Indianapolis, IN, or Boston, MA office is preferred

Senior Fund Analyst, Fund Management

Location:

Indianapolis, IN, or Boston, MA office is preferred

Reports to:

Senior Vice President, Fund Management

Physical Presence:

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

Date:

March 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 position within the Fund Management department is role combining mostly senior management aspects but some analyst level duties in managing all Fund activity for a specific group of CREA Tax Credit Funds. These activities will include but are not limited to the following:

Primary Responsibilities

Cash Management

Prepare and review monthly cash needs analysis for each Fund.
Prepare and review and send investor capital calls and bridge loan requests.
Review tax credit equity adjusters prepared by asset management.
Assist in making decisions regarding borrowings and investor capital calls while understanding the impacts on investor yield and CREA profitability.

Year End Reporting

Review lower-tier partnership tax returns and audits.
Assist in the preparation and review of Fund audits and tax returns.
Analyze actual results compared to financial forecasts.

Investor Reporting

Prepare and review monthly bank reconciliations and all monthly journal entries.
Prepare and review 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 fund entity
Calculate investor yield on a quarterly basis

Closings

Review Fund Agreements, Amendments, and other Fund documents.
Prepare consolidated Fund benefit schedules for deal closings.

Miscellaneous

Special projects for investors and CREA senior management from both a CREA budgeting and an asset management perspective.
Update financial models and benefit schedules for special GP requests requiring investor consent.

Job Requirements

Requires a bachelor’s degree in accounting and a minimum of 4 years of accounting, real estate finance, or related work experience. Knowledge of Great Plains general ledger system or other accounting software is preferred. Previous work experience in the Low Income Housing Tax Credit Program or Affordable Housing industry is a plus. The candidate must be able to demonstrate strong customer service skills in interactions with investors, lenders, and developer partners in a financial services environment. The candidate must be able to communicate and work effectively with team members representing various departments and having varying specialties, both financial and non-financial. The candidate must possess strong organizational skills. Requires knowledge of Microsoft Office Suite, and high proficiency in Excel and Word. Overtime hours are expected during certain months of the year. Must possess and be able to demonstrate effectiveness with each of the following Core Competencies.

Core Competencies

Excellent oral and written communication skills
Ability to function well in a team environment
Initiative and proactiveness are expected
Excellent organizational skills with the ability to prioritize and multitask.
Excellent analytical and problem-solving skills
Ability to be flexible and adapt to change
Ability to effectively administer sensitive and confidential information
Ability to interact with Management and employees 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.

Apply Now

CREA believes in rewarding the hard work of all those that make our mission possible. Learn about our competitive employee benefits at MyCREABenefits.com.