Responsibilities
The Associate will focus on all aspects of affordable real estate acquisitions and development including financial analysis and modeling, site acquisition, due diligence, governmental agency communication and funding applications, legal document review and negotiation, and community and resident engagement. She/He will prepare detailed financial analyses and models including those for transaction underwriting and will provide key takeaways to business units, corporate finance, and senior management.
Essential Duties and Responsibilities:
Support the Deal Team Leader in all aspects of affordable housing acquisitions, financing, and development.
Complete financial modeling and facilitate presentations with a focus on property valuation using a range of capital structures and financing tools unique to affordable housing.
Compile and review due diligence information including financial, market, demographic, site, federal, and state regulatory data.
Validate and defend budgets, assumptions, and pro-forma analysis, including the identification of challenges inherent to a given project.
Communicate with investors, lenders, brokers, property managers, and industry consultants.
Draft and complete applications and documentation necessary for debt and equity financing, property purchase and sale, government subsidies, and rental contract maintenance.
Engage in community and resident outreach initiatives to tailor property improvements and services to meet the needs of neighborhoods and residents.
Engage with internal Deal, Construction, Community Engagement, and Portfolio, Asset, and Property Management teams to ensure wholistic measures of success are executed in each deal.
Manage workflow and task completion across various teams and departments.
Lead select internal presentations to Senior Related Affordable Leadership.
Competencies:
Demonstrates an ability to project manage key components of deal or project, spanning from initiation to completion
Demonstrates strong problem-solving skills, identifying the root causes of issues, and leveraging prior experience and education to derive creative and impactful solutions.
Communicates effectively with a demonstrated ability to maintain strong relationships with diverse stakeholders, including internal leaders and colleagues, investors, lenders, local communities, and government agencies.
Exceptional financial modeling skills.
Well-developed and adaptable writing skills.
Exceptional time management, organizational, and prioritization skills, as well as acute attention to detail; showcasing the capacity to excel in a fast-paced environment while successfully managing multiple projects and competing priorities.
Entrepreneurial mindset, contributing new insights and perspectives that may lead to innovative ideas and approaches.
Demonstrates a high level of receptivity to feedback and instructions, seamlessly integrating takeaways into future work products.
Qualifications
Education and Experience:
A Bachelor’s degree required; MBA, Master of Public Policy or MRED
2 - 5 years of professional experience, preferably in a banking or real estate environment, or equivalent coursework.
Ideal candidate will have experience with LIHTC and/or affordable housing finance
Adept at financial analysis with robust quantitative and modeling skills.
Proficient in the standard suite of office applications and advanced proficiency in Microsoft Excel.
An understanding of the principles of finance and accounting.
Travel/Physical Requirements:
Flexibility to travel and work outside standard business hours as needed
Compensation:
The anticipated base salary range for this position is listed below. In addition to a competitive base salary, you will be eligible to receive discretionary bonus incentives and a comprehensive benefits package.
Anticipated base salary range: $120,000 - $150,000