LIHTC Underwriter

Enterprise 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 skill is required.

***We have 2 openings which can be located in either Columbia, MD, Denver, CO, Cleveland, OH, Boston, MA, New York, NY or Chicago, IL as well as open to other Enterprise locations.

Job Responsibilities

• Underwrite tax credit investments as assigned by the Originator 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 of each transaction, obtain due diligence materials from client, conduct site visits as needed, review project loan documents and LP agreement for material business terms, participate with the originator in conference calls with the customers, prepare and present requests for investment committee approval including narrative descriptions, charts, graphs and tables illustrating pertinent aspects of the proposed investment.

• Under the direction of the originator, 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 originator regarding deal underwriting progress including process checklist review, due diligence review, transaction timing, and issue identification 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) and help to complete and organize closed deal files for transition to Asset Management.

• Assist with other Syndication priorities as requested (e.g., asset management, investor relations, assistance to other lines of business).

• Participate in and contribute to group meetings and discussions.

• Performs other duties as assigned.