What are the responsibilities and job description for the Affordable Housing Analyst position at Standard Property Company Inc?
THE COMPANY
Standard Communities is a leading affordable and middle-income housing owner, investor, and developer. As one of the 20 largest owners of affordable housing in the country, we believe housing is a pathway to human prosperity, and providing high-quality, sustainable homes will offer people a sense of community and the opportunity to build a better future.
Founded in 2008, Standard Communities is relentlessly focused on growth. We have completed more than $5 billion in housing transactions with a portfolio that spans 21 states and includes nearly 27,000 units across 180 communities. As a Certified B Corporation and a California Benefit Corporation, we are socially conscious entrepreneurs that value high performance, corporate responsibility, and innovation.
Through our public-private partnerships we create jobs, build the tax base, and enhance housing security and economic opportunities for our residents. Our creativity and scale enable us to deploy capital that generates meaningful change in neighborhoods across the country—creating value for residents, cities, and investors.
Standard Communities is headquartered in Los Angeles and New York City with regional offices in Washington, D.C., Chicago, Charleston, Miami, and Orange County, CA. With nationwide expertise and a local presence, our team comes from a wide variety of backgrounds and disciplines that bring deep experience, innovation, and results-driven collaboration to every relationship and interaction. This is just another way we live up to our high standards of serving communities. We are aligned in our commitment to make a positive change that will lead to transformational growth for the housing industry and the opportunity for success and fulfillment for our employees.
We believe in fostering a work environment where you can bring your whole self to work every day. Our people, their commitment to our mission, and our culture make Standard Communities a Great Place to Work® year after year. Ready to make a difference? We are looking for curious, ambitious self-leaders to join our fast-moving, forward focused team.
THE POSITION
The Analyst is responsible for a wide range of tasks/responsibilities including but not limited to; downloading and summarizing offering memorandums and related deal offering materials, including rent rolls, rent comparables and historical income statements; third party coordination including summarizing, organizing and disseminating due diligence reports, responding to lender and investor due diligence requests and assisting with state, federal or other agency/lender submission packages; assisting with construction funding procedures
What You Can Expect to Do
Financial Analysis:
Provide support for financial analysis and underwriting of potential acquisition and development opportunities utilizing Excel.
Construction Funding Process:
Track capital expenditures and life of construction projects as it pertains to lender and investor funding requirements. Use Excel and other platforms to maintain records and reconcile sources & uses information required by lenders and investors. Manage requests for documentation and coordinate with all parties involved in the funding process.
Due Diligence Coordination / Transaction Execution:
Assist in due diligence, coordination of 3rd party vendors, interfacing with lenders and government agencies, preparation of closing statements etc. Assist in managing deal trackers and due diligence platforms.
What You Should Have
- Strong Excel modeling and quantitative skills
- Excellent verbal and written communication, organizational, presentation and analytical skills
- Ability to take ownership and commitment to follow through
- Ability to effectively prioritize and handle multiple tasks under pressure
- Strong work ethic and attention to detail
- Desire to work in a fast-paced, entrepreneurial environment
- 1-3 years of relevant work experience in financial analysis – previous employment at a principal real estate, real estate development, real estate investment or commercial banking firm preferred
- Previous accounting experience a plus
- Bachelor’s Degree – Finance, Accounting, Economics or Real Estate Concentration is a plus
- High Proficiency in Microsoft Excel required
What You Should Be
- “Making the call’: Strong problem solving, investigating, and critical judgment skills for all proposed scopes of work
- Strong understanding of budgets and reviewing financial statements
- Must be a proactive, detail-oriented person with excellent analytical skills
- Independent, self-starter mentality, with exceptional communication and organizational skills
- Eager to work in a fast-paced entrepreneurial environment
- Ambitious, desire to grow
- Highly accountable: able to take ownership, meet deadlines, follow-through
- Highly motivated self-starter and independent worker
- Proven ability to excel in a fast-paced environment with multiple projects and deadlines.
- Acknowledges and learns from mistakes and challenges
- Outstanding written and oral communications skills
- Able to work collaboratively in a small team environment; can “roll up his/her sleeves” and pitch in where necessary within the organization
- Ready to work in a fast-paced environment and be part of an amazing team doing valuable work
At this time, Standard Communities will not sponsor a new applicant for employment authorization for this position.
Standard Communities is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. All employment is decided on the basis of qualifications, merit, and business need.