Description
Job Summary:
Under limited supervision, uses specialized knowledge and skills obtained through experience and education to conduct deal analysis and due diligence on low income tax credit housing projects for Raymond James Tax Credit Funds (RJTCF). Limited 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:
• Reviews standard real estate documentation for consistency with RJTCF’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. In certain circumstances, may approve certain requested without direction or approval from management.
• May also conduct ESA reviews, audit financial projects, maintain master financial projects, and conduct property acquisition analysis.
• Performs other advanced 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 LIHTC.
• Fundamental concepts, principles and practices of the real estate industry.
• Principles of banking and finance industry operations.
Skill 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.
• Reading and understanding real estate and LIHTC specific documentation.
• Real estate financial projections.
• Operating standard office equipment and using required software application to produce correspondence, reports, electronic communication, and spreadsheets.
Ability to:
• Communicate effectively both oral and written.
• With limited to no guidance, 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.
• Compile data from multiple sources, review, and accurately input into various spreadsheets and database.
• With limited to no guidance, work independently as well as collaboratively within a positive team environment.
• With limited to no guidance, 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.
Educational/Previous Experience Recommendations:
• Bachelor’s Degree (B.A.) in business, finance, accounting or related field and a minimum of three (3) to five (5) years of real estate experience.
~or~
• Any equivalent combination of experience, education, and/or training approved by Human Resources.
Licenses/Certifications:
• None required.
Raymond James Guiding Behaviors
At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm’s core values of client-first, integrity, independence and a conservative, long-term view.
We expect our associates at all levels to:
• Grow professionally and inspire others to do the same
• Work with and through others to achieve desired outcomes
• Make prompt, pragmatic choices and act with the client in mind
• Take ownership and hold themselves and others accountable for delivering results that matter
• Contribute to the continuous evolution of the firm
US-FL-St. Petersburg-Saint Petersburg
