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Description

Job Summary

Under general supervision, uses specialized knowledge and skills obtained through experience, specialized training, and education to conduct deal analysis and due diligence on LIHTC (Low Income Housing Tax Credits) projects for Raymond James Affordable Housing Investments (RJAHI). Substantial 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 real estate documentation for consistency with RJAHI’s requirements and property specific investment criteria.

• Respond to and facilitate requests for equity contributions during the development of affordable housing.

• Reviews documentation related to the status of construction, use of funding sources, and insurance. Record key information in proprietary database and escalate variances to internal stakeholders.

• Reviews legal documents/memorandums and performs other “due diligence” procedures in connection with the property.

• Prepare and update communications with development partners to ensure funding requirements are known and achieved.

• Initiate and maintain direct communication by phone, email, and video conference with general partners, investors, construction lenders, third party vendors, allocating agencies, and other stakeholders.

• 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 LIHTC (Low Income Housing Tax Credits).

• 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 standard 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 some 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.

• Provide accurate and high quality work product in a timely manner.

• Proactively demonstrate readiness and ability to initiate action.

• With some guidance/supervision, work independently as well as collaboratively within a positive team environment.

• Compile data from multiple sources, review, and accurately input data into various spreadsheets or database.

• With some guidance/supervision, 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 Requirements

Education/Previous Experience

• Bachelor’s Degree (B.A.) in business, finance, accounting or related field and previous real estate experience.

• OR

• Any equivalent combination of experience, education, and/or training approved by Human Resources.

Licenses/Certifications

• None required.

Job: Accounting & Finance

Primary Location: US-FL-St. Petersburg-Saint Petersburg

Organization RJ Affordable Housing Investments

Schedule Full-time

Job Shift Day Job

Travel Yes, 10 % of the Time

Req ID: 2401768