Development and Asset Manager

Communities First • Detroit, MI

8d

About The Position

Communities First, Inc. is a Michigan-based nonprofit 501c3 whose mission is to build healthy, vibrant communities through economic development, affordable housing and innovative programming. CFI is focused on providing safe, quality affordable housing, increasing economic opportunities, and improving the quality of life of the populations that the organization serves. Job Summary The Development and Asset Manager will oversee and optimize the performance of Communities First, Inc.’s diverse portfolio of assets and assist with all aspects of real estate development. The Development and Asset Manager will be responsible for development and execution strategies to maximize value, efficiency, and profitability of CFI’s real estate portfolio.

Requirements

• Undergraduate or Graduate degree
• Ability to understand financial return metrics (IRR, ROE) and valuation techniques
• Strong proficiency in Microsoft Office suite (Excel, PowerPoint, Outlook, Word) and Adobe Acrobat
• Knowledge of accounting and finance related to real estate
• Effective interpersonal skills which enables working with others to elicit information, think creatively, and work independently
• Knowledge of FHLB, CDBG, HOME, MSHDA funding and other comparable programs and requirements
• Strong work ethic and initiative; desire to work in an entrepreneurial, team-based environment
• Effective oral, written, and presentation skills
• Desire to grow and learn professionally in a fast-paced environment
• Ability to prioritize multiple projects and tasks and take direction when needed

Responsibilities

• Provide financial analysis and underwriting of various real estate projects
• Effectively research and summarize real estate entitlement information, rental and sale comparables, market data, property ownership, planning documents, and funding applications and requirements
• Assist in the creation, assembly, and submittal of funding applications
• Evaluate and accurately summarize property historical financial income and expenses and discounted cash flows using excel and other tools
• Assist with property, project development and operating budgets
• Assist with project construction management and portfolio management
• Maintain and update reports for database
• Assist and manage the portfolio performance of all facilties
• Assist with administrative tasks (scanning, filing, document search and delivery)
• Learn and facilitate the ongoing development of a filing system and coordinate storing and arranging of records
• Schedule meetings, create agendas and prepare and disseminate minutes/notes from meetings
• Assist with calendar reminders to meet internal and external deadlines
• Assist with project acquisition activities and feasibility assessments
• Assist with property insurance policies
• Assist with preparing capital needs budget with leadership team
• Assist with commercial and residential Leasing and finding prospective users
• Assist with looking at new business development opportunities
• Assist in the creation of specialized documents for presentations to community groups, potential funders, partner organizations, and other stakeholders to meet administrative, legal, and financial requirements.
• Promotes and builds good working relationships with staff of Communities First, Inc.
• Embraces mission. Works with team; assists whenever and wherever needed/required.
• Other duties as assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 1-10 employees