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Affordable Housing Owner-Operator & Development
Senior Finance/Accounting & Product Development Associate

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Our Client
  • This impressive, highly reputable national bank and its affiliates provide a comprehensive suite of products and services and operate more than 1,000 branches in 10+ states
  • Strong appetite for growth; hired 32 people in 2 years
  • Dedicated to helping improve communities by providing billions of dollars in financing for high-impact community development projects
  • Provide construction and permanent financing, construction period private placement bonds, investment in 9% and 4% LIHTC, upper- and lower-tier equity bridge loans, access to Federal Home Loan Bank Affordable Housing (AHP) grant program, and pre-development loans for LIHTC projects
  • Strong commitment to diversity, equity and inclusion
The Opportunity
We are recruiting for a senior-level Accounting & Finance professional who will focus on community investment capital and new product development within the Affordable Housing/LIHTC platform for this growing bank. You will have responsibility for new business finance, accounting policy, financial reporting, tax and finance strategy within a niche division of the bank. This individual will work collaboratively with other team members to ensure appropriate internal and external reporting of business unit metrics and forecasting for this platform.
  • Responsible for developing new products and services as well as researching financial and tax implications and challenges/obstacles associated with each
  • Collaborate with internal teams to assemble and oversee annual/quarterly budgets and forecasts for this division of the bank while identifying opportunities to meet and/or exceed the annual financial plan
  • Collaborate with Accounting teams to understand the financial performance of this group and the impact on GAAP financial statements
  • Responsible for preparing advanced short- and long-term financial forecasting, budgeting, and reporting
  • Work with the Tax team to understand annual state and federal tax liabilities and propose appropriate amounts of tax credits that they could deliver to offset taxes
  • Explore and make recommendations for various ways to offset state tax credit liabilities
  • Ensure proper accounting and tracking of K-1s
  • Understand the impact of operations on key financial metrics (Public Welfare Investment test, pre-tax pre-provision income, net income after tax, CET1 ratio, operating leverage, tax credit carryforward, etc.) and assess the short- and long-term planning for these metrics
  • Collaborate with the Accounting Policy team to establish, modify, and refine accounting policies related to tax credit investments and community development loans
  • Interface with the Legal team for various legal issues
Ideal Candidate Profile // Qualifications
  • Bachelor’s Degree
  • 5+ years of Affordable Housing/LIHTC experience and related Finance, Accounting, and/or Tax experience
  • CPA
  • Commercial Real Estate lending and/or investing experience
  • Excellent Excel skills and robust analytical skills
  • Advanced written and verbal communication and presentation skills
KM Partners’ national Executive Search and Professional Recruitment practice areas focus on high-growth, impact-investment-oriented businesses across relevant industries, including Investment Management, Real Estate, Clean Energy, Sustainable Infrastructure, and related Business and Professional Services. With a core focus in Tax Credits (LIHTC, NMTC, Historic, & Renewable), Multifamily, Affordable and Senior Housing, we partner with clients and place industry-specific professionals throughout the United States. At KM, we have established an unparalleled track record of repeat business and success recruiting in niche practice areas, including 140+ placements in Affordable Housing, which have led to 50+ promotions to date. We represent C-level Executive Leadership, Middle Management, and experienced Associates across industry professions.
If qualified, please contact:
Kelly Erbe | Senior Director
303.495.2109 |
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