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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, Lead 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

• 4 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.

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 - Lead Associate

Target Pay Range: $109,000 - $142,000 a year

#LI-NL1 - Hybrid

Qualifications

Customer Engagement, Customer Relationships

Education:

Bachelor's Level Degree (Required)

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For most roles, employees are expected to work onsite on a regular basis at their designated office location. In-office work cadence is determined by your manager. Proximity within a reasonable commute to your designated office location is preferred unless the job is noted as open to remote.

Fannie Mae is an equal opportunity employer and considers qualified applicants for employment without regard to race, color, religion, sex, national origin, disability, age, sexual orientation, gender identity/gender expression, marital or parental status, or any other protected factor. Fannie Mae is committed to providing reasonable accommodations to qualified individuals with disabilities who are employees or applicants for employment, unless to do so would cause undue hardship to the company. If you need assistance using our online system and/or you need a reasonable accommodation related to the hiring/application process, please complete this form.

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:

109000

to

142000