LIHTC Senior Financial Analyst of Affordable Housing

COMPANY OVERVIEW
Ovation a family-owned and privately held real estate firm with a 40-year track record is a vertically integrated organization specializing in the development construction and management of residential properties. To date Ovation has developed over 40 properties comprising more than 12000 apartment units with an additional 4000 units currently in development pipeline. The firms multifamily portfolio includes 6000 Class A units 400 active adult units 2200 affordable senior units and 2000 units managed for third parties for a total of 10600 units under management. Committed to enhancing the lives of individuals families and communities Ovation continues to expand its impact one home at a time.

We are a dynamic and collaborative team dedicated to excellence and innovation. We value diversity and believe that it contributes to our success. We are committed to providing our employees with the tools resources and supportthey need to succeed in their roles.

PRIMARY OBJECTIVES:

The Senior Financial Analyst of Affordable Housing will report to the Director of this role you will underwrite new developments assist with managing transaction closing processes and monitor developments that are underway. You will serve as a key analytical and financial resource throughout the development lifecycle building and maintaining detailed pro forma models evaluating financing structures and supporting negotiations with investors and lenders. You will also contribute to ongoing project performance monitoring. This role offers exposure to every stage of affordable housing development from land acquisition through stabilization.

KEY RESONSIBLITIES:

Financial Analysis & Underwriting

o Build and maintain detailed pro forma financial models for LIHTC developments incorporating debt equity and tax credit structures.

o Conduct underwriting of acquisition and development opportunities analyzing feasibility operating assumptions and layered financing.

o Perform sensitivity analyses and scenario modeling to evaluate project risks credit pricing and investor returns.

o Support negotiations with lenders equity investors and other capital providers through preparation of financial packages and analyses.

Advanced LIHTC-Specific Responsibilities

o Model and evaluate Year 15 scenarios including exit strategies partnership buyouts and asset disposition analyses.

o Perform calculations for credit delivery and timing adjusters monitoring equity contributions tied to construction benchmarks and placed-in-service dates.

o Assist in analyzing and documenting 50% test compliance for tax-exempt bond-financed transactions.

o Support preparation and submission of IRS Form 8609s ensuring accuracy of eligible basis and final cost certifications.

o Track and assist with construction loan paydowns and monitor equity installment schedules tied to project milestones.

o Support permanent loan conversion processes coordinating with lenders and attorneys to ensure conditions precedent are satisfied.

Transaction Structuring & Due Diligence

o Prepare and review investor and lender due diligence materials including financial forecasts budgets and legal documents.

o Review and comment on legal documents related to the transaction

o Prepare comparisons with prior projects.

o Collaborate with legal accounting and compliance teams to ensure proper documentation and program compliance.

Development Support

o Support senior team members across the full development lifecycle including acquisition financing construction lease-up and stabilization.

o Track project performance against budget schedule and funding benchmarks.

o Prepare presentations and reports for investment committees lenders and housing finance agencies.

Market & policy analysis

o Conduct market research to support site selection and competitive positioning.

o Stay up to date on LIHTC regulations IRS compliance state housing finance agency allocation processes and HUD policies.

o Monitor regulatory or market changes affecting tax credit pricing interest rates and affordable housing demand.

EDUCATION

Bachelors degree in finance business real estate urban planning or related field is preferred but not required

ESSENTIAL KNOWLEDGE & SKILLS

24 years of experience in the development of affordable housing as a financial analyst

Strong Excel and analytical skills

Strong understanding of financial concepts and the ability to reflect such concepts in financial models without direction

Excellent organizational time management and communication skills

Self-starter with the ability to handle multiple priorities and deadlines

SALARY:

$95K/yr Depending on experience

COMPANY BENEFITS:

We offer competitive salaries career growth opportunities and a comprehensive benefits package including medical dental vision and a 401(k) plan with employer match.

• Rent discount Employee rent discount after 90 days.
• Medical Insurance 100% free option available for employee/company pays portion of dependent coverage eligible 1st of the month after 60 days
• Dental and Vision Insurance Employee and dependent coverage options available eligible 1st of the month after 60 days.
• You will be eligible to enroll in our 401K plan on the first day of the quarter following three months of employment.
• Our generous PTO package consists of 13 days of paid time off which is pro-rated in each pay period and increases with tenure (available after 90 days of employment) ten holidays and one-half day annually.