Senior Fund Analyst, Fund Management

CREA LLC is a full-service low-income housing tax credit (LIHTC) syndicator forming long-term 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 contribution of over 130 employees CREA continues to look for talented and passionate individuals who are excited about opportunities to grow with us into the are looking to add a talented Senior Fund Analyst to the Fund Management department in CREAs Indianapolis IN. or Boston MA. office.

Physical Presence: In-Office Tue Thu; Flexible Mon & Fri

Open to: Indianapolis IN. and Boston MA.

Reports to: Senior Vice President Fund Management

Position Summary:

This position within the Fund Management department is a role combining mostly senior management aspects but some analyst-level duties in managing all Fund activity for a specific group of CREA Tax Credit Funds. These activities will include but are not limited to the following:

Primary Responsibilities:

Cash Management

• Prepare and review monthly cash needs analysis for each Fund.
• Prepare review and send investor capital calls and bridge loan requests.
• Review tax credit equity adjusters prepared by asset management.
• Assist in making decisions regarding borrowings and investor capital calls while understanding the impacts on investor yield and CREA profitability.

Year-End Reporting

• Review lower-tier partnership tax returns and audits.
• Assist in the preparation and review of Fund audits and tax returns.
• Analyze actual results compared to financial forecasts.

Investor Reporting

• Prepare and review monthly bank reconciliations and all monthly journal entries.
• Prepare and review 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 fund entity
• Calculate investor yield on a quarterly basis

Closings

• Review Fund Agreements Amendments and other Fund documents.
• Prepare consolidated Fund benefit schedules for deal closings.
• Miscellaneous
• Special projects for investors and CREA senior management from both a CREA budgeting and an asset management perspective.
• Update financial models and benefit schedules for special GP requests requiring investor consent.

Requires a bachelors degree in accounting and a minimum of 4 years of accounting real estate finance or related work experience. Knowledge of Great Plains general ledger system or other accounting software is preferred. Previous work experience in the Low-Income Housing Tax Credit Program or the Affordable Housing industry is a plus. The candidate must demonstrate strong customer service skills in interactions with investors lenders and developer partners within a financial services environment. The candidate must be able to communicate and work effectively with team members representing various departments and having varying specialties both financial and non-financial. The candidate must possess strong organizational skills. Requires knowledge of Microsoft Office Suite and 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 effectively.
• Excellent analytical and problem-solving 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.