Acquisitions Associate
Acquisitions Associate
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Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
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 over 20 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 the company. We are currently looking to add a talented Acquisitions Associate to the Acquisitions department in CREAs Boston MA office.
Physical Presence: In-Office Tue Thu; Flexible Mon & Fri
Open to: Boston MA. is preferred.
Reports to: Senior Vice President Originator
Position Summary:
The primary role of this position is to manage a pipeline of affordable housing properties conduct financial analysis prepare executive summaries and coordinate CREAs business development pipeline for qualifying Low-Income Housing Tax Credit (LIHTC) properties under Section 42 of the Internal Revenue Code. The qualified candidate must be able to effectively communicate with developers third-party lenders legal counsel and CREA employees at all levels.
Primary Responsibilities:
- Manage the Originators pipeline of deals from the application process to signed Letters of Intent.
- Analyze and update financial projections for affordable multifamily residential properties
- Review market studies tax credit applications and sponsorship information to ensure conformance with internal requirements
- Prepare Placement Committee packages
- Proactively coordinate Placement Committee approvals
- Prepare letters of intent
- Other duties as requested by the SVP Originator
This position requires a minimum of a bachelors degree preferably in Finance Accounting or Real Estate; up to 2 years of applicable financial analysis financial modeling or transactional real estate experience are preferred but not required. Prior multi-family real estate tax experience and/or CPA designation is a plus but not a prerequisite. You must have excellent communication and time management skills as well as the ability to comfortably interact with senior management and a large external client base. Less than 10% travel per year is required including attendance at industry conferences and events and the annual company meeting in Indianapolis. Must be proficient with Microsoft Office Suite specifically Excel and Word. Must possess and be able to demonstrate effectiveness with each of the following Core Competencies.
Core Competencies:
- Excellent oral and written communication skills
- Proactive mindset and taking ownership of workload
- Excellent analytical interpersonal and communication skills
- Ability to effectively manage and administer sensitive and confidential information
- Attention to detail and ability to prioritize
- Initiative and ability to work with limited guidance & supervision
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.
Required Experience:
IC
Employment Type
Full-Time
