RSMs Affordable Housing Advisory Services (AHAS) practice specializes in working with multifamily real estate developers, managers and investors who leverage various government programs (LIHTC, RD, HUD, HTC, RAD, etc.) to finance the projects being developed. This practice proactively serves clients by not only providing them with traditional assurance, tax and advisory services but also by looking for new ways of getting deals done. They are always interested in new financing alternatives and ways to maximize value to the developer.
Due to the growth our AHAS practice is experiencing we are looking to add a Senior Associate to the team who has experience in:
- Preparing and/or reviewing financial projection models for 4% and 9% LIHTC transactions and applicable applications
- Reviewing LOIs, partnership agreements and other documents related to LIHTC transactions
- Assisting clients with the Due Diligence Process, purchase price allocations, closing statements, etc.
- Reviewing monthly development cost requisitions
- Preparing lease-up, cost certification, source and use statement, stabilization calculations and other reports and projections
- Assisting clients and internal teams with 10% Tests, Cost Certifications and other procedures required during development
- Assisting internal teams with coordination of projects in development to operating for first year audits
- Research and analysis of development cost, operating expense data and other development and operational information for use with underwriting
- Maintaining database of properties and ownership entities for use with underwriting, owner reports, etc.
- Assisting clients with maintaining Schedules of Real Estate Owned (REO) and Contingent Liability Schedules
- Prepare and analyze Portfolio level reports
- Preparing and/or reviewing exist strategy financial analysis
- Assisting with strategic process improvement, financial modeling and other miscellaneous projects for Federal Agency clients
- Preparing financial modeling on an ad-hoc basis
- Maintaining current operating knowledge of various federal and state programs utilized in development affordable housing
Qualifications:
- Bachelor’s Degree in real estate, accounting, finance, business, economics, or related area
- 3- 5 years of professional experience in real estate underwriting, asset management, financial analysis or development
- Familiarity with affordable housing and low-income housing tax credit (LIHTC) program strongly preferred, but not a must
- Demonstrated proficiency with Microsoft Excel and Access
- Ability to travel as needed or requested
Preferred Qualifications
- Cultivate and maintain positive, productive, and professional relationships with colleagues and clients
- Team player
- Excellent verbal and written communication skills
- Demonstrated industry knowledge and business acumen
- Highly organized with the ability to manage multiple real estate projects
You want your next step to be the right one. You’ve worked hard to get where you are today. And now you’re ready to use your unique skills, talents and personality to achieve great things. RSM is a place where you are valued as an individual, mentored as a future leader, and recognized for your accomplishments and potential. Working directly with clients, key decision makers and business owners across various industries and geographies, you’ll move quickly along the learning curve and our clients will benefit from your fresh perspective.
Experience RSM US. Experience the power of being understood.
RSM is an equal opportunity/affirmative action employer. Minorities/Females/Disabled/Veterans.
