Related Companies
Analyst/Associate, Affordable Acquisitions
Related Companies, Pasadena, California, United States, 91122
Overview
Related Affordable leads the company’s efforts to preserve and improve the nation’s affordable housing stock. Formed in 1972, Related is a privately-owned real estate firm headquartered in New York City with offices and major developments worldwide. Related owns and manages a premier portfolio of assets valued at over $70 billion, including the 28-acre Hudson Yards neighborhood on Manhattan’s West Side. Related believes in investing in its talent and cultivating a positive, team-oriented environment where every voice is valued. Related is an equal opportunity employer and is deliberate about the team and culture we are building. Learn more about Related at www.related.com. Learn more about Related Affordable at www.related.com/affordable-housing. For information about how we use your personal information, including information submitted for career opportunities, please review our Privacy Policy at www.related.com/privacy-policy. Responsibilities
Support the Deal Team Leader in all aspects of affordable housing acquisitions, financing, and development. Complete financial modeling and facilitate presentations with a focus on property valuation using a range of capital structures and financing tools unique to affordable housing. Compile and review due diligence information including financial, market, demographic, site, federal, and state regulatory data. Validate and defend budgets, assumptions, and pro-forma analysis, including the identification of challenges inherent to a given project. Communicate with investors, lenders, brokers, property managers, and industry consultants. Draft and complete applications and documentation necessary for debt and equity financing, property purchase and sale, government subsidies, and rental contract maintenance. Engage in community and resident outreach initiatives to tailor property improvements and services to meet the needs of neighborhoods and residents. Engage with internal Deal, Construction, Community Engagement, and Portfolio, Asset, and Property Management teams to ensure holistic measures of success are executed in each deal. Manage workflow and task completion across various teams and departments. Lead select internal presentations to Senior Related Affordable Leadership. Competencies
Demonstrates an ability to project manage key components of deal or project, spanning from initiation to completion. Demonstrates strong problem-solving skills, identifying the root causes of issues, and leveraging prior experience and education to derive creative and impactful solutions. Communicates effectively with a demonstrated ability to maintain strong relationships with diverse stakeholders, including internal leaders and colleagues, investors, lenders, local communities, and government agencies. Exceptional financial modeling skills. Well-developed and adaptable writing skills. Exceptional time management, organizational, and prioritization skills, with acute attention to detail; capable of excelling in a fast-paced environment while managing multiple projects and priorities. Entrepreneurial mindset, contributing new insights and perspectives that may lead to innovative ideas and approaches. Demonstrates a high level of receptivity to feedback and instructions, integrating takeaways into future work products. Compensation
The anticipated base salary range for this position is listed below. In addition to a competitive base salary, you will be eligible to receive discretionary bonus incentives and a comprehensive benefits package. Anticipated base salary range: $100,000 - $150,000 Actual base salary within the anticipated range will be determined by several components including the individual's experience, skills, qualifications, and market factors. Education and Experience
A Bachelor’s degree required; MBA, Master of Public Policy or MRED 2 - 5 years of professional experience, preferably in a banking or real estate environment, or equivalent coursework.
Ideal candidate will have experience with LIHTC and/or affordable housing finance
Adept at financial analysis with robust quantitative and modeling skills. Proficient in the standard suite of office applications and advanced proficiency in Microsoft Excel. An understanding of the principles of finance and accounting. Travel/Physical Requirements
Flexibility to travel and work outside standard business hours as needed
#J-18808-Ljbffr
Related Affordable leads the company’s efforts to preserve and improve the nation’s affordable housing stock. Formed in 1972, Related is a privately-owned real estate firm headquartered in New York City with offices and major developments worldwide. Related owns and manages a premier portfolio of assets valued at over $70 billion, including the 28-acre Hudson Yards neighborhood on Manhattan’s West Side. Related believes in investing in its talent and cultivating a positive, team-oriented environment where every voice is valued. Related is an equal opportunity employer and is deliberate about the team and culture we are building. Learn more about Related at www.related.com. Learn more about Related Affordable at www.related.com/affordable-housing. For information about how we use your personal information, including information submitted for career opportunities, please review our Privacy Policy at www.related.com/privacy-policy. Responsibilities
Support the Deal Team Leader in all aspects of affordable housing acquisitions, financing, and development. Complete financial modeling and facilitate presentations with a focus on property valuation using a range of capital structures and financing tools unique to affordable housing. Compile and review due diligence information including financial, market, demographic, site, federal, and state regulatory data. Validate and defend budgets, assumptions, and pro-forma analysis, including the identification of challenges inherent to a given project. Communicate with investors, lenders, brokers, property managers, and industry consultants. Draft and complete applications and documentation necessary for debt and equity financing, property purchase and sale, government subsidies, and rental contract maintenance. Engage in community and resident outreach initiatives to tailor property improvements and services to meet the needs of neighborhoods and residents. Engage with internal Deal, Construction, Community Engagement, and Portfolio, Asset, and Property Management teams to ensure holistic measures of success are executed in each deal. Manage workflow and task completion across various teams and departments. Lead select internal presentations to Senior Related Affordable Leadership. Competencies
Demonstrates an ability to project manage key components of deal or project, spanning from initiation to completion. Demonstrates strong problem-solving skills, identifying the root causes of issues, and leveraging prior experience and education to derive creative and impactful solutions. Communicates effectively with a demonstrated ability to maintain strong relationships with diverse stakeholders, including internal leaders and colleagues, investors, lenders, local communities, and government agencies. Exceptional financial modeling skills. Well-developed and adaptable writing skills. Exceptional time management, organizational, and prioritization skills, with acute attention to detail; capable of excelling in a fast-paced environment while managing multiple projects and priorities. Entrepreneurial mindset, contributing new insights and perspectives that may lead to innovative ideas and approaches. Demonstrates a high level of receptivity to feedback and instructions, integrating takeaways into future work products. Compensation
The anticipated base salary range for this position is listed below. In addition to a competitive base salary, you will be eligible to receive discretionary bonus incentives and a comprehensive benefits package. Anticipated base salary range: $100,000 - $150,000 Actual base salary within the anticipated range will be determined by several components including the individual's experience, skills, qualifications, and market factors. Education and Experience
A Bachelor’s degree required; MBA, Master of Public Policy or MRED 2 - 5 years of professional experience, preferably in a banking or real estate environment, or equivalent coursework.
Ideal candidate will have experience with LIHTC and/or affordable housing finance
Adept at financial analysis with robust quantitative and modeling skills. Proficient in the standard suite of office applications and advanced proficiency in Microsoft Excel. An understanding of the principles of finance and accounting. Travel/Physical Requirements
Flexibility to travel and work outside standard business hours as needed
#J-18808-Ljbffr