Vice President, Syndications bei CREA, LLC

Description

CREA, LLC is a full-service low-income housing Tax Credit (LIHTC) syndicator forming long-term relationships with investors and developers that cultivate success and improve lives. With nearly 25 years in affordable housing, CREA has raised over $12 billion - resulting in the formation of over 88,000 homes within 958 communities across the country. Thanks to the contributions of over 130 employees, CREA continues to look for talented and passionate individuals who are excited about opportunities to grow with us into the future. We are looking to add a talented Vice President to the Syndications department in CREA's Boston office. 

Physical Presence: In-Office | Tue – Thu; Flexible | Mon & Fri

Open to: Boston, MA

Reports to: Managing Director, Syndications

Position Summary:

The Syndications Vice President will play a vital role in an energetic CREA department working in the multi-family affordable housing industry. The Vice President will be assigned to multiple investor client accounts to serve as the primary relationship manager for those accounts and all related activities, including deepening investor relationships, developing investor pipelines, and coordinating upper-tier investor closings. These responsibilities are further outlined below. 

Primary Responsibilities:

The primary responsibilities for this position are the development and growth of the assigned investor relationships through the management of all aspects of client management, which includes: 

• Understand investment needs and objectives to create and manage the deal pipeline
• Lead client calls, arrange site visits and due diligence meetings, and work with Syndications staff to actively manage investor-specific needs
• Travel to conferences, site visits, annual meetings, and other investor-focused events to enhance relationships
• Work with the Originations team to source new deals for placement with the assigned investor.
• Negotiate, in coordination with the Managing Director or Executive Vice President, financial terms into an equity letter of intent and/or upper-tier fund agreement
• Represent investor and on behalf of Syndications within CREA’s Investment Committees by reviewing committee packages for appropriate adherence to underwriting guidelines and disclosure and mitigation of investment risks, and in preparation for client review
• Work with other CREA Departments, including Acquisitions and Legal, to incorporate investor-specific terms into closing documents
• Facilitate and aid in the investor review of all necessary diligence for deal and/or fund closing
• Coordinate closings at upper-tier partnership level with internal closing teams, investors, and attorneys
• Manage and develop Financial Analysts assigned to the Vice President’s accounts and in their roles and responsibilities, including
• Instruction, review, and approval of work performed by Financial Analysts on assigned Investor relationships, and
• Career Development through CREA’s quarterly and annual review process
• Organize and coordinate the third-party review process for properties in multi-investor funds and other investor outlets as needed (if applicable)
• Assist other team members in their responsibilities
• Other duties as assigned by the Managing Director or EVP

Requirements

This position requires a minimum of 5 years of professional-level LIHTC syndication experience and/or LIHTC transactional closing experience. A bachelor’s degree in real estate, finance, economics, or a related business major from an accredited college or university. Up to 25% of the time is required for travel. This position may require extended hours during certain times of the year to support critical deadlines and organizational priorities. The candidate must be highly motivated, proactive, and possess superb communication, time management skills, and attention to detail. Proficiency with the Microsoft Office Suite is required, with a strong emphasis on Excel and Word. Individuals must possess and demonstrate effectiveness in each of the Core Competencies. 

Core Competencies:

• Excellent oral and written communication skills
• Demonstrated analytical and interpersonal abilities 
• Ability to effectively manage and maintain sensitive and confidential information
• Ability to collaborate and contribute effectively in a team environment
• Demonstrated initiative, reliability, and ability to work independently with minimal supervision

Our Values:

• We work as a family, investing in each other, worthy causes, and the communities we serve. 
• We have integrity in all that we do; we embrace differences and treat others with kindness and respect. 
• We believe that, with teamwork, we can accomplish anything and pursue inventive solutions for our clients.