Greystone & Co
Greystone Affordable Development is among the largest real estate developers of affordable rental housing in the United States. Our mission is to positively impact communities by creating and preserving quality affordable housing for low wealth households. Our ultimate success is defined by helping our partners achieve their goals, while also positively affecting the communities they serve. We do this because Greystone is an outstanding organization “Where People Matter”, which is the cornerstone of all Greystone enterprises. Greystone Affordable Development (“GAD”) is a wholly owned subsidiary of Greystone & Co., Inc.
We are seeking an experienced Affordable Housing Finance Analyst to join the Finance team. This person 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 and to complete the underwriting and closing of real estate transactions, interfacing with internal and external partners, as well as tracking and reporting on the status of transactions within the pipeline. This position requires a great deal of autonomy and accountability, along with strong experience in financial analysis, low-income housing tax credits, critical thinking, problem-solving, negotiating, networking and teamwork.
This position works in close coordination with Greystone’s accounting, business development, construction, development, and executive teams located in our Raleigh, North Carolina office and will report to the Vice President of Finance.
Primary Duties and Responsibilities:
- Provide initial screening and proforma modeling of development opportunities to determine financially feasibility.
- Perform simple economic research and prepare investment metrics such as rate of return, depreciation, working capital, investment/financial/expense performance.
- Identify funding sources and utilize current financing strategies.
- Underwrite finance opportunities utilizing state qualified allocation plans and appropriate debt structures.
- Facilitate and organize varied due diligence requirements.
- Develop analyses and presentation materials needed for senior team members and Investment Committee, as well as external meetings (clients, government agencies, lenders, investors, etc.)
- Ensure departmental deadlines are met.
Experience, Skills and Abilities Required:
- Bachelor’s degree in Business, Finance, Real Estate, or equivalent from an accredited university. Master’s degree preferred but not required.
- 3-5 years of progressive professional experience with a successful track record in real estate development or low-income housing tax credit syndication, with an in-depth understanding of real estate fundamentals and transaction structuring that includes both new construction and rehabilitation of multi-family projects. Mixed-use real estate development experience preferred but not required.
- Experience in advanced multi-family real estate underwriting with tax-exempt bond financing, the Federal Housing Tax Credit (LIHTC), FHA mortgage insurance programs, as well as Agency (Fannie/Freddie). Specific USDA Rural Development loan underwriting and/or application submission experience highly desired.
- Strong financial and analytical skills, as well as advanced computer skills (Microsoft Suite).
- Strong knowledge of GIS/desktop mapping packages, SharePoint, and Google Earth.
- Ability to process information including gathering, assessing, coding, organizing, auditing, and verifying data.
- Ability to recognize and mitigate investment risks.
- Adept communicator with ability to clearly express ideas, thoughts, and concepts orally and written.
- Ability to work independently, as well in close collaboration with a team to provide solutions where needed.
- Skilled negotiator and demonstrated ability to present recommendations with varying amounts of information available.
- Excellent problem-solving skills: ability to think outside the box while staying within the guidelines.
- Excellent interpersonal and relationship-management skills 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 towards positive outcomes.
- Strong organizational, time-management, and project management skills to effectively track, report, and manage multiple projects and priorities where meeting deadlines is critical.
Credit Check: A satisfactory background check will be required as part of the selection process.
At Greystone, we believe that finding creative solutions for our clients comes from the collaboration of people with diverse backgrounds and perspectives. We strive to build an inclusive work environment that celebrates differences and empowers all individuals with opportunities to channel their entrepreneurial spirit. Greystone is an EEO employer.
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