Fund Analyst, Fund Management
Locations: Indianapolis, IN
About the Employer
CREA, LLC is a full-service low-income housing tax credit (LIHTC) syndicator. With nearly 25 years in affordable housing, the firm has raised $13.5 billion in equity, resulting in the formation of more than 97,500 homes across 958 communities nationwide. CREA employs more than 135 professionals and works with investors and developers on LIHTC transactions across the country.
Role Summary
The Fund Analyst position sits within CREA’s Fund Management department and is responsible for monitoring, managing, and tracking fund activity for a specific group of CREA Tax Credit Funds. The role also prepares financial and reporting materials for Senior Analysts and Vice Presidents that are ultimately provided to investors.
What You’ll Do
Cash Management
- Lead coordination with Asset Management and Syndication to plan upcoming capital calls
- Draft investor capital call requests
- Work with the Accounting Department to draw on the Bridge Line as needed
- Manage monthly cash positions and prepare 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 preliminary and year-end fieldwork
Investor Reporting
- Generate and post monthly journal entries for certain fund entities
- Assist with the preparation and analysis of quarterly reports, including fund and project benefit schedules, summary reports, and cash reserve projections
- Draft fund entity financial statements and investor narratives
- Calculate investor yield on a quarterly basis
Closings
- Review the adequacy of partnership accountant expertise and capacity
- Research and calculate applicable state taxes for fund and related entities
- Review draft Limited Partnership Agreements
- Create post-closing financial models for new lower-tier partnerships
Additional Responsibilities
- Populate data within tax credit software
- Initiate and implement custom reports within tax credit software
- Prepare internal control reports for senior management
- Support special projects as needed
Required Qualifications
- Bachelor’s degree in accounting, finance, or a related business field
- Knowledge of Microsoft Office Suite with high proficiency in Excel and Word
- Strong organizational, analytical, and problem-solving skills
- Ability to communicate effectively with investors, lenders, developer partners, and internal teams
- Ability to administer sensitive and confidential information
- Willingness to work overtime during certain months of the year
Preferred Qualifications
- Minimum of two years of relevant work experience, particularly in LIHTC, the affordable housing industry, or public accounting
How to Apply
Applicants can learn more about CREA’s employee benefits at MyCREABenefits.com.
