AVP, Acquisitions Associate at CREA, LLC

New York, New York, United States -

Full Time

Start Date

Immediate

Expiry Date

09 Sep, 26

Salary

162000.0

Posted On

11 Jun, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Financial Analysis, Financial Modeling, LIHTC, Real Estate Acquisitions, Project Structuring, Risk Mitigation, Microsoft Excel, Relationship Management, Investment Committee Packaging, Multifamily Housing

Industry

Real Estate

Description

Description 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 25 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 135 employees, CREA continues to look for talented and passionate individuals who are excited about opportunities to grow with us into the future. We are seeking a talented AVP, Acquisitions, to join our Acquisitions team in New York. Physical Presence: In-Office | Tue – Thu; Flexible | Mon & Fri Open to the following locations: New York, NY. Reports to: Senior Vice President, Originator Position Summary: CREA is seeking a driven, collaborative acquisitions professional to partner with the SVP, Originator in managing and advancing a pipeline of LIHTC development opportunities under Section 42 of the Internal Revenue Code. In this role, you will play a key part in conducting financial analysis, preparing investment committee packages, and coordinating materials in support of prospective investment opportunities. You will work closely with developers, third-party lenders, legal counsel, and internal CREA stakeholders across all levels, requiring strong communication skills and the ability to effectively manage relationships throughout the transaction lifecycle. Primary Responsibilities: Maintain disciplined oversight and milestones of LIHTC transaction pipeline from prospect to signed Letter of Intent Represent CREA internally and externally on behalf of SVP, Originator Create, analyze and update financial projections for affordable multifamily LIHTC residential properties, and assist in facilitating project structuring solutions amendable to both CREA and its developers Review market studies, pro-forma’s, LIHTC applications, and sponsorship information to ensure conformance with specified investment requirements Prepare transaction Placement Committee package inclusive of thorough project and development team overview, guarantor analysis and risk mitigants Coordination across internal groups to source information for Placement Committee package Prepare Letters of Intent and coordinate the analysis and incorporation of comments and post-Placement Committee approvals Other duties, as requested by the SVP, Originator Requirements Bachelor’s degree required; Finance, Accounting, or Real Estate preferred Minimum of 3 years of experience in financial analysis, financial modeling, and transactional multifamily LIHTC real estate Strong communication and time management skills, with the ability to effectively collaborate with senior management and a broad external client base Proficiency in Microsoft Office Suite, with advanced capabilities in Excel and working knowledge of Word Ability to demonstrate effectiveness across all required core competencies Ability to travel up to 10% annually for industry conferences, events, and company meetings, as determined by the SVP, Originator Preferred Qualifications: CPA and/or MBA designation (preferred, not required) Familiarity with multifamily loan products and New York State and New York City LIHTC programs Core Competencies: Demonstrates integrity, professionalism, reliability, and sound judgment Proactive, self-motivated approach with the ability to take initiative Strong analytical, interpersonal, and communication skills, including clear and effective written and verbal communication Ability to handle sensitive and confidential information with a high degree of discretion Highly organized with strong attention to detail and the ability to effectively prioritize and manage multiple transactions Capable of working independently with minimal supervision while maintaining quality and accountability 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 Work Authorization No visa sponsorship available Candidates must currently reside within commuting distance of New York, NY, as relocation assistance is not available for this position. Compensation Compensation for this position is determined based on factors such as education, qualifications, relevant experience, and geographic location. New York, NY: $98,000 – $162,000 (midpoint: $135,000)

Responsibilities

Manage and advance a pipeline of LIHTC development opportunities by conducting financial analysis and preparing investment committee packages. Coordinate with developers, lenders, and legal counsel to facilitate transactions from prospect to signed Letter of Intent.