Vice President, Underwriting

Description

CREA, LLC is a full-service low-income housing tax credit (LIHTC) syndicator forming long-term relationships with investors and developers that cultivate success and improve lives. With more than 25 years in affordable housing, CREA has raised in excess of $14 billion, since inception - resulting in the formation of over 100,000 homes within 1,000+ communities across the country. Thanks to the contribution of over 135 employees, CREA continues to look for talented and passionate individuals who are excited about opportunities to grow with us into the future.

We are looking to add a talented Vice President to the Underwriting department in Indianapolis, IN.

CREA, LLC is a full-service low-income housing tax credit (LIHTC) syndicator forming long-term relationships with investors and developers that cultivate success and improve lives. With more than 25 years in affordable housing, CREA has raised in excess of $14 billion, since inception - resulting in the formation of over 100,000 homes within 1,000+ communities across the country. Thanks to the contribution of over 135 employees, CREA continues to look for talented and passionate individuals who are excited about opportunities to grow with us into the future.

We are looking to add a talented Vice President to the Underwriting department in Indianapolis, IN.

In-Office | Tue – Thu;
Flexible | Mon & Fri

Indianapolis, IN.

Managing Director, Credit & Underwriting

The Vice President, Underwriting evaluates prospective affordable housing investments utilizing the Low-Income Housing Tax Credit (LIHTC) program. This experienced role performs financial, credit, market, and risk analysis; identifies investment risks and mitigation strategies; and prepares recommendations for senior leadership and investment decision-makers. The position works closely with Acquisitions, Syndications, Asset Management, developers, lenders, legal counsel, consultants, investors, and other internal and external stakeholders throughout underwriting, approval, closing, and funding.

Th Vice President independently manages a portfolio of assigned transactions, develops productive transaction relationships, influences outcomes through sound judgment and effective communication, provides technical guidance to junior team members, and contributes to the continuous improvement of CREA's underwriting practices, tools, and investment processes.

• Lead underwriting efforts for assigned LIHTC investment opportunities from initial screening through closing and funding.
• Independently manage a portfolio of active transactions, balancing competing priorities and deadlines while ensuring timely underwriting, approvals, closings, and funding.
• Evaluate financial models, development budgets, operating pro formas, historical performance, market conditions, market studies, third-party reports, and financing structures.
• Perform detailed financial analysis, including debt sizing, break-even analysis, cash flow projections, sensitivity testing, and risk assessment.
• Recommend appropriate rent and expense levels for proposed investments based on research and analysis.
• Evaluate transaction feasibility, real estate conditions, development team experience, guarantor strength, developer and guarantor financial statements, real estate portfolios, and overall creditworthiness.
• Perform credit and background checks on entities and individuals; elevate findings and support their resolution.
• Identify material investment risks and recommend appropriate mitigation strategies consistent with CREA's investment guidelines.
• Review proposed financing, key loan documents, financing terms, partnership structures, and legal…