Senior Account Manager (LIHTC Underwriter)/AVP Training

Department

Acquisitions

Job Title

AVP, Training/Senior Account Manager

Reports to

Executive Vice-President, Acquisitions

Job Summary:

The Senior Account Manager is responsible for underwriting complex low-income housing tax credit projects with sophisticated developer and investor partners, driving deals through the closing process, managing and coordinating Credit Committee memos, and providing in-depth analysis of key diligence items to recommend actions to the Committee and Risk Officer. In this process, the Senior Account Manager performs an unbiased evaluation of transactions, structuring tax credit investments, measuring the risks, and identifying mitigants associated with these transactions. As AVP of Training, this role plays a primary role in guiding accounts management colleagues in LIHTC underwriting concepts and financial modeling, both through formal training and informal consultation.

Essential Job Functions:

Function/Responsibility -

As part of underwriting assigned proposed tax credit investments:

•      Understands all facets of the deal, including but not limited to guarantor review, income and expense analysis, financial underwriting, and due diligence review
•      Facilitates due diligence collection and review
•      Joins and is an active participant in closing calls to maintain the closing timeline
•      Prepares and presents the Investment Memo package – including narratives, descriptions, risks and mitigants, and other ad hoc analyses illustrating pertinent aspects of the investment – for internal approval at various times during the closing process
•      Owns the financial model throughout the closing process, including the maintenance of yield from LOI through Closing
•      Identifies and elevates risk items or changes to the Originator, Risk Officer, or other parties affected by changes, and identifies mitigants
•      Provides regular updates with AVP of Accounts Management regarding deal underwriting progress, including status of closing checklist review, review of due diligence materials, transaction timing, and problematic issue identification and resolution to assist in the management of the closing pipeline
•      Collaborates with Originator to enable coordinated communication with Developer partners using a positive and proactive approach that will foster long-term positive relationships.
•      Ensure that OCCH’s underwriting guidelines are met on each transaction
•      Leads transition to Construction and Asset Management
•      Assists in conducting LIHTC underwriting and structuring trainings to the Acquisition team based on a program schedule created by the AVP, Accounts Management, with input from the EVP, Acquisitions, EVP, Capital Markets, and Chief Risk Officer
•      Assist the AVP, Accounts Management in identifying gaps in the account management process and procedures and recommend improvements
•      Review and help refine OCCH methodologies for underwriting, including guarantor and OPEX analysis
•      Make themselves available to schedule time and answer underwriting questions from other account managers, as needed
•      Other duties as assigned

Education / Certifications:

•      Bachelor’s degree in Business, Accounting, or Finance, or related field required.

Work Experience:

• Minimum 7 years of direct experience in affordable multifamily housing.
• Experience with complex mixed-income transactions utilizing tax-exempt bonds, LIHTC, HUD, and other affordable housing finance tools. Comprehensive knowledge of the LIHTC Program, commercial real estate development, corporate and partnership legal and taxation issues.

Knowledge, Skills & Abilities:

• Ability to interact well with external and internal (cross-functional) partners
• Thorough understanding of OCCH’s underwriting model
• Strong attention to detail
• Ability to be an effective player-coach
• Ability to drive deals to the finish line
• Strong relationship management skills

About OCCH:

OCCH is an independent, mission-driven nonprofit corporation based in Columbus, Ohio, that works with private and public developers to create affordable housing opportunities. Since its inception, OCCH has raised over $7 billion in private capital and invested in over 66,000 units of affordable housing in over 1,100 developments.

Our mission is to advance the preservation, production, and management of affordable housing through collaborative partnerships and innovative thought leadership. Our mission is at the heart of everything we do. Our core values are our building blocks and foundation. Our values of CREATING: Collaboration & Communication, Respect, Expertise, Accountability, Trust, Innovation, INclusion & Growth, will guide our behaviors, ensuring a consistent focus on quality and progress toward our vision. Ideal candidates will be passionate about our mission and exhibit our core values with a commitment to continuous improvement and growth.

OCCH is an equal opportunity employer. Equal employment opportunity is not only good practice - it is the law and applies to all areas of employment, including recruitment, selection, hiring, training, transfer, promotion and demotion, termination, compensation, and benefits. As an equal opportunity employer, OCCH prohibits unlawful discrimination based on race, religion, creed, color, national origin or ancestry, sex, age, marital status, sexual orientation, gender, gender identity, gender expression, genetic expression, disability, veteran or military status, or any other basis that would be in violation of any applicable federal, state or local law.