Job Description
THE POSITION
What You Can Expect To Do
- Provide financial analysis and underwriting of potential development opportunities utilizing Excel
- Develop detailed, complex financial models that are used by New Construction Team to value real-estate investments
- Maintain ownership of financial model throughout deal lifecycle, including responsibility for assumptions and calculations within model+
- Perform rent studies and market tours for prospective and active development deals
- Communicate with and prepare investment presentations for investors, lenders, government agencies, vendors, sellers and brokers
- Prepare and maintain distribution worksheets; communicate to investors on distribution or asset updates
- Lead transaction execution and due diligence tracking efforts
- Oversee the engagement of third-party vendors, ensuring correct reports are ordered based on circumstances of the deal
- Review third-party reports and other diligence materials provided by broker or seller to inform and improve assumptions made in financial model
- Manage deal closing process, including preparation of closing statements and coordination among deal participants
- Prepare transition memo and work with internal teams— including Operations, Construction, and Compliance— to ensure smooth takeover/transition process and act as source of institutional knowledge regarding initial operating plans
- Keep deal timelines, Acquisitions templates and DD notes updated
- Assist in the preparation of tax credit applications for LIHTC deal, in coordination with local counsel and other internal teams
- Assist in the preparation of HUD assignment/MU2M applications, in coordination with HUD counsel and other internal teams
- Work with Capital Markets to ensure debt & equity investors have all necessary analyses and documentation
- Train Acquisitions Analysts who are helping on assigned deals when needed
What You Should Have
- At least 5-10 years of relevant work experience in the multifamily sector with focus on real estate finance and/or underwriting. Affordable housing experience preferred.
- Bachelor’s Degree - Finance, Accounting, Economics or Real Estate Concentration is a plus.
- Excellent verbal and written communication, organizational, presentation and analytical skills.
- Proficiency in Excel.
- Strong work ethic and attention to detail.
- Desire to work in a fast-paced, entrepreneurial environment.
- Ability to take ownership and commitment to follow through.
- Willingness to travel on occasion.
What You Should Be
- Curious, ambitious, and thoughtful by nature.
- A highly motivated person who values hard work.
- Well-rounded real estate finance professional: this role that will work with legal, construction, asset management and policy disciplines on a day-to-day basis.
- An independent self-starter; you don’t wait around too long looking for directions from others.
- Highly accountable; you take ownership, follow-through, meet deadlines, and care about the quality of your work product.
- Courageous or growing courageous; willing to put yourself out there, bet on yourself, take risks, and asks questions.
- A person who doesn’t get flustered under pressure or deadlines.
- A world-class communicator, or the desire to become one.
- Able to work collaboratively in a small team environment; willingness to “roll up your sleeves” and pitch in when and where necessary.
- Ready to work in a fast-paced environment and be part of an amazing team doing valuable work.
Job Tags
Work experience placement, Local area,