Enterprise is a national nonprofit that exists to make a good home possible for the millions of families without one. We support community development organizations on the ground, aggregate and invest capital for impact, advance housing policy at every level of government, and build and manage communities ourselves. Since 1982, we have invested $92.0 billion and created 1.1 million homes across all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands – all to make home and community places of pride, power and belonging.
Join us at enterprisecommunity.org
Working at Enterprise
At Enterprise, you’ll be part of a diverse, committed team making a difference every day. You will collaborate with some of the smartest minds and biggest hearts in our field. You’ll be empowered to drive systems change and take bold steps to advance racial equity. And you will find a career home where you’re valued and supported in your growth journey.
Enterprise offers career opportunities in our offices across the country with an exceptional benefits package.
Job Description Summary
Enterprise Housing Credit Investments is seeking a Director on the Investor Relations team to manage multi-investor fund execution and closing, and to manage several investor relationships. Multi-investor fund execution includes managing investor due diligence, leading the review and negotiation of partnership agreement terms, and driving the fund closing process. This role coordinates with in-house and outside legal counsel, with various Enterprise departments, and with investors. The Director will also actively manage relationships with several established investors to drive production and ensure responsiveness. Extensive knowledge of LIHTC, along with strong real estate financial analysis and underwriting skills, is required.Job Description
Key Responsibilities:
- Funds: Play a pivotal role in the formation and closing of multi-investor LIHTC funds.
- Fund Transactions: Negotiate and review partnership agreement terms and manage fund closing processes in coordination with Legal, Underwriting, Credit, and other stakeholders.
- LIHTC Expertise: Present risks and mitigants; assist with resolving legal and technical issues; negotiate terms of LIHTC transactions.
- Relationship Management: Maintain strong communication cadence; capture evolving investment criteria.
- Account Management: Manage investor relationships by responding to reporting and information needs; coordinating due diligence meetings; and sharing information about other Enterprise capital products and initiatives.
- Process Improvement: Drive cross-functional alignment and champion process improvements.
- Key Competencies for Success: driving results, developing talent, collaborating effectively, ensuring accountability, cultivating innovation, and managing ambiguity.
- Represent Enterprise externally and develop talent across the team.
- Willing to travel: Up to ~20% for internal events, conferences and investor meetings.
Qualifications:
- Bachelor’s degree in Business, Accounting, Finance, Urban Planning, or related field required.
- 5+ years of experience underwriting LIHTC investments and/or executing proprietary or multi-investor LIHTC funds.
- Strong understanding of LIHTC structuring and investor underwriting processes.
- Experience with real estate legal documents.
- Advanced Excel modeling; strong written and oral communication; Salesforce preferred.
- Strong attention to detail, organizational skills, and ability to prioritize conflicting demands and meet deadlines.
- Highly service-oriented, self-motivated, able to work independently and within a team, and effective at problem-solving.
- Must obtain or hold FINRA SIE, Series 22, and Series 63 licenses.
Salary Transparency
You will be joining a team of talented professionals motivated by serving the community and addressing the need for affordable housing.
Enterprise offers a comprehensive total rewards package for you and your family. The pay range for this position is $150,000 – $195,000. The salary range represents the low and high end of what may be paid for this position. It is not typical for an individual to be hired at or near the top of the pay range, and compensation decisions may be influenced by a variety of factors, including skills, qualifications, experience, and location.
Total Rewards at Enterprise
This range is just one component of our total rewards package, which also includes annual performance bonuses and generous paid leave programs.
Our benefits form a major part of the total rewards package. These include dental, health, and vision care plans, as well as family-building benefits such as adoption and surrogacy support. Enterprise supports flexible work arrangements to promote work-life balance and offers health advocacy, an Employee Assistance Program (EAP), and mental health benefits. We round out our package with financial education, wellness programs, and auto-enrollment in the company’s 401(k) plan with employer matching contributions.
Finally, you will have access to learning and development opportunities, including tuition reimbursement for job-related courses and certifications. Thank you for your interest in joining the Enterprise team and contributing to our mission to serve others.
#LI-JW1 #ID
Skills Required
- Bachelor's degree in Business, Accounting, Finance, Urban Planning, or related field
- 5+ years underwriting LIHTC investments and/or executing proprietary or multi-investor LIHTC funds
- Extensive knowledge of LIHTC structuring and investor underwriting processes
- Experience reviewing and negotiating partnership agreements and fund closing processes
- Experience with real estate legal documents and resolving legal/technical transaction issues
- Advanced Excel modeling skills
- Strong written and oral communication skills
- Strong attention to detail, organizational skills, and ability to prioritize competing demands
- Highly service-oriented, self-motivated, able to work independently and collaboratively
- Must obtain or hold FINRA SIE, Series 22, and Series 63 licenses
- Willingness to travel up to ~20% for events, conferences, and investor meetings
- Salesforce experience
What We Do
Enterprise Community Investment (“ECI”) is a national leader in providing investment capital and development services for affordable housing and community revitalization. ECI operates as part of the Enterprise family of companies, which includes Enterprise Community Partners, Inc., a national Section 501(c)(3) charitable organization. Enterprise’s mission is to create opportunity for low- and moderate-income people through affordable housing in diverse, thriving communities. At Enterprise, we believe opportunity begins when people have a place to call home. We are driven by our mission, fueled by business discipline and sustained by donors and investors. Since 1982, Enterprise has worked with partners in communities nationwide. As one of America’s original social enterprises, we bring together the people and resources to create affordable housing and to revitalize neighborhoods. ECI finances, develops and acquires housing and provides other community development initiatives in underserved neighborhoods throughout the U.S. ECI’s primary business is syndicating low-income tax credits. Our investment and lending products include low-income housing tax credits, historic tax credits and long-term permanent mortgages on multifamily and commercial properties. Permanent mortgages are provided through Bellwether Enterprise, our mortgage subsidiary. ECI develops affordable rental and for-sale housing, through its subsidiary Enterprise Homes. Asset management is offered by Enterprise Community Asset Management, Inc. Since its founding, Enterprise has invested $43.6 billion in housing and community revitalization, helped create nearly 585,000 homes and we have touched millions of lives. In fact, every day someone moves into a better place to live thanks to Enterprise. However, today ECI’s mission is more critical than ever. The U.S. is in the midst of a housing crisis that affects nearly 19 million low-income families. Our goal is to end housing insecurity for all.
