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 $13.5 billion - resulting in the formation of 97,500+ homes within 1,059 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
This position in the Fund Management department will be responsible for monitoring, managing, and tracking all fund activity for a specific group of CREA Tax Credit Funds, as well as preparing documents for senior analysts and vice presidents that are ultimately provided to investors.
Primary Responsibilities
Primary responsibilities will include, but are not limited to, the following:
Cash Management:
Lead the coordination with Asset Management and Syndication to plan for upcoming capital calls
Draft investor capital call requests
Work with the Accounting Department to draw on Bridge Line as needed
Manage cash position on a monthly basis and prepare reconciliations
Year-End Reporting:
Review lower-tier partnership tax returns and audits
Update project-level financial models quarterly and at year-end
Assist Fund auditors during prelim and year-end fieldwork
Investor Reporting:
Generate and post all monthly journal entries for certain fund entities
Assist with preparation and analysis of quarterly reports, including, but not limited to:
Fund Benefit Schedules
Project Benefit Schedules
Project and Fund Level Summary Reports
Fund cash reserve projections
Drafting fund entity financial statements
Drafting investor narratives highlighting key features of the fund entity
Calculate investor yield on a quarterly basis
Closings:
Review the adequacy of partnership accountant expertise and capacity
Research and calculate applicable state taxes for Fund and other entities
Review draft Limited Partnership Agreements
Create active, post-closing financial models for each new lower-tier partnership
Miscellaneous:
Populate data within tax credit software
Initiate and implement custom reports within tax credit software
Prepare reports for Senior Management for internal control purposes
Special projects as needed
Job Requirements
Bachelor’s degree in Accounting, Finance, or a related business field
Minimum of two years of relevant experience preferred (LIHTC, affordable housing, or public accounting experience strongly preferred)
Strong communication skills with the ability to interact effectively with investors, lenders, developers, and internal partners
Ability to collaborate across departments with both financial and non-financial stakeholders
Strong organizational skills with the ability to prioritize and manage multiple responsibilities
Proficiency in Microsoft Office Suite, with advanced skills in Excel and Word
Willingness to work extended hours during peak reporting periods
Core Competencies
Excellent oral and written communication skills
Ability to work effectively in a team-oriented environment
Initiative, proactiveness, and accountability
Strong organizational and multitasking abilities
Analytical thinking and problem-solving skills
Flexibility and adaptability in a dynamic environment
Ability to handle sensitive and confidential information with discretion
Ability to interact effectively with employees and leadership at all levels
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.