Asset Management Analyst
Asset Management Analyst
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Job Description
About The Community Builders Inc.
Join a growing organization that is strengthening neighborhoods across the nation! The Community Builders Inc. (TCB) is one of Americas leading nonprofit real estate developers and owners. Our mission is to build and sustain strong communities where people of all incomes can achieve their full potential.
Position Description:
TCBs Asset Management department is responsible for analysis and reporting on TCB real estate assets valued at approximately $1.5 billion. This role represents TCBs longterm interests with a variety of internal and external stakeholders by establishing clear goals problem solving and providing oversight to each of TCBs properties in accordance with the organizations strategic plan. The Asset Management Analyst will support a team of stabilized asset managers by providing the review and analysis of project and portfolio performance and create strategies to ensure the longterm success of TCBs affordable housing developments. The Analyst will also assume direct responsibility for a regional portfolio and will be exposed to all aspects of a propertys life cycle. This role is hybrid and reports to the Boston office 3 days per week.
Essential Functions:
- Responsible for the review of monthly financial statements and variance reports annual budgets and annual audit review;
- Measuring and managing property performance against projections and annual budgets;
- Work with asset managers to develop and update proformas that project future cash flows of operating properties.
- Responsible for monthly quarterly and annual reporting to outside stakeholders as well as responding to investor and lender requests for information and preparation of investorspecific reports;
- Reviewing and summarizing the key provisions of partnership agreements regulatory agreements and loan documents into TCBs data management system;
- Reviewing financial data imported for thirdparty managed properties into TCBs data management system;
- Assisting in determining the achievement of breakeven operations;
- Reviewing and recommending approval for replacement reserve requests and cash flow distributions;
- Performing market analyses;
- Forecasting and modeling project operations in order to identify performance deficiencies and opportunities for improvement;
- Help TCB develop systems and process to increase efficiency.
- Assisting with the preparation of annual asset management plans;
- Analyzing and modeling investor exit terms from LIHTC deals with assistance from the Director of Asset Management;
- Maintaining the integrity and quality of data in the property database;
- Monitoring and resolving property tax issues;
- Interacting with internal staff from all departments and at all levels of management and external parties (including investors lenders regulators auditors etc. to achieve property goals.
Knowledge Skills and Abilities:
- Excellent verbal and written communication skills
- Proficient with Microsoft Office Power Bi a plus.
- Familiarity with real estate the LIHTC program and other affordable housing programs
- Understanding of partnership agreements loan documents and regulatory agreements
- Ability to interpret and analyze the business terms included in legal documents and financial projections
- Strong financial and analytical and spreadsheet skills
- Ability to work collaboratively across TCB departments to achieve corporate and propertylevel goals
- Ability to communicate effectively and establish strong relationships with TCB external stakeholders including lenders investors and housing authorities
- Strong organizational and time management skills
- Ability to demonstrate flexibility in dealing with difficult propertylevel issues or organizational change
- Ability to work in a fastpaced work environment while managing conflicting priorities.
Education & Experience:
Bachelors degree required; focus in real estate finance or urban planning strongly preferred. 2 years of real estate or related financial experience; graduate degree in real estate finance or urban planning may substitute for work experience.
Benefits
- Medical dental and vision insurance
- 12 Paid Holidays & tenurebased PTO accruals
- Employer contributions to Health Savings Accounts
- Company paid Life & Disability Insurance
- 403(b) retirement plan with company match
- Taxadvantage accounts: commuter/parking medical & dependent care FSA
- Hospital & Critical Illness Insurance
- Confidential 24/7 Employee Assistance Program
The Community Builders is an equal opportunity employer.
Required Experience:
IC
Employment Type
Full Time
