Description

National Equity Fund, Inc. (NEF), a leading non-profit syndicator of low-income housing tax credits (LIHTC), is seeking a Vice President, Sponsor Analysisto 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 Vice President, Sponsor Analysis will lead the function within the organization which analyzes sponsor organizations. Establish, execute, and maintain a program of processes and procedures which would involve working with various departments within NEF to gather information and analyze the financial and organizational capabilities of NEF’s sponsor partners. Make recommendations as to operational and organizational improvements that result from these sponsor assessments.

Essential duties:

• Develop and document a systematic approach for analyzing the organizational and financial capacity of NEF’s sponsor organizations that develop multi-family affordable housing properties
• Work with NEF management in developing a system which prioritizes the sponsors to analyze over the short and long term
• Work with various departments within NEF, such as Originations, Project Management, Asset Management, and Finance to gather relevant current and historic information about the sponsor organizations, including deal history with NEF, as part of a comprehensive approach to the sponsor assessments
• 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 organization’s internal resources and capacity, including its back-office reporting functionality and adequacy as well as continuity of key management positions.
• Perform an assessment of the sponsor organization’s operating capabilities, technical acumen, and adequacy of its governance structure
• Create a consistent reporting methodology which can be used to compare various sponsors as part of drawing conclusions from the sponsor assessments
• Present findings to a team of NEF internal stakeholders, including recommended next steps and action items as a result of the sponsor assessments.

The ideal candidate:

• Bachelor’s degree in a business field, with 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 create and implement improvements to operational structure and efficiency.
• Proven ability to work cross-functionally with peers in other sectors of the business to achieve a common goal.
• Capacity to lead in an evolving, team-oriented environment.
• Proven ability to convene and lead meetings consisting of various levels of leadership within an organization.
• Self-motivated and driven to achieve outcomes which provide long-term benefits to the organization.

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

NEF IS AN EQUAL OPPORTUNITY EMPLOYER

Qualifications