Originations Analyst at National Equity Fund

Chicago, Illinois, United States -

Full Time

Start Date

Immediate

Expiry Date

10 Apr, 26

Salary

0.0

Posted On

10 Jan, 26

Experience

0 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Analytical Skills, Financial Projections, Customer Service, Communication Skills, Microsoft Office, Real Estate Underwriting, Project Financing, Development Budget, Construction Schedule, Operating Expenses, Debt Service, Market Comparability, Developer Capacity, Tax Laws, Secondary Financing, Low-Income Housing Tax Credits

Industry

Real Estate

Description

Job Details Job Location: Corp. Office - Chicago, IL - Chicago, IL 60661 Position Type: Full Time Education Level: 4 Year Degree Job Category: Real Estate 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 an investment, including preparing initial financial projections. The Analyst will also assist in preparing engagement or commitment letters, assisting with underwriting and other analysis and research as required. Essential duties Assist originators in evaluating 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 NEF’s 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 in maintaining relationships with developers and stakeholders through excellent customer service and utmost professionalism. Travel with Originators to assist at regional conferences, groundbreaking ceremonies, grand openings, and client marketing dinners. 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. Maintain NEF’s proprietary database for projects as requested by Originators. 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. The ideal candidate: Bachelor’s degree in business, economics, urban planning, or finance. Master’s degree a plus. At least one year of experience in underwriting and structuring real estate projects. Ability to multi-task and effectively manage numerous projects at the same time. Ability to work independently with limited direction. Strong analytical skills and proficiency in Microsoft Office applications, including most importantly Excel but also Word etc. Strong communication skills, both verbal and written. Prior experience with affordable housing loans or investments and knowledge of state and local funding programs a plus. We offer a competitive salary, along with a comprehensive benefits package. NEF IS AN EQUAL OPPORTUNITY EMPLOYER Qualifications

Responsibilities

The Originations Analyst will provide analytical support to the Originators on Regional Teams, assisting in evaluating the feasibility of investments and preparing financial projections. The role also involves maintaining relationships with developers and stakeholders and supporting various underwriting and analysis tasks.