National Equity Fund
Director, Sponsor Financial Analysis
National Equity Fund, Chicago, Illinois, United States, 60290
NATIONAL EQUITY FUND, INC.
is a leading non-profit syndicator of Low-Income Housing Tax Credits (LIHTC) with amission to create and deliver innovative, collaborative financial solutions to expand the creation and preservationof affordable housing. We strive to be a diverse, equitable, and inclusive place to work so that our team has theexperience and knowledge to effectively support our partners and communities.
OVERVIEW
The Director, Sponsor Financial Analysis will be responsible for leading the day-to-day activities related to the analyses of the financial condition of NEF’s affordable housing developer partners. Establish, execute and maintain a program of processes and procedures to gather information and analyze the financial condition and general organizational structure of NEF’s sponsor partners. Document analysis as part of the investment review for real estate transactions contemplated with the sponsor partners.
ESSENTIAL DUTIES
Maintain and enhance the systematic approach for analyzing the financial condition and capacity of NEF’s sponsor organizations that develop multi-family affordable housing properties.
Perform an analysis of the sponsor organization’s financial statements and other relevant financial data, including their schedule of other real estate owned, as part of the sponsor assessment.
Perform an analysis of the sponsor ownership and governance structure, as well as continuity of key management positions.
Create and maintain a consistent reporting methodology which can be used to efficiently scale the assessment of an increasing volume of sponsors.
Represent the Financial Analysis team in Investment Review Committee meetings and answer Committee member questions regarding the documented financial analysis.
THE IDEAL CANDIDATE
Bachelor’s degree in finance or accounting, with a minimum of five years of real estate experience.
MBA or relevant graduate degree a plus.
Experience in auditing an organization’s operations and documenting work-flows, audit or internal audit experience a plus.
Proven ability to work with peers in other sectors of the business to achieve a common goal.
Capacity to work in an evolving, team-oriented environment.
Self-motivated and driven to achieve outcomes which provide long-term benefits to the organization.
ABOUT NATIONAL EQUITY FUND
National Equity Fund, Inc. (NEF) is a leading non-profit, multi-family, affordable, real estate investment manager with a mission to create and deliver innovative, collaborative financial solutions to expand the creation and preservation of affordable housing. Through its Low-Income Housing Tax Credit (LIHTC) syndication platform and its lending and investing platforms, NEF generates opportunities rooted in its vision that all individuals and families across the country have access to stable, safe, and affordable homes. Since being founded in 1987, NEF has invested over $24.5 billion, representing 242,500 new or preserved affordable homes for individuals, families, and communities in need across the country. NEF is Chicago-based and has donated more than $240 million in grants to support its affiliate LISC's nationwide community development work. To learn more about NEF's impact, innovative financial solutions, and opportunities, visit www.nefinc.org.
We offer a competitive salary, along with a comprehensive benefits package. NEF IS AN EQUAL-OPPORTUNITY EMPLOYER.
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is a leading non-profit syndicator of Low-Income Housing Tax Credits (LIHTC) with amission to create and deliver innovative, collaborative financial solutions to expand the creation and preservationof affordable housing. We strive to be a diverse, equitable, and inclusive place to work so that our team has theexperience and knowledge to effectively support our partners and communities.
OVERVIEW
The Director, Sponsor Financial Analysis will be responsible for leading the day-to-day activities related to the analyses of the financial condition of NEF’s affordable housing developer partners. Establish, execute and maintain a program of processes and procedures to gather information and analyze the financial condition and general organizational structure of NEF’s sponsor partners. Document analysis as part of the investment review for real estate transactions contemplated with the sponsor partners.
ESSENTIAL DUTIES
Maintain and enhance the systematic approach for analyzing the financial condition and capacity of NEF’s sponsor organizations that develop multi-family affordable housing properties.
Perform an analysis of the sponsor organization’s financial statements and other relevant financial data, including their schedule of other real estate owned, as part of the sponsor assessment.
Perform an analysis of the sponsor ownership and governance structure, as well as continuity of key management positions.
Create and maintain a consistent reporting methodology which can be used to efficiently scale the assessment of an increasing volume of sponsors.
Represent the Financial Analysis team in Investment Review Committee meetings and answer Committee member questions regarding the documented financial analysis.
THE IDEAL CANDIDATE
Bachelor’s degree in finance or accounting, with a minimum of five years of real estate experience.
MBA or relevant graduate degree a plus.
Experience in auditing an organization’s operations and documenting work-flows, audit or internal audit experience a plus.
Proven ability to work with peers in other sectors of the business to achieve a common goal.
Capacity to work in an evolving, team-oriented environment.
Self-motivated and driven to achieve outcomes which provide long-term benefits to the organization.
ABOUT NATIONAL EQUITY FUND
National Equity Fund, Inc. (NEF) is a leading non-profit, multi-family, affordable, real estate investment manager with a mission to create and deliver innovative, collaborative financial solutions to expand the creation and preservation of affordable housing. Through its Low-Income Housing Tax Credit (LIHTC) syndication platform and its lending and investing platforms, NEF generates opportunities rooted in its vision that all individuals and families across the country have access to stable, safe, and affordable homes. Since being founded in 1987, NEF has invested over $24.5 billion, representing 242,500 new or preserved affordable homes for individuals, families, and communities in need across the country. NEF is Chicago-based and has donated more than $240 million in grants to support its affiliate LISC's nationwide community development work. To learn more about NEF's impact, innovative financial solutions, and opportunities, visit www.nefinc.org.
We offer a competitive salary, along with a comprehensive benefits package. NEF IS AN EQUAL-OPPORTUNITY EMPLOYER.
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