Capital Markets Group Analyst

Capital Markets Group Analyst

Reports To:                                                        Chris Kelley; Manager, Project Finance 

Supervisory Responsibilities:                      None 

Job Classification:                                           Exempt

General Job Description:

The Capital Markets Group (CMG) Analyst performs a variety of financial analyses related to new construction project financing, existing project refinancing and dispositions, and on-going property operations. Primary duties include reviewing and analysis of multi-family affordable property related financial data, legal documents, and exploring financing programs available in the market to determine financing options for projects. Create and review project proformas with CMG and Acquisitions teams.   Participate along with Corporate Controller in loan conversions by reviewing property financials and development budgets compared to proforma expectations.  Other duties as needed.

The candidate should be detail oriented, able to prioritize tasks to manage deadlines, work independently, and possess skills in the areas of: financial modeling, logical reasoning, and strategic thinking.  Excellent oral and written communication skills and the ability to interact professionally with lenders, investors, brokers, project stakeholders, Executive team members, and colleagues is a must.

Essential Duties and Responsibilities:

The duties listed below are intended only as illustrations of the various types of work that could be performed. The omission of specific statements of duties does not exclude them from the position if the work is similar, related or a logical assignment to this position.

Detailed project underwriting

·         Analysis of operating statements, rent rolls, aged receivables, partnership agreements, bond documents, loan documents, and regulatory agreements

·         Develop limited partner exit strategies by obtaining broker opinion of values (BOV)

·         Recommend project financing plan for debt maturity or recapitalization of assets

·         Perform analysis for project Dispositions as needed

·         Participate in conference calls and/or Teams/Zoom meetings related to project financing, refinancing, bond redemption, etc.

·         Manage the distribution of project proforma to financial partners

Review of project financing documents

·         Review lender term sheet, investor letter of intent (LOI), third-party lender reports (ex. appraisal, property condition report, environmental), title documents, draft loan documents, escrow settlement statement, other agreements as applicable

·         Review and provide comments to legal documents

·         Prepare finance summary documentation for internal distribution

Preparation and Review of financing applications

·         Collaborate with other CMG team members in preparing financing applications, examples include: joint CDLAC/CTCAC, bond issuer, subsidy lender, and others

·         Review bond and tax credit applications for completeness and errors prior to submission

·         Remedy deficiencies in financing applications

                   ·         Review bond allocation and tax credit award letters for accuracy

Compensation: Starts at 80,000 per year, depending on expereince.

Education Requirements:

Minimum BA / BS degree in Accounting, Finance, Economics, Real Estate, Business Administration or other related field.

Experience in residential (single-family, multi-family) or commercial real estate is required. Multi-family affordable experience is desired.  

Physical Demands and other requirements, including Travel:

This is an on-site position located in Roseville, CA with the possibility to work remotely up to one day per week. Requires working for extended periods of time in front of computer screens. Travel by car, airplane, or other transportation is necessary to visit properties and attend meetings or conferences. Occasional overnight travel may be required.