AVP of LIHTC Underwriting
CFS, columbus, oh, United States
AVP of LIHTC Underwriting
Location Options
- Fully Remote, or
- Hybrid/Onsite based in the Columbus, Ohio area
- Salary Range: $135,000–$150,000
Position Overview
A leading affordable‑housing investment organization is seeking an AVP of LIHTC Underwriting to underwrite complex low‑income housing tax credit (LIHTC) transactions while providing leadership, training, and process‑improvement support to a growing underwriting team. This role blends senior‑level analytical expertise with hands‑on mentorship and continuous improvement of underwriting methodologies.
Key Responsibilities
Underwriting & Transaction Management
- Underwrite LIHTC and tax credit investments, including guarantor review, financial modeling, income/expense analysis, and due diligence evaluation.
- Prepare and present investment memos detailing key deal points, risks, and mitigants.
- Maintain ownership of the financial model throughout closing to ensure yield integrity from LOI through execution.
- Participate in closing calls, coordinate with internal/external stakeholders, and keep transactions on schedule.
- Identify risk items and propose mitigants to leadership and cross‑functional partners.
- Lead transition of closed transactions to Construction and Asset Management teams.
Training & Team Leadership
- Train, mentor, and support underwriting/account management staff.
- Deliver LIHTC underwriting and structuring trainings.
- Provide ongoing day‑to‑day guidance, answering underwriting questions and assisting team members with deal challenges.
- Identify process gaps and recommend enhancements.
- Assist in refining underwriting methodologies (e.g., guarantor analysis, OPEX review).
Required Qualifications
- 7+ years of experience in affordable housing underwriting (LIHTC, HUD, tax‑exempt bonds).
- Bachelor’s degree in Business, Finance, Accounting, or related field (certifications a plus).
- Experience with mixed‑income transactions.
- Experience supervising, training, or mentoring teams.
- Deep knowledge of LIHTC, real estate finance, and partnership legal/tax structures.