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Affordable Housing Business Analyst

Salary
Competitive
Employment
Full Time
Real Estate Field
Location
Raleigh
 NC
Postal Code
27607
Country
United States

This job is no longer active.

Description


Greystone Affordable Development is a wholly owned subsidiary of Greystone & Co., Inc. that focuses primarily on the development, recapitalization and rehabilitation of affordable housing properties throughout the U.S.  Greystone is dedicated to sustaining and expanding affordable housing by assisting both for-profit and non-profit owners, operators, and developers navigate the complexities and challenges associated with the development and preservation of their portfolios through strategic acquisition, disposition, rehabilitation and construction of certain affordable housing assets.

 

Our fast-growing organization is currently seeking an Affordable Housing Business Analyst to join the expanding Business Development team and will be an integral part of the growth and development of Greystone’s Affordable Housing business.  The successful candidate will support the execution of the Company’s multi-family affordable development platform (new construction, rehabilitation and mixed-use) by performing financial analyses of development opportunities, preparing appropriate documents to facilitate the underwriting and closing of real estate transactions, interfacing with internal and external partners, and tracking and reporting on the status of multifamily transactions within the pipeline. Candidates must be a high-energy, results oriented professional with demonstrable knowledge of the affordable housing industry.  Candidates need to demonstrate an ability to successfully handle multiple projects and work under pressure of strict deadlines.  This position requires a great deal of autonomy and accountability, along with strong experience in financial analysis, critical thinking, problem solving, negotiating, networking and teamwork. 

 

This position works in close coordination with Greystone’s development, finance, construction, accounting, and executive teams located in our Raleigh, North Carolina office.    
  

Principal Duties and Responsibilities
  • Perform initial screening and financial modeling of development opportunities to determine if they fit with defined strategic business objectives and investment criteria
  • Organize and facilitate due diligence of affordable multifamily assets for new development opportunities
  • Develop analyses and presentation materials needed for senior team members and Investment Review Committee
  • Assist the team with external client meetings, as well as all government agencies and pertinent officials as may be needed
  • Manage business development pipeline
  • Ensure departmental deadlines are met
Experience, Skills and Abilities Required
  • BS/BA degree in Finance, Real Estate or equivalent from an accredited university.  Master’s degree preferred but not required
  • Minimum 2 - 5 years of professional experience with successful track record in real estate development, with an understanding of real estate fundamentals and transaction structuring experience that includes both new construction and rehabilitation multi-family projects
  • Experience in advanced real estate underwriting with tax-exempt bond financing, the Federal Housing Tax Credit (LIHTC), FHA mortgage insurance programs, as well as Agency (Fannie/Freddie) and USDA financing preferred
  • Mixed-use real estate development experience preferred but not required
  • Strong financial and analytical skills, as well as advanced computer skills (Microsoft Excel, Word and PowerPoint)
  • Strong knowledge of GIS/desktop mapping packages, SharePoint, and Google Earth desired
  • Ability to process information including gathering, assessing, coding, organizing, auditing and verifying data
  • Ability to recognize and mitigate investment risks in affordable housing transactions
  • Strong communication skills with ability to clearly express ideas, thoughts and concepts verbally and in writing
  • Ability to work in close collaboration with a team to provide solutions where needed, as well as independently
  • Strong negotiation skills and demonstrated skill in presenting recommendations with varying amounts of information available
  • Excellent problem-solving skills; ability to think outside the box while staying within the guidelines
  • Ability to maintain big picture focus while attending to detailed work and providing thorough documentation
  • Excellent interpersonal and relationship-management skills in order to establish, cultivate, and maintain productive relationships with brokers, institutional and equity partners, owners, lenders, and the variety of potential clients
  • Must be resourceful, flexible and maintain the ability to react and respond quickly
  • Strong organizational, time-management, and project management skills in order to effectively track, report, and manage multiple projects and priorities where meeting deadlines is critical
  • Flourishes in a fast paced, entrepreneurial environment
  • Strong personal standards and values in line Greystone’s culture (ethics, integrity, commitment, and dedication)

Credit Check:  A satisfactory background check will be required as part of the selection process.

 

 

Job Sector


 

Experience


2+ to 5 years


This job is no longer active.

Acquisitions Residential Raleigh Full Time NC Acquisitions, Development, Underwriting Analyst other