Financial Consultant or Senior Financial Consultant - Hybrid/CA

California Housing Partnership•California, CA

7d•Hybrid

About The Position

The California Housing Partnership is seeking to hire ONE (1) Financial Consultant ("FC") or Senior Financial Consultant (“SFC”) to join our Financial Consulting team. Unlike typical financial advisors, the Partnership’s Financial Consulting staff do not see themselves as third-party consultants whose sole task is to run financial projections and advise on important financial decisions. Because we take to heart the part of our mission that focuses on building the long-term capacity of our clients, who we see as long-term partners, Financial Consultant staff must be able and willing, after appropriate training, to provide intensive coaching and mentoring to less experienced project managers from our partner organizations as well as to engage more experienced project managers and Directors of Housing Development in detailed conversations about the pros and cons of various approaches to financing their developments and tips on avoiding pitfalls in the development process. Financial Consultant staff also provide inside information on the latest trends in pricing and likely changes to program regulations and funding sources before they change.

Requirements

At least four (4) years' experience in affordable multifamily housing development and financing (for Financial Consultant).
At least seven (7) years' experience in affordable multifamily housing development and financing (for Senior Financial Consultant).
Master’s degree in a directly related field may substitute for up to one year of work experience.
Detailed knowledge of current multifamily financing techniques and resources including the rules of at least the most important financing programs listed.
Extensive hands-on experience with the Low Income Housing Tax Credit (LIHTC) program including experience preparing LIHTC applications with minimal supervision and detailed knowledge of LIHTC investment structuring and analysis.
Extensive experience in developing and running multifamily rental real estate proformas.
Knowledge of and ability to communicate about affordable rental housing policy issues.
Proficiency with Apple computers and various cloud-based tools such as Salesforce, DropBox, Google Drive, and Microsoft OneDrive or willingness and ability to learn such tools.
Expert level ability with Microsoft Office products including Excel, Word and PowerPoint.
Alignment with the Partnership’s stated mission as well as core organizational and equity values as demonstrated by prior work and life experience.
Ability and willingness to travel within California.
Detail-oriented, self-starters, possess strong organizational skills and the ability to multitask overlapping deadlines and assignments, and have strong interpersonal and communication (verbal and written) skills.

Nice To Haves

Experience in applying for and structuring tax-exempt bonds, recent project management experience with a LIHTC housing developer, and/or experience in delivering or designing related trainings (for Financial Consultant).
Recent project management experience with a LIHTC housing developer and/or experience in delivering or designing related trainings (for Senior Financial Consultant).
Extensive hands-on experience in at least one of the following: Applying for and structuring tax-exempt bonds and State of CA HCD programs; Proforma modeling, including full tax analysis; and Lender/investor negotiations and document review (for Senior Financial Consultant).
Lived experience in affordable housing or housing insecurity (for Senior Financial Consultant).

Responsibilities

Advising clients on financial strategies to structure and maximize equity and bond or loan proceeds raised, selection of equity investors and lenders, and negotiation of deal terms, preparation of financial projections and assistance in obtaining funding from a large array of competitive programs.
Independently run the Partnership’s in-house proforma considering all funding sources, their rules and interactions.
Provide expert advice to nonprofit and local government housing agency partners regarding the optimal use of all the financing programs and services.
Provide expert consulting services on syndication and resyndication structuring, including a strong understanding of tax and financial concepts, as well as investor negotiating strategies.
Provide expertise to our partners on exit strategies for projects where Tax Credits are reaching the end of their 15-year compliance period by analyzing project economics, tax and regulatory considerations, and assisting partners in structuring a financing plan that employs innovative techniques to ensure that the nonprofit sponsor can retain ownership of the project with minimal out-of-pocket cash requirements.
Assist in designing and delivering training programs on the above topics, including training sessions for the Housing Development Training Institute (HDTI) conducted by the Partnership.
Provide expert technical assistance to the staff of nonprofit and local government housing agencies regarding the same list of topics.
Periodically assist with basic office administrative functions consistent with a small nonprofit organization.

Benefits

100% employer-paid medical, dental, and vision insurance
80% premium coverage for dependents
Medical waiver subsidy for employees who opt out of health insurance
Employer-paid Health Reimbursement Account (HRA) covering up to $1,200/year for out-of-pocket medical expenses
Employer-funded Specialty Reimbursement Account of up to $500 for home office equipment in the first year and $250 annually thereafter
Cell phone and home internet reimbursement
Office commuter subsidy of up to $220 per month
403(b) retirement plan with employer contributions based on years of service
Dependent Care Flexible Spending Account (FSA)
Immediate paid time off (PTO) accrual and usage with no waiting period
Access to an Employee Assistance Program (EAP) for mental health and personal support