Real Estate Associate

Enterprise Community Partners•Columbia, MD

1d•$82,000 - $82,000

About The Position

Enterprise is a national nonprofit that exists to make a good home possible for the millions of families without one. We support community development organizations on the ground, aggregate and invest capital for impact, advance housing policy at every level of government, and build and manage communities ourselves. Since 1982, we have invested $80.9 billion and created 1 million homes across all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands – all to make home and community places of pride, power and belonging. Join us at enterprisecommunity.org Working at Enterprise At Enterprise, you’ll be part of a diverse, committed team making a difference every day. You will collaborate with some of the smartest minds and biggest hearts in our field. You’ll be empowered to drive systems change and take bold steps to advance racial equity. And you will find a career home where you’re valued and supported in your growth journey. Enterprise offers career opportunities in our offices across the country with an exceptional benefits package. Job Description Summary We are currently recruiting candidates to apply to our Real Estate Analyst Training Program, a two-year, paid rotational program for recent graduate students in the fields of Business, Finance, or City & Regional Planning, or undergraduate students who participated in Project Destined or equivalent real estate development program. The program is designed to provide analysts full immersion and hands-on experience in all aspects of real estate financing and development, and opportunities to sharpen leadership skills. See cover letter requirements below. Job Description As a Real Estate Analyst, you will be trained by Enterprise’s executive and industry leaders. You will work on projects and with teams that span the organization’s business lines, including our Community Development Financial Institution (CDFI), housing credit investments, asset management, real estate equity and real estate development.

Requirements

An undergraduate or graduate degree in business, finance, real estate, urban planning, or related field is required as follows:
Graduating Master’s Degree Candidate with a concentration in City and Regional Planning, Real Estate, Finance, Accounting or Business
2 Accounting courses with a grade of “B” or higher
Graduating undergraduate senior with an overall GPA of 3.20 or higher
Major in Business, Finance, Accounting, or Real Estate
Participated in a real estate related internship and/or mentorship program in real estate finance
2 Accounting courses with a grade of “B” or higher
Periodic in-office work time required in the Columbia, MD area
Committed to the mission of housing and community development
Excellent written and verbal communication skills are required.
Strong computer aptitude skills, including knowledge of Microsoft Office Suite Programs are essential.
Excellent skills in managing multiple tasks requiring strong attention to detail.
Ability to work effectively in a team environment.
Ability to travel on a limited basis.
Please upload a brief summary in your cover letter on how you meet any of the required criteria below or evidence of social and/or economic disadvantage (for example, living with a physical, mental or sensory disability that hinders daily tasks).
1st generation college graduate
Previously and/or currently reside in public or subsidized housing
Has not participated in a paid internship
Recipient of Pell grants
Legally emancipated as a minor

Nice To Haves

Familiarity with federal, state, and local government funding sources for construction, rehabilitation and operating needs of multi-family housing, special needs housing, and community facilities (e.g. LIHTC, HUD programs, etc.) desired.

Responsibilities

Analyzing market, collateral and financial trends
Partnering with relationship managers and underwriters to evaluate credit risks and structure loans
Analyzing and updating data on collateral, financials, projections, covenant compliance, free cash flow and audits
Reviewing field examinations and appraisals for collateral performance and valuation trends
Analyzing clients' financial performance by comparing it to past performance, projections, and industry standards
Spreading financial statements, assessing the client's compliance with financial covenants, and confirming the accuracy of risk ratings

Benefits

You will be working with a group of talented professionals who are motivated by serving the community and addressing the need for affordable housing.
Enterprise offers a comprehensive total rewards package for you and your family.
The salary for this role is $82,000.
The salary range for this position is represented by the low and high end of the range for the amount to be paid for the position.
Salaries paid at Enterprise will vary based on factors that may include skills, education, location, experience, and performance.
The salary range is just a part of the total rewards package provided to employees at Enterprise, and other rewards may include annual performance bonuses and generous paid leave programs.
At Enterprise, our benefits form a major component of our total rewards package.
Benefits include dental, health, and vision care plans, as well as family-building benefits, such as adoption and surrogacy support.
Enterprise allows flexible work arrangements to promote a better work-life balance.
We offer health advocacy, EAP, and mental health benefits.
We round out our total rewards package by offering financial education, wellness programs, and auto-enrollment in the company's 401(k) plan with employer matching contributions.
Finally, you will have learning and development opportunities, including tuition reimbursement for job-related courses and certifications.