Financial Consultant or Senior Financial Consultant - Hybrid/CA

California Housing Partnership • California, CA

4d • Hybrid

About The Position

The California Housing Partnership is seeking to hire one Financial Consultant or Senior Financial Consultant to join their Financial Consulting team. Unlike typical financial advisors, the Partnership’s Financial Consulting staff focus on building the long-term capacity of their clients, providing intensive coaching and mentoring, and engaging in detailed conversations about financing strategies. They also provide insights on the latest trends in pricing and potential changes to program regulations and funding sources.

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).
• 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 are highly encouraged to apply (for Financial Consultant).
• Recent project management experience with a LIHTC housing developer and/or experience in delivering or designing related trainings are highly encouraged to apply (for Senior Financial Consultant).
• Master’s degree in a directly related field may substitute for up to one year of work experience.
• 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).
• Applicants with diverse experiences and backgrounds and especially encourage those with lived experience in affordable housing or housing insecurity to apply (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 relevant 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 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).
• Provide expert technical assistance to the staff of nonprofit and local government housing agencies.
• 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
• Hybrid work model
• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level