King County Housing Authority
600 Andover Park West, Tukwila, WA, USA
Job Summary- Senior Development Analyst
This position is open until filled; however, to ensure consideration applications should be submitted by January 3, 2020 at 4:30 p.m. The Senior Development Analyst will be supporting the Development and Asset Management teams in planning, organizing, and managing housing development projects. Additionally, the successful candidate will work closely with the Development Director to ensure that real estate development projects are completed professionally, on time and within budget. Work may include a wide variety of tasks and responsibilities such as project accounting, reporting to lenders and investors, preparing funding applications, assisting with acquisition and financial closings, overseeing the transition from development into directing real estate transactions, and coordinating feasibility studies for future development projects. King County Housing Authority (KCHA), an independent municipal organization is a high performing nationally recognized leader in affordable housing. To learn more about KCHA and our Mission visit this link .
Essential Functions
Oversees project accounting for all active development projects. Assists in preparation of development budgets, tracking expenditures and reporting on budget to actual performance. Manages payment application process with vendors and contractors involved in development projects and interacts with KCHA's accounting department on the proper coding and payment of invoices. Prepares monthly and quarterly reports of development activities. Works closely with the Asset Management Department to coordinate the financial closeout of development projects including audits and final cost certifications.
Assists with:
Preparation and submission of funding applications to local, county, state and federal funders;
Preparation of Low-Income Housing Tax Credit applications and Requests for proposals from investors;
Putting together complex tax-exempt bond transactions, including public offerings;
Responding to the due diligence requirements of lenders and investors and other activities that may be required prior to closing on financing.
Works with Development and Asset Management teams to coordinate the feasibility studies of new property acquisitions and new development opportunities, including procurement of consulting services, scheduling of consultants and filing of reports.
Collaborates with the asset managers throughout the development process to insure their input is received on operating budgets, rents, scope of construction, scheduling and lease up projections. Oversees the transition from development to asset management ensuring that all necessary information is transferred to asset managers to ensure a smooth transition.
Assists asset managers in the oversight and management of projects in KCHA's tax credit portfolio.
Required Qualifications:
Qualifications and Competencies
Bachelor's Degree AND
Three years of experience with real estate finance, project accounting, project management, contract administration, OR
An equivalent combination of experience and education that provides the necessary knowledge, skills, and abilities to perform the essential functions of this position.
Required Knowledge, Skills and Abilities:
Analyzes problems, identifies alternative solutions, and implements recommendations; demonstrates critical, creative, and reflective thinking.
Applies effective written and verbal communication techniques to convey clear and timely messages to internal and external stakeholders; listens to people's ideas and concerns.
Ability to navigate and negotiate with internal and external department leaders, partners, and vendors to develop priorities, timelines, and relationships.
Adapts to changing business needs, conditions, and work responsibilities; responds positively to change, embracing and using new practices or values.
Work effectively and positively with individuals of diverse cultural and socioeconomic backgrounds and educationally diverse populations; values diversity; treats others with respect.
Proficiency with MS Office to include Word and Outlook.
Strong aptitude for using analytical tools such as Excel.
Promotes cooperation, collaboration, and contributes as a team member; appreciates and leverages the strengths of others to accomplish goals.
Special Requirements:
Consent to and pass a criminal records background check.
Application Requirements: To be considered for this opportunity, you must:
Position Information and Application Process
Complete the online application profile in its entirety.
Upload a cover letter that addresses how your experience and education qualifies you to perform the essential functions listed in the job announcement. (Cover Letter)
Upload a detailed résumé of all educational and professional experience. (Résumé)
Salary & Benefits: The starting salary range of this position is $64,929.72 - 75,886.61 annually. A comprehensive health care benefits package for you and your dependents includes medical, dental and vision insurance, life and long-term disability insurance plans, vacation, sick and personal leave, reduced tuition, and retirement benefits are also available.
Physical Work Environment: Incumbent(s) must be able to meet the physical requirements of the classification and have mobility, balance, coordination, vision, hearing and dexterity levels appropriate to the functions performed. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Work is performed primarily in an office environment with occasional travel to meetings. The incumbent frequently uses standard office equipment including personal computers, telephone and related equipment and may drive a vehicle on Authority business.
Equal Opportunity: King County Housing Authority is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status.
Job Summary- Senior Development Analyst
This position is open until filled; however, to ensure consideration applications should be submitted by January 3, 2020 at 4:30 p.m. The Senior Development Analyst will be supporting the Development and Asset Management teams in planning, organizing, and managing housing development projects. Additionally, the successful candidate will work closely with the Development Director to ensure that real estate development projects are completed professionally, on time and within budget. Work may include a wide variety of tasks and responsibilities such as project accounting, reporting to lenders and investors, preparing funding applications, assisting with acquisition and financial closings, overseeing the transition from development into directing real estate transactions, and coordinating feasibility studies for future development projects. King County Housing Authority (KCHA), an independent municipal organization is a high performing nationally recognized leader in affordable housing. To learn more about KCHA and our Mission visit this link .
Essential Functions
Oversees project accounting for all active development projects. Assists in preparation of development budgets, tracking expenditures and reporting on budget to actual performance. Manages payment application process with vendors and contractors involved in development projects and interacts with KCHA's accounting department on the proper coding and payment of invoices. Prepares monthly and quarterly reports of development activities. Works closely with the Asset Management Department to coordinate the financial closeout of development projects including audits and final cost certifications.
Assists with:
Preparation and submission of funding applications to local, county, state and federal funders;
Preparation of Low-Income Housing Tax Credit applications and Requests for proposals from investors;
Putting together complex tax-exempt bond transactions, including public offerings;
Responding to the due diligence requirements of lenders and investors and other activities that may be required prior to closing on financing.
Works with Development and Asset Management teams to coordinate the feasibility studies of new property acquisitions and new development opportunities, including procurement of consulting services, scheduling of consultants and filing of reports.
Collaborates with the asset managers throughout the development process to insure their input is received on operating budgets, rents, scope of construction, scheduling and lease up projections. Oversees the transition from development to asset management ensuring that all necessary information is transferred to asset managers to ensure a smooth transition.
Assists asset managers in the oversight and management of projects in KCHA's tax credit portfolio.
Required Qualifications:
Qualifications and Competencies
Bachelor's Degree AND
Three years of experience with real estate finance, project accounting, project management, contract administration, OR
An equivalent combination of experience and education that provides the necessary knowledge, skills, and abilities to perform the essential functions of this position.
Required Knowledge, Skills and Abilities:
Analyzes problems, identifies alternative solutions, and implements recommendations; demonstrates critical, creative, and reflective thinking.
Applies effective written and verbal communication techniques to convey clear and timely messages to internal and external stakeholders; listens to people's ideas and concerns.
Ability to navigate and negotiate with internal and external department leaders, partners, and vendors to develop priorities, timelines, and relationships.
Adapts to changing business needs, conditions, and work responsibilities; responds positively to change, embracing and using new practices or values.
Work effectively and positively with individuals of diverse cultural and socioeconomic backgrounds and educationally diverse populations; values diversity; treats others with respect.
Proficiency with MS Office to include Word and Outlook.
Strong aptitude for using analytical tools such as Excel.
Promotes cooperation, collaboration, and contributes as a team member; appreciates and leverages the strengths of others to accomplish goals.
Special Requirements:
Consent to and pass a criminal records background check.
Application Requirements: To be considered for this opportunity, you must:
Position Information and Application Process
Complete the online application profile in its entirety.
Upload a cover letter that addresses how your experience and education qualifies you to perform the essential functions listed in the job announcement. (Cover Letter)
Upload a detailed résumé of all educational and professional experience. (Résumé)
Salary & Benefits: The starting salary range of this position is $64,929.72 - 75,886.61 annually. A comprehensive health care benefits package for you and your dependents includes medical, dental and vision insurance, life and long-term disability insurance plans, vacation, sick and personal leave, reduced tuition, and retirement benefits are also available.
Physical Work Environment: Incumbent(s) must be able to meet the physical requirements of the classification and have mobility, balance, coordination, vision, hearing and dexterity levels appropriate to the functions performed. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Work is performed primarily in an office environment with occasional travel to meetings. The incumbent frequently uses standard office equipment including personal computers, telephone and related equipment and may drive a vehicle on Authority business.
Equal Opportunity: King County Housing Authority is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status.
Bellwether Housing
Seattle, WA, USA
The Senior Asset Manager is part of the Accounting and Finance Department and collaborates closely with the Property Management and Real Estate Development departments to ensure the long-term financial sustainability of our diverse portfolio of multi-family, affordable housing developments. The Senior Asset Manager will track the financial performance of each asset and provide reports to other departments to inform key property management, development and re-capitalization decisions. The Senior Asset Manager will also be responsible for ongoing reporting to lenders and equity investors with respect to various financial metrics of each asset. This position supervises the Asset Management staff and provides oversight on the following responsibilities:
Financial Analysis and Reporting:
• Provides professional expertise in finance, accounting, and long-term asset management to support the real property management and financial reporting functions of Bellwether Housing's building portfolio.
• Provides analyses, forecasts, and tracking to alert Portfolio Managers and stakeholders to trends and events affecting Bellwether's properties.
• Develops and maintains portfolio performance measurement tools for analyzing property operating performance, cash flow, debt structures, and reserve accounts.
• Conducts iterative stakeholder conversations with other teams, investors, lenders and leadership to confer about organizational needs and identify opportunities for optimizing asset performance.
• Assists Portfolio Managers in developing annual building operations budgets to meet targeted debt service coverage ratios and other benchmarks.
• Monitors and forecasts reserve levels, capital accounts, and cash flow. Evaluates cash flow and reserve projections to ensure that each property will meet cash flow targets and compliance with financial covenants.
• Works with the insurance broker to ensure proper insurance coverage while mitigating risks for the building portfolios.
• Monitors and manages property valuations, assessments, and payments.
• Identifies, tracks, and monitors waterfall payment priorities.
• Supervises the Asset Management Specialist position.
External Communication and Relationship Management:
• Acts as a strategic partner to Real Estate Development in regard to property acquisition and due diligence.
• Ensures that Bellwether meets stakeholder requirements and expectations by monitoring and coordinating financial compliance submissions and preparing forecasts.
• Facilitates approval process with lenders and/or investors for capital work, reserve draws, financing, and other items required under the property's governing documents.
• Prepares quarterly reports and dashboards that summarize the financial status of assets for Leadership Team and Board of Directors.
Long-Range Planning:
• Works in collaboration with Real Estate Development and Property Management to create accurate operating expense and debt service proformas and long-term strategic plans for new properties.
• Researches partnership agreements, financing documents, regulatory agreements, leases, tax returns, and other documents to determine constraints and barriers to long-term needs.
• Partners with Sr. Facilities Manager, Portfolio Managers, and Director of Real Estate Development to create and maintain a comprehensive asset management strategy for each property.
• Monitors debt maturities and strategizes refinancing options and debt pay-offs.
Requirements
Minimum Requirements:
• Bachelor's Degree in accounting, finance, and/or related field and 7+ years of progressively responsible experience in financial analysis, asset or property management, accounting, finance, lending, or related work.
• Ability to read and understand real estate finance and partnership documents.
• Proven ability to engage collaboratively with leaders from other departments.
• Effective verbal and written communication and relationship building skills.
• Working knowledge of the principles of accounting.
• Knowledge of capital funding, operating subsidies, and rental assistance.
• Demonstrated experience developing and working with operating and development budgets for multi-family housing.
• Excellent analytical, problem solving, and decision-making skills.
• Proven ability to organize multiple projects.
• Proficient in MS Office, including the ability to develop advanced spreadsheets, manage databases, and produce meaningful charts and graphs.
Desired Qualifications:
• Accounting, finance or asset management experience with a real estate organization that manages affordable housing.
• Exposure to public and private funding sources used to develop affordable housing.
• Asset Management Specialist (AMS) or Certified Housing Asset Manager (CHAM) Certification.
• Familiarity with accounting general ledger and financial reporting software.
Other Position Requirements:
• Candidates selected for this position must pass a criminal history background check prior to employment with Bellwether Housing.
• A personal vehicle is not a requirement of this position. However, if using a personal or company-owned vehicle in the performance of job duties associated with this position, incumbent must possess and maintain a valid Washington State Driver's License, the appropriate amount of automobile insurance, a safe driving record.
Compensation: $95,000 - $105,000, depending on experience
Schedule: Monday - Friday, 8:00am - 5:00pm
The Senior Asset Manager is part of the Accounting and Finance Department and collaborates closely with the Property Management and Real Estate Development departments to ensure the long-term financial sustainability of our diverse portfolio of multi-family, affordable housing developments. The Senior Asset Manager will track the financial performance of each asset and provide reports to other departments to inform key property management, development and re-capitalization decisions. The Senior Asset Manager will also be responsible for ongoing reporting to lenders and equity investors with respect to various financial metrics of each asset. This position supervises the Asset Management staff and provides oversight on the following responsibilities:
Financial Analysis and Reporting:
• Provides professional expertise in finance, accounting, and long-term asset management to support the real property management and financial reporting functions of Bellwether Housing's building portfolio.
• Provides analyses, forecasts, and tracking to alert Portfolio Managers and stakeholders to trends and events affecting Bellwether's properties.
• Develops and maintains portfolio performance measurement tools for analyzing property operating performance, cash flow, debt structures, and reserve accounts.
• Conducts iterative stakeholder conversations with other teams, investors, lenders and leadership to confer about organizational needs and identify opportunities for optimizing asset performance.
• Assists Portfolio Managers in developing annual building operations budgets to meet targeted debt service coverage ratios and other benchmarks.
• Monitors and forecasts reserve levels, capital accounts, and cash flow. Evaluates cash flow and reserve projections to ensure that each property will meet cash flow targets and compliance with financial covenants.
• Works with the insurance broker to ensure proper insurance coverage while mitigating risks for the building portfolios.
• Monitors and manages property valuations, assessments, and payments.
• Identifies, tracks, and monitors waterfall payment priorities.
• Supervises the Asset Management Specialist position.
External Communication and Relationship Management:
• Acts as a strategic partner to Real Estate Development in regard to property acquisition and due diligence.
• Ensures that Bellwether meets stakeholder requirements and expectations by monitoring and coordinating financial compliance submissions and preparing forecasts.
• Facilitates approval process with lenders and/or investors for capital work, reserve draws, financing, and other items required under the property's governing documents.
• Prepares quarterly reports and dashboards that summarize the financial status of assets for Leadership Team and Board of Directors.
Long-Range Planning:
• Works in collaboration with Real Estate Development and Property Management to create accurate operating expense and debt service proformas and long-term strategic plans for new properties.
• Researches partnership agreements, financing documents, regulatory agreements, leases, tax returns, and other documents to determine constraints and barriers to long-term needs.
• Partners with Sr. Facilities Manager, Portfolio Managers, and Director of Real Estate Development to create and maintain a comprehensive asset management strategy for each property.
• Monitors debt maturities and strategizes refinancing options and debt pay-offs.
Requirements
Minimum Requirements:
• Bachelor's Degree in accounting, finance, and/or related field and 7+ years of progressively responsible experience in financial analysis, asset or property management, accounting, finance, lending, or related work.
• Ability to read and understand real estate finance and partnership documents.
• Proven ability to engage collaboratively with leaders from other departments.
• Effective verbal and written communication and relationship building skills.
• Working knowledge of the principles of accounting.
• Knowledge of capital funding, operating subsidies, and rental assistance.
• Demonstrated experience developing and working with operating and development budgets for multi-family housing.
• Excellent analytical, problem solving, and decision-making skills.
• Proven ability to organize multiple projects.
• Proficient in MS Office, including the ability to develop advanced spreadsheets, manage databases, and produce meaningful charts and graphs.
Desired Qualifications:
• Accounting, finance or asset management experience with a real estate organization that manages affordable housing.
• Exposure to public and private funding sources used to develop affordable housing.
• Asset Management Specialist (AMS) or Certified Housing Asset Manager (CHAM) Certification.
• Familiarity with accounting general ledger and financial reporting software.
Other Position Requirements:
• Candidates selected for this position must pass a criminal history background check prior to employment with Bellwether Housing.
• A personal vehicle is not a requirement of this position. However, if using a personal or company-owned vehicle in the performance of job duties associated with this position, incumbent must possess and maintain a valid Washington State Driver's License, the appropriate amount of automobile insurance, a safe driving record.
Compensation: $95,000 - $105,000, depending on experience
Schedule: Monday - Friday, 8:00am - 5:00pm
