What: The primary function of this position is to provide analytical and technical support to asset management. Responsibilities include:
- The Analyst will collect, input, review and analyze: marketing and leasing reports; compliance reviews; periodic and annual operating results; loan and partnership documents; undertake research projects; establish and maintain project files and databases.
- Track financial performance of assets by analyzing income statements, balance sheets and related financial reports.
- Assemble and summarize financial data and reveal underlying operational issues through financial analysis and forensic financial review.
- Collect, input and analyze construction, lease-up schedule, cost certification and 8609 executions to assure on-time delivery of first year credits and intervene when appropriate.
- Perform in-depth review and summary of partnership agreements debt documents and governmental agreements to identity key financial covenants, terms and each partner’s adherence.
- Provide technical assistance in area of project performance and related managerial reports to ensure continuous receipt of reliable information as it pertains to tax credit benefits and NEF’s ability to deliver and report those benefits to investors.
- Monitor for compliance with Section 42 (LIHTC) provisions.
- Continually assess project and partnership risk factors.
- Perform project inspections, follow up to code violations or other health and safety conditions, and determine future capital needs and their financial impact.
- Assist and support asset managers by creating financial models to assess viable negotiating options with respect to property workouts, repositioning, restructuring and dispositions.
Qualifications: The ideal candidate will have a bachelor’s degree in real estate finance, economics, business, accounting or related field. Minimum three years’ experience in asset and property management or real estate finance. Experience in or knowledge of multifamily real estate operations, including property management, marketing, leasing, budgeting, financial reporting and compliance with finance covenants or regulatory agreements.
Applicant must have strong analytical skills, proven ability to readily recognize, investigate, interpret and communicate warning signs of potential problems. Substantive experience with and technical knowledge of Section 42 is a plus.
Skill sets must include strong financial analysis, self-starter, creative problem solver, team oriented, excellent organizational skills with attention to detail, exemplary oral and written communication and proficient computer skills. Ability and willingness to travel.
NEF offers a competitive salary, along with a comprehensive benefits package. Submit resume and cover letter with salary requirements via fax to (312) 360-0804, email to rhall@nefinc.org or mail to National Equity Fund, Human Resources Department, 10 S. Riverside Plaza, Suite 1700, Chicago, IL 60606. Find the online job posting PDF here.