Financial Analyst - Real Estate
About The Position
This position is a professional position in the Real Estate Division responsible for conducting financial analysis of multifamily rental properties for both new construction and rehabilitation of existing properties. The responsibilities include assisting with proforma preparation and other analysis for potential development activities, including purchasing and rehabilitating existing rental properties, purchasing land, constructing multi-family mixed-income rental properties, and renovation/refinancing of operating properties within HOC’s portfolio. The employee in this position requires a general knowledge of the principles and practices in the residential real estate development field for multifamily rentals and single-family units, preferably with affordable housing, including real estate investment analysis. This position requires a basic understanding of appraisals and market studies, underwriting practices, sources for equity and financing, the tax-exempt bond market, and federal, state and local housing programs as appropriate for specific aspects the incumbent is assigned. The employee takes direction from Real Estate Development team members and plans, organizes, and controls most aspects of their work, providing regular status reports to the supervisor. The employee is expected to exercise sound and efficient judgment in managing and scheduling the workload. Contacts are with employees throughout HOC and with members of HOC’s development partners and project team members. The employee works in both a regular office setting and, occasionally, in the field, visiting rental developments or potential sites.
Requirements
- At least one year of experience in real estate underwriting and real estate development, preferably with affordable housing
- Graduation from an accredited college or university with a Bachelor’s degree in Engineering, Mathematics, Finance, Business, Real Estate, or Urban Planning, or a related field
- An equivalent combination of education and experience may be accepted. Low-income residents in Montgomery County with the above qualifications are encouraged to apply.
- Knowledge of real estate terminology and concepts is preferred; a basic understanding of LIHTC is a plus.
- Proficient in Microsoft Word, Excel, and PowerPoint with a general understanding of databases and computerized accounting systems. Yardi is a plus.
- Strong financial and analytical skills and the ability to understand and manipulate data.
- Ability to learn local, state, and federal laws and regulations applicable to the portfolio.
- Ability to communicate clearly both in writing and orally
- Ability to work independently and exercise good judgment
- Ability to deal tactfully, effectively, and equitably with people and work as an effective, collaborative team member who is punctual and shares the values of the agency's mission
- Ability to perform other related duties as assigned.
Nice To Haves
- Knowledge of real estate terminology and concepts is preferred; a basic understanding of LIHTC is a plus.
- Proficient in Microsoft Word, Excel, and PowerPoint with a general understanding of databases and computerized accounting systems. Yardi is a plus.
Responsibilities
- Assist with underwriting multifamily developments with a variety of financing sources. Financing might include tax-exempt bonds, and local, state, and tax credit partnerships.
- Perform financial projections and evaluate potential investments
- Assist with preparing proformas and financial analysis of multifamily rental properties
- Perform standard accounting and tracking functions associated with construction projects in progress
- Assist with the preparation and submission of Low Income Housing Tax Credit (LIHTC) applications
- Assist with the preparation of action items for the Commission Agenda
- Assists with applications for additional grants, loans, and subsidies with capital partners and Montgomery County agencies
- Perform data analysis to assist the team with reports or presentations as needed
- Communicate effectively with project managers and collaborate on deliverables for projects.
- Perform related and other duties as assigned.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
