Real Estate Analyst

About the Organization:  Preservation of Affordable Housing, Inc. (POAH) is a national nonprofit organization whose mission is to preserve, create and sustain affordable, healthy homes that support economic security, racial equity and access to opportunity for all.  POAH owns and operates more than 12,000 affordable homes at more than 120 properties in 11 states and the District of Columbia.  POAH is based in Boston with offices in Chicago and Washington, DC.

POAH’s reach is national in scope, and its pursuit of the preservation mission is empowered by a focus on the business bottom line.  Its strong reputation is the result of a demonstrated ability to craft complex financial transactions, tackle tough multi-family projects, and close deals that preserve the affordability of at-risk properties.  The organization and its leaders are at the forefront of policy and legislative discussions around housing preservation, affordable housing finance and regulatory reform, including energy efficiency in the multifamily sector.

The POAH team is dedicated, creative and passionate.  We believe a diverse and inclusive team is a stronger, smarter team and we actively promote diversity and meaningful inclusion of different perspectives among our Board, our staff, our partners, in our procurement of goods and services, and at our communities.  We understand that addressing structural racism and achieving racial equity are central to the work we do and we proactively integrate the issue of race in our housing work.

About the Position: As a member of the Development team, the Analyst will have the opportunity to learn all aspects of real estate acquisitions and development including financial analysis and modeling, site acquisition, due diligence, zoning and permitting, legal document review, budgeting, construction and design. The Analyst will prepare detailed financial analyses and models including those for transaction underwriting and return on investment analysis, and will provide key takeaways to business units, corporate financing, and senior management.

Key responsibilities

• Underwrite new development deals and investment opportunities;
• Maintain underwriting for active pipeline transactions;
• Support development team throughout the lifecycle of transaction(s) via active participation in deal team calls and otherwise coordinating bank and deal specific underwriting and closing requirements, across internal and external constituents.
• Conduct market assessments, site assessments, zoning assessments, and other due diligence related to site acquisition and development feasibility;
• Assist the Development team in a broad range of development activities including site acquisition, financing, entitlement / government approvals, design and construction monitoring, project branding, sales and marketing strategy, and public relations
• Research and analyses: Benchmark retail activity in target markets by tracking rents, sales per SF, operating costs, competitive supply and pipeline activity
• Author internal and external correspondence for transaction and property descriptions, offering memoranda for development proposals and responses to RFP's
• Assist, tracking and/or reviewing project related due-diligence and third-party documents (such as appraisal, engineering, zoning, insurance, environmental)
• Prepare formal loan applications including written narrative reports and backup analysis and data
• Answer questions from lenders generated by the submission and research, analyze and provide additional information on request
• Assist in maintaining vendor relationships, soliciting and organizing report bids and arrange due diligence collection and site inspections

Experience and Knowledge

• Undergraduate degree with emphasis in real estate, business or economics
• Minimum of 1-3 years of experience in real estate financial modeling from areas such as investment banking, private equity or real estate investment sales, real estate corporate finance, or debt platforms
• Experience preferred in real estate or multifamily lending/investment or familiarity with financial principles commonly used in Real Estate Finance/Lending (e.g. time value of money, income/cost approach to value, mortgage payment/amortization, etc.)
• Candidates that have a passion for real estate, a strong entrepreneurial mind, and strong work ethic will have the potential to become part of a growing company on the cutting edge of real estate development and an industry leader
• Strong quantitative, financial analysis and modeling (MS Excel) skills are required
• Exceptional time management and prioritization skills are also required to succeed in a fast-paced environment, managing multiple projects with significant responsibilities and competing priorities
• Demonstrated understanding of basic financial statements
• Strong interpersonal, verbal and written communication skills
• Must be able to work well in groups, but also independently to manage and own tasks

Salaries are competitive and commensurate with experience. Benefits include medical, dental, vision, life and disability insurances, 401k retirement plan with company match and generous paid time off.

POAH is an Equal Opportunity Employer committed to diversity in the workplace.