SENIOR REAL ESTATE FINANCE OFFICER
7-7-10
Fairfax County Department of Housing and Community Services
Housing Community Developer IV
$61,634 to $82,179
Job #10-0761
Under direction of the branch chief and division director, responsible for developing, structuring, negotiating and implementing financing plans for housing projects and programs, public facility projects, property rehabilitation loans, and both residential and commercial revitalization loans. Prepares and oversees underwriting and financial analysis of complex real estate transactions. Seeks and negotiates loan terms with public and private lenders, solicits, negotiates terms, and establishes good working relationships with financial partners. Coordinates and assists in the general administration of the real estate finance branch, and represents the division before public bodies such as the Board of Supervisors, the Redevelopment and Housing Authority, and other federal. State loan underwriting committee, and local agencies. May supervisor one or two positions. Other duties as assigned.
Minimum Qualifications: Any combination of education and experience equivalent to graduation from an accredited college with a degree in urban planning, public or business administration, affordable housing, finance or related field, and four years of progressively responsible, directly related professional experience.
Special Requirements: The appointee to this position will be required to satisfactorily complete a criminal background check, credit check, and a driving record check.
Preferred Qualifications: Direct knowledge and experience with financial analysis, mortgage finance, financial structuring and underwriting, document preparation and review, and program compliance issues related to the use of a variety of private, federal, state and local loan and grant programs for multi-family affordable housing and commercial revitalization. Experience with Tax Credit and Tax-Exempt Bond financing is required. Experience must include hands-on work in preparing proformas, sources and uses statements, cash flow statements and financial feasibility analysis. Advanced knowledge of Excel and Outlook and Intermediate knowledge of Access; team leadership skills and experience in working with the public, elected officials and government agencies is preferred. Candidate should have ability to define, process and manage work flow using effective delegation, technology, tracking and follow-up. Real Estate Finance or comparable professional real estate and financial experience are required. Candidate must be results driven, detail oriented, and have excellent communication skills (verbal, written and presentation).
TO APPLY: Apply online at www.fairfaxcounty.gov/jobs by July 30, 2010. EEO/Reasonable Accommodation. TTY 703-222-7314.
ASSET MANAGER
6-29-10
Montgomery Housing Partnership
GENERAL RESPONSIBILITIES: On behalf of Montgomery Housing Partnership (MHP) and its subordinate corporations, the Asset Manager will provide necessary analysis and assistance to MHP to ensure that:
A high quality living environment is maintained at each property;
The properties are being run economically and are well maintained;
Adequate reserves are being accumulated for future maintenance needs;
All federal, state, and local legal and financial requirements are met;
Periodic reports are made to the subordinate corporations and MHP to review financial health and property problems.
Financial Services - Provides oversight and those services needed to maintain the fiscally responsible operation of each housing development.
Analyzes and monitors monthly management reports and other necessary information to assure financial soundness.
Assists management firm and Vice President of Operations in the preparation of annual operating budgets.
Helps establish and monitor annual rental increase policies at each development
Monitors corporate assets, including reserves, to assure that investments are sound.
Provide monthly reports for President and Vice President of Operations; provide quarterly reports for Board of Directors, as requested.
Physical Condition Review and Recommendations – Through periodic property visits and conversations with site managers, stays abreast of short and long-term capital improvement needs.
Makes quarterly inspections of common areas and vacant apartments as available. Provides written comments to property managers and Vice President of Operations.
Through analysis of monthly reports, tracks repair and maintenance trends.
Have capital needs assessments done as needed.
Managerial Services – Provides oversight and recommendations necessary to assure quality management services.
Meets with and establishes strong communications with the property management companies to ensure that properties are well maintained, resident requirements are met, and adequate services are rendered.
Recommends the establishment of new management reports or formats which better meet the needs of MHP and the properties.
Reviews and evaluates the implementation of MHP required policies and procedures in the management of each property.
Shares the inspection of the properties with Vice President of Operations for proper upkeep and visual appearance, normally on a quarterly basis.
Attend resident meetings and resolve resident concerns as necessary.
Coordination Services – Provides those services needed to keep MHP and our lenders/insurers appropriately informed.
Makes recommendations to MHP senior staff to revise current property management policies, evaluate current procedures, refine and develop new approaches and methodologies.
Communicates MHP’s policies and requirements for operating the developments to the management company, normally in writing.
Develops a checklist of all reports required by our lenders and insurers, and coordinates the filing of those reports with the management companies.
Work with Development staff as needed to provide advice on operating budgets.
Work with insurance company to make sure that properties are properly insured.
Work with County to secure PILOT agreements, as requested.
Other related duties as required.
Other Duties as Assigned, including but not limited to:
Participates in interdepartmental teams.
Works with Development staff on refinancing of existing properties in portfolio.
Attends conferences, trainings, work sessions, etc. on behalf of MHP.
Qualifications and Skills:
Bachelor’s Degree.
Familiarity with property management principles.
Strong organizational skills and ability to coordinate complex activities, prioritize conflicting demands and meet deadlines.
Excellent interpersonal skills; ability to oversee and interact with property management companies and residents.
Computer literacy; knowledge of MS Word, Excel.
Strong written and oral communication skills.
Ability to work independently, but also as part of an overall team.
Ability to read and analyze financial reports and budgets.
Ability to conduct physical inspections of properties, including walking up and down stairs.
Attention to detail and capacity to adapt to a variety of situations in a professional and diplomatic manner.
Possess valid driver’s license.
Reports to: Vice President of Operations
Resume, Salary History and References to: MHP Asset Manager, 12200 Tech Road, Suite 250, Silver Spring, MD 20904 or e-mail at mhpartners@hotmail.com. EOE