Address
Form of workJob Summary:
Under very limited administrative direction, uses extensive knowledge and skills obtained through education and experience to determine the overall Real Estate feasibility of prospective investments in affordable multi-family Real Estate investments and manage workflow to ensure that established deadlines are met and, with the input of senior management, determine that the due diligence process was performed correctly and that the results of this process are adequately communicated. Directs the creation of feasibility reviews and reports findings to internal acquisition committee and to investor/clients. Directly responsible for a team of analysts and managers which involves training, supervision, associate performance and all personnel duties associated with the direct reports. Review all internally created documentation for accuracy, completeness, reasonableness of assumptions employed in the analysis, and concurrence with the conclusions reached by the analyst. Occasionally perform site visits to analyze market conditions to determine the viability of the investment. Present findings directly to investors. Works independently on difficult assignments that are broad in nature requiring originality and ingenuity with appreciable latitude for un-reviewed actions or decisions.
Essential Duties and Responsibilities:
• Supervises Feasibility Group. With limited input from senior management, sets goals; evaluates performance; trains and develops Analysts and Managers.
• Oversees overall workflow of the underwriting team; assigns task to analysts, sets deadlines, and monitors performance.
• Creates new Policies and Procedures for the Underwriting Group and department, subject to senior management approval.
• Develop new training materials for the Underwriting Group.
• Supervises the underwriting review process with goal of developing conclusions regarding appropriate rent levels, demand, absorption and reasonableness of budgeted operating expenses and overall viability of property.
• Manages communication flow with sales teams; is the point person on status of any prospective investment in the due diligence process.
• Sets and changes work flow priorities as needed.
• Resolves conflicts regarding workflow scheduling.
• Pre-screens all assignments for availability of data and accuracy in provided due diligence.
• Performs quality control on work product and involves senior management when necessary.
• Attends new deal meetings at ICM to understand underwriting issues for all new deals and ensures these issues are addressed in the Investment Analysis.
• Serves as a resource to all associates.
• Performs other duties and responsibilities as assigned.
Qualifications:
Knowledge, Skills, and Abilities:
Knowledge of:
• Company's working structure, policies, mission and strategies.
• Complex concepts, principles and practices of LIHTC.
• Complex concepts, principles and practices of the Real Estate finance industry, including deal structure and equity.
• Financial markets and products.
Skill in:
• Managing people
• Training using materials that are self-created.
• Real estate market analysis.
• Operating expense analysis.
• Preparing financial analysis statements of corporations and individuals.
• Creating, interpreting and applying policies and procedures.
• Operating standard office equipment and using required software application to produce correspondence, reports, electronic communication, and spreadsheets.
Ability to:
• Independently make decisions regarding very complex problems.
• Implement changes to standard reporting procedures when required by specific situations and circumstances.
• Work independently, make non-routine decisions and resolve moderately complex accounting problems.
• Direct, monitor and guide the work activity of others.
• Communicate effectively, both orally and in writing, with all organizational levels, including senior management.
• Organize, manage and track multiple detailed tasks and assignments with frequently changing priorities and deadlines in a fast-paced work environment with frequent interruptions.
• Balance conflicting resource and priority demands.
• Partner with other functional areas to accomplish objectives.
• Work independently as well as collaboratively within a team environment.
• Establish and maintain effective working relationships at all levels of the organization, including negotiating resources.
• Build effective relationships with stakeholders.
Educational/Previous Experience Requirements:
• Bachelor's Degree (B.A.) in Finance or related field and a minimum of twelve (12) years of related experience preferably in Real Estate analysis and commercial Real Estate Underwriting.
~or~
• Any equivalent combination of experience, education, and/or training approved by Human Resources.
Licenses/Certifications:
• None Required.
Raymond James Guiding Behaviors
At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.
We expect our associates at all levels to:
• Grow professionally and inspire others to do the same
• Work with and through others to achieve desired outcome
• Make prompt, pragmatic choices and act with the client in mind
• Take ownership and hold themselves and others accountable for delivering results that matter
• Contribute to the continuous evolution of the firm
Under very limited administrative direction, uses extensive knowledge and skills obtained through education and experience to determine the overall Real Estate feasibility of prospective investments in affordable multi-family Real Estate investments and manage workflow to ensure that established deadlines are met and, with the input of senior management, determine that the due diligence process was performed correctly and that the results of this process are adequately communicated. Directs the creation of feasibility reviews and reports findings to internal acquisition committee and to investor/clients. Directly responsible for a team of analysts and managers which involves training, supervision, associate performance and all personnel duties associated with the direct reports. Review all internally created documentation for accuracy, completeness, reasonableness of assumptions employed in the analysis, and concurrence with the conclusions reached by the analyst. Occasionally perform site visits to analyze market conditions to determine the viability of the investment. Present findings directly to investors. Works independently on difficult assignments that are broad in nature requiring originality and ingenuity with appreciable latitude for un-reviewed actions or decisions.
Essential Duties and Responsibilities:
• Supervises Feasibility Group. With limited input from senior management, sets goals; evaluates performance; trains and develops Analysts and Managers.
• Oversees overall workflow of the underwriting team; assigns task to analysts, sets deadlines, and monitors performance.
• Creates new Policies and Procedures for the Underwriting Group and department, subject to senior management approval.
• Develop new training materials for the Underwriting Group.
• Supervises the underwriting review process with goal of developing conclusions regarding appropriate rent levels, demand, absorption and reasonableness of budgeted operating expenses and overall viability of property.
• Manages communication flow with sales teams; is the point person on status of any prospective investment in the due diligence process.
• Sets and changes work flow priorities as needed.
• Resolves conflicts regarding workflow scheduling.
• Pre-screens all assignments for availability of data and accuracy in provided due diligence.
• Performs quality control on work product and involves senior management when necessary.
• Attends new deal meetings at ICM to understand underwriting issues for all new deals and ensures these issues are addressed in the Investment Analysis.
• Serves as a resource to all associates.
• Performs other duties and responsibilities as assigned.
Qualifications:
Knowledge, Skills, and Abilities:
Knowledge of:
• Company's working structure, policies, mission and strategies.
• Complex concepts, principles and practices of LIHTC.
• Complex concepts, principles and practices of the Real Estate finance industry, including deal structure and equity.
• Financial markets and products.
Skill in:
• Managing people
• Training using materials that are self-created.
• Real estate market analysis.
• Operating expense analysis.
• Preparing financial analysis statements of corporations and individuals.
• Creating, interpreting and applying policies and procedures.
• Operating standard office equipment and using required software application to produce correspondence, reports, electronic communication, and spreadsheets.
Ability to:
• Independently make decisions regarding very complex problems.
• Implement changes to standard reporting procedures when required by specific situations and circumstances.
• Work independently, make non-routine decisions and resolve moderately complex accounting problems.
• Direct, monitor and guide the work activity of others.
• Communicate effectively, both orally and in writing, with all organizational levels, including senior management.
• Organize, manage and track multiple detailed tasks and assignments with frequently changing priorities and deadlines in a fast-paced work environment with frequent interruptions.
• Balance conflicting resource and priority demands.
• Partner with other functional areas to accomplish objectives.
• Work independently as well as collaboratively within a team environment.
• Establish and maintain effective working relationships at all levels of the organization, including negotiating resources.
• Build effective relationships with stakeholders.
Educational/Previous Experience Requirements:
• Bachelor's Degree (B.A.) in Finance or related field and a minimum of twelve (12) years of related experience preferably in Real Estate analysis and commercial Real Estate Underwriting.
~or~
• Any equivalent combination of experience, education, and/or training approved by Human Resources.
Licenses/Certifications:
• None Required.
Raymond James Guiding Behaviors
At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.
We expect our associates at all levels to:
• Grow professionally and inspire others to do the same
• Work with and through others to achieve desired outcome
• Make prompt, pragmatic choices and act with the client in mind
• Take ownership and hold themselves and others accountable for delivering results that matter
• Contribute to the continuous evolution of the firm
