Since restarting its Low-Income Housing Tax Credit (LIHTC) platform in 2018, Fannie Mae has invested approximately $4.7 billion in proprietary and multi-investor funds. As a valued contributor on our dynamic team, you will be responsible for underwriting and closing investments through LIHTC proprietary funds.
THE IMPACT YOU WILL MAKE
The Senior Underwriter-LIHTC Proprietary Investments role will offer you the flexibility to make each day your own, while working alongside people who care so that you can deliver on the following responsibilities:
- Working with our syndicator partners, this role will structure, underwrite and close potential affordable multifamily proprietary investments utilizing low-income housing tax credits.
- Maintain overall responsibility for the investment review and approval process of proprietary investments including collaboration with internal and external stakeholders.
- Identify and assess the risk profile of equity investments to ensure risk is mitigated and objectives are met within appropriate credit, investment and regulatory guidelines.
- Coordinate with internal and external teams to develop key milestones to achieve a seamless execution.
- Working with management, recommend business solutions based on analysis of internal and market data.
- Actively participate on special project teams as needed.
- Travel to visit prospective investments and markets.
THE EXPERIENCE YOU BRING TO THE TEAM
Minimum Required Experience
- 6 years of LIHTC Equity experience with a track record underwriting and closing LIHTC proprietary investments while maintaining product and credit quality
- Demonstrated experience in modeling and structuring LIHTC proprietary investments, managing critical projects and tight timelines
- Highly motivated self-starter with good attention to detail
- A team player with excellent interpersonal skills who is energized by working in a collaborative, dynamic and evolving team environment
- Strong analytical, verbal, written and presentation communication skills
- Ability to influence through negotiating, persuading others, facilitating meetings, and resolving conflict
- Proficient in tax and accounting matters related to LIHTC
- Ability to successfully manage and engage stakeholders, customers, and vendors and build relationship networks
- Experience gathering accurate information to explain concepts and answer critical questions
- Ability to travel overnight 25% of the time
Desired Experience
- Bachelor’s degree or equivalent
- Proven ability to lead projects and complex problem solving skills
- Proven ability to work with people with different functional expertise respectfully and cooperatively towards a common goal.
