The Michaels Organization · 3 hours ago
Development Analyst-Underwriter
Camden, NJ
Full-time
Onsite
New Grad, Entry Level
$80K/yr - $85K/yr
0+ years expThe Michaels Organization is a national leader in residential real estate offering full-service capabilities in development, property management, construction, and investment. The Development Analyst Underwriter performs analysis of proposed multifamily real estate developments that qualify for low-income house tax credits and conventional multifamily acquisitions, working collaboratively on the underwriting of multiple affordable housing projects.
Real Estate
Responsibilities
Create and maintain financial models for development and acquisition transactions, throughout their progress from initial feasibility to closing. Coordinate with other TMO staff to make sure that all operating, financing, and construction assumptions are accurate
Work with partners, both internal to TMO and external, to assemble needed documents and approvals for closing development projects
Market research, including review and analysis of State Qualified Allocation Plans, market and economic data, zoning and permitting requirements and market trends
Identify issues, draw logical conclusions and interpret results for use in decision-making with limited oversight
Develop strong business relationships with other Michaels Organization companies
Work on special projects as directed by the management team
Qualification
Required
Zero to three years of real estate project finance or quantitative finance experience
Bachelor's degree in Finance, Real Estate, Business Administration, City Planning, or another related field required
Ability to prioritize multiple projects and deliverables and incorporate a logical and systematic approach to all required analyses
Basic knowledge of real estate financial modeling, including: operating pro forma, tax credit equity calculations, construction draw schedules, supportable mortgage calculations, sources and uses statements
Able to work both independently and collaboratively in a team environment
Flexible to work extra hours as required
Strong presentation and communication (oral and verbal) skills
Ability to pay close attention to details while maintaining a view of the big picture issues and requirements
Exceptional proficiency with Excel and Word
Experienced using real estate and financial related software and applications
Preferred
Preference for candidates that have worked for real estate developers or experience with underwriting and closing practices in multifamily affordable housing
Masters degree in these same fields preferred
Basic understanding of multifamily real estate financing mechanisms, including low income housing tax credit financing and project-based Section 8 preferred
Benefits
Medical
Dental
Vision
Prescription
Generous paid time off
A 401 (k) plan with a company match
Michaels Employee Scholarship Program
Company
The Michaels Organization
The Michaels Organization is a family of companies dedicated to excellence in affordable, mixed-finance, student and military housing.
1001-5000 employees
H1B Sponsorship
The Michaels Organization has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (1)
2024 (3)
Funding
Current Stage
Late StageTotal Funding
$4MKey Investors
Virginia Department of Housing and Community Development
2023-08-24Grant· $4M
Leadership Team
Sharon Har
Vice President of Development
Kimberlee Schreiber
President
Recent News
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