LIHTC Underwriter

Enterprise-Community-Partners; United States; Remote; USD 120,000 - 130,000; Full time

Benefits offered by this job

Salary transparency

Health benefits

401(k) matching

Flexible work arrangements

Paid leave

Job summary

Enterprise Community Partners, Inc. is seeking an experienced professional to underwrite Low-Income Housing Tax Credit investments.

The role requires extensive LIHTC knowledge, solid financial analysis, and advanced Excel modeling, with 3–5+ years in real estate finance or affordable housing. You will process due diligence, analyze market and sources/uses, support investment committee reviews, and coordinate with originators to ensure timely closings.

Qualifications

• Bachelor’s degree in Business, Accounting, Finance required; master’s degree preferred.
• 3–5+ years of experience in real estate finance, affordable housing, LIHTC.
• Strong financial analysis skills and advanced Excel modeling.

Responsibilities

• Underwrite LIHTC investments with detailed analysis and documentation.
• Obtain due diligence materials and review loan documents and LP agreements.
• Prepare and present investment requests for committee approval.
• Assist with deal closings and organize closed files for transition to Asset Management.
• Coordinate with originator and underwriting team and maintain client communications.
• Support investor relations and asset management activities as needed.
• Participate in group meetings and perform other duties as assigned.

Skills

LIHTC underwriting

Financial analysis

Excel modeling

Communication

Project coordination

Education

Bachelor’s degree in Business/Accounting/Finance

Master’s degree preferred

Tools

Microsoft Word

PowerPoint

Job description

At Enterprise, we scale housing affordability solutions for millions of people. For more than 40 years, we've championed big ideas that create more housing opportunity for everyone, investing more than $92 billion to create or preserve more than 1 million homes. Our greatest strength is bringing together the right partners, capital, and capabilities to help what's working reach more communities, faster. Join us as we unlock access to a quality, affordable home for millions across the country.Working at EnterpriseAt Enterprise, you’ll be part of a diverse, committed team making a difference every day. You will collaborate with some of the smartest minds and biggest hearts in our field. You’ll be empowered to drive systems change and take bold steps to advance racial equity. And you will find a career home where you’re valued and supported in your growth journey.Enterprise offers career opportunities in our offices across the country with an exceptional benefits package.Job Description SummaryEnterprise Community Investment is seeking an experienced individual with affordable housing and/or LIHTC experience to underwrite low-income housing tax credit investments. Extensive knowledge of LIHTC (Low Income Housing Tax Credits) along with strong financial analysis skills is required.Job DescriptionResponsibilitiesUnderwrite tax credit investments as assigned, including completion of the following underwriting tasks: sponsorship analysis, market analysis, sources and uses and capital structure analysis, income and expense underwriting, and tax credit documentation analysis. As part of processing each transaction, obtain due diligence materials from the client, conduct site visits as needed, review project loan documents and the LP agreement for material business terms, participate with the originator in conference calls with customers, and prepare and present requests for investment committee approval and investor review, including narrative descriptions, charts, graphs, and tables illustrating pertinent aspects of the proposed investment.Under the direction of the originator and director of underwriting, communicate and manage customer expectations through the underwriting process using a positive and proactive approach that will enable repeat origination opportunities.Provide regular communication to the originator and director of underwriting regarding deal underwriting progress, including process checklist review, due diligence review, transaction timing, issue identification, and timely preparation and regular updates to the Transaction Summary format as required by the originator and the process checklist.Assist with and attend deal closings or other customer service coverage enhancement opportunities (if requested by the originator or director of underwriting) and help complete and organize closed deal files for transition to Asset Management.Assist with other Syndication priorities as requested (e.g., asset management, investor relations, and assistance to other lines of business).Participate in and contribute to group meetings and discussions.Perform other duties as assigned.QualificationsCore Technical ExpertiseBachelor’s degree in Business, Accounting, Finance, or a related field required; master’s degree preferred.3–5+ years of experience in real estate finance, affordable housing, and/or the Low-Income Housing Tax Credit (LIHTC) program, including familiarity with apartment market dynamics in both urban and suburban areas and relevant industry policies, issues, and programs.Extensive knowledge of LIHTC required.Strong financial analysis skills required, including advanced Excel modeling capabilities.Experience closing real estate transactions highly preferred.Execution and Operational PerformanceAbility to manage multiple tasks effectively under significant time pressure and meet closing deadlines.Strong organizational skills, with the ability to coordinate complex activities, prioritize competing demands, and meet deadlines.Ability to maintain a big-picture perspective while attending closely to detail and producing thorough documentation.Demonstrated ability to work productively and accurately in a fast-paced environment while managing multiple projects and stringent deadlines.Communication and CollaborationStrong writing and editing skills needed to produce correspondence and reports.Demonstrated verbal communication and interpersonal skills to represent the company effectively to all parties.Proficiency in Microsoft Word required; PowerPoint proficiency a plus.Professional Judgment and Work StyleHighly motivated, with the ability to work independently, solve problems effectively, and communicate clearly in writing and verbally.Demonstrated professionalism, diplomacy, composure, flexibility, and adaptability in a variety of situations.Expected to demonstrate strong ethics in interpersonal relationships and to work effectively as a collaborative team member.Ability to work evening and weekend hours during peak periods.Salary TransparencyYou will be joining a team of talented professionals motivated by serving the community and addressing the need for affordable housing.Enterprise offers a comprehensive total rewards package for you and your family. The pay range for this position is $120,000 – $130,000. The salary range represents the low and high end of what may be paid for this position. It is not typical for an individual to be hired at or near the top of the pay range, and compensation decisions may be influenced by a variety of factors, including skills, qualifications, experience, and location.Total Rewards at EnterpriseThis range is just one component of our total rewards package, which also includes annual performance bonuses and generous paid leave programs.Our benefits form a major part of the total rewards package. These include dental, health, and vision care plans, as well as family-building benefits such as adoption and surrogacy support. Enterprise supports flexible work arrangements to promote work-life balance and offers health advocacy, an Employee Assistance Program (EAP), and mental health benefits. We round out our package with financial education, wellness programs, and auto-enrollment in the company’s 401(k) plan with employer matching contributions.Finally, you will have access to learning and development opportunities, including tuition reimbursement for job-related courses and certifications. Thank you for your interest in joining the Enterprise team and contributing to our mission to serve others.#LI-JW1 #ID