What: The Project Coordinator will be expected to handle many aspects of several projects working in a project team and will work with projects during the initial feasibility state, pre-development/funding, closing stage, and construction, as well as through the 8609/stabilized operations.
While the work is highly varied and difficult to predict on a day to day basis, the general work includes:
- Application Processing
- Estimating scoring for potential projects
- Completing all basic items for funding applications and funding-related submissions (such as maps, photos, basic research, team forms, operating and property tax comparisons, and narratives)
- Coordinate a variety of background information, diligence and anything needed to support the completion of funding applications
- Completing loan and grand documentation (tax credits, FHLB AHP, pre-development loans, DCEO, Project-based vouchers, Class 9)
- Identifying and reviewing redevelopment plans for specified information; completing worksheet entering in critical information
- Researching census and other data and presenting results in a helpful way that improves understanding
- Creating charts that show layers of ownership structures
- Project Underwriting
- Assisting Project Managers on a wide range of projects
- Due diligence related to determining various costs for a variety of development and operations costs
- Review architectural plans for compliance with lender requirements
- Review GC budgets for compliance with project budgets and lender requirements
- Solicit and review proposals for third party reports (market studies, environmental, capital needs)
- Reviewing and completing a variety of property management documents
- Assistance with a variety of project tasks as needed – may include site visits, coordination of applications or other tasks on an as-needed basis
- Entering financial data for equity and lender offers to complete comparison
- Coordinating documentation with property managers, architects, general contractors and other team members
- Closing and Draw Processing
- Manage due diligence calls
- Track contact information for team members
- Coordinate distribution of documents between lenders, syndicators, and public entities to close projects
- Coordinate insurance requirements, complete synopsis, and obtain quotes
- Complete Owner Sworn Statements (these documents track all expenses on a project and includes collating invoices, payments, and other diligence related to – coordinating submissions with clients, title companies, and vendors – both at initial closing and throughout the construction period if needed
- Coordinate / communicate payments through the title company with all vendors as needed
- Review construction reports and follow up on issues as relevant
- Coordinate/ manage the post-closing activities, such as capital installments requirements, cost certifications, 8609 documentation, lender progress and close-out reports
- Expectations include
- Intensive professional communication (verbal and written) with Lightengale Group managers, clients and funders
- Ask questions and continuous desire to learn and improve
- Ability to prioritize, communicate challenges, and discuss options internally
- Utilization of LGG filing standards for all electronic files
- Focus on problem-identification and proactive problem-solving
- Use of Project Management software to track deal progress and tasks
Qualifications: Lightengale Group often takes on new and varied projects and works in a team environment. These present challenges and demand creativity and flexibility from everyone. The successful candidate will look at such challenges as an exciting opportunity. This requires that the candidate communicate well and frequently, work independently, and know how to delegate effectively. Additional qualifications include:
- Bachelor’s degree
- At least 2 years real estate finance experience or master’s degree in relevant field
- Excellent math skills
- Very good writing skills
- Generally, computer savvy, including MS Excel and Word
- Successful track record of completing complex tasks on deadline
Benefits: Salary DOQ – starting range of $40,000 to $45,000 plus project-specific bonuses.
- Generous paid time off (vacation/ sick / etc)
- 8 paid holidays
- High deductible insurance plan with cash payments toward deductible (HSA)
- Short and long term disability insurance
- Employer-sponsored 401k plan with employer contributions
- Monday staff lunches
- On-site workout facility and bike room provided at no charge
- Varied and frequent training opportunities.
Send cover letter detailing how this position fits in your career plans and resume to keri.overman@taylorgroupinsurance.com. No phone calls or walk-ins, please.