Account Manager; LIHTC Underwriter

The Account Manager is responsible for underwriting low-income housing tax credit projects, driving deals through the closing process, managing and coordinating Credit Committee memos, and providing in-depth analysis of key diligence items to recommend actions to the Committee and Risk Officer. In this process, the Account Manager performs an unbiased evaluation of transactions, structuring tax credit investments, measuring the risks, and identifying mitigants associated with these transactions.

Essential Job Functions:

Function/Responsibility

As part of underwriting assigned proposed tax credit investments:

• Understands all facets of the deal, including but not limited to guarantor review, income and expense analysis, financial underwriting, and due diligence review
• Facilitates due diligence collection and review
• Joins and is an active participant in closing calls to maintain the closing timeline
• Prepares and presents the Investment Memo package – including narratives, descriptions, risks and mitigants, and other ad hoc analyses illustrating pertinent aspects of the investment – for internal approval at various times during the closing process
• Owns the financial model throughout the closing process, including the maintenance of yield from LOI through Closing
• Identifies and elevates risk items or changes to the Originator, Risk Officer, or other parties affected by changes and identifies mitigants
• Provides regular updates with AVP of Accounts Management; EVP, Acquisitions; and Risk Officer regarding deal underwriting progress including status of closing checklist review, review of due diligence materials, transaction timing, and problematic issue identification and resolution to assist in the management of the closing pipeline
• Collaborates with Originator to enable coordinated communication with Developer partners using a positive and proactive approach that will foster long-term positive relationships.
• Ensure that OCCH’s underwriting guidelines are met on each transaction
• Leads transition to Construction and Asset Management
• Other duties as assigned

Education/Certifications:

Bachelor’s degree in Business, Accounting, Finance, Real Estate, or related field required.

Work Experience:

1-3+ years’ experience real estate finance, lending, affordable housing and/or LIHTC program, and familiarity with industry policies, issues, and programs.

Knowledge, Skills & Abilities:

• Functional/Technical skills- Has the functional and technical (e.g., accounting, finance) knowledge and data analysis skills to perform at a high level of accomplishment in a fast-paced environment.
  • Strong communication and analytical/technical skills, including financial accounting, modeling, and investment structuring.
  • Proficient Excel modeling skills required.
  • Attention to detail.
• Problem Solving – Uses rigorous logic and methods to solve difficult problems with effective solutions; looks beyond the obvious and does not stop at the first answers.
• Communication – Conveys messages clearly and succinctly both verbally and in writing; speaks in a manner that is effective for a variety of audiences and settings, coaches’ others in a constructive way.
• Informing – Provides the information people need to know to do their jobs; provides information so that decision makers can make accurate decisions.
• Priority Management – Prioritizes multiple tasks/projects successfully; delivers outputs within time frames; demonstrates an ability to focus on the details without losing site of the big picture.
  • Strong organizational skills and ability to coordinate complex activities, prioritize conflicting demands and meet deadlines.
  • Must be highly motivated, be able to work independently.
  • Demonstrated ability to work productively and accurately in a fast-paced environment with multiple projects and stringent deadlines.
• Learning on the Fly – Open to change; analyzes both successes and failures for clues to improvement; enjoys the challenge of unfamiliar tasks.
  • Demonstrates professionalism, diplomacy and composure and is flexible and able to adapt to a variety of situations.
• Ability to work evening and weekend hours during peak periods.
• Ability to travel for site visits as required.

Ohio…