Lihtc Senior Underwriter

Summary

Join Fannie Mae's dynamic team as a LIHTC Senior Underwriter and play a crucial role in managing the origination of new LIHTC investments. You will work with syndicator partners, underwrite investments, assess risk, coordinate with internal and external teams, and recommend business solutions. This role requires a Bachelor's degree, 6+ years of LIHTC equity experience, strong analytical and communication skills, and proficiency in Microsoft Office Suite. Fannie Mae offers a flexible hybrid work environment and a comprehensive benefits package. The ideal candidate will possess experience with equity or debt portfolio management software and a willingness to travel periodically. This position contributes to Fannie Mae's mission of making homeownership a possibility for millions.

Requirements

• Bachelor’s degree or equivalent
• 6 years of LIHTC Equity experience with a track record underwriting and closing LIHTC proprietary fund investments while maintaining product and credit quality
• Demonstrated experience in modeling and structuring LIHTC investments and managing critical projects, as well as tight and changing timelines
• Skilled in managing multiple and competing priorities to help the Senior Director and Director 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 influence through negotiating, persuading others, facilitating meetings, and resolving conflict
• Ability to successfully manage and engage stakeholders, customers, and vendors and build relationship networks
• Experience in gathering accurate information to explain concepts and answer critical questions
• 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

Responsibilities

• Work with our syndicator partners, communicate investment parameters, manage pipeline, and screen, model, price and negotiate letters of intent (LOIs) for multifamily LIHTC investments
• As needed, underwrite and close proprietary and multi-investor fund investments, as well as negotiate and close proprietary fund agreements
• 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 of LOIs and secure investments
• Assist the Senior Director, Director and Chief Operating Officer in managing and updating processes related to internal stakeholders such as multifamily legal, risk, operations, finance, accounting and audit
• Working with management, recommend business solutions based on analysis of internal and market data
• Actively participate on special project teams as needed
• Travel periodically to visit prospective investments and markets

Preferred Qualifications

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

Benefits

• Flexible hybrid company. We embrace flexibility for our employees to work where they choose, while also providing office space for in-person work if desired
• 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 employee’s physical, mental, emotional, and financial well-being