AVP, Acquisitions Associate

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 25 years in affordable housing CREA has raised $13.5 billion resulting in the formation of 97500 homes within 1059 communities across the country. Thanks to the contribution of over 135 employees CREA continues to look for talented and passionate individuals who are excited about opportunities to grow with us into the future. We are seeking a talented AVP Acquisitions to join our Acquisitions team in New York.

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

Open to the following locations: New York NY.

Reports to: Senior Vice President Originator

Position Summary:

CREA is seeking a driven collaborative acquisitions professional to partner with the SVP Originator in managing and advancing a pipeline of LIHTC development opportunities under Section 42 of the Internal Revenue this role you will play a key part in conducting financial analysis preparing investment committee packages and coordinating materials in support of prospective investment opportunities.

You will work closely with developers third-party lenders legal counsel and internal CREA stakeholders across all levels requiring strong communication skills and the ability to effectively manage relationships throughout the transaction lifecycle.

Primary Responsibilities:

• Maintain disciplined oversight and milestones of LIHTC transaction pipeline from prospect to signed Letter of Intent
• Represent CREA internally and externally on behalf of SVP Originator
• Create analyze and update financial projections for affordable multifamily LIHTC residential properties and assist in facilitating project structuring solutions amendable to both CREA and its developers
• Review market studies pro-formas LIHTC applications and sponsorship information to ensure conformance with specified investment requirements
• Prepare transaction Placement Committee package inclusive of thorough project and development team overview guarantor analysis and risk mitigants
• Coordination across internal groups to source information for Placement Committee package
• Prepare Letters of Intent and coordinate the analysis and incorporation of comments and post-Placement Committee approvals
• Other duties as requested by the SVP Originator

• Bachelors degree required; Finance Accounting or Real Estate preferred
• Minimum of 3 years of experience in financial analysis financial modeling and transactional multifamily LIHTC real estate
• Strong communication and time management skills with the ability to effectively collaborate with senior management and a broad external client base
• Proficiency in Microsoft Office Suite with advanced capabilities in Excel and working knowledge of Word
• Ability to demonstrate effectiveness across all required core competencies
• Ability to travel up to 10% annually for industry conferences events and company meetings as determined by the SVP Originator

Preferred Qualifications:

• CPA and/or MBA designation (preferred not required)
• Familiarity with multifamily loan products and New York State and New York City LIHTC programs

Core Competencies:

• Demonstrates integrity professionalism reliability and sound judgment
• Proactive self-motivated approach with the ability to take initiative
• Strong analytical interpersonal and communication skills including clear and effective written and verbal communication
• Ability to handle sensitive and confidential information with a high degree of discretion
• Highly organized with strong attention to detail and the ability to effectively prioritize and manage multiple transactions
• Capable of working independently with minimal supervision while maintaining quality and accountability

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

Work Authorization

• No visa sponsorship available
• Candidates must currently reside within commuting distance of New York NY as relocation assistance is not available for this position.

Compensation

Compensation for this position is determined based on factors such as education qualifications relevant experience and geographic location.

• New York NY: $98000 $150000

Notice of AI Use in Job Application Review

As part of our commitment in creating a fair efficient and consistent hiring process we may use artificial intelligence (AI) to help our recruiting teams organize summarize and analyze information provided by candidates including resumes application responses and other materials submitted during the application process. AI may be used to identify patterns highlight relevant skills and experience and assist in comparing a candidates qualifications with the requirements of a specific role. These tools are to improve efficiency and consistency while supporting more informed hiring decisions which will ultimately be made by the hiring team.