Indianapolis, IN 46204
This position will be responsible for monitoring, managing and tracking all Fund activity for a specific group 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:
Lead the coordination with Asset Management and Syndication to plan for upcoming capital calls
Draft and review investor capital call requests
Work with Accounting Department to draw on Bridge line as needed
Manage cash position on a monthly basis and prepare and review 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
Generate and post all monthly journal entries for certain fund entities, and review entries posted by Fund Analysts
Assist with preparation and review 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
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
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
Provide input on the management and continuous improvement of departmental processes
Requires a bachelor s degree in a business-related field, accounting or finance is preferred.
A minimum of three years relevant work experience in real estate investments finance and/or accounting is required.
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.