Sr. Associate, Essential Housing

Standard Property Company Inc•New York, NY

3d•$140,000 - $150,000

About The Position

As an Associate/Senior Associate, you'll be responsible for using analysis, communication, and problem solving to oversee underwriting, deal closing and coordination with various third parties. You'll work closely with our experienced team, using your problem-solving skills to help us identify opportunities and mitigate risks.

Requirements

At least 5-10 years of relevant work experience in the multifamily sector with focus on real estate finance and/or underwriting.
Bachelor’s Degree - Finance, Accounting, Economics or Real Estate Concentration is a plus
Excellent verbal and written communication, organizational, presentation and analytical skills
Proficiency in Excel
Strong work ethic and attention to detail
Desire to work in a fast-paced, entrepreneurial environment
Ability to take ownership and commitment to follow through
Willingness to travel on occasion

Nice To Haves

Affordable housing experience preferred

Responsibilities

Provide financial analysis and underwriting of potential acquisitions and development opportunities utilizing Excel
Develop detailed, complex financial models that are used by Production Team to value real-estate investments
Maintain ownership of financial model throughout deal lifecycle, including responsibility for assumptions and calculations within model
Communicate with and prepare investment presentations for investors, lenders, government agencies, vendors, sellers and brokers
Prepare and maintain distribution worksheets; communicate to investors on distribution or asset updates
Lead transaction execution efforts
Oversee the engagement of third-party vendors, ensuring correct reports are ordered based on circumstances of the deal
Review third-party reports and other diligence materials provided by broker or seller to inform and improve assumptions made in financial model
Manage deal closing process, including preparation of closing statements and coordination among deal participants
Prepare transition memo and work with internal teams— including Operations, Construction, and Compliance— to ensure smooth takeover/transition process and act as source of institutional knowledge regarding initial operating plans
Keep deal timelines, Acquisitions templates and DD notes updated
Assist in the preparation of tax credit applications for LIHTC deal, in coordination with local counsel and other internal teams
Assist in the preparation of HUD assignment/MU2M applications, in coordination with HUD counsel and other internal teams
Work with Capital Markets to ensure debt & equity investors have all necessary analyses and documentation
Lead efforts related to insurance coverage— engaging broker for initial quotes, coordinating amongst various deal participants to meet required levels of coverage
Manage the 5th Year Contract Rent Adjustment process for assets under management, including procurement of new RCS with desired rents, and facilitating inter-departmental coordination on implementation of new service offerings
Create and maintain stabilization analyses for relevant tax credit acquisitions, including bi-annual financial review of non-stabilized deals that have closed
Train acquisitions analysts who are helping on assigned deals when needed