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Equity Fund Analyst

VCDC
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Department: Fund Management & Investor Relations 

Location: Richmond, VA 

Position Type: Full-Time, Exempt 

Reports to: Director of Fund Management & Investor Relations 

Supervisory Responsibility: No 

Position open: June 25, 2024 

 

About US 

VCDC, a non-profit community development organization based in Richmond, VA, is dedicated to collaborating with other mission-driven organizations to advance transformative community projects. Our activities include advising developers on real estate developments, particularly developments providing affordable housing or serving other community development needs; providing equity investments based on the availability of Low-Income Housing Tax Credits, Historic Tax Credits, and New Markets Tax Credits; providing loans and other capital for housing, community, and economic development; and in supporting to partners in managing compliance and solving operational issues for developments and in bolstering partner organizational capacity.  

 Through strategic financial investments and advisory services, VCDC empowers community developers to bring life-changing projects to fruition, creating strong, vibrant communities for residents across Virginia and in surrounding states. 

 

The Position (Job Summary) 

The Equity Fund Analyst will join VCDC’s Fund Management & Investor Relations team in in coordinating all aspects of VCDC’s equity fund program, including monitoring the performance of VCDC’s tax credit equity funds, preparing reports to fund investors and other stakeholders, and supporting fund formation and outreach to investors. 

 

Essential Job Functions 

Fund Management (70% of position’s time) 

  • Develop, analyze, and maintain VCDC’s fund models to include: 
  • Prepare initial fund projections for investor outreach and to support investor subscription 
  • Coordinate with VCDC acquisition staff to analyze project-level pricing, including evaluation of investment adjustments 
  • Update fund projections, on at least a quarterly basis, based on actual asset performance, including changes to project schedules and benefit delivery 
  • Adjust projections as needed to maintain an IRR and other benefits that meet fund targets 
  • Support fund cash management decision-making and tracking, including investor draws, contributions to properties, and bridge loan and reserve management  
  • Prepare routine and special investor reports, including quarterly benefit schedules 

Fund Formation and Outreach (25% of position’s time) 

  • Provide support for completion of investor presentation and marketing materials  
  • Assist in preparation of responses to investor questions 
  • Support the Director in maintaining VCDC’s investor contact information and investor outreach calendar 
  • Participate in investor outreach activities, including attendance at meetings, workshops, and conferences 

General VCDC Support (approximately 5%) 

  • Participate on VCDC cross-functional teams 
  • Special projects and requests, as needed 

 

Work Environment 

The physical demands and work environment described here are representative of those an employee encounters while performing essential functions of this job. Reasonable accommodations may be made to enable individuals with different abilities to perform the essential functions.   

The typical work schedule is 8:30am-4:30pm, Monday through Friday, though hours may vary occasionally based on business needs.  

The designated primary base of operations for this position is our office in Richmond, VA.  

Hybrid in-office and remote work schedule (three days in the office per week). 

Occasional statewide and regional travel may be required. 

Physical demands include technical and motor skills for reading, data input and typing; mental abilities for analyzing, calculations, forecasting, interpreting numbers and data, assessing/evaluation of information, synthesizing information, attention to detail, memory and problem solving; sensory requirements are ability to see close vision and verbal communication; and lifting and carrying up to 20 pounds.   

 

Experience & Qualifications 

We are seeking a detail-oriented and analytical self-starter who excels in collaboration and effective communication. This role demands a strong customer-service orientation and the ability to manage multiple financial projects with meticulous attention to detail. 

 Key Requirements: 

  •  Detail-oriented individual with strong Excel skills and the ability to independently solve problems. 
  • Strong proficiency in data analysis and manipulation, particularly with spreadsheets and databases.  
  • Minimum of three years of experience in financial or real estate transactions, with a focus on tracking and reporting transaction details. 
  • Bachelor’s Degree minimum requirement. 
  • Proficiency in Microsoft Office Suite, standard office equipment, and video conferencing is required. Comfort and proficiency in adopting new technologies and software solutions.  
  • Experience with Federal Low-Income Housing Tax Credits and/or other Federal, State, or local housing programs is desirable. 

 

 

Salary & Benefits 

The salary for this position is competitive and dependent on the candidate's experience and qualifications. We encourage applications from individuals with varying levels of expertise, and the salary range is flexible to accommodate different skill sets, ranging from $65,000 to $75,000.  

Benefits: We offer competitive benefits, including health insurance with an option for a 100% employer-covered plan, retirement plans with an employer-funded plan after 1-year, educational assistance, professional development opportunities, volunteer time off, and generous leave policies.  

Salary Negotiation and Cover Letter: Candidates are encouraged to include their salary expectations in their cover letter. Additionally, we encourage you to highlight any relevant experience or expertise, including housing and community development programs, housing management, real estate, or experience in industries with complex transactions and varied customers. This approach will help foster an open dialogue during the interview process, allowing us to better understand how a candidate’s skills align with our organizational needs and compensation structure. 

We recognize the unique skills each candidate brings, and we are open to tailoring our offer accordingly. The hiring range is flexible, and exceptional candidates may be considered for added responsibilities and a higher salary. 

To Apply:

  • To apply for this position, please submit your cover letter and resume: VCDC Employment Application 2024
  • TO BE CONSIDERED FOR THE POSITION YOU MUST APPLY DIRECTLY THROUGH OUR APPLICATION LINK, DIRECT APPLICATIONS MADE THROUGH OTHER PLATFORMS WILL NOT BE CONSIDERED.

Open until filled - resumes will be reviewed on a rolling basis. Priority review will be given to applications July 12.

  • We are an equal opportunity employer, committed to building a diverse team.
  • All offers of employment are contingent upon clear results of a thorough background check.