LIHTC Underwriter - Lead Associate

Fannie Mae; Washington (District of Columbia); Hybrid; USD 109,000 - 142,000; Full time

Job summary

Fannie Mae in Washington, D.C. seeks an experienced LIHTC Underwriter, Lead Associate to oversee underwriting and closing of affordable multifamily proprietary investments.

You will work with our syndicator partners to ensure sound investments and compliance with credit and regulatory guidelines. The role requires 4+ years of LIHTC equity experience, strong analytical and communication skills, and the ability to manage multiple priorities in a collaborative, evolving team.

Qualifications

• 4 years LIHTC Equity experience with a track record underwriting and closing LIHTC proprietary investments.
• Experience modeling and structuring LIHTC proprietary investments.
• Strong analytical, verbal, written and presentation communication skills.
• Ability to influence through negotiating, persuading others and facilitating meetings.

Responsibilities

• Underwrite and close LIHTC proprietary investments with syndicator partners.
• Maintain investment review and approval process with internal and external stakeholders.
• Identify and assess risk of equity investments to ensure guidelines are met.
• Coordinate with internal and external teams to develop milestones for execution.
• Assist leadership in updating processes related to legal, risk, operations, finance, accounting and audit.
• Travel to visit prospective investments and markets (up to 25%).

Education

Bachelor's degree or equivalent

Job description

Playing an essential role in the U.S. economy, Fannie Mae is foundational to housing finance. Here, your expertise can help fuel purpose-driven innovation that expands access to homeownership and affordable rental housing across the country. Join Fannie Mae to grow your career and help people find a place to call home.Job DescriptionAs a valued colleague on our Low-Income Housing Tax Credit (LIHTC) team, you will provide expert advice on overseeing customer network development and customer support activities, as well as supporting customer engagement opportunities. Since restarting its Low-Income Housing Tax Credit (LIHTC) platform in 2018, Fannie Mae has invested over $5 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 MAKEThe LIHTC Underwriter, Lead Associate 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:Work with our syndicator partners to underwrite and close potential affordable multifamily proprietary investments utilizing low-income housing tax creditsMaintain overall responsibility for the investment review and approval process of proprietary investments including collaboration with internal and external stakeholdersIdentify and assess the risk profile of equity investments to ensure risk is mitigated and objectives are met within appropriate credit, investment and regulatory guidelinesCoordinate with internal and external teams to develop key milestones to achieve a seamless executionWork with management to recommend business solutions based on analysis of internal and market dataAssist the Senior Director, Director, Chief Operating Officer and Vice President in managing and updating processes related to internal stakeholders such as multifamily legal, risk, operations, finance, accounting and auditActively participate in special project teams as neededTravel to visit prospective investments and marketsMinimum Required Experience4 years of LIHTC Equity experience with a track record underwriting and closing LIHTC proprietary investments while maintaining product and credit qualityDemonstrated experience in modeling and structuring LIHTC proprietary investments, managing critical projects and tight timelinesSkilled in managing multiple and competing priorities to help the Senior Director and DirectorHighly motivated self-starter with good attention to detailA team player with excellent interpersonal skills who is energized by working in a collaborative, dynamic and evolving team environmentStrong analytical, verbal, written and presentation communication skillsAbility to influence through negotiating, persuading others, facilitating meetings, and resolving conflictAbility to successfully manage and engage stakeholders, customers, and vendors and build relationship networksExperience gathering accurate information to explain concepts and answer critical questionsDemonstrates curiosity and adaptability by learning and responsibly applying new techniques, including artificial intelligence, to reimagine how we workAbility to travel overnight 25% of the timeDesired ExperienceBachelor’s degree or equivalentExperience with equity or debt portfolio management software/systems such as MRI, Salesforce, and YardiAbility to navigate multiple systems, manage data and create reportsDemonstrated ability to collaborate effectively and respectfully with colleagues across diverse functional areas to achieve shared goalsMultifamily Customer Engagement - Customer and Partner Management - Lead Associate#LI-NL1 - HybridQualificationsEducation: Bachelor's Level Degree (Required)The future is what you make it to be. Discover compelling opportunities at Fanniemae.com/careers.For most roles, employees are expected to work onsite on a regular basis at their designated office location. In-office work cadence is determined by your manager. Proximity within a reasonable commute to your designated office location is preferred unless the job is noted as open to remote.Fannie Mae is an equal opportunity employer and considers qualified applicants for employment without regard to race, color, religion, sex, national origin, disability, age, sexual orientation, gender identity/gender expression, marital or parental status, or any other protected factor. Fannie Mae is committed to providing reasonable accommodations to qualified individuals with disabilities who are employees or applicants for employment, unless to do so would cause undue hardship to the company. If you need assistance using our online system and/or you need a reasonable accommodation related to the hiring/application process, please complete this form .The hiring range for this role is set forth below. Final salaries will generally vary within that range based on factors that include but are not limited to, skill set, depth of experience, certifications, and other relevant qualifications. This position is eligible to participate in a Fannie Mae incentive program (subject to the terms of the program). As part of our comprehensive benefits package, Fannie Mae offers a broad range of Health, Life, Voluntary Lifestyle, and other benefits and perks that enhance an employee's physical, mental, emotional, and financial well-being. See more here .Requisition compensation: 109000to 142000