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Vice President, Fund Management

  • Reports To
    Senior Vice President, Fund Management
  • Location
    Indianapolis, IN
  • Date
    October 2018

Position Summary:

This position within the Fund Management department is responsible for managing all Fund activity for a specific group of CREA Tax Credit Funds as well as overseeing processes and reviewing documents that are ultimately provided to investors.  Tasks related to management of the entire Tax Credit Fund portfolio are also required.  These activities will include but are not limited to the following:

  •  Cash Management
    • Review monthly cash needs analysis for each Fund
    • Review and send Upper Tier Capital Calls
    • Review tax credit equity adjusters prepared by asset management
  • Year End Reporting
    • Review lower tier partnership tax returns and audits
    • Assist in preparation and review of Fund audits and tax returns
    • Analyze actual results compared to financial forecasts
    • Efficiently manage communications with several accounting firms on multiple projects simultaneously
  • Investor Reporting
    • Review monthly bank reconciliations and all monthly journal entries
    • Review 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 Fund Agreements, Amendments, and other Fund documents
    • Prepare consolidated Fund benefit schedules for deal closings
    • Review financial forecasts for feasibility and reasonableness
  • Miscellaneous
    • Prepare reports for Senior Management for internal control purposes
    • Special projects for investors
    • Update financial models and benefit schedules for special GP requests requiring investor consent
    • Directly supervise Fund Analysts



Requires a bachelor’s degree in accounting or a related area and a minimum of 5 years of accounting, real estate finance, or related work experience.  Previous work experience in the Low-Income Housing Tax Credit Program or Affordable Housing industry is strongly preferred.  Candidate must be able to demonstrate strong customer service skills in interactions with accountants, 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)