What: The primary function of this position is to manage and coordinate due diligence and underwriting process for tax credit equity investments in affordable housing opportunities. The essential duties and responsibilities will include:
- upon securing a project, coordinate project meeting with developer including all entities involved,
- lead role in arranging and reviewing third party market study and work with third party market analyst to obtain a finished product in accordance with company specifications,
- prepare market write-up for investment proposal and recommend rent and income parameters for assigned deals based upon market study and due diligence,
- prepare expense analysis for IP, coordinate with internal departments to evaluate proposed operating budget,
- prepare the guarantor financial analysis for the IP and obtain guarantor due diligence and conduct initial guarantor and entity review, including online search,
- review project due diligence and projections throughout closing process, with designated VP Project Management, monitor review of due diligence and completion of checklist, responsible for responding to investor questions,
- provide assistance and support to internal staff as needed; relating to modification to deal structure post-closing, monitor construction and lease-up and assist in analyses at time of project conversion to perm loan and other duties as assigned.
Additional skill sets include: ability to multi-task on a variety of projects and tasks, excellent verbal and written communication and the ability to work in a team-oriented environment. Ability to travel as needed.
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, email to rhall@nefinc.org or mail to The National Equity Fund, Human Resources Department, 10 South Riverside Plaza, Suite 1700, Chicago, IL 60606.