Financial Analyst, Underwriting

Socket.dev; Indianapolis (IN); On-site; USD 65,000 - 85,000; Full time

Job summary

CREA, LLC is seeking a Financial Analyst in Indianapolis to support an underwriting team focused on LIHTC investments. You will handle analysis, data management, due diligence, and reporting to help underwrite transactions and prepare materials for committees.

The role requires a finance or related degree and strong Excel skills, along with attention to detail, organization, and collaborative communication across teams.

Qualifications

• Bachelor’s degree required in Finance, Accounting, Real Estate, Economics, or related field.
• Strong knowledge of MS Office, especially Excel, and basic financial statement literacy.
• Excellent analytical, organizational, communication, and problem-solving abilities.
• Ability to manage multiple assignments, adapt to changing priorities, and meet deadlines.
• Curiosity, initiative, and a desire to learn affordable housing finance and LIHTC underwriting.

Responsibilities

• Support underwriting team based on transaction volume and priorities.
• Review and analyze pro formas, market studies, appraisals, and engineering reports.
• Collect, validate, and organize transaction data and underwriting files.
• Perform basic financial analysis and quality-control using Excel and company systems.
• Summarize income statements, balance sheets, cash flows, and REO schedules.
• Assist with underwriting memoranda, investment summaries, and presentation packages.
• Research developers, guarantors, markets, financing sources, and transaction participants.
• Support milestones tracking, information requests, and special projects.

Skills

Analytical skills

Organizational skills

Communication skills

Problem solving

Attention to detail

Multitasking

Curiosity/initiative

Education

Bachelor's degree in Finance/Accounting/Real Estate/Economics/Business Admin

Tools

Microsoft Excel

Microsoft Office Suite

Job description

Description

CREA, LLC is a full-service low-income housing tax credit (LIHTC) syndicator forming long-term relationships with investors and developers that cultivate success and improve lives. With over 20 years in affordable housing, CREA has raised $14.1 billion - resulting in the formation of 106K+ homes within 1,122 communities across the country. Thanks to the contribution of over 130 employees, CREA continues to look for talented and passionate individuals who are excited about opportunities to grow with us into the future. We are currently looking to add a talented Underwriting department in the CREA offices in Indianapolis, IN.

Position Summary:

CREA is seeking a Financial Analyst to provide analytical and operational support across its Underwriting team. This flexible role supports transaction underwriting, financial analysis, due diligence, reporting, data management, and special projects related to Low-Income Housing Tax Credit (LIHTC) investments. It is an excellent opportunity to build a foundation in affordable housing, real estate finance, and underwriting.

Primary Responsibilities:

• Provide support across the Underwriting team based on transaction volume, priorities, and resource needs.
• Organize, review, and analyze underwriting and due diligence materials, including pro formas, market studies, appraisals, and engineering reports.
• Collect, validate, maintain, and organize transaction data, supporting documentation, and underwriting files.
• Perform basic financial analysis and quality-control reviews using Microsoft Excel and company systems.
• Review and summarize income statements, balance sheets, cash flow statements, and real estate owned schedules.
• Assist with underwriting memoranda, investment summaries, committee materials, and presentation packages.
• Research developers, guarantors, markets, financing sources, and other transaction participants.
• Support assignment and milestone tracking, information requests, process improvements, and other special projects.

Requirements

• Bachelor’s degree in Finance, Accounting, Real Estate, Economics, Business Administration, or a related field.
• Strong knowledge of Microsoft Office, especially Excel, and a basic understanding of financial statements and business fundamentals.
• Strong analytical, organizational, communication, and problem-solving skills with close attention to detail.
• Ability to manage multiple assignments, adapt to changing priorities, meet deadlines, and collaborate effectively.
• Curiosity, initiative, a strong work ethic, and a desire to learn affordable housing finance and LIHTC underwriting.
• Candidate must have a valid driver’s license; up to 10% travel may be required based on business needs.

Preferred:

• Up to 3 years of experience in one or more of the following areas: Underwriting, Finance, Accounting, Banking, Commercial real estate, Mortgage lending, Consulting, and other analytical fields
• Exposure to the following areas is preferred but not required: Multifamily housing, Affordable housing, Lending, or Financial Analysis.
• Advanced financial modeling experience is not required.

Core Competencies:

• Excellent attention to detail
• Effective written and oral communication skills to express complex issues or solutions
• Excellent analytical skills
• Proficiency with Microsoft Office Suite
• Possess confidence and initiative to succeed with minimal supervision
• Ability to work on multiple projects simultaneously while diligently managing priorities and resources to meet various deadlines
• Exhibit professionalism, high ethics, and a team philosophy in one’s work.

Our Values:

• We work as a family, investing in each other, worthy causes, and the communities we serve.
• We have integrity in all that we do; we embrace differences and treat others with kindness and respect.
• We believe that, with teamwork, we can accomplish anything and pursue inventive solutions for our clients.