Low Income Housing Tax Credit Underwriter

2 weeks ago


Saint Louis, United States Advantage Capital Management Full time
Job Overview

The LIHTC Underwriter Associate is responsible for evaluating, finalizing, and overseeing the risks linked to Low Income Housing Tax Credit (LIHTC) equity investments and debt instruments.

Key Responsibilities

  • Conduct financial analysis and modeling related to real estate and LIHTC to support credit evaluations.
  • Identify and assess critical risks and mitigation strategies for new construction and rehabilitation projects utilizing the LIHTC framework.
  • Possess a solid understanding of the intricacies of both state and federal LIHTC regulations.
  • Demonstrate a strong grasp of operating agreements and limited partnership contracts.
  • Facilitate the closing process with clients, using comprehensive checklists to track the status of required items and responsible parties.
  • Recognize conditions that must be fulfilled for closing and review due diligence documentation for transactions.
  • Exhibit a high level of proficiency in scrutinizing documents to ensure accurate representation of business terms and compliance with approvals.
  • Deliver exceptional service to clients while adhering to risk management protocols and controls.
  • Communicate issues and challenges promptly and escalate as necessary.
  • Ensure clear and timely updates on deal progress to both internal and external stakeholders.

Required Skills and Competencies

  • Customer Orientation: Committed to fulfilling the expectations and needs of both internal and external clients.
  • Attention to Detail: Capable of analyzing and interpreting information, ensuring quality across all transaction aspects while managing multiple tasks accurately.
  • Integrity and Trust: Recognized for honesty and respect, able to present the truth in a constructive manner while maintaining confidentiality.
  • Analytical Problem Solving: Employs logical methods to tackle complex issues, exploring all potential sources for solutions.
  • Effective Time Management: Utilizes time efficiently, prioritizing critical tasks and maintaining organization to achieve more in less time.
  • Written Communication: Proficient in crafting clear and concise messages across various communication platforms.

Qualifications

  • Bachelor's Degree in Business Administration, Finance, Urban Planning/Real Estate, or Engineering, or equivalent experience.
  • Extensive knowledge of federal and state LIHTC programs.
  • Familiarity with government initiatives for affordable housing and community reinvestment; experience in not-for-profit real estate development with awareness of local community needs.
  • A minimum of 3 years of experience in the Low Income Housing Tax Credit and Community Lending sectors, focusing on underwriting and/or risk management.
  • Strong verbal and written communication abilities.
  • Meticulous attention to detail.
  • Advanced skills in MS Office Suite (Excel, Word, PowerPoint) and Salesforce.

Preferred Experience

  • 5+ years of experience in underwriting, originating, or closing community development loans and/or equity investments.


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