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 Vice President will play a vital role in an energetic CREA department working in the multi-family affordable housing industry. The 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
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
Work with the Originations team to source new deals for placement with the assigned investor.
Negotiate, in coordination with the Managing Director or Executive Vice President, financial terms into an equity letter of intent and/or upper-tier fund agreement
Represent investor and on behalf of Syndications within CREA’s Investment Committees by reviewing committee packages for appropriate adherence to underwriting guidelines, 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 closings at upper-tier partnership level with internal closing teams, investors, and attorneys
Manage and develop Financial Analysts assigned to the Vice President’s accounts and in their roles and responsibilities, including
Instruction, review, and approval of work performed by Financial Analysts on assigned Investor relationships, and
Career Development through CREA’s quarterly and annual review process
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
This position requires a minimum of 5 years of professional-level LIHTC syndication experience and/or LIHTC transactional closing experience. 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. This position may require extended hours during certain times of the year to support critical deadlines and organizational priorities. The candidate must be highly motivated, proactive, and possess superb communication, time management skills, and attention to detail. Proficiency with the Microsoft Office Suite is required, with a strong 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.