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Financial Analyst/Fund Analyst

  • Reports To
    Vice President, Fund Management
  • Location
    Indianapolis, IN or Sarasota, FL
  • Date
    May 2019

CREA, LLC (CREA) is a full service LIHTC Syndicator with tax credit equity financing in excess of $5 billion since inception in 2001.  CREA was founded on the “Real Estate First” philosophy that behind every exceptional real estate investment is fundamentally sound real estate; our team pledges to provide innovative real estate investment solutions. While CREA has continued to grow to well over 100 employees we continue to look for talented and passionate individuals who are excited about opportunities to grow with into the future.  With offices headquartered in Indianapolis, IN, our Fund Management department is growing and looking to add talent for the position of Fund Analyst in Indianapolis or Sarasota.

 

Position Summary:

This position in the Fund Management department will be responsible for monitoring, managing and tracking all Fund activity for a specific group of CREA Tax Credit Funds as well as preparing documents for Senior Analysts and Vice Presidents that are ultimately provided to Investors.  These activities will include but are not limited to the following:

Cash Management:

  • Lead the coordination with Asset Management and Syndication to plan for upcoming capital calls
  • Draft investor capital call requests
  • Work with Accounting Department to draw on Bridge line as needed
  • Manage cash position on a monthly basis and prepare reconciliations

Year End Reporting:

  • Review lower tier partnership tax returns and audits
  • Update project level financial models quarterly and at year end
  • Assist Fund auditors during prelim and year-end fieldwork

Investor Reporting:

  • Generate and post all monthly journal entries for certain fund entities
  • Assist with preparation and analysis of quarterly reports including, but not limited to:
    • Fund Benefit Schedules
    • Project Benefit Schedules
    • Project and Fund Level Summary Reports
    • Fund cash reserve projections
    • Drafting fund entity financial statements
    • Drafting investor narratives highlighting key features of fund entity
    • Calculate investor yield on a quarterly basis

Closings:

  • Review adequacy of partnership accountant expertise and capacity
  • Research and calculate applicable state taxes for Fund and other entities
  • Review draft Limited Partnership Agreements
  • Create active, post-closing financial models for each new lower-tier partnership

Miscellaneous:

  • Populate data within tax credit software
  • Initiate and implement custom reports within tax credit software
  • Prepare reports for Senior Management for internal control purposes
  • Special projects as needed

 

Requirements:

Requires a bachelor’s degree in a business-related field, accounting or finance is preferred.  A minimum of two years relevant work experience in real estate investments and public accounting experience is a plus.  Previous work experience in the Low-Income Housing Tax Credit Program or Affordable Housing industry is a plus.  Candidate must be able to demonstrate strong customer service skills in interactions with investors, lenders and developer partners in a financial services environment.  Candidate must be able to communicate and work effectively with individuals representing various departments and having varying specialties, both financial and non-financial.  Candidate must possess strong organizational skills.  Requires knowledge of Microsoft Office Suite, and a high proficiency in Excel and Word.  Overtime hours expected during certain months of the year.  Must possess and be able to demonstrate effectiveness with each of the following Key Attributes.

 

Key Attributes:

  • Excellent oral and written communication skills
  • Ability to function well in a team environment
  • Initiative and proactiveness is expected
  • Strong organizational skills with the ability to prioritize and multi-task.
  • Strong analytical and problem-solving skills
  • Ability to be flexible and adapt to change
  • Ability to effectively administer sensitive and confidential information
  • Ability to interact with Management and employees at all levels
  • Professionalism/Ethics (Trust, Attitude, Commitment, Honesty, Collaboration & Approachability)

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