Senior Associate, Development

Job Type

Full-time

Description

As the Senior Associate for Development, your role is crucial in the company's value-add/opportunistic investment platform that specifically targets affordable housing projects across the United States. Your primary responsibility is to provide analysis and contribute to the investment decision-making process.

Responsibilities:

• Lead the group in all aspects of affordable housing acquisition, rehabilitation, and development (Section 8, LIHTC, etc.) in core markets across the US.
• Make substantial contributions to analysis that will inform the firm's investment decisions
• Ability to drive all phases of a deal and proven understanding of a project from sourcing through stabilization.
• Compilation of due diligence information including financial, market, site, and regulatory data
• Order and review third-party reports, including plan and cost reviews and environmental reports, and discuss any pertinent issues with the appropriate parties.
• Analyze and compare complex partnership agreements and cash flow waterfalls
• Coordinate and lead community meetings and governmental approval processes
• Manage project pro forms including budgets, schedule, timing, and underwriting assumptions
• Completion of applications and documentation necessary for debt and equity financing, property purchase and sale, and government subsidy renewal
• Support detailed analyses of project schedule delays, cost overruns, productivity, contracts, change orders and other issues related to design and construction
• Involvement in contract negotiation and review of legal documentation for each project
• Validation and defense of budgets, assumptions, and pro-forma analysis
• Build, coordinate and lead internal team members and external consultants through conceptual design and entitlements leading to construction documents
• Supervise appropriate personnel including, less experienced team associates and analysts, clerical support, and others as appropriate
• Perform, coordinate and lead pre-development work such as preliminary architectural and engineering issues, zoning issues, local government and community support
• Prepare client communications for senior level review
• Work directly with Director on projects

Requirements

• Bachelor's Degree in related field, advanced degree preferred.
• 6-7 years of experience in real estate development and/or construction, preferably multifamily.
• LIHTC and Section 8 development experience highly preferred.
• Strong quantitative, financial analysis and modeling (excel) skills.
• Exceptional research and writing abilities.
• Exceptional written and verbal communications skills.
• Strong project management skills and follow-through.
• Ability to multi-task and prioritize appropriately in a constantly changing environment and act with a sense of urgency and accountability.
• Highly driven and values entrepreneurialism; works well within ambiguity.
• Exceptional attention to detail.
• Some travel required