Community Investment Analyst

VISION STATEMENT : People in every community have an affordable place to live and opportunities to thrive. MISSION STATEMENT: We work with partners to connect underserved communities in the northern New England region with capital and expertise to advance projects and policies that create more inclusive places to live.

SUMMARY The Community Investments Analyst is a professional position that supports the Community Investments department in making affordable housing, economic, and community development investments. The position plays a key role in supporting department staff in a broad array of tasks related to a pipeline of community investments.

SPECIFIC RESPONSIBILITIES: Assist department staff with review of prospective Low-Income Housing Tax Credit (LIHTC) opportunities including preliminary project intake, review of project proforma and tax credit application, information transfer into Evernorth proprietary syndication financial model, preliminary letter of interest generation, responses to request for equity investment proposals, and information transfer into SharePoint.

Assist department staff with review of prospective New Markets Tax Credit (NMTC) opportunities, including preliminary project intake, review of project materials, and information transfer into SharePoint. Provide support to department staff in the pre-closing due diligence, financial modeling, and underwriting of LIHTC investments by: Preparing initial due diligence checklists and creating file folders in external file sharing site.

Collecting, tracking, filing, and/or storing information and data from partners. Performing initial review of due diligence received, such as appraisals, market study, and environmental reports. Uploading information for external file/information sharing with investors, project partners, and/or legal counsel. Preparing Investment Proposal sections as requested.

Drafting legal intake forms and other duties as assigned. Provide support to Risk Management department staff with construction and capital installments: Reviewing and transferring project data points into internal tracking systems. Serving as back up requisition support for construction requisitions. Leading capital installment file folder set up in external file sharing site.

Other administrative reporting support as assigned. Administration of various department reports, including working with directors and staff to confirm updates and data field population. Scheduling internal and external meetings, note taking, and coordinating follow-up information or meeting needs. Manage the LIHTC investment pipeline report, ensuring accurate and complete data, timely updates, quality control, and regular distribution.

Post-closing, assist department staff with project outcomes/impact data collection, analysis, and/or maintenance of files and data. Support the work of the Vice President of Community Investments to prepare reports. Assist in assembling Investment Committee materials and serve as back up coordinator and scheduler of external investment committee meetings and minute taker.

Participate in Investment Proposal and Committee meetings as required. Develop skills and knowledge of the LIHTC, NMTC, Evernorth proprietary syndication financial model, investment underwriting, closing, requisition, and capital installment process. Uphold corporate principles of respect, service, value, and partnership.

Perform other tasks as reasonably requested by the Vice President of Community Investments, Director LIHTC Acquisitions, NMTC Program Manager, or Director of Risk Management. REPORTS TO: Vice President, Community Investments SUPERVISES: None EDUCATION, LICENSES AND/OR CERTIFICATIONS REQUIREMENTS: Bachelor’s Degree. Coursework in community development, real estate, or a related discipline desired.

Valid Driver’s License. Criminal background check. JOB KNOWLEDGE AND EXPERIENCE: A minimum of one year of comparable experience in multi-family, affordable housing, community development, economic development, or real estate investment or finance. Interest or knowledge of affordable housing, community development, real estate, business lending, LIHTC, NMTC or other federal financing programs is preferred.

Experience with complex financial modeling and assisting in the preparation of credit write ups and/or investment proposals of real estate or business transactions is preferred. JOB ESSENTIAL SKILLS: Interest in affordable housing or community development. Willingness to learn and grow. Strong written, verbal, and active listening skills.

Proficiency in Microsoft Office 365 and SharePoint (Excel, Word, Teams, and Outlook). Solution-oriented approach to problem solving. Ability to understand complex real estate tax credit financing. Strong organizational, analytical thinking, and financial analysis skills. Effective prioritization in a fast-paced environment.

Ability to manage multiple priorities and deadlines with attention to detail. Ability to work well in a team with diverse individuals across locations and platforms. Flexibility and focus. Commitment to community and the mission of Evernorth. The following are the general Evernorth work environment and physical demands: Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this position.

The noise level in the office work environment is usually quiet. This position requires periods of sitting, standing, walking, stooping, and bending. Ability to reach with hands and arms, and talk and hear. Specific vision abilities required by this job include close, distance and peripheral vision, depth perception and ability to adjust focus.

This position requires substantial typing, reading and writing emails, and other related computer work. The employee is regularly required to use hands and fingers. May require driving to meetings and offsite locations in personal car. May require lifting up to 20 pounds.