Ovation · 8 hours ago
LIHTC Senior Associate
Las Vegas, Nevada, United States
Full-time
Onsite
Mid, Senior Level
$95K/yr - $95K/yr
3+ years expOvation is a family-owned and privately held real estate firm specializing in the development, construction, and management of residential properties. The Senior Financial Analyst of Affordable Housing will be responsible for underwriting new developments, managing transaction closing processes, and monitoring ongoing developments while serving as a key analytical and financial resource throughout the development lifecycle.
ConstructionProperty DevelopmentReal Estate
No H1B
Responsibilities
Build and maintain detailed pro forma financial models for LIHTC developments, incorporating debt, equity, and tax credit structures
Conduct underwriting of acquisition and development opportunities, analyzing feasibility, operating assumptions, and layered financing
Perform sensitivity analyses and scenario modeling to evaluate project risks, credit pricing, and investor returns
Support negotiations with lenders, equity investors, and other capital providers through preparation of financial packages and analyses
Model and evaluate Year 15 scenarios, including exit strategies, partnership buyouts, and asset disposition analyses
Perform calculations for credit delivery and timing adjusters, monitoring equity contributions tied to construction benchmarks and placed-in-service dates
Assist in analyzing and documenting 50% test compliance for tax-exempt bond-financed transactions
Support preparation and submission of IRS Form 8609s, ensuring accuracy of eligible basis and final cost certifications
Track and assist with construction loan paydowns and monitor equity installment schedules tied to project milestones
Support permanent loan conversion processes, coordinating with lenders and attorneys to ensure conditions precedent are satisfied
Prepare and review investor and lender due diligence materials, including financial forecasts, budgets, and legal documents
Review and comment on legal documents related to the transaction
Prepare comparisons with prior projects
Collaborate with legal, accounting, and compliance teams to ensure proper documentation and program compliance
Support senior team members across the full development lifecycle, including acquisition, financing, construction, lease-up, and stabilization
Track project performance against budget, schedule, and funding benchmarks
Prepare presentations and reports for investment committees, lenders, and housing finance agencies
Conduct market research to support site selection and competitive positioning
Stay up to date on LIHTC regulations, IRS compliance, state housing finance agency allocation processes, and HUD policies
Monitor regulatory or market changes affecting tax credit pricing, interest rates, and affordable housing demand
Qualification
Required
3 -4 years of experience in the development of affordable housing as a financial analyst, specifically in low income housing tax credit (LIHTC) financial analysis
Strong Excel and analytical skills
Strong understanding of financial concepts and the ability to reflect such concepts in financial models without direction
Excellent organizational, time management, and communication skills
Self-starter with the ability to handle multiple priorities and deadlines
Preferred
Bachelor's degree in finance, business, real estate, urban planning, or related field is preferred but not required
Benefits
Competitive salaries
Career growth opportunities
Medical
Dental
Vision
401(k) plan with employer match
Rent discount – Employee rent discount after 90 days.
Medical Insurance – 100% free option available for employee/company pays portion of dependent coverage, eligible 1st of the month after 60 days
Dental and Vision Insurance – Employee and dependent coverage options available, eligible 1st of the month after 60 days.
You will be eligible to enroll in our 401K plan on the first day of the quarter following three months of employment.
Our generous PTO package consists of 13 days of paid time off, which is pro-rated in each pay period and increases with tenure (available after 90 days of employment), ten holidays, and one-half day annually.
Company
Ovation
Ovation is a family-owned, fully integrated multifamily housing company with over 30 years of experience building and managing communities exclusively in Southern Nevada.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Heather Grech
Chief Financial Officer
Jess Molasky
Chief Operating Officer
Company data provided by crunchbase