Managing Director, Credit

Description

National Equity Fund, Inc. (NEF), a leading non-profit syndicator of low-income housing tax credits (LIHTC), is seeking a Managing Director, Credit, to conduct a wide range of new business initiatives. The LIHTC program is the most important resource available today for creating affordable housing in the United States. NEF uses its extensive experience, talent, and resources to create sustainable affordable housing.

The Managing Director, Credit will be responsible for overseeing credit management for assigned Low-Income Housing Tax Credit (LIHTC) project investments, NEF lending products, and other lending or investment platforms, while developing and executing strategies to address identified gaps.

Essential duties:
 

• Assist the SVP, Chief Credit Officer in setting credit policies and standards, as well as goals and objectives for the credit function that are measurable, achievable, and aligned with the company’s mission and risk tolerance.

• Manage the credit and underwriting policies and procedures for NEF’s pre-development loan program.

• Oversee the production of written investment proposals/credit analyses for NEF’s Investment Committee, addressing potential risks and assisting with responses to questions from the Committee.

• Guide and manage the analysis of the overall capacity of prospective sponsors/guarantors and borrowers, recommending mitigating deal structures as needed.

• Review and approve equity investment closing issues in adherence with investor requirements.

• Provide ongoing training to staff on credit review, analysis, and standards to ensure consistency, accuracy, and adherence to best practices.

• Ensure adherence to all relevant regulatory requirements and internal policies.

• Prepare and present regular reports on portfolio performance, risk metrics, and market trends.

• Other duties as assigned.
   

The ideal candidate:
 

• Bachelor’s degree in Business, Accounting or a related field; Masters designation preferred.
   

• 7-10 years in credit analysis, underwriting, and/or project/loan closing, preferably in the LIHTC industry.
   

• Exceptional communication skills.
   

• Deep understanding of LIHTC investments.
   

• Strong analytical, transactional, writing, and problem-solving skills, with a focus on delivering solution-driven results
   

• Ability to manage multiple tasks, prioritize effectively, and thrive in a fast-paced, collaborative team environment to meet demanding schedules.
   

• Comprehensive knowledge of the accounting practices and organizational structures of non-profit and for-profit real estate developers and general contractors.
   

• Proven ability to train, manage, and collaborate effectively with staff across all levels.
   

• Skilled in Excel with the ability to quickly learn and effectively use proprietary software.
  
   

We offer a competitive salary, along with a comprehensive benefits package.

NEF IS AN EQUAL OPPORTUNITY EMPLOYER

Qualifications