What are the responsibilities and job description for the Development Finance Manager position at Lone Pine Associates Inc?
Lone Pine Associates Inc is seeking a Development Finance Manager to join the Chrisman Development, Inc team. This position provides economic analysis in the acquisition, rehabilitation, capitalization, and stabilization of affordable multifamily developments and related activities which requires them to be extremely detail-oriented, organized, and process-oriented as an integral part of the Development Team. This position interfaces with Development Project Managers, construction managers, contractors, real estate owners/managers, lenders, attorneys, investors and other partners so excellent oral and written communication skills and strong interpersonal abilities are a must.
**Lone Pine Associates Inc is the employing entity for Chrisman Development, Inc team members. Learn more about Chrisman Development's long history as a leader in the development of affordable multifamily housing projects at our website, www.chrismandm.com.**
Location: Enterprise, OR corporate office or Boise, ID satellite office
Compensation: starts at $70,000.00 annually DOE
Benefits include:
- Health insurance - two plan options, employee dependent coverage 100% employer-paid
- Dental insurance - employee dependent coverage 100% employer-paid
- Vision insurance - employee dependent coverage 100% employer-paid
- Critical Illness insurance
- Short Term Disability insurance
- Accident insurance
- Hospital insurance
- $35,000 employer-paid Life insurance plus the option to purchase additional coverage
- Employer-paid Life Flight Membership
- MetLife Pet Insurance
- Aflac
- FSA and Dependent Care FSA or HSA with employer contribution (dependent upon medical plan)
- 401k with 4% employer match
- Paid Time Off (PTO) - accrued at 10 hours/month for 40 hour/week employees
- 15 paid holidays per year, including two four-day weekends and your birthday
- Paid bereavement leave
- Paid volunteer days
- Employee Assistance Program
Key Responsibilities
- Create and maintain complex financial models in Excel of multifamily development projects
- Collect and integrate project data, including construction cash flow requirements, operating income and expense projections, and financing assumptions for project pro formas
- Conduct due diligence activities for development projects including the research and analysis of a variety of market factors that may influence the viability of a potential development project
- Arrange a variety of 3rd party reports such as market studies, appraisals, property tax analysis, etc.
- Create and update project budgets and schedules and report on variances and critical decision points
- Oversee and review construction draws and predevelopment costs
- Prepare closing statements and entries for real estate purchase and/or sale transactions.
- Coordinate delivery of 1st year tax return and audits within established timeframes
Desired Qualifications
- Bachelor’s degree in accounting, finance, real estate, economics or related field or equivalent combination of education and relevant professional experience; or, a minimum of an Associate degree within 18 months of hire and/or a Bachelor’s degree within 36 months of hire
- Excel modeling experience (multifamily modeling a plus)
- Understanding of projections, budgets, real estate research, construction scheduling
- Ability to read, analyze, and interpret due diligence reports, construction plans, leases, legal documents, financial documents, and government regulations
- Excellent oral and written communication skills
- Exercise independent judgment and care in decision making process
- Energy and commitment to work in dynamic and collaborative environment
- Valid driver’s license, reliable transportation, and the ability to travel as needed.
Salary : $70,000