Fund Analyst Fund Management

CREA LLC is a fullservice lowincome housing tax credit (LIHTC) syndicator forming longterm relationships with investors and developers that cultivate success and improve lives. With nearly 25 years in affordable housing CREA has raised $12.025 billion resulting in the formation of over 88000 homes within 958 communities across the country. Thanks to the contributions of over 145 employees CREA continues to seek talented and passionate individuals who are excited about opportunities to grow with us in the future. We are looking to add a talented Fund Analyst to the Fund Management department in the Indianapolis or Boston CREA office.

Physical Presence: InOffice Tue Thu; Flexible Mon & Fri

Open to the following CREA office locations: Indianapolis IN. or Boston MA.

Reports to: Senior Vice President Fund Management

Position Summary:

This position in the Fund Management department will be responsible for monitoring managing and tracking all Fund activity for a specific group of CREA Tax Credit Funds and preparing documents for Senior Analysts and Vice Presidents that are ultimately provided to Investors.

Primary Responsibilities:

Primary responsibilities will include but are not limited to the following:

Cash Management:

• Lead the coordination with Asset Management and Syndication to plan for upcoming capital calls
• Draft investor capital call requests
• Work with the Accounting Department to draw on Bridge Line as needed
• Manage cash position on a monthly basis and prepare reconciliations

YearEnd Reporting:

• Review lowertier partnership tax returns and audits
• Update projectlevel financial models quarterly and at yearend
• Assist Fund auditors during preliminary and yearend fieldwork

Investor Reporting:

• Generate and post all monthly journal entries for certain fund entities
• Assist with the preparation and analysis of quarterly reports including but not limited to:
• Fund Benefit Schedules
• Project Benefit Schedules
• Project and Fund Level Summary Reports
• Fund cash reserve projections
• Drafting fund entity financial statements
• Drafting investor narratives highlighting key features of the fund entity
• Calculate investor yield on a quarterly basis

Closings:

• Review the adequacy of partnership accountant expertise and capacity
• Research and calculate applicable state taxes for the Fund and other entities
• Review draft Limited Partnership Agreements
• Create active postclosing financial models for each new lowertier partnership

Miscellaneous:

• Populate data within the tax credit software
• Initiate and implement custom reports within tax credit software
• Prepare reports for Senior Management for internal control purposes
• Special projects as needed

A bachelors degree in accounting finance or a related business field is required. A minimum of two years of relevant work experience is preferred particularly in the LowIncome Housing Tax Credit (LIHTC) program the affordable housing industry or public accounting. Candidate must demonstrate strong communication skills in interactions with investors lenders and developer partners in a financial services environment. The candidate must be able to communicate and work effectively with individuals representing various departments and having diverse specialties both financial and nonfinancial. The candidate must possess strong organizational skills. This position requires knowledge of the Microsoft Office Suite and a high proficiency in Excel and Word. Overtime hours are expected during certain months of the year. Must possess and be able to demonstrate effectiveness with each of the following Core Competencies.

Core Competencies:

• Excellent oral and written communication skills
• Ability to function well in a team environment
• Initiative and proactiveness are expected
• Excellent organizational skills with the ability to prioritize and multitask.
• Thorough analytical and problemsolving skills
• Ability to be flexible and adapt to change
• Ability to effectively administer sensitive and confidential information
• Ability to interact with Management and employees at all levels

Our Values:

• We work as a family investing in each other worthy causes and the communities we serve.
• We have integrity in all that we do; we embrace differences and treat others with kindness and respect.
• We believe that with teamwork we can accomplish anything and pursue inventive solutions for our clients.