Job Description Since restarting its Low-Income Housing Tax Credit (LIHTC) platform in 2018, Fannie Mae has invested over $4 billion in proprietary and multi-investor funds. As a valued colleague on our team, you will provide expert advice on overseeing customer network development and customer support activities, as well as supporting customer engagement opportunities. Additionally, you will be responsible for planning, directing, or coordinating operational activities for the team with the help of executives and staff managers. As a valued contributor on our dynamic team, you will be responsible for underwriting and closing investments through LIHTC proprietary funds, you will support overseeing customer network development and customer support activities, as well as supporting customer engagement opportunities. THE IMPACT YOU WILL MAKEThe Multifamily LIHTC Underwriting Associate (Flexible Hybrid) role will offer you the flexibility to make each day your own, while working alongside people who care so that you can deliver on the following responsibilities:
Working with our syndicator partners, this roll will support the review of potential affordable multi-family developments in which Fannie Mae may provide an equity investment utilizing low income housing tax credits.
Research transaction attributes, participate in the underwriting, and assist in the internal approval process and ultimate closing of the LIHTC investment
Evaluate and report on various credit risks associated with the real estate, development team, market, etc. as well as conduct the initial modeling of the project’s development, operating and benefits proforma
Review and analyze multifamily transactions with supervision
Support the Director and other team members to underwrite and close potential affordable multifamily proprietary investments utilizing low-income housing tax credits
Actively participating on special project teams as needed
Travel to visit prospective investments and markets
Assist with customer relationships across business units and/or customer accounts, and strive to do what's right for our customers.
Assist team with identifying, maintaining, and supporting customer relationships.
Assist in selling and promoting Fannie Mae's products and services to make sure people across the country have access to affordable financing opportunities.
Provide support for operational activities.
Build subject matter expertise to support teams across the organization.
Qualifications THE EXPERIENCE YOU BRING TO THE TEAM Desired Experiences
Bachelor degree or equivalent
Skills
Experience gathering accurate information to explain concepts and answer critical questions
Adept at managing project plans, resources, and people to ensure successful project completion
Working with people with different functional expertise respectfully and cooperatively to work toward a common goal
Knowledge of, or working experience with, Multifamily real estate
Highly motivated self-starter with good attention to detail
A team player with excellent interpersonal skills who is energized by working in a collaborative, dynamic and evolving team environment.
Strong analytical, verbal, written and presentation communication skills.
Ability to work on multiple projects simultaneously, managing time and resources to ensure work is completed efficiently and within established timeframes.
Analytical skills with a mastery of Office Excel
Tools
Skilled in Excel
Experience using Salesforce CRM
Skilled in Microsoft Teams
Fannie Mae is an Equal Opportunity Employer, which means we are committed to fostering a diverse and inclusive workplace. All qualified applicants will receive consideration for employment without regard to race, religion, national origin, gender, gender identity, sexual orientation, personal appearance, protected veteran status, disability, age, or other legally protected status. For individuals with disabilities who would like to request an accommodation in the application process, email us at careersmailbox@fanniemae.com.
