Senior Development Analyst

Please note this position is open until filled; however, to ensure consideration applications should be received by Feb 10, 2025 at 4:30 p.m.

The Senior Development Analyst will be supporting the Development team in planning, organizing, and managing housing development projects. Additionally, the successful candidate will work closely with the Development team to ensure that real estate development projects are completed professionally, on time and within budget. Work may include a wide variety of tasks and responsibilities such as project accounting, procurement, reporting to lenders and investors, preparing funding applications, assisting with acquisition and financial closings, and supporting other development activities.

• Oversees project accounting for all active development projects. Assists in preparation of development budgets, tracking expenditures and reporting on budget to actual performance. Perform reconciliation on development related accounts in preparation for audits. Manages payment application process with vendors and contractors involved in development projects and interacts with KCHA's accounting department on the proper coding and payment of invoices. Coordinates construction draws for various project accounts. Prepares monthly and quarterly reports of development activities. Works closely with the Asset Management Department to coordinate the financial closeout of development projects including audits and final cost certifications.
• Works with Development and Construction teams to manage procurement processes, including assembling vendor contracts, conducting RFPs and bids, checking prospective vendors’ background, onboarding vendors, processing change orders, and closing out vendor contracts.    
• Assists with:
  • Preparation and submission of funding applications to local, county, state and federal funders;
  • Preparation of Low-Income Housing Tax Credit applications and Requests for proposals from investors;
  • Putting together complex tax-exempt bond transactions, including public offerings;
  • Responding to the due diligence requirements of lenders and investors and other activities that may be required prior to closing on financing.
• Works with Development and Asset Management teams to coordinate the feasibility studies of new property acquisitions and new development opportunities, including procurement of consulting services, scheduling of consultants and filing of reports.
• Collaborates with the asset managers throughout the development process to ensure their input is received on operating budgets, rents, scope of construction, scheduling and lease up projections. Oversees the transition from development to asset management ensuring that all necessary information is transferred to asset managers to ensure a smooth transition.
• Assists asset managers in the oversight and management of projects in KCHA's tax credit portfolio.

Required Qualifications:

• Bachelor's Degree AND
• Moderate experience with real estate finance, project accounting, real estate project management, construction procurement, or asset management OR
• An equivalent combination of experience and education that provides the necessary knowledge, skills, and abilities to perform the essential functions of this position. 

Required Knowledge, Skills and Abilities:

• Analyzes problems, identifies solutions, and implements recommendations; demonstrates critical and reflective thinking.
• Applies effective written and verbal communication techniques to convey clear and timely messages to internal and external stakeholders; listens to people's ideas and concerns.
• Ability to navigate and negotiate with internal and external department leaders, partners, and vendors to develop priorities, timelines, and relationships.
  • Promotes cooperation, collaboration, and contributes as a team member; appreciates and leverages the strengths of others to accomplish goals.
• Adapts to changing business needs, conditions, and work responsibilities; responds positively to change, embracing and using new practices or values.
• Ability to manage competing priorities, meet deadlines and track multiple projects at different stages of progress.
• Works effectively and positively with individuals of diverse cultural and socioeconomic backgrounds and educationally diverse populations; values diversity; treats others with respect.
• Proficiency with MS Office 365 (Word, Excel, PowerPoint, Outlook, Teams, etc).
  • Strong aptitude for using analytical tools such as Excel.
• Preference given to candidates with experience in accounting software such as Yardi.

Special Requirements:

• Consent to and pass a criminal records background check.

Application Requirements:  

To be considered for this opportunity, you must: 

• Complete the online application profile in its entirety. 
• Upload a cover letter that addresses how your experience and education qualifies you to perform the essential functions listed in the job announcement. (Cover Letter) 
• Upload a detailed résumé of all educational and professional experience. (Résumé)

Salary & Benefits:

The salary range for this position is $92,168.38 - $112,905.94 annually dependent on qualifications and professional experience. The complete salary range for this position is $92,168.38 - $133,643.50 annually. Performance based merit increase opportunities and COLAs are reviewed on an annual basis. A comprehensive health care benefits package for you and your dependents includes medical, dental and vision insurance, life and long-term disability insurance plans, vacation, sick and personal leave, tuition reimbursement, and retirement benefits are also available. 

Work Environment:  

Incumbent(s) must be able to meet the physical requirements of the classification and have mobility, balance, coordination, vision, hearing and dexterity levels appropriate to the functions performed. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.  

After initial onboarding, this role will have the opportunity to work remotely up to 60% in accordance with the KCHA's flexible work arrangements; however, remote work conditions will be reviewed on a regular basis based on business and program need. Employees must reside in Washington State and having the ability to report to the Central Office in Tukwila will be required. Some local travel may be required to support KCHA business needs.  

Physical Work Environment:

Incumbent(s) must be able to meet the physical requirements of the classification and have mobility, balance, coordination, vision, hearing, and dexterity levels appropriate to the functions performed. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

This work requires the occasional exertion of up to 25 pounds of force; work regularly requires using hands to finger, handle or feel and repetitive motions, frequently requires speaking or hearing and occasionally requires standing, walking, sitting, climbing or balancing, stooping, kneeling, crouching or crawling and reaching with hands and arms; work has standard vision requirements; vocal communication is required for expressing or exchanging ideas by means of the spoken word and conveying detailed or important instructions to others accurately, loudly or quickly; hearing is required to perceive information at normal spoken word levels and to receive detailed information through oral communications and/or to make fine distinctions in sound; work requires preparing and analyzing written or computer data and observing general surroundings and activities; work has no exposure to environmental conditions; work is generally in a moderately noisy location (e.g. business office, light traffic).

Equal Opportunity:

King County Housing Authority is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.  

Salary : $92,168 - $112,906