Apply on Employer Site

Invest Atlanta · 1 day ago

Multifamily Project Manager

Atlanta, GA

Full-time

Onsite

Mid, Senior Level

5+ years exp

Invest Atlanta is focused on creating new affordable housing communities and revitalizing targeted areas. The Multifamily Project Manager will oversee multifamily transactions, manage program operations, and ensure alignment with organizational goals while collaborating with various stakeholders.

FinanceFinancial ExchangesFinancial ServicesSocial Entrepreneurship

Diversity & Inclusion

Responsibilities

Apply program policies, project guidelines, and underwriting judgment appropriately to a wide variety of multifamily transactions seeking development incentives

Review, analyze, and underwrite loan and grant applications to include the collection of all pertinent project information, preparation of credit and underwriting analysis, negotiation of loan terms and conditions, presentation to internal loan committee

Underwriting responsibilities include review and analysis of proformas; income, expense, and rent roll analysis; review of third-party reports, review of applicant financial position, market analysis, property inspections, etc

Prepare and present multifamily housing board meeting materials to ensure accuracy and timely delivery for the Internal Loan and Investment Committee meetings

Present multifamily housing projects at Housing and TAD Committee meetings to secure approval or recommendations, representing the department’s interests and ensuring alignment with organizational goals and regulatory requirements

Work with internal and external parties to successfully close transactions, including but not limited to, development of, and adherence to closing schedule, negotiation of deal points, critique of governing loan and grant documents and collection of due diligence items

Responsible for daily operations of the Faith-Based Program and Missing Middle Program, ensuring alignment with organizational goals. Oversee program budgets, timelines, and deliverables to ensure efficient and impactful program delivery

Transition community development transactions (loans and grants) to the Compliance and Finance departments

Attend community meetings/events to garner community support for, and foster understanding of Invest Atlanta’s initiatives to grow a strong economy and build vibrant communities

Record and maintain financial transactions and documents in various financial and document management systems; perform ongoing financial analysis and account reconciliation

Provide administrative and project support to successfully close development incentive transactions, working with the Vice President, as applicable

Prepare documents for submission to the City of Atlanta, the Georgia Department of Community Affairs, or other agencies as applicable

Monitor the processing of requisitions during the construction or rehabilitation period to ensure accuracy and timeliness. Oversee staff in tracking expenditures across all funding sources, ensuring compliance with the Trust Indenture, Loan Agreement, and approved Closing Budget. Review and validate financial reconciliations, including the alignment of URFA spreadsheets with trust account balances, and provide direction in resolving discrepancies in coordination with the bond trustee

Attend virtual or physical monthly site visits to properties under construction to evaluate progress

Create, maintain, and assist with reports for the Community Development Department including, but not limited to, project tracking, legal request tracking, reporting, etc

Perform any other job duties as necessary and requested for the furtherance of Invest Atlanta’s community development goals

Qualification

Financial AnalysisUnderwritingProject ManagementCommunication SkillsOrganizational SkillsData AnalysisInterpersonal SkillsAttention to Detail

Required

Graduated from an accredited college or university with a bachelor's degrees in business administration, public administration, real estate, economics, or related field with five years of progressively responsible project management experience; OR

Equivalent combination of education and experience which equips the applicant with knowledge, skills and abilities described above

Excellent communication, interpersonal and presentation skills; ability to cultivate and maintain effective relationships with government, business, political and community leaders

Knowledge of small business needs

Proven ability to work effectively with a diverse group of individuals from various racial, cultural, ethnic backgrounds

Ability to manage a high workload, multiple projects, and competing priorities

Strong attention to detail, excellent organizational skills, and an ability to work well under pressure

High ethical standards and values

Ability to gather, analyze and synthesize data

Be flexible with multiple projects and be willing to support other staff on short notice