Senior Underwriter - LIHTC Proprietary Investments

Senior Underwriter - LIHTC Proprietary Investments

Job Description

Since restarting its Low-Income Housing Tax Credit (LIHTC) platform in 2018, Fannie Mae has invested approximately $4.7 billion in proprietary and multi-investor funds. As a valued contributor on our dynamic team, you will be responsible for underwriting and closing investments through LIHTC proprietary funds.

• Work with syndicator partners to structure, underwrite, and close potential affordable multifamily proprietary investments utilizing low-income housing tax credits.
• Maintain overall responsibility for the investment review and approval process of proprietary investments, collaborating with internal and external stakeholders.
• Identify and assess the risk profile of equity investments to ensure risk is mitigated 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.
• Work with management to recommend business solutions based on analysis of internal and market data.
• Actively participate on special project teams as needed.
• Travel to visit prospective investments and markets.

• 6 years of LIHTC equity experience with a track record underwriting and closing LIHTC proprietary investments while maintaining product and credit quality.
• Demonstrated experience in modeling and structuring LIHTC proprietary investments, managing critical projects and tight timelines.
• Highly motivated self-starter with good attention to detail.
• A 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 influence through negotiating, persuading others, facilitating meetings, and resolving conflict.
• Proficient in tax and accounting matters related to LIHTC.
• Ability to successfully manage and engage stakeholders, customers, and vendors and build relationship networks.
• Experience gathering accurate information to explain concepts and answer critical questions.
• Ability to travel overnight 25% of the time.

• Bachelor’s degree or equivalent.
• Proven ability to lead projects and complex problem solving skills.
• Proven ability to work with people with different functional expertise respectfully and cooperatively towards a common goal.

Target Pay Range: $123,000 - $161,000 per year

Hybrid

Mid-Senior level

Full-time

Finance and Sales

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.