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The Opportunity

The Director of Financial Closeout plays a critical role in the successful completion of affordable housing developments by leading all financial closeout activities. This role is responsible for ensuring accurate and timely cost certifications, final tax credit allocations, and IRS Form 8609 issuance, while safeguarding financial integrity and maintaining strong relationships with investors, lenders, and housing agencies.

Role Overview

This position provides strategic oversight of the financial closeout process for LIHTC developments, with accountability for cost certification, equity installment management, adjuster calculations, and permanent loan conversions. The Director of Financial Closeout works cross-functionally with development, accounting, legal, lenders, investors, and public agencies to ensure compliance, accuracy, and optimized financial outcomes.

Key Responsibilities

Cost Certification & Closeout Leadership

  • Direct and oversee the CPA-led cost certification process, ensuring accurate reconciliation of sources and uses and proper classification of eligible basis

  • Serve as the primary point of contact with auditors, lenders, investors, syndicators, and housing authorities on all cost certification matters

Final Allocation & IRS Form 8609 Management

  • Lead preparation and submission of applications and supporting documentation for final LIHTC allocation

  • Oversee completion and submission of IRS Form 8609 packages, coordinating with internal and external teams to ensure compliance and timely issuance

Equity & Adjuster Oversight

  • Review and approve upward and downward adjuster calculations in accordance with partnership agreements

  • Manage equity installment schedules, verifying milestone compliance and adjuster outcomes

Permanent Loan Conversion & Documentation

  • Oversee financial components of permanent loan conversions, aligning lender, investor, and agency requirements

  • Ensure all closeout documentation (change orders, legal opinions, PIS certificates, loan agreements, cost audits, and related materials) is complete, accurate, and properly archived

Strategic Financial Management

  • Identify and execute opportunities to maximize eligible basis and optimize tax credit allocations

  • Develop and refine internal closeout processes, controls, and checklists to drive consistency and efficiency

  • Provide guidance and training to internal teams on closeout requirements and financial compliance best practices

Stakeholder & Investor Relations

  • Maintain strong working relationships with auditors, investors, syndicators, lenders, and housing authorities

  • Provide regular reporting to executive leadership on closeout status, financial outcomes, risks, and timelines

Experience & Qualifications

Required:

  • Bachelor’s degree in Accounting, Finance, or a related field

  • 5+ years of experience in affordable housing finance, LIHTC development, or public accounting with a real estate focus

  • Deep expertise in LIHTC program requirements, cost certifications, and IRS Form 8609 processes

  • Strong technical proficiency in financial modeling, reconciliations, and partnership agreement mechanics

  • Proven ability to manage complex, cross-functional processes and external stakeholder relationships

  • Exceptional organizational, communication, and problem-solving skills

Preferred:

  • CPA designation strongly preferred

Compensation & Benefits

  • Competitive compensation, commensurate with experience

  • Comprehensive benefits package

  • Opportunity to lead a critical function supporting successful LIHTC project delivery and investor confidence

Why This Opportunity

  • Senior-level role with ownership of the full financial closeout lifecycle

  • High-impact position influencing tax credit equity outcomes and project success

  • Extensive interaction with investors, lenders, auditors, and public agencies

  • Opportunity to build scalable closeout processes across a growing affordable housing portfolio

Next Steps

Qualified professionals interested in this opportunity are encouraged to apply or contact JP Wright directly. All inquiries kept in the strictest of confidence