LIHTC Underwriter Associate

Playing an essential role in the U.S. economy Fannie Mae is foundational to housing finance. Here your expertise can help fuel purpose-driven innovation that expands access to homeownership and affordable rental housing across the country. Join Fannie Mae to grow your career and help people find a place to call home.

Job Description

As a valued colleague on our Low-Income Housing Tax Credit (LIHTC) team you will assist the team with overseeing customer network development and customer support activities as well as supporting customer engagement opportunities. Since restarting its LIHTC platform in 2018 Fannie Mae has invested over $4 billion in proprietary and multi-investor funds. As a valued contributor to our dynamic team you will help the LIHTC team originate new proprietary and multi-investor fund LIHTC investments through our syndicator partners. Additionally you will be responsible for assigned activities for the team under the direction of senior team members.

THE IMPACT YOU WILL MAKE

The LIHTC Underwriter - Associate role will offer you the flexibility to make each day your own while working alongside dedicated colleagues so that you can deliver on the following responsibilities:

• Assist with customer (syndicator) relationships by working with the LIHTC teams Head of Acquisitions Director and other staff to communicate investment parameters manage pipeline and screen model price and negotiate letters of intent (LOIs) for multifamily proprietary LIHTC investments.
• Identify and assess the risk profile of potential proprietary LIHTC investments during the bidding process to ensure risks are addressed within LOIs and objectives are met within appropriate credit investment and regulatory guidelines.
• Coordinate with internal and external teams to develop key milestones to achieve a seamless execution of LOIs and secure proprietary investments.
• Support the LIHTC teams other business activities by participating in the underwriting negotiating and closing of multi-investor fund investments and proprietary fund agreements under the direction of the Head of Acquisitions and Director. Also periodically assist the Head of Underwriting with the underwriting and closing of proprietary investments.
• Assist the Vice President Chief Operating Officer and other senior staff in managing and updating processes related to internal stakeholders such as multifamily legal risk operations finance accounting and audit as well as external stakeholders.
• Working with senior leadership recommend business solutions based on analysis of internal and market data.
• Actively participate in special projects as needed.
• Potentially travel on a limited basis to visit prospective investments and markets.

THE EXPERIENCE YOU BRING TO THE TEAM

Minimum Required Experience

• Up to two (2) years of relevant experience underwriting LIHTC proprietary fund investments with a demonstrated ability to maintain product and credit quality.
• Skilled in managing multiple and competing priorities to help the Head of Acquisitions Director and other senior staff maintain a robust pipeline of prospective investments shown by syndicator partners.
• Highly motivated self-starter with good attention to detail.
• Team player with excellent interpersonal skills who is energized by working in a collaborative dynamic and evolving team environment.
• Strong analytical verbal written and presentation communication skills.
• Ability to gather accurate information and explain concepts and answer critical questions verbally and in writing.
• Proven ability to work with people with different functional expertise respectfully and cooperatively towards a common goal.
• Skilled in Microsoft Office suite of products particularly Excel Word and PowerPoint.
• Demonstrates curiosity and adaptability by learning and responsibly applying new techniques including artificial intelligence to reimagine how we work.

Desired Experience

• Bachelors degree or equivalent.
• Experience with equity or debt portfolio management software/systems (e.g. MRI Salesforce Yardi).
• Ability to navigate multiple systems manage data and create reports.

Multifamily Customer Engagement - Customer and Partner Management - Associate

#LI-NL1 - Hybrid

Qualifications

Education:

The future is what you make it to be. Discover compelling opportunities at most roles employees are expected to work onsite on a regular basis at their designated office -office work cadence is determined by your manager. Proximity within a reasonable commute to your designated office location is preferred unless the job is noted as open to remote.

Fannie Mae is an equal opportunity employer and considers qualified applicants for employment without regard to race color religion sex national origin disability age sexual orientation gender identity/gender expression marital or parental status or any other protected factor. Fannie Mae is committed to providing reasonable accommodations to qualified individuals with disabilities who are employees or applicants for employment unless to do so would cause undue hardship to the company. If you need assistance using our online system and/or you need a reasonable accommodation related to the hiring/application process please complete this form.

The hiring range for this role is set forth below. Final salaries will generally vary within that range based on factors that include but are not limited to skill set depth of experience certifications and other relevant qualifications. This position is eligible to participate in a Fannie Mae incentive program (subject to the terms of the program). As part of our comprehensive benefits package Fannie Mae offers a broad range of Health Life Voluntary Lifestyle and other benefits and perks that enhance an employees physical mental emotional and financial well-being. See more here.

Requisition compensation:

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