Job Details
Qualifications
- Analysis skills
- Bachelor's degree
- Communication skills
- Driver's License
- Microsoft Excel
- Public accounting
Job Description
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 over 20 years in affordable housing, CREA has raised $9.88 billion - resulting in the formation of over 77,000 homes within 849 communities across the country. Thanks to the contribution of over 160 employees, CREA continues to look for talented and passionate individuals who are excited about opportunities to grow with the company. We are looking to add a talented Financial Analyst, Stabilized, to the Asset Management team.
Physical Presence: In-Office | Tue – Thu; Flexible | Mon & Fri
Location: Indianapolis, Indiana, or Portland, OR., office is preferred.
Reports to: Vice President, Asset Management
Position Summary:
This entry-level position will play an important role in supporting the AVP Asset Managers, completing in-house compliance reviews and virtual site inspections, and managing a limited portfolio of assets in the Stabilized phase within CREA, LLC’s portfolio of Section 42 low-income housing tax credit projects.
Primary Responsibilities:
Support Asset Managers
Assist in collecting, reviewing, and providing follow-up on reporting requirements to include quarterly financials, annual budgets, and annual tax returns/audits
Special projects and reporting as requested
Portfolio Management
Maintain a detailed working knowledge of each project within the assigned portfolio
Reporting & Technology
Collect, review, and provide reporting on monthly, quarterly, and annual financial information for the lower-tier partnerships
Work with centralized database system to track project data
Analyze partnership benchmarks and financial statements and perform risk rating analysis
Collect tax returns and audits from the lower tier partnerships and coordinate review and approval through CREA Fund Management Group
Coordination completion and then review of virtual site inspection reports
Compliance and Tax Credit Delivery
Complete in-house compliance tenant file reviews
Monitor projects for compliance with partnership agreements
Maintain a detailed working knowledge of Section 42 LIHTC program compliance requirements
Requirements:
Preferred
Bachelor’s degree with a major in accounting, finance, real estate, property management, or business
Up to one year of professional-level work experience
Up to one year of experience working in asset management, public accounting, multi-family property management or development;
The ability to identify and verbalize issues with the partners
Essential
Must be proficient with Microsoft Office Suite with a heavy emphasis on Excel and Word
Must have excellent communication skills and the ability to comfortably interact with senior management internally and a large external client base
A valid driver’s license is required for limited travel of up to 5%, with the potential for some overnight
Some overtime is required periodically throughout the year
Core Competencies:
Strong analytical, organizational, interpersonal, and time management skills
Ability to identify, simplify, process and solve complex issues
Excellent oral and written communication skills
Ability to efficiently receive, monitor and follow through on requests, projects, and problems to completion
Ability to multi-task, prioritize and meet deadlines
Ability to effectively manage and administer sensitive and confidential information
Must have strong initiative and can work with minimal guidance & supervision
Commitment to excellence, attention to detail and accuracy, providing high-quality work
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.