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Indianapolis, IN

Indianapolis, IN

Indianapolis, IN

Financial Analyst - Stabilized

Location:

Indianapolis, IN

Reports to:

VP, Asset Management

Physical Presence:

In the office Tuesday, Wednesday, and Thursday (Flex days: Monday and Friday)

Date:

January 2023

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. As CREA celebrates over 20 years in business, $9.2+ billion has been raised, contributing to the formation of over 73,000 homes within 797 properties. With over 160 employees, we continue to look for talented and passionate individuals who are excited about opportunities to grow with us into the future.

Position Summary

This entry level position will play an important role in supporting the AVP Asset Managers, completing in-house compliance reviews and virtual site inspections, and managing a limited portfolio of assets in the Stabilized phase within CREA, LLC’s portfolio of Section 42 low-income housing tax credit projects.

Primary Responsibilities

Support Asset Managers

  • Assist in collecting, reviewing, and providing follow up on reporting requirements to include, quarterly financials, annual budgets, and annual tax returns/audits

  • Special projects and reporting as requested

Portfolio Management

  • Maintain a detailed working knowledge of each project within the assigned portfolio

Reporting & Technology

  • Collect, review, and provide reporting on monthly, quarterly, and annual financial information for the lower tier partnerships

  • Work with a centralized database system to track project data

  • Analyze partnership benchmarks and financial statements and perform risk rating analysis

  • Collect tax returns and audits from the lower tier partnerships and coordinate review and approval through CREA Fund Management Group

  • Coordination completion and then review of virtual site inspection reports

Compliance and Tax Credit Delivery

  • Complete in house compliance tenant file reviews

  • Monitor projects for compliance with partnership agreements

  • Maintain a detailed working knowledge of Section 42 LIHTC program compliance requirements

Job Requirements

Preferred

  • Bachelor’s degree with a major in accounting, finance, real estate, property management or business

  • Up to one year of professional level work experience

  • Up to one year of experience working in asset management, public accounting, multi-family property management or development

  • The ability to identify and verbalize issues with the partners

Essential

  • Must be proficient with Microsoft Office Suite with a heavy emphasis on Excel and Word

  • Must have excellent communication skills and the ability to comfortably interact with senior management internally and a large external client base

  • A valid driver’s license is required for limited travel of up to 5% with the potential for some overnight

  • Some overtime is required periodically throughout the year

Core Competencies

  • Strong analytical, organizational, interpersonal, and time management skills

  • Ability to identify, simplify, process and solve complex issues

  • Excellent oral and written communication skills

  • Ability to efficiently receive, monitor, and follow through requests, projects, and problems to completion

  • Ability to multi-task, prioritize and meet deadlines

  • Ability to effectively manage and administer sensitive and confidential information

  • Must have strong initiative and can work with minimal guidance & supervision

  • Commitment to excellence, attention to detail, and accuracy, providing high quality work

Our Values

  • We work as a family, investing in each other, worthy causes, and the communities we serve.

  • We have integrity in all that we do; we embrace differences and treat others with kindness and respect.

  • 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.

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