforce.
Preferred Qualifications
- 5+ years' experience underwriting, originating, or closing community development loans and/or equity investments.
LIHTC Underwriter Associate employer: Advantage Capital
Contact Detail:
Advantage Capital Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land LIHTC Underwriter Associate
✨Tip Number 1
Network like a pro! Reach out to folks in the LIHTC space, attend industry events, and connect on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can help you land that dream job.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of LIHTC programs and risk management. We suggest practising common interview questions and scenarios related to underwriting and closing processes. The more prepared you are, the more confident you'll feel!
✨Tip Number 3
Showcase your problem-solving skills! During interviews, be ready to discuss how you've tackled challenges in past roles. We want to hear about specific examples where you identified risks and implemented effective solutions.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to engage directly with us.
We think you need these skills to ace LIHTC Underwriter Associate
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to highlight your experience with LIHTC underwriting and risk management. Use keywords from the job description to show we’re on the same page about what you bring to the table.
Showcase Your Skills: In your cover letter, don’t just list your skills—show us how you've used them in real situations. Talk about specific projects where you’ve underwritten or managed risks, and how you’ve navigated the complexities of LIHTC programs.
Be Clear and Concise: When writing your application, keep it clear and to the point. We appreciate straightforward communication, so make sure your messages are easy to understand and get straight to the heart of your qualifications.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss any important updates from us!
How to prepare for a job interview at Advantage Capital
✨Know Your LIHTC Inside Out
Make sure you brush up on your knowledge of the Low Income Housing Tax Credit (LIHTC) programs. Understand the nuances of both state and federal regulations, as well as how they apply to underwriting and risk management. This will not only show your expertise but also demonstrate your commitment to the role.
✨Master Financial Modelling
Since you'll be underwriter for real estate financial modelling, practice your skills in Excel and other relevant software. Be prepared to discuss specific examples of how you've used financial models to facilitate credit approvals in past roles. This hands-on experience will set you apart from other candidates.
✨Communicate Clearly and Confidently
Strong communication skills are essential for this role. During the interview, focus on articulating your thoughts clearly and succinctly. Use examples from your previous experiences to illustrate how you've effectively communicated with clients and stakeholders, especially when addressing issues or driving the closing process.
✨Showcase Your Problem-Solving Skills
Be ready to discuss specific challenges you've faced in underwriting or risk management and how you approached solving them. Highlight your analytical skills and ability to think critically about potential risks. This will demonstrate your capability to handle the complexities of the role and reassure the interviewers of your problem-solving prowess.
