Fannie Mae

LIHTC Underwriter - Senior Associate

Fannie Mae$96K — $124K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 2+ years of experience with LIHTC proprietary fund underwriting
  • Strong skills in financial modeling and project management
  • Proficient in managing multiple priorities for investment pipeline
  • Excellent teamwork and interpersonal skills in dynamic settings
  • Strong analytical and communication capabilities
  • Skilled in stakeholder engagement and relationship building
  • Proficient with Microsoft Office, especially Excel, Word, and PowerPoint

Responsibilities

  • Develop relationships with customers and partners to communicate investment criteria
  • Assist in underwriting and closing investments under senior guidance
  • Identify and analyze risks associated with LIHTC investments
  • Coordinate with teams to ensure smooth execution of investment agreements
  • Support management in process updates related to internal teams
  • Provide business recommendations through data analysis
  • Engage in special projects as required

Benefits

  • Comprehensive health and life insurance options
  • Voluntary lifestyle benefits to enhance employee well-being
  • Incentive program participation eligibility
  • Support for physical, mental, and financial wellness
  • Flexible work arrangements in a hybrid model
Full Job Description
Job Description

As a valued colleague on our Low-Income Housing Tax Credit (LIHTC) team, you will provide expert advice on overseeing customer network development and customer support activities, as well as supporting customer engagement opportunities. Since restarting its LIHTC platform in 2018, Fannie Mae has been a significant investor in proprietary and multi-investor funds. As a valued contributor on our dynamic team, you will help the LIHTC team originate new proprietary and multi-investor fund LIHTC investments through our syndicator partners. Additionally, you will be responsible for assigned operational activities for the team with the help of executives and staff managers.

THE IMPACT YOU WILL MAKE

The LIHTC Underwriter, Senior Associate 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:
  • Develop customer relationships by working with the LIHTC team's Senior Director, Director, Advisors and syndicator partners to communicate investment parameters, manage pipeline, and screen, model, price and negotiate letters of intent (LOIs) for multifamily LIHTC investments.
  • Support the LIHTC team's business activities by assisting with the underwriting and closing of proprietary and multi-investor fund investments, including negotiating proprietary fund agreements, under the direction of the Senior Director, Director and Advisors. Also periodically assist the Head of Underwriting with the underwriting and closing of lower tier proprietary investments.
  • Identify and assess the risk profile of LIHTC 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, Chief Operating Officer and Vice President in managing and updating processes related to internal stakeholders such as multifamily legal, risk, operations, finance, accounting and audit.
  • Partner with management to recommend business solutions based on analysis of internal and market data.
  • Actively participate on special projects as needed.
  • Travel on a limited basis to visit prospective investments and markets.


THE EXPERIENCE YOU BRING TO THE TEAM

Minimum Required Experience
  • 2 years of relevant experience with a track record underwriting 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 gathering accurate information to clearly explain concepts and answer critical questions.
  • Proven ability to work respectfully and cooperatively with individuals across diverse functional areas to achieve shared goals.
  • Skilled in Microsoft Office suite products with particular focus on Excel, Word and PowerPoint.
  • Curiosity and adaptability learning and responsibly applying new techniques, including artificial intelligence, to reimagine how we work


Desired Experience
  • Bachelor's degree or equivalent.
  • Experience with equity or debt portfolio management software/systems such as MRI, Salesforce, and Yardi.
  • Ability to navigate multiple systems, manage data and create reports.


Multifamily Family Customer Engagement - Customer and Partner Management - Senior Associate

#LI-NL1 - Hybrid

Qualifications

Education:
Bachelor's Level Degree (Required)

The hiring range for this role is set forth below. Final salaries will generally vary within that range based on factors that include but are not limited to, skill set, depth of experience, certifications, and other relevant qualifications. 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. See more here.

Requisition compensation:
96000
to
124000

About Fannie Mae

As the leading source of residential mortgage credit in the U.S. secondary market, Fannie Mae is supporting today's economic recovery and helping to build a sustainable housing finance system. They exist to provide reliable, large-scale access to affordable mortgage credit in all communities across the country at all times so people can buy, refinance, or rent homes. Fannie Mae is working to establish and implement industry standards‚ develop better tools to price and manage credit risk‚ build new infrastructure to ensure a liquid and efficient market and facilitate the collection and reporting of data for accurate financial reporting and improved risk management. Fannie Mae is committed to being their customers’ most valued business partner and delivering the products, services and tools their customers need to serve the entire market confidently, efficiently and profitably. Ultimately‚ Fannie Mae measures their progress not only by paying taxpayers and improving the housing finance system‚ but also by the difference they make in people’s lives.

Fannie Mae Careers

Join the vibrant team at Fannie Mae, where we are committed to solving the challenges of today's housing market while fostering inclusive growth and innovation. As a cornerstone of the American mortgage system, Fannie Mae offers unparalleled job opportunities that empower you to influence the future of housing finance. Work You’ll Do At Fannie Mae, you will collaborate with some of the brightest minds in the finance and technology sectors. Our mission is to ensure access to affordable housing for people across the United States, and your work here will contribute to that goal. With roles ranging from financial analysis to technology development, your career at Fannie Mae will be marked by growth, leadership, and the pursuit of excellence. Innovate and Lead Fannie Mae stands at the intersection of financial services and innovative technology solutions, making it an ideal place for those who are driven to explore new ideas and push boundaries. Our culture thrives on innovation and leadership, encouraging every team member to bring forward ideas that drive efficiency and effectiveness. Professional Growth and Development Career advancement at Fannie Mae is not just a possibility—it is an expectation. We are dedicated to the professional growth of our employees through robust training programs, leadership workshops, and continuous learning opportunities. Whether you are looking to sharpen your analytical skills, enhance your leadership capabilities, or dive deep into the housing market dynamics, Fannie Mae provides the resources to achieve your professional goals. Diversity and Inclusion At Fannie Mae, we believe that diversity fuels innovation. We are committed to fostering an inclusive environment where diverse voices are heard and valued. Through diversity training and a culture that celebrates unique perspectives, we ensure that all team members can contribute to their fullest potential. Join Our Team Explore the array of job opportunities at Fannie Mae, from internships for budding professionals to full-time positions for seasoned experts. We are hiring individuals who are passionate, curious, and eager to make a difference. Our team is looking for candidates who not only have the necessary skills but also embody our values of integrity, impartiality, and respect. Benefits and Perks Working at Fannie Mae comes with a comprehensive benefits package designed to support the health, well-being, and financial security of our employees and their families. From competitive health benefits and retirement plans to flexible working arrangements and wellness programs, we prioritize the well-being of our team members. Stay Connected Networking and staying connected are key components of building a successful career at Fannie Mae. Engage with us through various professional networking events, online communities, and social platforms to stay updated on new positions, company news, and industry trends. Apply Now Ready to take the next step in your career? Review our open positions, tailor your resume, and prepare for an interview that could set you on a path to a rewarding career at Fannie Mae. We are excited to see how your vision, skills, and enthusiasm can contribute to our team and the broader mission of affordable housing. Explore Fannie Mae Jobs Discover the exciting and impactful career paths available at Fannie Mae. Each position offers the opportunity to challenge yourself, contribute to a significant cause, and work within a culture that values innovation, leadership, and community impact. Join us in shaping the future of housing finance—apply today and be part of a team that is dedicated to making a difference.
Learn more about Fannie Mae
Size
7,400 employees
Industry
Founded
1938
NASDAQ

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