CIC Business Development Officer I
Core
Originate and underwrite equity and debt for LIHTC investments and loans, assisting senior BDOs with lower-tier deals and acting as the primary contact with developers during the underwriting and closing process.
Role type
Junior IC business development officer (real estate finance)
Builds
LIHTC equity and construction/permanent debt investments via CDLI funds
Domain
Real estate finance / Low-Income Housing Tax Credit (LIHTC)
Required skills
LIHTC program technical knowledge, financial modeling (sources and uses, capital stack, pro forma), sponsor underwriting, relationship building with developers, closing coordination
Preferred skills
Finance/accounting degree, knowledge of state/historic tax credits, Excel modeling proficiency, limited partnership agreement knowledge, sponsor financial analysis, tax credit syndications knowledge
Technologies
Excel
Responsibilities
Assist BDOs with originating LIHTC equity and debt, perform financial modeling of tax benefits and capital accounts, act as contact with developers during underwriting and closing, underwrite sponsors by analyzing financial statements and business plans, coordinate closings with internal groups, represent the bank at industry events, serve as point of contact for legal and accounting professionals
Seniority
Junior, hands-on IC
