The National Equity Fund, Inc. (NEF), a leading non-profit
syndicator of low-income housing tax credits, is seeking an Originations
Analyst to provide analytical support to the Originators on Regional Teams in
the origination of low-income housing tax credit investments. The Analyst will assist
in evaluating the feasibility of investments including part or all of the
following tasks: prepare financial
projections, engagement or commitment letters, evaluate potential adjusters
post-closing, assist in maintaining relationships with non-profit and
for-profit low-income housing developers through excellent customer service and
evaluate prospective equity investments. Ability to analyze project’s
financing, development budget, construction schedule, operating expenses, debt
service, market comparability and developer capacity. Utilize and become proficient in NEF pricing
and underwriting model. Gain a thorough understanding of tax laws related to
the LIHTC and Historic Credits and become proficient in understanding secondary
financing, including CDBG, HOME, AHP and other local funds. Develop and maintain extensive knowledge of
real estate underwriting and Section 42 requirements.
The ideal candidate
will have a bachelor’s degree in business, economics, urban planning or finance.
Master’s degree preferred. Minimum two to four years experience in underwriting
and structuring real estate projects. Applicant must have strong analytical skills
and proficiency in Excel and ability to learn dedicated systems. Prior
experience with affordable housing loans or investments and knowledge of state
and local housing finance programs a plus. Understanding of non-profit housing
and community development and commitment to working with diverse, low income
communities. Skill sets must include excellent organizational skills with
attention to detail, exemplary oral and written communication and proficient
computer skills. Frequent travel will be
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 rhall@nefinc.org
or mail to The National Equity Fund, Human Resources Department, 120 South
Riverside Plaza, 15th Floor, Chicago, IL 60606.