Tax Credit Processor

Company: West Virginia Housing Development Fund
Location: Charleston
Posted on: May 24, 2023

Job Description:

TAX CREDIT PROCESSORMultifamily-Low-Income Housing Tax Credit ProgramCLASSIFICATION: Non-ExemptSALARY GRADE: 5REPORTS TO: Senior Manager- Low-Income Housing Tax Credit ProgramJob Summary: Under the direction of the Senior Manager of the Low-Income Housing Tax Credit Program ("LIHTC Program"), this employee is responsible for assisting in the implementation of the applicable Internal Revenue Code section for the LIHTC Program. The employee will process tax credit applications, performing unbiased evaluations of such applications and other administrative duties to support compliance with IRS requirements and administration of the LIHTC Program, as well as oversight of assigned properties from initial pre-registration to placement in service. This position involves time sensitive deadlines, therefore periods of heavy work volume over short spans of time should be expected. This employee will have access to sensitive and confidential data; therefore, confidentiality must be maintained at all times.Essential Functions:Assists in the administration of the LIHTC Program;Provides technical assistance to program participants;Assigned specific LIHTCP Program developers, serving as the main point of contact from the Fund to the developer;Responsible for communicating with the assigned-developers as well as for the collection and review of numerous documents throughout the various processing stages;Responsible for the evaluation, underwriting, and oversight of LIHTCP property applications through these stages: Reservation Request (initial application stage), Carryover Allocation Request (credit allocation stage), Prior to Equity Closing, and Allocation Request (placed-in-service stage);Performs unbiased application evaluations against the selection and preference criteria specified in the Qualified Allocation Plan;Reviews and evaluates application forms for accuracy by verifying computations, calculating the applicable fraction, substantiating the reasonableness of line items, and noting incorrect and/or missing information;Responsible for processing and following up on requests for LIHTCP properties to Technical Services for site suitability visits, Capital Needs Assessment reviews, Phase I Environmental reviews, plans and specifications reviews, costing, change order reviews and approvals, and final Quality of Housing review;Responsible for maintaining the LIHTC Program emailing list, and coordinating of periodic emails to program participants;Assists in the preparation of IRS Forms 8609 and 8610;Coordinates and may be expected to present at West Virginia-based LIHTCP conference(s) or LIHTC Program groundbreakings or grand openings;Prepares and maintains correspondence records in each property file as applicable;Images documents and disposes of them properly; andAssists other Multifamily departments with production duties as needed.Competencies:Adaptability --- ProductivityCommunication --- QualityDependability --- Regular AttendanceEthics --- Strategic ThoughtOrganizational Skills --- TeamworkSupervisory Responsibility: N/AWork Environment/Physical Demands: The employee in this position may be required to sit at a desk for long periods of time. Routinely uses standard office equipment such as computers, phones, etc.Required Education/Experience: Associate's degree in Accounting or relevant work experience. Knowledge of Microsoft Office products, specifically Excel and Word.Preferred Education/Experience: Minimum of two years accounting experience with emphasis in tax credit financial underwriting and/or financial loan underwriting.Required Certificates/Licenses: N/AOther Duties: This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

Keywords: West Virginia Housing Development Fund, Charleston , Tax Credit Processor, Accounting, Auditing , Charleston, West Virginia