Multifamily LIHTC Underwriting Associate (Flex)
Location: 1100 15th St NW, Washington, DC
Full-time
Company Description
At Fannie Mae, futures are made. The inspiring work we do helps make a home a possibility for millions of homeowners and renters. Every day offers compelling opportunities to impact the future of the housing industry while being part of an inclusive team thriving in an energizing, flexible environment. Here, you will grow your career and help create access to fair, affordable housing finance.
Job Description
Since restarting its Low-Income Housing Tax Credit (LIHTC) platform in 2018, Fannie Mae has invested over $4 billion in proprietary and multi-investor funds. As a valued colleague on our team, you will provide expert advice on overseeing customer network development and customer support activities, as well as supporting customer engagement opportunities. Additionally, you will be responsible for planning, directing, or coordinating operational activities for the team with the help of executives and staff managers.
As a valued contributor on our dynamic team, you will be responsible for underwriting and closing investments through LIHTC proprietary funds, supporting customer network development and customer engagement opportunities.
THE IMPACT YOU WILL MAKE
The Multifamily LIHTC Underwriting Associate (Flex) role will offer you the flexibility to make each day your own, while working alongside people who care so that you can deliver on the following responsibilities:
- Working with our syndicator partners, this role will support the review of potential affordable multi-family developments in which Fannie Mae may provide an equity investment utilizing low-income housing tax credits.
- Research transaction attributes, participate in the underwriting, and assist in the internal approval process and ultimate closing of the LIHTC investment.
- Evaluate and report on various credit risks associated with the real estate, development team, market, etc. as well as conduct the initial modeling of the project’s development, operating and benefits proforma.
- Review and analyze multifamily transactions with supervision.
- Support the Director and other team members to underwrite and close potential affordable multifamily proprietary investments utilizing low-income housing tax credits.
- Actively participate on special project teams as needed.
- Travel to visit prospective investments and markets.
- Assist with customer relationships across business units and/or customer accounts, and strive to do what’s right for our customers.
- Assist team with identifying, maintaining, and supporting customer relationships.
- Assist in selling and promoting Fannie Mae’s products and services to ensure people across the country have access to affordable financing opportunities.
- Provide support for operational activities.
- Build subject matter expertise to support teams across the organization.
Qualifications
Desired Experiences
- Bachelor degree or equivalent.
Skills
- Experience gathering accurate information to explain concepts and answer critical questions.
- Adept at managing project plans, resources, and people to ensure successful project completion.
- Working with people with different functional expertise respectfully and cooperatively to work toward a common goal.
- Knowledge of, or working experience with, Multifamily real estate.
- 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 work on multiple projects simultaneously, managing time and resources to ensure work is completed efficiently and within established timeframes.
- Analytical skills with a mastery of Office Excel.
Tools
- Skilled in Excel.
- Experience using Salesforce CRM.
- Skilled in Microsoft Teams.
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