Overview
A national nonprofit organization dedicated to supporting community development and affordable housing is seeking a LIHTC Transaction Structuring Manager. This role is central to ensuring the accuracy, consistency, and integrity of Low-Income Housing Tax Credit (LIHTC) investment structures. The organization has invested $92 billion and created 1.1 million homes across the United States and territories since 1982.
Responsibilities
- Review and refine financial models to align with organizational modeling standards.
- Develop specialized model schedules related to effective interest, original issue discount (OID), and other tax structuring conventions to support underwriters and analysts.
- Collaborate with finance and investor relations teams to provide accurate, investor-ready financial information and return analyses.
- Ensure consistency between project-level financial data and investor-facing financial models.
- Assist with initial equity funding during transaction closings.
- Review post-closing documentation such as Form 8609s, cost certifications, lease-up schedules, and tax returns to update financial models.
- Participate in tax credit adjuster calculations and provide final reviews as needed.
- Implement model updates reflecting tax credit adjusters and structural changes.
- Contribute to training and onboarding of new analysts and underwriters.
- Work cross-functionally on special projects requiring tax and structuring expertise.
- Coordinate with external counsel on transaction closing schedules and structuring considerations.
- Support asset management in evaluating the impact of post-closing structural or financial changes.
- Serve as a key feedback resource for initial deal structuring and post-closing modifications.
Requirements
- Bachelor’s degree in Business, Accounting (preferably Tax Accounting), Finance, or a related field; Master’s degree preferred.
- 5–7+ years of experience with LIHTC or other federal tax credit programs (historic, solar, new markets); familiarity with state credit programs is a plus.
- Strong understanding of tax structuring issues in LIHTC transactions.
- Advanced Excel skills with 5–7+ years of experience modeling tax-incentivized real estate deals.
- Knowledge of real estate ownership structures and entity classifications.
- General understanding of accounting treatment for construction costs.
- Strong communication and interpersonal skills; ability to collaborate across multiple departments.
- High attention to detail, ability to work independently, and confidence managing fast-paced, deadline-driven workflows.
- Willingness to present in team or company training sessions.
Compensation & Benefits
- Salary range: $85,000 to $110,000, dependent on skills, qualifications, experience, and location.
- Comprehensive total rewards package including annual performance bonuses and generous paid leave.
- Benefits include dental, health, and vision care plans; family-building benefits such as adoption and surrogacy support.
- Flexible work arrangements to promote work-life balance.
- Health advocacy, Employee Assistance Program (EAP), and mental health benefits.
- Financial education and wellness programs.
- Auto-enrollment in 401(k) plan with employer matching contributions.
- Access to learning and development opportunities, including tuition reimbursement for job-related courses and certifications.
Location
Opportunities available across multiple offices nationwide with flexible work arrangements.