Tax Credit Investment Advisory Services - Manager - 00GWV

Within Ernst & Young's renowned National Tax practice, the Tax Credit Investment Advisory Services (TCIAS) group helps clients to identify and analyze the issues surrounding the acquisition and management of various tax credit investments including the Affordable Housing Tax Credit, Historic Property Tax Credit, New Markets Tax Credit and other emerging tax credit opportunities. We currently have a career opportunity for a Manager. TCIAS reviews our clients' proposed investments including the transaction structure, underlying properties and the tax credit sponsor. We assist the client in evaluating the return on investment and validate whether the return is consistent with market trends. Through these services, we help our clients understand alternative tax credit investment options and help them make sound investment decisions by identifying issues and risks. As a leading advisor on tax credit investments, Ernst & Young has first-rate industry reach and knowledge. We leverage that knowledge to improve our clients' management procedures and systems through industry benchmarking analysis and best practices recommendations. Our services help clients evaluate such items as financial modeling, capital sourcing, compensation studies and success planning.ResponsibilitiesDemonstrate understanding of the real estate industry and tax credits, particularly with regard to modeling low-income housing tax credit and historic rehabilitation tax credit transactions. Demonstrate experience in or the capability to read and analyze market studies, operating expenses, development and operating pro formas, benefits schedules, tax opinions, environmental reports, construction cost reviews and partnership agreements. Demonstrated ability to collaborate in the writing of reports to corporate clients in a clear and professional manner. Participate in and contribute to attaining team goals. Thoroughly and accurately analyze information. Prepare quality, practical approaches to the client's tax situation and arrive at appropriate conclusions. Provide timely and high-quality services and work products that exceed client expectations. Build client relationships and demonstrate knowledge of client business. Help to develop and guide staff and other junior tax professionals by providing effective performance feedback and ensuring team responsibilities are consistent with skills and developmental goals. Build on technical competence by keeping up to date on trends, developments and technical authorities and apply them to moderately complex situations. Demonstrate professionalism through a positive and cooperative attitude and by maintaining the confidential and proprietary nature of client relationships and related work products. Contribute to the overall success of the team by developing a thorough understanding of EY methodologies and tools to enhance service delivery; keeping team members informed of work status; actively seeking assignments when unassigned; proactively seeking opportunities to provide tax services; challenging traditional procedures used in the past; and attempting to find more effective approaches. To qualify, candidates must have: a bachelor's degree with a concentration in accounting or finance a minimum of 5 years of relevant experience strong financial modeling skills, particularly with regard to modeling low-income housing tax credit and historic rehabilitation tax credit transactions real estate underwriting experience experience reading and analyzing market studies, operating expenses, development and operating pro formas, benefits schedules, tax opinions, environmental reports, construction cost reviews, and partnership agreements exceptional writing ability high motivation with the ability to work both independently and in a collaborative setting strong organizational skills exceptional multitasking ability strong MS Excel skills and proficiency in MS Word and PowerPoint (Filemaker and Notes proficiency a plus)Candidates must also be willing and able to travel, as necessary. MA-Boston