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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 difference in communities while developing your finance skills.
- Qualifications: Bachelor's degree and 3+ years in LIHTC or community lending required.
- Other info: Dynamic role with opportunities for growth and impact.
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 in London employer: Advantage Capital
Contact Detail:
Advantage Capital Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land LIHTC Underwriter Associate in London
✨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 recommend practising common interview questions and scenarios related to underwriting and closing processes. Show them you’re the expert they need!
✨Tip Number 3
Don’t forget to follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. We suggest mentioning something specific from your conversation to make it personal.
✨Tip Number 4
Apply directly through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who are proactive about their job search. Let’s get you that LIHTC Underwriter Associate position!
We think you need these skills to ace LIHTC Underwriter Associate in London
Some tips for your application 🫡
Show Off Your Experience: When you're writing your application, make sure to highlight your experience with LIHTC underwriting and risk management. We want to see how you've tackled similar challenges in the past, so don’t hold back on those details!
Be Clear and Concise: We love a good communicator! Make sure your written application is clear and to the point. Use straightforward language to convey your skills and experiences, and avoid jargon that might confuse us.
Tailor Your Application: Take a moment to tailor your application to the job description. Mention specific skills or experiences that align with what we’re looking for, like your knowledge of state and federal LIHTC programs. It shows us you’ve done your homework!
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy to do!
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
Be prepared to discuss your experience with financial modelling specific to LIHTC investments. Bring examples of past projects where you successfully underwrote real estate deals. This will help you showcase your analytical skills and attention to detail, which are crucial for this position.
✨Communicate Clearly and Confidently
Since strong communication skills are essential, practice articulating your thoughts clearly. Be ready to explain complex concepts in a straightforward manner, especially when discussing risk management and due diligence processes. This will help you connect with the interviewers and convey your customer-focused approach.
✨Showcase Your Problem-Solving Skills
Prepare to discuss specific challenges you've faced in previous roles and how you tackled them. Use the STAR method (Situation, Task, Action, Result) to structure your answers. This will highlight your logical thinking and ability to find effective solutions, which is key for the LIHTC Underwriter Associate role.
