Director of Dispositions - Chicago, United States - National Equity Fund

Description

NATIONAL EQUITY FUND, INC. is a leading non-profit syndicator of Low-Income Housing Tax Credits (LIHTC) with a
mission to create and deliver innovative, collaborative financial solutions to expand the creation and preservation of
affordable housing. We strive to be a diverse, equitable, and inclusive place to work so that our team has the
experience and knowledge to effectively support our partners and communities.


OVERVIEW
The Director of Dispositions will be a team member of Asset Resolution, collaborating
with the Vice President of Dispositions in executing successful year 15 disposition
strategies by planning, marketing, and negotiating with developers and other
interested parties. All strategies must meet compliance standards of NEF's policies
and those provided in various fund offerings. This position may be located in any


ESSENTIAL DUTIES Coordinating with NEF Asset Management and Acquisitions Departments, establish and maintain a primary

business relationship between NEF and the project Sponsor for assigned projects that are approaching the
expiration of the initial compliance period.

• Coordinating with NEF Asset Management and Credit, monitor and manage early disposition requests.

Evaluate and determine requests that meet NEF and the Funds disposition goals, negotiate sale terms where
applicable, and manage closing.

• Perform indepth review and summary of partnership agreements, appraisals, loan documents, market

information, and other pertinent documentation, and recommend disposition outcomes.

• Effectively negotiate exit terms with project Sponsor to meet NEF disposition policies, requirements and

goals in various investor Fund offerings.

• Respond to investor inquiries and participate in investor due diligence meetings as required.
• Coordinate the disposition transaction with internal staff and external stakeholders to ensure a timely

- process.

• Prepare and present disposition memos for approval by NEF Senior Staff, NEF Board, or Investor(s).
• Assist in establishing the necessary systems to meet the deadlines associated with targeted dispositions and
• Fund dissolution goals.
• Assist the Managing Director of Asset Resolution and Vice President of dispositions with other assignments

on an as-needed basis.


THE IDEAL CANDIDATE Bachelor's degree in accounting, business, or finance. Master's degree preferred.

• Minimum 7 years of responsible experience in LIHTC multifamily real estate investment analysis,

underwriting, brokerage, appraisal or finance. Experience in or strong knowledge of LIHTC dispositions is
required. Experience in real estate-based loan development or workout experience a plus.

• Excellent dialog and negotiation skills working within a multifunctional environment. Comfortable and

successfully interacting in the public forum.

• Diverse and adaptable
• Comfortable working in a fastpaced, multitask environment. Must be willing to

tolerate ambiguity and risk.

• Creative problem solver
• Individual demonstrating the ability to quickly grasp the business issues of a

situation and develop the best solution and find creative ways to solve complex issues among demanding
parties.

• Knowledge of or experience with nonprofit community development corporations.

• Strong presentation skills

• An outstanding communicator, both written and verbal. Someone who can

deliver concise, logical written documents and who also demonstrates the presence to communicate
effectively.

• Relationship builder
• Individual has strong relationship building and networking skills that is comfortable

managing company and customer expectations.

• Strong collaborator across functions and regions of internal and external audiences. Understanding of what

drives successful relationships.

• Must be extremely well organized and detail oriented with ability to deliver the right message at the right

time. Self-starter, highly motivated and energetic.

• Capacity to assess significance of noncompliance for potential risk to credit realization.
• Strong computer skills, particularly in spreadsheet modeling.
• Travel as needed.

ABOUT NATIONAL EQUITY FUND
National Equity Fund, Inc. (NEF) is a leading non-profit, multi-family, affordable, real estate investment manager
with a mission to create and deliver innovative, collaborative financial solutions to expand the creation and
preservation of affordable housing. Through its Low-Income Housing Tax Credit (LIHTC) syndication platform and
its lending and investing platforms, NEF generates opportunities rooted in its vision that all individuals and families
across the country have access to stable, safe, and affordable homes. Since being founded in 1987, NEF has
invested over $24.5 billion, representing 242,500 new or preserved affordable homes for individuals, families, and
communities in need across the country. NEF is Chicago-based and has donated more than $240 million in grants
to support its affiliate LISC's nationwide com