[Hiring] LIHTC Sr. Underwriter @Enterprise Community Partners

Role Description

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 skills is required.

Job Responsibilities

• Underwrite 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
  • Tax credit documentation analysis
• 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.
• 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.
• Underwrite a high volume of and/or highly complex transactions that require a high level of coordination with clients.
• Communicate and manage customer expectations through the underwriting process using a positive and proactive approach.
• 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
  • Timely preparation and regular updates to the Transaction Summary format
• Assist with and attend deal closings or other customer service coverage enhancement opportunities.
• 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 group meetings, discussions, and ongoing process improvement efforts.
• Mentor and assist with training of newer staff.
• Perform other duties as assigned.

Qualifications

• Bachelor’s degree in Business, Accounting, Finance, or a related field required; master’s degree preferred.
• 6–8+ years of experience in real estate finance, affordable housing, and/or the Low-Income Housing Tax Credit (LIHTC) program.
• Extensive knowledge of LIHTC required.
• Strong financial analysis skills required, including advanced Excel modeling capabilities.
• Experience closing real estate transactions highly preferred.

Requirements

• Ability 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.
• Strong 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.
• Highly 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.
• Ability to work evening and weekend hours during peak periods.

Benefits

• Comprehensive total rewards package for you and your family.
• Base salary for this role is $120,000 to $130,000, depending on level of skills and experience.
• Annual performance bonuses and generous paid leave programs.
• Dental, health, and vision care plans.
• Family-building benefits, such as fertility, adoption, surrogacy support, and gender-affirming care.
• Flexible work arrangements to promote a better work-life balance.
• Health advocacy, EAP, and mental health benefits.
• Financial education, wellness programs, and auto-enrollment in the company's 401(k) plan with employer matching contributions.
• Learning and development opportunities, including tuition reimbursement for job-related courses and certifications.