Originations Analyst

at  National Equity Fund

National Equity Fund, Inc. (NEF), a leading non-profit syndicator of low-income housing tax credits (LIHTC), is seeking an Originations Analyst to conduct a wide range of new business initiatives. The LIHTC program is the most important resource available today for creating affordable housing in the United States. NEF uses its extensive experience, talent, and resources to create sustainable affordable housing.
Originations Analyst will provide analytical support to the Originators on Regional Teams. The Analyst will assist in evaluating the feasibility of investment including preparing initial financial projections. The Analyst will also assist in preparing engagement or commitment letters, underwriting, and other analysis and research as required. Seeking candidates to work a hybrid work schedule in NY the Metropolitan area and Chicago, Illinois.

• Assist originators to evaluate prospective equity investments. Must be able to analyze project financing, development budget, construction schedule, operating expenses, debt service, market comparability, and developer capacity.

Utilize and become highly proficient in NEFs proprietary financial underwriting model.

• Prepare initial drafts of engagement letters and commitment letters as well as letters to support low-income housing tax credit applications or relevant funding applications.

Assist Originators and VP Regional Managers and maintain relationships with developers and stakeholders through excellent customer service and utmost professionalism.

• Gain a thorough understanding of tax laws related to the LIHTC, Historic Credits, and other state credits in the designated region. Become proficient in understanding secondary financing, including CDBG, HOME, AHP, and other local funds. Develop and maintain extensive knowledge about real estate underwriting and IRS Section 42 requirements.

• Travel with Originators to assist at regional conferences, groundbreaking ceremonies, grand openings, and client marketing dinners.

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  Maintain NEFs proprietary database for projects as requested by Originators and VP Regional Managers.

As an affiliate of the Local Initiatives Support Corporation, the NEF originations analyst must effectively support the originator and VP-Regional Manager as they manage the LISC stakeholder relationships in the designated region.

• Other duties and special projects as assigned.