Boston Financial, a subsidiary of ORIX Corporation USA, provides innovative capital solutions for affordable housing developers and offers institutional investors the opportunity to achieve compelling risk-adjusted returns while delivering meaningful social impact. We manage the largest syndicated Low Income Housing Tax Credit ("LIHTC") portfolio in the country, and maintain a platform dedicated to the preservation of existing affordable housing. Our business is built on a proven investment track record, long-term client relationships, and a commitment to housing solutions. Today, Boston Financial is recognized as a national leader in affordable housing finance and asset management.
Purpose and Job Summary:
The Underwriting Analyst will support Originators and Equity Underwriters throughout the acquisition and closing processes with developers
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and investors in affordable housing LIHTC investment deals. The Analyst will provide support during the acquisitions and investor placement
process, modeling, analysis and due diligence, and closing activities. Analysts will learn the equity underwriting lifecycle, processes,
requirements, and help the team maintain high standards of deal quality, integrity, and structure. The Analyst will perform work that enables
Equity Underwriters to maintain and enhance relationships with developers, investors, and investor advisors through timely, accurate, and
thorough work product.
Essential Duties and Responsibilities:
- Perform initial review of materials related to perspective deal opportunities
- Prepare the initial investment model and a summary of key deal features
- Assist in the preparation of screening and investment committee packages.
- Support the due diligence process with financial analysis, market analysis, and review of other information and material required to evaluate project feasibility.
- Raise concerns and issues quickly to ensure they are addressed timely.
- Support the management of due diligence by coordinating and working with various third parties.
- Due to the fast-paced nature of the responsibilities for this position, extended days and weekends may be required
- Travel Requirements < 10%
Required Skills:
- Familiarity with general accounting principles, desired
- Strong financial analysis skills
- Ability and desire to gain an understanding of complex real estate and financial transactions, tax credit, and partnership requirements
- Solid problem-solving skills with the ability to address issues timely and discern when to raise complex issues requiring additional support, timely
- Strong communication skills to successfully interact with all levels of staff and external stakeholders
- Solid writing skills
- Active listening skills to understand needs and concerns of stakeholders and support positive outcomes
- Strong client focus with demonstrated ability to interact effectively with Company personnel as well as external stakeholders, where necessary
- Proficient with MS Office
- Strong Excel skills
- Organizational and time management skills, including the ability to manage multiple, diverse projects concurrently
- Solid critical thinking skills
Education: Bachelor's Degree in business or finance, preferred
Preferred Experience: 1-2 years of related experience in any of the following areas: LIHTC, real estate, underwriting or finance
Life at ORIX
We are committed to the health and well-being of our employees and offer a quality, competitive benefits package that provides valuable healthcare and financial protection for our workforce, while emphasizing a healthy work/life balance.
You Time
We want you to have the time needed to recharge and manage life with our competitive vacation policy, floating personal holidays, extensive leave options, our annual observed holidays, and more.
Family Care
Every family has a different journey and ORIX USA Group is proud to offer extensive benefit programs such as: infertility coverage, adoption support, child and elder care, fully paid maternity, and generous parental leave benefits to help you and your families along the way.
Flexible Work Arrangements
ORIX associates enjoy the advantages of our hybrid working model with a 3 day in-office minimum requirement.
Boston Financial Investment Management, LP and its parent company, ORIX USA, is an equal opportunity employer, providing equal employment opportunities (EEO), and is committed to diversifying its workforce. All employees and applicants for employment will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability, genetics, sexual orientation, gender identity or expression, pregnancy, protected veteran status or other status protected by law. This policy applies to all terms and conditions of employment.