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Multifamily LIHTC Advisor (Open to Remote)

Company Description

At Fannie Mae, futures are made. The inspiring work we do helps make a home a possibility for millions of homeowners and renters. Every day offers compelling opportunities to impact the future of the housing industry while being part of an inclusive team thriving in an energizing, flexible environment. Here, you will grow your career and help create access to fair, affordable housing finance.

Job Description

As a valued contributor to our team, you will advise the team on methods and processes for overseeing customer network development and customer support activities, as well as supporting customer engagement opportunities. Additionally, you will be responsible for planning, managing, or coordinating operational activities for the team with the help of executives and staff managers.

THE IMPACT YOU WILL MAKE

The Multifamily LIHTC Advisor (Flexible Hybrid) role will offer you the flexibility to make each day your own, while working alongside people who care so that you can deliver on the following responsibilities:

  • Own and manage the relationship with syndicator partners in the development, construction and operation phases of LIHTC investments.
  • Analyze Multifamily portfolio data, counterparties, markets, legal agreements/terms, financial statements, and cash flows. Identify trends and draw reasonable conclusions from examination of data and other sources of information.
  • Resolve problems. Source and analyze information to develop recommendations. Present position to management and external stakeholders to mitigate financial and credit risk in a clear, concise and compelling manner.
  • Ensure data quality and integrity.  Assist in the automation of asset management data.
  • Improve processes to monitor and communicate credit risk within the team and across the Multifamily organization.
  • Lead and support the development of action plans for non-routine project-based work including regulatory and internal audit activities.
  • Maintain Fannie Mae training schedule. Actively focus upon personal development aligned with Fannie Mae leadership criteria for Advisor that complements business unit goals.
  • Assist with ad hoc assignments as needed.
  • Provide support for operational activities.
  • Provide subject matter expertise, best practices, and recommendations to the team.

 

Qualifications

THE EXPERIENCE YOU BRING TO THE TEAM

Minimum Required Experiences

  • 6 years related experience

Skills

  • Relationship Management including managing and engaging stakeholders, customers, and vendors, building relationship networks, contracting, etc.
  • Risk Assessment and Management including evaluating and designing controls, conducting impact assessments, identifying control gaps, remediating risk, etc.
  • Working with people with different functional expertise respectfully and cooperatively to work toward a common goal
  • Skilled in presenting information and/or ideas to an audience in a way that is engaging and easy to understand
  • Skilled in documentation and database reporting for the purposes of analysis, data discovery, and decision-making with the use of relevant software
  • Experience identifying and selecting strategic options, and identifying resources to meet the defined objectives
  • Experience helping an organization to plan and manage change in effort to meet strategic objectives
  • Influencing including negotiating, persuading others and resolving conflict if needed
  • Experience gathering accurate information to explain concepts and answer critical questions
  • Operational Excellence including improving and overseeing operations
  • Business Insight including advising, designing business models, interpreting customer and market insights, forecasting, benchmarking, etc.

Tools

  • Skilled in Excel


Desired Experiences

  • Bachelor’s degree in Finance, Economics, Accounting or related field preferred or equivalent is preferred
  • Multifamily acquisition and disposition experience is a plus
  • Ability to travel occasionally

Skills

  • Knowledge of the Multifamily market including LIHTC Asset Management, affordable housing finance, real estate finance, transactions and structures, legal contracts (partnership agreements), loan documents, third-party reports (audits, appraisals, needs assessments), cap rates, and credit analysis
  • Knowledge of and experience with commercial multifamily real estate markets and property types specifically with a focus on the Low Income Housing Tax Credit business
  • Experience managing Multifamily LIHTC / Equity assets
  • Excellent written and verbal communication skills. Experience communicating complex ideas and processes to colleagues and stakeholders
  • Strong interpersonal and influencing skills, ability to deal with multiple business units within the Multifamily organization, strong customer relationship management skills
  • Self-motivated team player who has strong work ethic and demonstrates attention to detail
  • Ability to prioritize in a fast-moving environment with excellent management and business literacy skills
  • Ability to work on multiple projects simultaneously, managing time and resources to ensure work is completed efficiently and within established timeframes
  • Sound analytical skills

Tools

  • Experience with equity or debt portfolio management software/systems (e.g. MRI, Salesforce, Yardi,
  • Ability to navigate multiple systems, manage data and create reports
  • Skilled in Microsoft Office suite of products, particularly Word and PowerPoint

Additional Information

The future is what you make it to be. Discover compelling opportunities at careers.fanniemae.com.

Fannie Mae is primarily a flexible hybrid company. We embrace flexibility for our employees to work where they choose, while also providing office space for in-person work if desired. At times, business need may call for on-site collaboration, which means proximity within a reasonable commute to your designated office location is preferred unless job is noted as open to remote.

Fannie Mae is an Equal Opportunity Employer, which means we are committed to fostering a diverse and inclusive workplace. All qualified applicants will receive consideration for employment without regard to race, religion, national origin, gender, gender identity, sexual orientation, personal appearance, protected veteran status, disability, age, or other legally protected status. For individuals with disabilities who would like to request an accommodation in the application process, email us at [email protected].

The hiring range for this role is set forth on each of our job postings located on Fannie Mae's Career Site. Final salaries will generally vary within that range based on factors that include but are not limited to, skill set, depth of experience, certifications, and other relevant qualifications. This position is eligible to participate in a Fannie Mae incentive program (subject to the terms of the program). As part of our comprehensive benefits package, Fannie Mae offers a broad range of Health, Life, Voluntary Lifestyle, and other benefits and perks that enhance an employee’s physical, mental, emotional, and financial well-being. See more here.

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What You Should Know About Multifamily LIHTC Advisor (Open to Remote), Fannie Mae

At Fannie Mae, we’re excited to announce an opportunity for a Multifamily LIHTC Advisor, and we want you to be part of our dynamic team! This role allows you to make a real impact in the housing industry while enjoying the flexibility of a hybrid work environment. In this position, you'll be the key liaison for our syndicator partners throughout the entire lifecycle of Low Income Housing Tax Credit (LIHTC) investments, from development and construction to operations. Your analytical skills will shine as you dive into complex portfolio data, identify trends, and recommend strategies that mitigate financial and credit risks. We're all about partnerships here, so you'll engage with our executives and managers, ensuring data quality and leading initiatives that streamline our asset management processes. At Fannie Mae, we believe in continuous learning and personal development, so we’ll encourage you to pursue growth aligned with our leadership criteria. If you excel in a fast-paced environment and have a knack for relationship management, we can’t wait to hear from you. Let’s transform the housing landscape together – apply today and join us in making homeownership a dream come true for millions!

Frequently Asked Questions (FAQs) for Multifamily LIHTC Advisor (Open to Remote) Role at Fannie Mae
What are the main responsibilities of a Multifamily LIHTC Advisor at Fannie Mae?

As a Multifamily LIHTC Advisor at Fannie Mae, you will oversee relationship management with syndicator partners, analyze multifamily portfolio data, mitigate financial risks, and lead projects related to operational activities. Your role is pivotal in ensuring accurate data management and enhancing processes across our multifamily organization.

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What qualifications are needed for the Multifamily LIHTC Advisor role at Fannie Mae?

To qualify for the Multifamily LIHTC Advisor position at Fannie Mae, candidates ideally should have at least 6 years of related experience, strong relationship management skills, and a background in risk assessment. A Bachelor's degree in Finance, Economics, Accounting, or a related field is preferred, along with knowledge of the LIHTC market and multifamily asset management.

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What skills are required for success in the Multifamily LIHTC Advisor position at Fannie Mae?

Successful Multifamily LIHTC Advisors at Fannie Mae possess skills in relationship management, risk assessment, and operational excellence. They are adept at presenting information clearly and effectively, have strong analytical abilities, and can navigate complex data systems. Communication and teamwork are key skills that will enhance your capabilities in this role.

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Can the Multifamily LIHTC Advisor role at Fannie Mae be performed remotely?

Yes! The Multifamily LIHTC Advisor position at Fannie Mae is open to remote work, allowing for a flexible hybrid work environment. While there may be occasions that require on-site collaboration, the primary focus is on providing employees with the freedom to work where they are most comfortable.

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What career development opportunities are available to Multifamily LIHTC Advisors at Fannie Mae?

At Fannie Mae, we put a premium on your professional growth. As a Multifamily LIHTC Advisor, you'll have access to a variety of career development resources and training that align with our leadership criteria. We encourage our team members to pursue continuous learning to advance their careers while contributing to our mission of providing fair and affordable housing.

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Common Interview Questions for Multifamily LIHTC Advisor (Open to Remote)
Can you describe a successful project you managed as a Multifamily LIHTC Advisor?

When answering this question, highlight your key achievements in managing LIHTC projects. Discuss how you leveraged your relationship management skills, the specific challenges you faced, and how you resolved them. Emphasize your analytical skills and how your recommendations positively impacted project outcomes.

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How do you approach relationship management with syndicator partners?

In your response, outline your strategy for building strong relationships. Discuss the importance of communication, understanding their needs, and providing regular updates to foster trust and collaboration. Give examples of how your past experiences have strengthened these partnerships.

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How do you ensure data integrity when working with multifamily portfolio data?

Explain your methods for maintaining data accuracy. You might mention implementing checks and balances, utilizing industry-standard software tools, and how you prioritize data quality in decision-making processes. Share a scenario that showcases your attention to detail in data management.

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What techniques do you use to analyze financial statements and cash flows?

Discuss the tools and techniques you employ for financial analysis, such as Excel or portfolio management software. Explain how you identify key metrics and trends, and how this analysis informs your recommendations to mitigate financial risks.

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Can you provide an example of a time when you had to resolve a conflict?

Provide a clear example of a conflict situation, detailing the context and the stakeholders involved. Explain your approach to resolving the conflict, focusing on your negotiation and influencing skills, while also highlighting the successful outcome of your actions.

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How do you prioritize tasks in a fast-paced environment?

Outline your prioritization methodology, such as using task management tools or frameworks like the Eisenhower Matrix. Discuss how you remain flexible to changing priorities while ensuring that deadlines are met, providing insight into your time management skills.

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Describe your experience with legal agreements and credit analysis.

Discuss your familiarity with legal agreements relevant to LIHTC financing. Detail your process for conducting credit analysis, including key components you evaluate, and how this experience informs your overall risk management strategies.

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What role does team collaboration play in your work process?

Emphasize the importance of teamwork in achieving common goals. Provide an example of a successful collaborative project, describing how you engaged various stakeholders and how this led to better outcomes.

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How do you stay updated on trends in the LIHTC and affordable housing market?

Share the resources you rely on to stay informed, such as industry publications, webinars, and professional networks. Discuss how you apply this knowledge to your role, ensuring your strategies and recommendations remain relevant.

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What distinguishes you as an ideal candidate for the Multifamily LIHTC Advisor position?

Highlight your unique blend of experience, skills, and passion for affordable housing. Discuss how your background aligns with Fannie Mae’s mission and how you are eager to contribute to innovative solutions in the housing landscape.

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Fannie Mae’s mission is to facilitate equitable and sustainable access to homeownership and quality, affordable rental housing across America.

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Full-time, hybrid
DATE POSTED
December 25, 2024

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