Description

Job Summary:

Under general supervision, uses specialized knowledge and skills obtained through training, education, and experience to prepare financial projections for multi-family real-estate investments qualifying for low income housing tax credits. Guidance is provided to perform varied work that is somewhat difficult in character requiring evaluation, originality and ingenuity to make moderately complex decisions, process information in a timely manner, and operate within a team environment.

Essential Duties and Responsibilities:

• Maintains financial models projecting the operating performance and net after-tax benefits of multi-family real-estate investments.
• Audits financial models prepared by others to ensure projections are accurate and consistent with current tax legislation and RJTCF’s investment guidelines.
• Analyzes variances between our models and actual operating performance observed at the properties.
• Prepares benefit projections to fulfill reporting requirements to investors in existing funds and to assist in the marketing of new funds to prospective investors.
• Prepares reporting and analysis to assist in responding to investor due diligence requests.
• Reviews third party market studies and appraisals for accuracy, considers the information included within the reports, determines reasonableness and support for conclusions reached in the reports, and communicates decisions with supporting documentation.
• Performs other duties and responsibilities as assigned.

Qualifications

Knowledge, Skills, and Abilities:

Knowledge of:

• Company’s working structure, policies, mission, and strategies.
• Fundamental concepts, principles and practices of Low Income Housing Tax Credit (LIHTC).
• Fundamental concepts, principles and practices of the real estate industry.
• Principles of banking and finance industry operations.

Skill in:

• Advanced skills in Microsoft Excel
• Reading and understanding tax returns, financial statements, operating and cost budgets, and LIHTC specific documentation
• Communicating effectively orally and in writing
• Preparing and interpreting real estate financial projections and reporting
• Utilizing database and document management software to gather varied and complex information
• Operating standard office equipment and using required software applications including Microsoft Office to produce correspondence, reports, electronic communication, and spreadsheets.

Ability to:

• Work independently as well as collaboratively within a team environment.
•  Under 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.
• Under guidance/supervision, identify required tasks, develop timelines and execute.
• Analyze data, identify issues, draw logical conclusions and interpret results for use in decision making.
• Provide accurate and high quality work product in a timely manner.
• Convey information clearly and effectively through both formal and informal documents.
• Gather data from multiple sources, review, and accurately input data into various spreadsheets or database.
• Proactively demonstrate readiness and ability to initiate action.
• Project a positive, professional image both internal and with external business contacts.
• Assume full responsibility and accountability for own actions.
• Demonstrate uncompromising adherence to ethical principles.

Educational/Previous Experience Requirements:

• Bachelor’s Degree (B.A.) in business, finance, accounting or related field and some real estate experience.
~or~
• Any equivalent combination of experience, education, and/or training approved by Human Resources.

Licenses/Certifications:

• None required.