Enterprise is a national nonprofit that exists to make a good home possible for the millions of families without one. We support community development organizations on the ground, aggregate and invest capital for impact, advance housing policy at every level of government, and build and manage communities ourselves. Since 1982, we have invested $64 billion and created 951,000 homes across all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands – all to make home and community places of pride, power and belonging.
Join us at enterprisecommunity.org
Working at Enterprise
At Enterprise, you’ll be part of a diverse, committed team making a difference every day. You will collaborate with some of the smartest minds and biggest hearts in our field. You’ll be empowered to drive systems change and take bold steps to advance racial equity. And you will find a career home where you’re valued and supported in your growth journey.
Enterprise offers career opportunities in our offices across the country with an exceptional benefits package.
Job Description Summary
The Director, Credit will analyze risk related to affordable rental housing investments utilizing Low-Income Housing Tax Credit (LIHTC) financing. The Director, Credit will work in a fast-paced environment as part of the Credit department, which works closely with all aspects of EHCI’s business. Responsibilities require the application of the individual’s expertise with financial structuring, real estate development, market analysis, development team review, tax matters and business processes. The Director, Credit must be able to work in a time-sensitive manner that demands attention to detail, conscientiousness, creative problem-solving, and flexibility. In addition to these attributes, the position requires an ability to work collaboratively to evaluate each transaction thoughtfully and make recommendations in response to any risk-related issues identified.
Job Description
Qualifications:
- Bachelor’s degree in urban planning, Finance, or equivalent and 10+ years’ relevant experience or Master’s degree and 5+ years’ relevant experience.
- Excellent analytical skills and knowledge of LIHTC equity underwriting and other real estate feasibility analyses.
- Capacity to communicate effectively in both written and verbal forms.
- Ability to maintain positive, productive working relationships with both internal and external partners.
- Proven facility with coordinating complex activities, prioritizing conflicting demands, and meeting deadlines.
- Must be highly motivated, be able to work independently, and be available to work evening and weekend hours during peak periods.
- Willingness to travel as needed.
- Incumbent is expected to demonstrate a high level of ethics.
Job Responsibilities:
- Review, evaluate and respond to Preliminary Investment Reviews (PIRs), Market Analysis (MAs), Investment Analysis (IAs) and Closing Memos along with all other supporting documentation for proposed investments.
- Act as a resource throughout the acquisition, underwriting and closing process to evaluate risk factors.
- Respond as a subject matter expert to investor needs and third-party legal review as required for fund closing and/or deal placement.
- Contribute to the business’s position on evolving risk issues and industry responses.
- Perform sponsor capacity evaluations for new and high-volume partners as well as other development team members.
- Interact with investors and development teams’ members as needed.
- Participate in site visits as needed.
- Support the interaction among Underwriting, Asset Management and Development Risk Management during the underwriting process.
- Share in the responsibility for Credit’s other general duties, including but not limited to:
- Manage external resources such as REIS and ESRI accounts and third-party market analysts.
- Maintain and update policies and procedures.
- Support the sponsor financial review process during peak periods.
- Contribute to ongoing business process improvement efforts and document maintenance for the IA and MA forms.
- Provide training and support to new Underwriters and Analysts.
- Consult to Syndication Associates on risk issues related to due diligence.
Total Rewards at Enterprise:
You will be working with a group of talented professionals who are motivated by serving the community and addressing the need for affordable housing.
Enterprise offers a comprehensive total rewards package for you and your family.
The base salary for this role is $150,000 to $165,000, depending on level of skills and experience.
The salary range for this position is represented by the low and high end of the range for the amount to be paid for the position. Salaries paid at Enterprise will vary based on factors that may include skills, education, location, experience, and performance. The salary range is just a part of the total rewards package provided to employees at Enterprise, and other rewards may include annual performance bonuses and generous paid leave programs.
At Enterprise, our benefits form a major component of our total rewards package. Benefits include dental, health, and vision care plans, as well as family-building benefits, such as fertility, adoption, surrogacy support, and gender-affirming care. Enterprise allows flexible work arrangements to promote a better work-life balance. We offer health advocacy, EAP, and mental health benefits. We round out our total rewards package by offering financial education, wellness programs, and auto-enrollment in the company's 401(k) plan with employer matching contributions. Finally, you will have learning and development opportunities, including tuition reimbursement for job-related courses and certifications. Thank you for your interest in joining the Enterprise team in our effort and commitment to serve others.
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