Real Estate Analyst - Tax Credit Equity

Be Part of the Next. Be Berkadia.

Berkadia is built on deep expertise, strong relationships, and a commitment to excellence across the commercial real estate industry. What sets us apart is our people. As a values-driven organization, we foster a culture where collaboration thrives, growth is encouraged, and employees are empowered to make an impact. Together, our people strengthen our business and help shape the future of Berkadia. Are you ready to be part of the next? Discover your next opportunity at Berkadia and apply today.

Responsibilities  

• Assist with preparing comprehensive equity investment submission packages, including underwriting narratives, financial analyses, investment recommendations, and supporting documentation.
• Analyze project feasibility, including development costs, financing structure, tax credit allocation assumptions, operating projections, reserve requirements, and projected investor returns.
• Assist with responding to investor, syndicator, and internal stakeholder inquiries by researching, analyzing, and providing additional information as required.
• Coordinate the engagement, review, and approval of third-party reports and due-diligence materials, including market studies, environmental reports, physical needs assessments, and background searches.
• Perform in-depth analyses of comparable properties to evaluate market rents, achievable restricted rents, occupancy, operating expenses, and competitive positioning.
• Evaluate draft third-party reports and due-diligence findings, identify material risks or inconsistencies, coordinate necessary revisions, and support final approval.
• Review sponsor, guarantor, developer, property manager, and other key-party financial and organizational information as part of the credit and sponsor due-diligence process.
• Support transaction tracking and pipeline management by maintaining accurate data, underwriting status updates, and key milestone information in internal systems.
• Conduct financial analyses, including cash flow modeling, tax credit equity pricing, investor yield calculations, sensitivity analyses, and operating pro forma evaluations.
• Participate in property inspections, site visits, and transaction closings to support due diligence and execution.
• Monitor transaction conditions, closing deliverables, and funding requirements to help ensure timely and accurate transaction execution.
• Other duties as assigned.

Preferred Qualifications 

• Proficiency in Microsoft Office, including advanced skills in Excel, PowerPoint, Word, and Outlook; experience with tools such as pivot tables, chart formatting, and presentation animation preferred. 

• Strong organizational and multitasking abilities, with the capacity to manage competing priorities in a fast-paced environment. 

• Excellent verbal and written communication skills, with the ability to engage effectively across all levels of an organization. 

• Experience interfacing with customers and building professional relationships. 

We believe People Matter, so we offer benefits that go beyond:

• Monthly paid volunteer hours and donation matching to benefit our communities 
• Employee Resource Groups that help you grow with us
• Fertility and family planning services  
• Up to 12-weeks of fully paid parental leave   
• Mental health care, including free counseling sessions:  
• We'll help you fund your learning journey with generous tuition reimbursement 
• Pet insurance discounts 
• And more! 

Be Your Best Self. Be Berkadia. 

Berkadia, as an equal opportunity employer, celebrates our employees’ unique differences, which we believe drives personal and company-wide innovation and creates a people-first culture where your career can take the long view. To achieve these goals, we are committed to the full inclusion of all qualified individuals, without regard to race, religion, age, color, national origin, gender, sexual orientation, gender identity or expression, marital status, domestic partner status, military and veteran status, disability, pregnancy, parental status, genetic information, political affiliation, or any other status protected by federal, state and local laws.   

In keeping with our commitment, Berkadia takes the necessary steps to provide a workplace free from harassment and discrimination, as well as access and reasonable accommodations for individuals with disabilities. If you require reasonable accommodation to take part in the interview process, please contact talentacquisition@berkadia.com.

You have rights under Federal and State employment laws. No question in this Application is intended to elicit information in violation of any such law, nor will any information obtained in response to any question be used in violation of any such law.

If you apply for this role, you are acknowledging Berkadia's Application Policy and Berkadia's Privacy Policy. Please click the following links for more information about: EEOC, Employee Rights under the FMLA, EPPA.