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Fund Analyst

  • Reports To
    Vice President, Fund Management
  • Location
    Indianapolis, IN
  • Date
    April 2022
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. As CREA marks over 20 years in business, $8.3 billion of total equity has been raised, contributing to the formation of over 70,000* homes within 770* properties. Approaching 150 employees, we continue to look for talented and passionate individuals who are excited about opportunities to grow with into the future. We are currently looking to add talent for the position of Fund Analyst to join the Fund Management team.
 
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.
 
Primary Responsibilities:
Primary responsibilities 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
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

Job 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 Core Competencies.
 
Core Competencies:
  • Excellent oral and written communication skills
  • Ability to function well in a team environment 
  • Initiative and proactiveness is expected
  • Excellent organizational skills with the ability to prioritize and multi-task.
  • Thorough 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
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.

Apply here>>>

CREA believes in rewarding the hard work of all those that make our mission possible. Learn about our competitive employee benefits at MyCREABenefits.com.