LIHTC Underwriter - Senior Associate

Fannie Mae; United States; Hybrid; USD 96,000 - 124,000; Full time

Benefits offered by this job

Health benefits

Bonus program

Hybrid work

Job summary

Fannie Mae is hiring for a Multifamily LIHTC Senior Associate to oversee customer relationships, support LIHTC investments, and coordinate underwriting with analysts and executives. The role involves partnering with syndicators, managing LOIs, and driving pipeline growth in a hybrid work setting across the US.

Ideal candidates will have 2+ years in LIHTC underwriting, strong modeling skills, and proficiency in Excel, Word, and PowerPoint. Occasional travel is expected as part of team objectives.

Qualifications

• 2 years of LIHTC underwriting experience with fund investments.
• Experience in modeling LIHTC investments and managing tight timelines.
• Ability to manage multiple priorities and maintain a robust pipeline.
• Strong analytical, verbal, written and presentation skills.
• Proven ability to collaborate across functions.
• Proficient in Microsoft Office (Excel, Word, PowerPoint).
• Curiosity and adaptability including AI concepts.

Responsibilities

• Develop relationships with LIHTC team and partners to communicate investment parameters.
• Support underwriting and closing of LIHTC investments and fund agreements.
• Assist with risk assessment and compliance with credit and regulatory guidelines.
• Coordinate with internal/external teams to manage LOIs and investments.
• Travel occasionally to visit prospective investments.

Skills

Excel

PowerPoint

Word

Analytical

Communication

Stakeholder mgmt

Education

Bachelor's degree or equivalent

Tools

MRI

Salesforce

Yardi

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 Description

As 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 LIHTC platform in 2018, Fannie Mae has been a significant investor in proprietary and multi-investor funds. As a valued contributor on our dynamic team, you will help the LIHTC team originate new proprietary and multi-investor fund LIHTC investments through our syndicator partners. Additionally, you will be responsible for assigned operational activities for the team with the help of executives and staff managers.

THE IMPACT YOU WILL MAKE

• Develop customer relationships by working with the LIHTC team’s Senior Director, Director, Advisors and syndicator partners to communicate investment parameters, manage pipeline, and screen, model, price and negotiate letters of intent (LOIs) for multifamily LIHTC investments.
• Support the LIHTC team’s business activities by assisting with the underwriting and closing of proprietary and multi-investor fund investments, including negotiating proprietary fund agreements, under the direction of the Senior Director, Director and Advisors.
• Also periodically assist the Head of Underwriting with the underwriting and closing of lower tier proprietary investments.
• Identify and assess the risk profile of LIHTC 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 of LOIs and secure investments.
• Assist 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 audit.
• Partner with management to recommend business solutions based on analysis of internal and market data.
• Actively participate on special projects as needed.
• Travel on a limited basis to visit prospective investments and markets.

THE EXPERIENCE YOU BRING TO THE TEAM

Minimum Required Experience

• 2 years of relevant experience with a track record underwriting LIHTC proprietary fund investments while maintaining product and credit quality.
• Demonstrated experience in modeling and structuring LIHTC investments and managing critical projects, as well as tight and changing timelines.
• Skilled in managing multiple and competing priorities to help the Senior Director and Director maintain a robust pipeline of prospective investments shown by syndicator partners.
• Highly motivated self-starter with good attention to detail.
• 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.
• Ability to successfully manage and engage stakeholders, customers, and vendors and build relationship networks.
• Experience gathering accurate information to clearly explain concepts and answer critical questions.
• Proven ability to work respectfully and cooperatively with individuals across diverse functional areas to achieve shared goals.
• Skilled in Microsoft Office suite products with particular focus on Excel, Word and PowerPoint.
• Curiosity and adaptability learning and responsibly applying new techniques, including artificial intelligence, to reimagine how we work.

Desired Experience

• Bachelor’s degree or equivalent.
• Experience with equity or debt portfolio management software/systems such as MRI, Salesforce, and Yardi.
• Ability to navigate multiple systems, manage data and create reports.

Multifamily Family Customer Engagement - Customer and Partner Management - Senior Associate #LI-NL1 - Hybrid Qualifications Education: Bachelor's Level Degree (Required)

The future is what you make it to be.

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.

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.

Requisition compensation: 96000 to 124000

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.

Tackle America’s biggest housing challenges using the latest technology and AI, while collaborating with experts in their fields.

As a Fortune 25 company, Fannie Mae expands access to housing across America. Powered by the latest tech and AI, our innovative products and services drive the mortgage industry forward. We believe that prioritizing our people’s growth and success is essential to achieving our business goals and fulfilling our purpose.