CREA, LLC es un sindicato de crédito fiscal para viviendas de bajos ingresos (LIHTC) de servicio completo que forma relaciones a largo plazo con inversionistas y desarrolladores que cultivan el éxito y mejoran vidas. Mientras CREA celebra más de 20 años en el negocio, se han recaudado más de $9,200 millones, lo que contribuye a la formación de más de 73,000 hogares dentro de 797 propiedades. Con más de 150 empleados, seguimos buscando personas talentosas y apasionadas que estén entusiasmadas con las oportunidades de crecer con nosotros.
Resumen de posición
The Vice President, Underwriting evaluates prospective affordable housing investments utilizing the Low-Income Housing Tax Credit (LIHTC) program. This experienced role performs financial, credit, market, and risk analysis; identifies investment risks and mitigation strategies; and prepares recommendations for senior leadership and investment decision-makers. The position works closely with Acquisitions, Syndications, Asset Management, developers, lenders, legal counsel, consultants, investors, and other internal and external stakeholders throughout underwriting, approval, closing, and funding. Th Vice President independently manages a portfolio of assigned transactions, develops productive transaction relationships, influences outcomes through sound judgment and effective communication, provides technical guidance to junior team members, and contributes to the continuous improvement of CREA's underwriting practices, tools, and investment processes.
Responsabilidades primarias
Lead underwriting efforts for assigned LIHTC investment opportunities from initial screening through closing and funding.
Independently manage a portfolio of active transactions, balancing competing priorities and deadlines while ensuring timely underwriting, approvals, closings, and funding.
Evaluate financial models, development budgets, operating pro formas, historical performance, market conditions, market studies, third-party reports, and financing structures.
Perform detailed financial analysis, including debt sizing, break-even analysis, cash flow projections, sensitivity testing, and risk assessment.
Recommend appropriate rent and expense levels for proposed investments based on research and analysis.
Evaluate transaction feasibility, real estate conditions, development team experience, guarantor strength, developer and guarantor financial statements, real estate portfolios, and overall creditworthiness.
Perform credit and background checks on entities and individuals; escalate findings and support their resolution.
Identify material investment risks and recommend appropriate mitigation strategies consistent with CREA's investment guidelines.
Review proposed financing, key loan documents, financing terms, partnership structures, and legal documentation.
Lead the preparation of underwriting memoranda, presentation materials, and investment recommendations for Screening, Placement, Capital, and Investment Committees; present transaction findings and respond to questions regarding underwriting assumptions, risks, and recommendations.
Collaborate with originators, Acquisitions, Syndications, Asset Management, attorneys, lenders, developers, consultants, investors, and other stakeholders to facilitate successful transaction execution.
Develop and maintain productive working relationships with developers, lenders, attorneys, consultants, investors, and other transaction participants.
Facilitate consensus among internal and external stakeholders and influence transaction outcomes through sound analysis, effective communication, and professional judgment.
Support transaction closing activities and validate that final deal terms remain consistent with approved underwriting assumptions.
Support the development, maintenance, and refinement of underwriting standards, IT tools, financial models, databases, and department best practices.
Provide technical guidance, training, mentorship, and knowledge sharing to Analysts, Associate Underwriters, and other junior team members.
Secondary Responsibilities:
Participate in site visits, developer meetings, and due diligence reviews to evaluate existing conditions and risks.
Assist with market research and the evaluation of emerging affordable housing financing programs and structures.
Support special projects and strategic initiatives within the Credit & Underwriting department.
Cross-train across affordable housing investment products and financing structures.
Participate in departmental process improvement efforts focused on efficiency, risk management, underwriting quality, and sound transaction execution.
Requisitos de trabajo
Bachelor's degree in Real Estate, Finance, Accounting, Economics, Business, or a related field.
Minimum of eight years of applicable experience in multifamily real estate, affordable housing, LIHTC syndication, commercial real estate lending, or real estate investment analysis, including demonstrated experience independently underwriting transactions and presenting recommendations to senior decision-makers.
Demonstrated ability to underwrite LIHTC or other complex multifamily real estate transactions with increasing independence.
Strong understanding of affordable housing finance, LIHTC regulations, multifamily development, construction lending, permanent financing, and partnership structures.
Advanced proficiency in Microsoft Excel and financial modeling, with proficiency in the Microsoft Office Suite.
Strong written and verbal communication skills, including the ability to explain complex analysis, facilitate consensus, and present recommendations to senior leadership and investment committees.
Excellent organizational and time-management skills, with the ability to manage a portfolio of transactions, competing priorities, resources, and deadlines simultaneously.
Highly motivated, proactive, self-directed, and willing to accept new responsibilities as CREA's business grows.
Strong analytical, relationship-management, problem-solving, critical-thinking, and decision-making abilities.
Approximately 10% travel required, including occasional overnight travel.
Competencias básicas
LIHTC underwriting, multifamily real estate, and investment analysis
Financial modeling, including review of audits, financial statements, and tax returns
Credit evaluation, background research, and risk assessment
Developer, guarantor, market, and real estate portfolio analysis
Strong business judgment, critical thinking, and decision-making
Effective written, verbal, and presentation communication
Transaction and portfolio management, execution, and accountability
Relationship management, collaboration, consensus building, and influence without direct authority
Technical mentorship, knowledge sharing, and continuous improvement
Initiative and the ability to perform effectively with minimal supervision
High ethics, attention to detail, organization, and research skills
Ability to perform effectively in a dynamic, fast-paced environment
Nuestros valores
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Trabajamos como una familia, invirtiendo unos en otros, en causas valiosas y en las comunidades a las que servimos.
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Tenemos integridad en todo lo que hacemos; aceptamos las diferencias y tratamos a los demás con amabilidad y respeto.
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Creemos que, con el trabajo en equipo, podemos lograr cualquier cosa y buscar soluciones innovadoras para nuestros clientes.
CREA cree en recompensar el arduo trabajo de todos aquellos que hacen posible nuestra misión. Conozca nuestros competitivos beneficios para empleados enMisCREABeneficios.com.