Senior Community Investments Officer

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Full Time Professional Burlington, VT, Burlington, VT, US

12 days ago Requisition

Salary Range: $95,000.00 To $ Annually

VISION STATEMENT
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People in every community have an affordable place to live and opportunities to thrive.

MISSION
STATEMENT
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We work with partners to connect underserved communities in the northern New England region with capital and expertise to advance projects and policies that create more inclusive places to live.

Summary
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The Senior Community Investments Officer is a highly specialized position with delegated decision-making authority that leads and manages complex Low-Income Housing Tax Credit (LIHTC) equity investment transactions from equity offer through investment approval and closing. This position collaborates with the Community Investments team, Evernorth staff, external partners, sponsors, borrowers, lenders, and developers to analyze and close Evernorth’s tax credit investment opportunities.

Key competencies include leading deal points and negotiations of LIHTC equity offers and lower tier partnership documents; complex financial modeling; project management and follow-through; analytical and critical thinking; high-level organizational skills and attention to detail; interpersonal skills and collaborative mindset; and promoting the mission of Evernorth to its partners and the public.

Responsibilities

Create and maintain relationships with external partners to sustain a pipeline of LIHTC investment opportunities.

Analyze prospective investment opportunities including preliminary LIHTC project feasibility, real estate development and market risks, community impacts/benefits, developer/sponsor strength, and financial return.

Structure LIHTC transactions per investment criteria and pricing parameters, working through underwriting and transaction structuring with Directors of LIHTC Acquisitions, Risk Management, and Capital Strategies, and legal counsel, proposing mitigating adjustments as directed or necessary.

Lead negotiations of equity offers, underwriting terms, and partnership agreements with developer/sponsor partners while supporting proprietary investors and closing attorney teams. Propose mitigating adjustments as directed or as necessary.

Ensure completion of due diligence, financial modeling, and analysis of LIHTC developments from signed offer through construction loan closing:

Perform, manage and/or mentor the process to collect and review information and data presented in appraisals, market studies, environmental reports, credit reports, business plans, corporate and personal financial statements, and other information as needed.

Perform, manage and/or mentor the identification of key issues, trends, risks, community impacts, and conformance with prescribed underwriting standards, market trends, and portfolio or industry benchmarks. Propose or implement mitigating adjustments as directed or necessary.

Prepare and manage financial modeling and transaction structuring considerations with external legal and accounting counsel as well as internal Directors of LIHTC Acquisitions, Capital Management, Capital Strategies, and/or Asset Management.

Review financing and regulatory documents in collaboration with Director of LIHTC Acquisitions and closing attorneys.

Work with project sponsors to structure transactions and seek opportunities to improve projects by bringing a problem-solving attitude to the work.

Respond directly to questions regarding specific investor requirements and third party due diligence reviews as requested by proprietary or multi-investor fund investors via the Capital Management team and/or the Director of LIHTC Acquisitions.

Provide technical assistance to developer/sponsor partners as needed and in support of Evernorth syndication, lending, and real estate development lines of business.

Identify opportunities to expand other Evernorth lines of business and partnerships.

Work with Directors of LIHTC Acquisitions, Capital Management, Asset Management, and other Evernorth staff to prepare preliminary project summaries and investment proposals for committee and investor review; attend investment committee meetings and present projects; draft equity offers and intake packages for closing attorneys.

Lead investments through closing, resolving transaction challenges, satisfying investor…