VP, LIHTC Underwriting & Investments

Socket.dev; Indianapolis (IN); Hybrid; USD 120,000 - 180,000; Full time

Job summary

Socket.dev seeks a seasoned Vice President, Underwriting to lead LIHTC investment underwriting from screening to funding. You will independently manage a diverse portfolio, drive timely closings, and guide junior members with technical best practices.

The role partners with Acquisitions, Syndications, Asset Management, lenders, developers, and lawyers to optimize investment outcomes. You will evaluate complex financial models, assess market conditions, and recommend robust risk mitigations while

Qualifications

• Bachelor's degree in Real Estate, Finance, Economics, Business, or related field.
• Minimum of eight years of applicable experience in multifamily real estate, affordable housing, LIHTC syndication, commercial real estate lending, or real estate investment analysis.
• Strong understanding of affordable housing finance, LIHTC regulations, multifamily development, construction lending, permanent financing, and partnership structures.
• Advanced proficiency in Microsoft Excel and financial modeling, with proficiency in the Microsoft Office Suite.

Responsibilities

• Lead underwriting efforts for assigned LIHTC investment opportunities from initial screening through closing and funding.
• Independently manage a portfolio of active transactions, balancing competing priorities and deadlines while ensuring timely underwriting, approvals, closings, and funding.
• Evaluate financial models, development budgets, operating pro formas, historical performance, market conditions, market studies, third-party reports, and financing structures.
• Perform detailed financial analysis, including debt sizing, break-even analysis, cash flow projections, sensitivity testing, and risk assessment.
• Recommend appropriate rent and expense levels for proposed investments based on research and analysis.
• Evaluate transaction feasibility, real estate conditions, development team experience, guarantor strength, developer and guarantor financial statements, real estate portfolios, and overall creditworthiness.
• Perform credit and background checks on entities and individuals; elevate findings and support their resolution.
• Identify material investment risks and recommend appropriate mitigation strategies consistent with CREA's investment guidelines.
• Review proposed financing, key loan documents, financing terms, partnership structures, and legal documentation.
• Lead the preparation of underwriting memoranda, presentation materials, and investment recommendations for Screening, Placement, Capital, and Investment Committees; present transaction findings and respond to questions regarding underwriting assumptions, risks, and recommendations.
• Collaborate with originators, Acquisitions, Syndications, Asset Management, attorneys, lenders, developers, consultants, investors, and other stakeholders to facilitate successful transaction execution.

Skills

LIHTC underwriting

Financial analysis

Communication skills

Portfolio management

Time management

Education

Bachelor's degree in Real Estate, Finance, Economics, Business, or related field

Tools

Microsoft Excel

Financial modeling software

Job description

Socket.dev seeks a seasoned Vice President, Underwriting to lead LIHTC investment underwriting from screening to funding. You will independently manage a diverse portfolio, drive timely closings, and guide junior members with technical best practices.

The role partners with Acquisitions, Syndications, Asset Management, lenders, developers, and lawyers to optimize investment outcomes. You will evaluate complex financial models, assess market conditions, and recommend robust risk mitigations while