Development Associate - Tax Credit: TWG Central Office

Description

JOB TITLE: Development Associate, Tax Credit

REPORTS TO: Vice President of Tax Credit Development

OFFICE LOCATION: TWG Central Office - Indianapolis, IN

RESPONSIBLE FOR: Eastern Region   

Who is TWG? 

Founded in 2007 and headquartered in Indianapolis, IN TWG is a fully integrated real estate development company specializing in commercial, market rate, affordable and senior housing developments across the country. TWG is made up of three divisions: Development, Construction, and Property Management. We manage more than 10,000 units in 18 states. TWG is built around one core philosophy: Together, We Grow. 

Why you will be PROUD to Join TWG? 

You will be joining a team dedicated to achieving our core mission of providing quality housing for all. We are seeking talented Development Professionals who are interested in growing their career and helping us drive our mission forward. In return, we offer competitive salaries, career advancement opportunities and a complete benefits package.

We can’t grow without you! 

Our team members are our greatest strength. We invest in our employees, so you have an opportunity to grow your career with us. If you are tenacious, honest, forward thinking, and believe we are strongest when we work together then TWG is the place for you! 

PURPOSE 

Support Development Directors in sourcing new tax credit opportunities through various tax credit due diligence and state and local agency coordination. Review new opportunities brought by Development Directors, lead tax credit application efforts, compile necessary documentation and narratives, coordinate 3rd party reports, and provide project leadership amongst various TWG departments. Once receiving necessary state and local approvals, support the successful handoff of the project to the design, budget, entitlement, and permit Development Managers. 

DUTIES & RESPONSIBILITIES  

• Research state agency qualified allocation plans and various tax credit applications
• Oversee project due diligence and coordinate 3rd party reports required for tax credit applications, potential reports including physical site condition assessments, environmental assessments, legal zoning determinations, utility lookups, market studies, appraisals, surveys, and geotechnical reports. 
• Engage in communication with local, state, and federal agencies as appropriate to assure project adheres to all standards and guidelines established. 
• Oversee and drive the application process to ensure the Investment Committee approved project is in conformance with the budget, schedule and guidelines outlined by the Development Director
• Ensure deadlines and approvals are achieved, and issue spot throughout application process. 
• Assist in interviewing and selection of 3rd party consultants, and execution of development contracts. 
• Conduct ad hoc research, meetings and updates with consultants and internal teams. 
• Coordinate with Development Director(s) the approved design commitments made to financial partners, local municipalities, neighborhoods, and design guidelines to achieve. 
• Facilitate the production of various work product such as site plans, renderings, 3rd party reports, narratives, project commitments, and final submittals.  
• Responsible for securing tax credit application approvals by confirming all required documentation is properly submitted and all post-award items are successfully turned over to other members of the Development team for follow through
• Provide efficient turnover of project details, plans, updates, and all project files to various TWG functions at tax credit award of project, including Development Managers, Development Analysts, Management, and Accounting 
• Ability to review financial underwriting of deals and compare financial data to commitments made and consider financial impacts
• Track tasks and development projects in Dealpath
• Attend relevant conferences, networking events, and learning opportunities to help succeed at analyst role.
• Provide weekly updates on projects to Vice President of Tax Credit of Development and participate in team-wide updates and idea sharing

Requirements

• Bachelor’s degree (BA/BS) in Finance, Real Estate, Urban Planning, Engineering, Construction or Architecture related field desired
• 0-2 years’ experience in real estate development industry, preferably within multifamily (including market rate, senior, affordable, or mixed-income housing)
• Desire to support Development Directors in sourcing new tax credit development opportunities and leading the coordination of various due diligence items to make proposed projects a reality
• Familiarity or desire to learn state agency application processes across multiple states for tax credit project approvals, and ability to finalize and submit tax credit applications
• Ability to coordinate the sharing and compilation of project information within multiple roles in Development and coordination with various TWG companies such as Construction and Management
• Lead communication and various required tasks with state agencies, local municipalities, and various 3rd party consultants
• General understanding or desire to understand permitting processes, and knowledge of working with municipal planning departments, building departments, utility companies, and other various municipal functions
• Familiarity with tax credit development, preferred but not required
• Competency in Microsoft Office products, file share sites, and various document tracking applications
• Ability to work independently and in team settings
• Ability to provide consistent reporting in written and verbal form
• Able to adapt to changing deal structures across various deal types in a fast-paced environment
• Displays initiative and strong sense of personal motivation
• Displays analytical and proactive problem-solving ability, and ability to think multiple steps ahead
• Strong and effective organization, communication, and coordination skills
• Work and support projects and the development process at all levels
• Promote a sense of teamwork within each project
• Light travel may be required occasionally as specific projects require

Disclaimer: TWG participates in the federal government’s E-Verify program, which confirms employment authorization of all newly hired employees and most existing employees through an electronic database maintained by the Social Security Administration and Department of Homeland Security. For new hires, the E-Verify process is completed in conjunction with the Form I-9 Employment Eligibility Verification on or before the first day of work. E-Verify is not used as a tool to pre-screen candidates. For up-to-date information on E-Verify, go to www.uscis.gov and click on 'E-Verify' located near the bottom of the page.