Job description
Real Estate Financial Analyst
About us:
Allied Argenta is a vertically integrated affordable housing developer with construction, management, and development arms with offices in Los Angeles, CA, Incline Village, NV, Indianapolis, IN, and Bloomington, IN. We are dedicated to the preservation and creation of affordable housing and are also mission-driven with a pledge to set aside 3% of our portfolio for residents with special needs. We are growing fast and are looking for hard working, dedicated individuals who want to be part of our future success.
Responsibilities:
The primary role of the Real Estate Financial Analyst is to underwrite acquisition prospects, support acquisition closings, and complete post-closing lender and tax credit equity investor requirements. Acquisition targets consist mainly of those to be acquired using Low-Income Housing Tax Credits (LIHTC).
Duties:
- Perform Excel underwritings of LIHTC acquisition opportunities
- Perform research to support underwritings, including researching market rental rates, vacancy, bad debt, historical expenses and project pro forma expenses
- Underwrite and compare various debt structures
- Present findings of research and analysis using effective verbal and written communications
- Lead in the preparation and delivery of due diligence items for lenders and investors, including:
- Order, review and submit third party due diligence reports
- Perform initial review of title, survey, organizational documents, loan documents, insurance certificates, and other project level due diligence
- Participate in the development and preparation of presentations and materials
- Prepare and submit tax credit and soft fund applications
- Support transaction closings
- Support with property refinancings
- Support with HUD filings for contract adjustments
- Other duties as assigned
Skills and Experience:
A candidate for this position is required to have a minimum of two years applicable LIHTC and transactional real estate experience. Legal experience, or familiarity with legal/transaction documents, is preferred. A bachelor’s degree is required, preferably in Accounting, Finance, Business Administration, or a related field. Longer hours at certain times of the year may be required. Must possess and be able to demonstrate effectiveness with each of the following Key Attributes:
- Real estate experience
- Experience in multifamily asset management/investment analysis preferred
- Proficiency in Excel with strong use of formulas, functions and ability to work efficiently within proprietary models and occasionally create new models on an ad hoc basis
- Clear understanding of fundamental real estate economics, finance principles and financial statements
- Strong project management and coordination skills as well as the ability to multi-task
- Strong quantitative and analytical skills
- Attention to detail and extremely well organized
- Excellent communication skills - written, oral and interpersonal
- Able to work independently, be self-motivated and a team player
- Strong personal initiative and desire to succeed
- Experience in affordable housing/LIHTC
Job Type: Full-time
Education: Bachelor's (Required)
Work Location: In person
Job Type: Full-time
Experience:
- Real Estate: 1 year (Required)
- LIHTC: 1 year (Preferred)
- Financial Analysis: 1 year (Required)
Work Location: In person
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