Transition Asset Manager

Raymond James•Saint Petersburg, FL

13d•Onsite

About The Position

Under general supervision, uses specialized knowledge and skills obtained through experience, specialized training, and education to conduct real estate investment analysis and due diligence for multifamily developments within the low income housing tax credit (LIHTC) program for Raymond James Affordable Housing Investments (RJAHI). Substantial training and guidance is provided related to the LIHTC and real estate underwriting. Individual will perform varied work requiring analysis, originality and ingenuity to make moderately complex decisions, process information in a timely manner, and operate within a team environment.

Requirements

Bachelor’s Degree (B.A.) in business, finance, accounting or related field.
Any equivalent combination of experience, education, and/or training approved by Human Resources.
General Experience - 13 months to 3 years
Ability to communicate effectively in both oral and written formats.
With some guidance/supervision, organize, manage and track multiple detailed tasks and assignments with frequently changing priorities in a fast-paced work environment to meet required results.
Provide accurate and high quality work product in a timely manner.
Proactively demonstrate readiness and ability to initiate action.
With some guidance/supervision, work independently as well as collaboratively within a positive team environment.
Compile data from multiple sources, review, and accurately input data into various spreadsheets or database
With some guidance/supervision, identify required tasks, develop timelines and execute.
Project a positive, professional image both internal and with external business contacts.
Convey information clearly and effectively through both formal and informal documents.
Identify relationships, draw logical conclusions and interpret results for use in decision making.

Nice To Haves

Fundamental concepts, principles and practice of the real estate industry or investment analysis are beneficial but not required. Substantial training will be provided in real estate investment analysis, underwriting, and LIHTC requirements.
Experience in reviewing standard real estate documentation including financial projections, loan documents, various legal memorandums, draw requests, rent rolls, property financial statements, and certificates of occupancy/building permits is beneficial but not required. Substantial training will be provided
Reading and understanding standard real estate and LIHTC specific documentation.
Experience in real estate financial projections is beneficial but not required.
Operating standard office equipment and using required software application to produce correspondence, reports, electronic communication, and spreadsheets.

Responsibilities

Reviews standard real estate documentation for consistency with RJAHI’s requirements and property specific investment criteria.
Reviews and updates financial projections to reflect actual property performance.
Reviews property financial statements, tax returns, cost certifications and low income housing tax credit (LIHTC) specific documentation.
Reviews legal documents/memorandums and performs other “due diligence” procedures in connection with the property.
Reviews, approves, and processes requests for capital contributions to property specific partnerships.
Performs other duties and responsibilities as assigned.