Affordable Housing (LIHTC) Originations Analyst | Great Neck, NY, USA

Regions Financial Corporation • Full-time • Great Neck, NY, US • 2w ago

Affordable Housing (LIHTC) Originations Analyst

Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.

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Job Description:

At Regions, the Regions Affordable Housing (RAH) Financial Analyst develops complex financial models, financial planning systems, and procedures designed to protect assets and enhance yield for affordable housing transactions using the low-income housing tax credit. This role engages internal stakeholders across the RAH organization and recommends transaction structures and to maximize performance of projects under consideration.

Primary Responsibilities

• Analyzes, consolidates, and interprets financial data related to affordable housing project using the low-income housing tax credit • Under the direction of a more senior Financial Analyst, prepares complex financial models related to affordable housing: identifies questions and gaps for further review • Recommends structural changes and/or enhancements related to affordable housing transactions, such as improving operations, enhancing yield, resolving potential exceptions to RAH underwriting standards and other similarly complex real estate matters • Works with the investor services team to resolve project-level questions and concerns • During underwriting, continues to be the subject matter expert for questions and transaction structural changes that require changes to the financial model
This position is exempt from timekeeping requirements under the Fair Labor Standards act and is not eligible for overtime pay.

This position is incentive eligible.

Requirements

• Bachelor's degree in accounting, Finance or a directly related field • Three (3) years of experience with financial analysis within the real estate or affordable housing industry
Preferences

• Master of Business Administration (MBA)
Skills and Competencies

• Ability to manage multiple priorities • Ability to research, analyze data, and derive facts • Ability to work under pressure and meet deadlines • Proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.) • Strong verbal, written communication, and organizational skills • Strong work ethic and self-motivation
This role supports Regions Affordable Housing Relationship Managers/Originators by providing strategic and executional assistance across key phases of the investment lifecycle. Additional responsibilities include:

• Assisting with Preliminary Business Reports, Letters of Intent, client interactions (including closings and due diligence), development intake, and annual relationship planning. • Tracking developer applications and managing related documentation for tax credit support. • Utilizing Salesforce to facilitate internal communication, monitor project progress, and document decisions. • Handling routine business matters on behalf of the RAH Relationship Manager. • Supporting the Originations team with special projects as assigned.
Position Type Full time

Compensation Details

Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.

The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.

Job Range Target:

Minimum: $91,449.92 USD Median: $115,143.60 USD

Incentive Pay Plans: This role is eligible to participate in a discretionary incentive plan. Employees have the potential to receive a discretionary award based on performance against defined metrics and goals.

Benefits Information

Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.

• Paid Vacation/Sick Time • 401K with Company Match • Medical, Dental and Vision Benefits • Disability Benefits • Health Savings Account • Flexible Spending Account • Life Insurance • Parental Leave • Employee Assistance Program • Associate Volunteer Program
Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions' benefits, please click or copy the link below to your browser.

https://www.regions.com/welcometour/benefits.rf

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