Asset Analyst (East Region)

National Equity Fund, Inc. (NEF), a leading non-profit syndicator of low-income housing tax credits (LIHTC), is seeking an Asset Analyst to 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 Asset Analyst, East  Region will be a member of a Transaction and Asset Operations Team (“Team”) providing analytical and technical support to the Regional Managing Director and Asset Managers.  This individual will collect, input, track, and review documents, establish and maintain project files and databases, complete LIHI compliance reviews; and undertake research projects as assigned. 

Seeking candidates in the Eastern region.

Essential duties:

• Assist the Asset Managers in monitoring assigned investments from closing through stabilization, operations, and disposition, with responsibilities calibrated to portfolio needs.

•  Support Asset Managers in the collection, input, review, and analysis of quarterly and annual financial statements, budgets, rent rolls, operating reports, construction and lease-up reports, and other required deliverables. Compare actual results with projections, prior periods, and approved budgets; investigate material variances and elevate concerns.

• Assist the Managers in continually assessing project and partnership risk factors. Monitor for compliance with Section 42 (LIHTC) provisions partnership agreement conditions. Collect, input, and analyze compliance reports and certifications. Conduct reviews of sponsor and property managers’ organizational capabilities and management systems to adequately meet Section 42 and other regulatory obligations. Perform tenant file reviews and follow up on deficiencies or 8823 filings.

• Monitor construction completion, lease-up, qualified occupancy. Review supporting documentation and coordinate follow-up on missing items, delays, or conditions requiring Asset Manager attention.

•  Support LIHTC and regulatory compliance monitoring by tracking owner certifications, tenant file reviews, compliance findings, 8823 notices, correction documentation and other partnership-agreement or regulatory requirements.

•  Maintain accurate and complete project records, documents, key dates, contacts, assignments, and portfolio data in SMT and other approved systems. Perform data-quality checks and resolve discrepancies to support reliable internal and investor reporting.

•  Prepare recurring and ad hoc portfolio reports, dashboards, schedules, and analyses using Excel and other approved tools. Identify trends, exceptions, and early warning indicators, and present findings clearly to Asset Managers and department leadership.

•  Communicate professionally with sponsors, property managers, accountants, lenders, compliance providers, and internal partners to obtain required information, resolve routine issues, document follow-up, and support timely decisions and deliverables.

•  Participate in process-improvement, data-quality, portfolio-integration, training, and other departmental initiatives, and undertake special projects as assigned

   

The ideal candidate:

•  Required knowledge of multifamily real estate including affordable housing operations, property management, and financial analyses.

•  Minimum 3 years’ experience in affordable housing, real estate; finance; rent-restricted multifamily asset or property management; or community development.

•  Bachelor’s degree in real estate finance, economics, business, accounting, or a related field.

• Preferred substantive experience with and technical knowledge of Section 42 and real estate syndication.

• Keen analytical skills and attention to detail. Strong financial analysis skills and knowledge required. Proven skill in readily identifying, interpreting, and communicating risks.

• Demonstrated successful relationship-building skills with colleagues and customers.

• Proficiency in Microsoft Excel, Word, PowerPoint, and database or portfolio-management systems; experience with Power BI or similar reporting tools is a plus.

• Self-directed, collaborative, adaptable, and accountable, with demonstrated initiative, curiosity, problem-solving ability, and commitment to continuous process improvement

•  Excellent organization, follow-through, and attention to detail, with the ability to manage multiple priorities, recurring deadlines, and high-volume information accurately.

•  Creative problem solver – Individual demonstrating an ability to quickly grasp the business issues of a situation and develop the best solution; to find creative ways to solve complex issues among demanding parties and to find “win/win” resolutions.

•  An outstanding communicator, both in writing and verbally. Someone who can deliver concise, logical written documents and who also demonstrates the presence to communicate effectively.

•  Ability and willingness to travel as may be required

• Diverse and adaptable – Comfortable working in a fast-paced, multi-task environment within a cross-functional team. Must be willing to tolerate ambiguity and risk.

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

NEF IS AN EQUAL OPPORTUNITY EMPLOYER