What are the responsibilities and job description for the Real Estate Financial Analyst position at CINCINNATI METROPOLITAN HOUSING AUTHORITY?
ESSENTIAL DUTIES AND RESPONSIBILITIES:
The below statements are intended to describe the general nature and scope of work being performed by this position. This is not a complete listing of all responsibilities, duties and/or skills required.
• Work with Development Analysts and Project Managers on assigned development deals to create financial models that includes placing together best financing vehicles to fund rehab or the construction of new affordable housing (development financial modeling and analysis)
• Work with development associates to resolve development and financial issues
• Create financial models to evaluate potential new development opportunities. Models include project portfolio level performance and structured finance deals
• Create financial models to evaluate property exit strategies
• Assist with variety of applications for multi-family rehab or new construction financing
• Perform market research to determine/verify a project’s rent structure and to verify operating assumptions used in the models
• Assist with due diligence (including review of contracts, preparing the budgets and proformas, working and reviewing work received from consultants and third parties) of potential acquisitions and developments
• Perform rental rate and utility allowance analysis to maximize revenue that can be utilized in financial models and be successfully underwritten
• Summarize and present findings and recommendations succinctly
• Work as financial liaison between development/construction department in setting up all the required financial notes, terms, schedules, closing entries, and covenants
• Work with contractor and other parties to cost certify projects and close deals with partners, financial institutions, and funders
• Assist and prepare Development Plans including, but not limited to:
• Preparation of Project Schedules
• Preparation of Project Proformas
• Preparation of Project Descriptions and application narratives
• Preparation of Market analysis
• Preparation of Construction Budgets
• Perform additional duties as assigned.
