CREA, LLC is a full-service low-income housing tax credit (LIHTC) syndicator forming long-term relationships with investors and developers that cultivate success and improve lives. With over 20 years in affordable housing, CREA has raised $11.2 billion - resulting in the formation of 84,000+ homes within 924 communities across the country. Thanks to the contribution of over 150 employees, CREA continues to look for talented and passionate individuals who are excited about opportunities to grow with us into the future.
Position Summary
The Syndications Assistant Vice President will play a vital role in an energetic CREA department working in the multi-family affordable housing industry. The Assistant Vice President will be assigned to multiple investor client accounts to serve as the primary relationship manager for those accounts and all related activities, including deepening investor relationships, developing investor pipelines, and coordinating upper-tier investor closings. These responsibilities are further outlined below.
Primary Responsibilities
The primary responsibilities for this position are the development and growth of the assigned investor relationships through the management of all aspects of client management, which includes
Understand investment needs and objectives to create and manage the deal pipeline by working with the Originations team to source and structure new deals for placement with the assigned investor.
Lead client calls, arrange site visits and due diligence meetings, and work with Syndications staff to actively manage investor-specific needs
Travel to conferences, site visits, annual meetings, and other investor-focused events to enhance relationships
Begin to negotiate, in coordination with the Senior Vice President, Managing Director, or Executive Vice President, financial terms into an equity letter of intent and/or upper-tier fund agreement
Obtain proficiency in the upper-tier fund model and be able to accurately and efficiently produce benefit schedules and conduct profitability analysis
Represent investor and on behalf of Syndications within CREA’s Investment Committees by reviewing committee packages for appropriate adherence to underwriting guidelines and disclosure and mitigation of investment risks, and in preparation for client review
Work with other CREA Departments, including Acquisitions and Legal, to incorporate investor-specific terms into closing documents
Facilitate and aid in the investor review of all necessary diligence for deal and/or fund closing
Coordinate, under the supervision of the Senior Vice President or Managing Director, closings at the upper-tier partnership level with internal closing teams, investors, and attorneys
Organize and coordinate the third-party review process for properties in multi-investor funds and other investor outlets as needed (if applicable)
Assist other team members in their responsibilities
Other duties as assigned by the Managing Director or EVP.
Job Requirements
A minimum of 4 years of professional-level LIHTC syndication experience or alternatively in multi-family real estate, investment analysis, underwriting, or finance is required. Minimum academic requirement of a bachelor’s degree in real estate, finance, economics, or a related business major from an accredited college or university. Up to 25% of the time is required for travel. Overtime is necessary at certain times of the year. The candidate must be highly motivated, proactive, and possess superb communication, time management skills, and attention to detail. Proficiency with Microsoft Office Suite is required, with heavy emphasis on Excel and Word. Individuals must possess and demonstrate effectiveness in each of the Core Competencies.
Core Competencies
Excellent oral and written communication skills
Demonstrated analytical and interpersonal abilities
Ability to effectively manage and maintain sensitive and confidential information
Ability to collaborate and contribute effectively in a team environment
Demonstrated initiative, reliability, and ability to work independently with minimal supervision
Our Values
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We work as a family, investing in each other, worthy causes, and the communities we serve.
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We have integrity in all that we do; we embrace differences and treat others with kindness and respect.
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We believe that, with teamwork, we can accomplish anything and pursue inventive solutions for our clients.
CREA believes in rewarding the hard work of all those that make our mission possible. Learn about our competitive employee benefits at MyCREABenefits.com.