What are the responsibilities and job description for the LIHTC Senior Underwriter (Open to Remote) position at Fannie Mae?
Job Description
Job Description
Company Description
At Fannie Mae, futures are made. The inspiring work we do helps make a home a possibility for millions of homeowners and renters. Every day offers compelling opportunities to impact the future of the housing industry while being part of an inclusive team thriving in an energizing, flexible environment. Here, you will grow your career and help create access to fair, affordable housing finance.
Job Description
Since restarting its Low-Income Housing Tax Credit (LIHTC) platform in 2018, Fannie Mae has invested over $4 billion in proprietary and multi-investor funds. As a valued contributor on our dynamic team, you will be responsible for managing the origination of new proprietary and multi-investor fund LIHTC investments through our syndicator partners.
THE IMPACT YOU WILL MAKE
The LIHTC Senior Underwriter 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 :
- Working with our syndicator partners, communicate investment parameters, manage pipeline, and screen, model, price and negotiate letters of intent (LOIs) for multifamily LIHTC investments.
- As needed, underwrite and close proprietary and multi-investor fund investments, as well as negotiate and close proprietary fund agreements.
- Identify and assess the risk profile of equity 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 and Chief Operating Officer in managing and updating processes related to internal stakeholders such as multifamily legal, risk, operations, finance, accounting and audit.
- Working with management, recommend business solutions based on analysis of internal and market data.
- Actively participate on special project teams as needed.
- Travel periodically to visit prospective investments and markets.
Qualifications
THE EXPERIENCE YOU BRING TO THE TEAM
Minimum Required Experiences
Desired Experiences
Additional Information
REF13713V
The future is what you make it to be. Discover compelling opportunities at careers.fanniemae.com.
Fannie Mae is a flexible hybrid company. We embrace flexibility for our employees to work where they choose, while also providing office space for in-person work if desired. At times, business need may call for on-site collaboration, which means proximity within a reasonable commute to your designated office location is preferred unless job is noted as open to remote.
Fannie Mae is an Equal Opportunity Employer, which means we are committed to fostering a diverse and inclusive workplace. All qualified applicants will receive consideration for employment without regard to race, religion, national origin, gender, gender identity, sexual orientation, personal appearance, protected veteran status, disability, age, or other legally protected status. For individuals with disabilities who would like to request an accommodation in the application process, email us at careers_mailbox@fanniemae.com.
The hiring range for this role is set forth on each of our job postings located on Fannie Mae's Career Site. 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.
