The National Equity Fund, Inc. (NEF), the largest non-profit syndicator of low-income housing tax credits, is seeking a New Markets Tax Credit Underwriter for our
Chicago Office. The main functions of this position are to originate structure and close New Markets Tax Credit (NMTC) investments with a focus on long term project viability and generation of significant community impacts. Also, responsible for working with non-profit organizations that need assistance or expertise in structuring NMTC transactions and being a contact for Local Initiatives Support Corporation (LISC) Program staff. Independently manage the acquisition process for community development projects seeking LISC NMTC financing. The Underwriter is responsible for evaluating potential NMTC transaction opportunities to determine whether they comply with NMTC program requirements and structuring NMTC transactions according to established underwriting guidelines and pricing parameters. Analyze project income structure, operating expenses, debt service requirements, market studies and a developer’s financial and development capacity. Negotiate transaction terms and lead closing process in conjunction with NEF closing attorney. Participate in marketing efforts in specified LISC communities and establish new relationships with non-profit and for-profit developers in these communities.
The ideal candidate will have an undergraduate or graduate degree in business, economics, urban planning or finance. Minimum 5 years experience in commercial real estate transaction, including extensive credit and structuring, origination and closing experience preferred. Prior experience with complex financing structures, community facility loans or investments, and knowledge of state and local programs a plus. Skill sets must include superior oral/written communication, ability to work on numerous projects at the same time, strong analytical abilities and proficiency in Excel, knowledge and practical understanding of non-profit community development, growing business relationships, writing investment proposals and closing transactions. Minimum travel of 25% required.
We offer a competitive salary, along with a comprehensive benefits package.
Submit resume and cover letter with salary requirements via fax to (312) 360-0804,
e-mail to HYPERLINK mailto:rhall@nefinc.org rhall@nefinc.org, or mail to The National Equity Fund, Human Resources Department, 120 South Riverside Plaza, 15th Floor, Chicago, IL 60606.
NEF IS AN EQUAL OPPORTUNITY EMPLOYER
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In the heart of Chicago, we offer degrees in fields of study that can change your life and change the world. CUPPA students and alumni are uniquely skilled to build and transform sustainable urban neighborhoods and communities and to address the challenges presented in the 21st century. Find our more about our Bachelors, Masters, and Doctorate degrees at cuppa.uic.edu.
Follow our job postings below and our national job tweets at @CUPPACareers. For student internships and student opportunities, head to the CUPPA Student Opportunities Blog
Have a job or internship to post? Send an email with the title, location, job description, and contact information to cuppa@uic.edu