This position can report to any of our regional offices: Boston, MA, Carmel, IN (HQ), Chicago, IL, New York, NY, St. Paul, MN, or Washington D.C.
Summary: The VP, LIHTC Acquisitions will provide financial analysis and manage lower tier partnership closings of Low-Income Housing Tax Credit (“LIHTC”) properties under Section 42 of the Internal Revenue Code. The position requires the ability to manage this process with developer clients, legal counsel, consultants, and Merchants staff.
Essential Duties and Responsibilities:
- Provide financial analysis for LIHTC projects;
- Ensure compliance with Merchants Investment and Underwriting Guidelines;
- Review title, survey, organizational documents, equity documents, loan documents, environmental documents, and other documents customary to LIHTC closings;
- Prepare and present Issuance and Investment Committee packages;
- Coordinate inter-departmental and third-party approvals;
- Transition closed LIHTC properties to Asset Management;
- Other duties as assigned.
- Bachelors degree in Finance, Accounting, or Economics is preferred.
- Requires a minimum five years of applicable financial analysis, financial modeling or transactional real estate experience.
- Candidates must have the ability to comfortably interact with senior management internally and a large external client base.
- Must be proficient with Microsoft Office Suite with a heavy emphasis on Excel and Word.
- Excellent oral and written communication skills required.
- Strong analytical and interpersonal skills required.
- Ability to effectively manage and administer sensitive and confidential information.
- Effective organizational skills with attention to detail.
All employees are expected to contribute to the overall success of the organization by performing requested duties regardless of explicit inclusion in the job description or reasonable relation to an employee’s primary role. Additionally, all employees must understand and adhere to all federal and state laws and banking regulations and company policies and procedures applicable to assigned job responsibilities, including compliance as appropriate under the Bank Secrecy Act and Anti-Money Laundering regulations.
Additionally, all employees are expected to demonstrate the following Core Competencies:
Professionalism – acting with responsibility, integrity and accountability; demonstrating consistent trustworthiness and reliability; always remaining flexible, adaptable and willing to accept coaching; building and managing professionally healthy relationships; deliberately managing career decisions; and continually developing awareness of business-related topics.
Communication – understanding various active and passive tools and styles and their effects; and exhibiting appropriate, effective, timely use of tools and styles to connect, collaborate, facilitate teamwork and serve customers.
Work Quality – demonstrating an ongoing commitment to compliance, safety and security; executing work with efficiency, a sense of urgency and attention to detail; and displaying organized work practices and a results-oriented mindset.
Analytical Ability – navigating work-related circumstances with practical, sound reasoning; and demonstrating creativity in problem solving.
Leadership – displaying good judgment and certainty in decision making; taking initiative with job-related demands; demonstrating innovative thinking and sound planning with business practices; managing individual performance toward shared organizational goals; and thinking strategically to set and accomplish goals.
Merchants Bancorp and its affiliates and subsidiaries are committed to being equal opportunity employers. All job candidates and incumbents will be assessed based on only criteria relevant to successfully performing the job as defined in this job description and as generally accepted in the job’s relevant industries.