Fund Analyst, Fund Management

Full-time

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 nearly 25 years in affordable housing, CREA has raised $12.025 billion - resulting in the formation of over 88,000 homes within 958 communities across the country. Thanks to the contributions of over 145 employees, CREA continues to seek talented and passionate individuals who are excited about opportunities to grow with us in the future. We are looking to add a talented Fund Analyst to the Fund Management department in the Indianapolis or Boston CREA office.

Physical Presence: In-Office Tue – Thu; Flexible Mon & Fri

Open to the following CREA office locations: Indianapolis, IN., or Boston, MA.

Reports to: Senior Vice President, Fund Management

Position Summary:

This position in the Fund Management department will be responsible for monitoring, managing, and tracking all Fund activity for a specific group of CREA Tax Credit Funds, and preparing documents for Senior Analysts and Vice Presidents that are ultimately provided to Investors.

Primary Responsibilities:

Primary responsibilities will include, but are not limited to, the following:

Cash Management:

Lead the coordination with Asset Management and Syndication to plan for upcoming capital calls

Draft investor capital call requests

Work with the Accounting Department to draw on Bridge Line as needed

Manage cash position on a monthly basis and prepare reconciliations

Year-End Reporting:

Review lower-tier partnership tax returns and audits

Update project-level financial models quarterly and at year-end

Assist Fund auditors during preliminary and year-end fieldwork

Investor Reporting:

Generate and post all monthly journal entries for certain fund entities

Assist with the preparation and analysis of quarterly reports, including, but not limited to:

Fund Benefit Schedules

Project Benefit Schedules

Project and Fund Level Summary Reports

Fund cash reserve projections

Drafting fund entity financial statements

Drafting investor narratives highlighting key features of the fund entity

Calculate investor yield on a quarterly basis

Closings:

Review the adequacy of partnership accountant expertise and capacity

Research and calculate applicable state taxes for the Fund and other entities

Review draft Limited Partnership Agreements

Create active, post-closing financial models for each new lower-tier partnership

Miscellaneous:

Populate data within the tax credit software

Initiate and implement custom reports within tax credit software

Prepare reports for Senior Management for internal control purposes

Special projects as needed

Requirements

A bachelor’s degree in accounting, finance, or a related business field is required. A minimum of two years of relevant work experience is preferred, particularly in the Low-Income Housing Tax Credit (LIHTC) program, the affordable housing industry, or public accounting. Candidate must demonstrate strong communication skills in interactions with investors, lenders, and developer partners in a financial services environment. The candidate must be able to communicate and work effectively with individuals representing various departments and having diverse specialties, both financial and non-financial. The candidate must possess strong organizational skills. This position requires knowledge of the Microsoft Office Suite and a high proficiency in Excel and Word. Overtime hours are expected during certain months of the year. Must possess and be able to demonstrate effectiveness with each of the following Core Competencies.

Core Competencies:

Excellent oral and written communication skills

Ability to function well in a team environment

Initiative and proactiveness are expected

Excellent organizational skills with the ability to prioritize and multitask.

Thorough analytical and problem-solving skills

Ability to be flexible and adapt to change

Ability to effectively administer sensitive and confidential information

Ability to interact with Management and employees at all levels

Our Values:

We work as a family, investing in each other, worthy causes, and the communities we serve.

We have integrity in all that we do; we embrace differences and treat others with kindness and respect.

We believe that, with teamwork, we can accomplish anything and pursue inventive solutions for our clients.