Assistant Vice President, Underwriting
Assistant Vice President, Underwriting
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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 AVP Underwriting to the Underwriting department in CREAs Indianapolis IN office.
Physical Presence: In-Office Tue Thu; Flexible Mon & Fri
Open to: Indianapolis IN.
Reports to: Senior Vice President Underwriting
Position Summary:
The primary role of this experienced position is to evaluate potential investments brought to CREA for consideration. Investments are on a national scale and the individual will work closely with other areas of CREA including Acquisitions Syndications and Asset reviewing investments the individual will research and report on various credit risks associated with the real estate the development team and the market. Following the underwriting process the individual will participate in the presentation to recommend the investment to senior leadership.
Primary Responsibilities:
- Evaluate financial models and operating proformas
- Analyze historical data and market conditions
- Engage and evaluate third-party market studies
- Recommend appropriate rent and expense levels for the proposed investment based on research conducted
- Perform credit and background checks on entities and individuals; escalate and help resolve any findings.
- Review proposed financing and key loan documents
- Review existing conditions and trends of guarantor and developer financial statements and their real estate portfolios.
- Prepare various reports and present summaries of findings to department leaders and Investment Committees
- Support the development and maintenance of IT tools models and databases
- Participate in site visits to evaluate existing conditions and risks
This position requires a bachelors degree in real estate finance accounting or another related field. A minimum of four years of applicable work experience in multi-family real estate and investment analysis or related field. The successful candidate will be highly motivated proactive possess efficient time management skills and be willing to accept new responsibilities as our business grows. Approximately 10% travel will be required with some overnight trips necessary. Must possess and be able to demonstrate effectiveness with each of the following Core Competencies.
Core Competencies:
- High level of detail orientation research and organizational skills;
- Ability to review audits financial statements and tax returns.
- Familiarity with various online background search tools;
- Capacity to analyze and communicate developers real estate performance;
- Effective written and oral communication skills to express complex issues or solutions;
- Strong analytical skills;
- Proficiency with Microsoft Office Suite;
- Possess confidence and initiative to succeed with minimal supervision;
- Ability to work on multiple projects simultaneously while diligently managing priorities and resources to meet various deadlines;
- Exhibit professionalism high ethics and a team philosophy in ones work;
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:
Chief
Employment Type
Full-Time
