Job Description Summary
The Financial Analyst, Credit will review and assess the fiscal condition of affordable housing sponsors, developers, and guarantors whose developments utilize Low-Income Housing Tax Credit (LIHTC) financing. The person filling this role will work in a fast-paced environment within the Credit Department and in support of Enterprise’s LIHTC acquisitions activities. Responsibilities require the application of the individual’s expertise with corporate and individual financial statements to evaluate the ability of sponsors and guarantors in LIHTC transactions to meet their ongoing performance and financial obligations. The Financial Analyst, Credit must be able to work in a time-pressured environment that demands attention to detail, conscientiousness, creativity, and flexibility. In addition to these attributes, the position requires an ability to work collaboratively with Credit Officers and Underwriters to set the most appropriate range, depth and scope of analysis for each transaction and to make recommendations in response to any issues identified.
- Review financial statements and prepare multi-year financial analysis spreadsheets for developers/guarantors of Enterprise’s LIHTC and predevelopment transactions.
- Identify salient characteristics brought to light from the financial analysis spreadsheet, communicate findings, and recommend follow-up items to the Underwriter; focus on identifying strengths and vulnerabilities in a developer’s financial condition, ongoing viability, and ability to support guarantees.
- Determine the most appropriate subject(s) of and level of analysis for a given transaction based on each party’s roles, respective financial capacity, and other factors.
- Analyze consolidated statements, reviewing the legal relationships, activities, and assets and liabilities of consolidated entities to determine which entity or group of entities is to be evaluated, as well as the form of such evaluation and presentation.
- Explain and train staff on factors to consider in reviewing financials for all types of entities, including for-profits, non-profits, individuals, and housing authorities.
- Communicate directly with Chief Financial Officers, Finance Directors, and other representatives of sponsors/guarantors, when needed, to better understand the information provided.
- Comply with policies and procedures established to protect sensitive material submitted by sponsors and guarantors.
- Assist in creating and updating financial review policies and procedures, including those related to safeguarding financial documents provided in support of the reviews.
- Perform other special tasks as assigned.
- Bachelor of Science Degree in Accounting, Finance, or equivalent and 2+ years of experience required.
- Directly related experience in auditing and/or financial analysis of real estate development companies and non-profits.
- Excellent analytical skills.
- Some knowledge of LIHTC equity underwriting or other real estate feasibility analysis preferred.
- Effective written and verbal communications skills.
- Ability to maintain positive, productive working relationships with co-workers and outside partners.
- Proven capacity to independently coordinate complex activities, prioritize conflicting demands, and meet deadlines.
- High levels of motivation and ethics.