PURPOSE
Support the execution of the Company’s Acquisition of Senior Affordable Housing initiatives by a) performing financial analysis and underwriting of acquisition opportunities, b) leading and coordinating project due diligence, c) working with the acquisition and development team to facilitate, manage, and execute on deal milestones and effectively communicating throughout the acquisition and closing process to the seller, internal team members, legal, vendors, HUD and state agencies.
The Acquisition Analyst will support all aspects of the acquisition cycle from site identification, bidding, underwriting, contract negotiation, third party inspections, due diligence, closing and changeover to construction, asset management and operations housing teams. The Acquisition Analyst must demonstrate ownership of their work, take initiative, be a very effective communicator and listener, have excellent organizational skills, and be capable of accurate and prudent financial underwriting with the ability to manage key relationships to ensure growth plans are achieved.
The Acquisition Analyst should demonstrate an understanding and passion for the mission of affordable senior housing.
We strive to employ individuals who can grow with National Church Residences over time into more senior level development positions
ESSENTIAL FUNCTIONS
Support the Director of Acquisitions and Senior Project Leader with the acquisition of multifamily senior housing projects; anticipated per annum acquisition unit count for the acquisition team will be between 700 and 1,500 units per year.
Identify, investigate, underwrite and model potential acquisition opportunities to determine maximum offer price and financial viability.
Provide support in developing presentations, pitch books, and other materials relevant to making proposals to potential sellers.
Coordinate, review, analyze, and summarize project due diligence, including but not limited to, compliance, market studies, appraisals, environmental reports and capital needs assessments. Make recommendations to senior acquisition team regarding key findings that may affect the operations, finances, and future investment options of the proposed deal.
Communicate professionally and direct the flow of real estate transactions by coordinating with sellers, third-party vendors, title companies, outside legal counsel, HUD and other agencies, and property management teams.
Assist with various HUD, LIHTC, HOME, and FHLB applications and submittals.
Work alongside the Senior Project Leader and Director of Acquisitions to successfully transition all property assets to National Church Residences Construction, Housing and Asset Management teams.
Manage project timelines and checklists and ensure compliance with applicable deadlines.
Adopt, facilitate and manage deal flow management in Smartsheets & M-Files
Support Senior Project Leader and Director of Acquisitions with Board reporting, Investment Corporation reporting, Internal Investment Committee reporting, industry specific presentations and other duties as assigned.
Travel may include site visits to review potential acquisitions, as required.
Assist Senior Affordable Housing Acquisitions Team and provide support and other duties as assigned
Attend and participate in regularly scheduled team meetings and conferences, as required.
EXPECTATIONS
As a key member of the Development department, the Acquisition Analyst has a unique opportunity to play a frontline role within a growing and dynamic Acquisition Team.
Demonstrate and maintain a positive, professional manner, manage time efficiently and effectively, provide leadership as a role model to promote a team approach, collaborate and participate in policy creation and appropriate problem-solving methods.
Ability to manage expectations, inform stakeholders, and excel under tight deadlines.
Strong desire to learn new and evolving information and deal parameters
All responsibilities are carried out in a manner consistent with National Church Residences’ Core Values of Mission, Compassion, Leadership and Professionalism
Must adhere to all policies, procedures, terms and conditions set forth in the National Church Residences’ Employee Information Guide (EIG) as well as any facility handbook including but not limited to corporate compliance, drug free workplace, safe work practices, all federal, state, local regulations and laws.
With respect to Client Rights, must ensure all care is provided with respect and dignity for clients, report all complaints made by clients and/or families to the appropriate supervisors, report all allegations of abuse, misappropriation of funds/client property and/or any other corporate compliance, drug free workplace, safe work practices, all federal, state, local regulations and laws.
Perform other duties as assigned.
Education: Bachelor’s degree required; business, finance, accounting, real estate preferred
Experience: Understanding of affordable housing fundamentals and market dynamics. Ability to demonstrate ownership of projects and work with a high degree of autonomy. Highly effective communication, presentation and listening skill set. Excellent written and verbal communication skills. Sound analytical skills and proficiency in Microsoft Excel and PowerPoint required. Collaborative skills, working with diverse internal and external entities to accomplish project goals. Demonstrated ability for multi-tasking and meeting simultaneous deadlines. Ability to travel and attend evening meetings on a limited basis.
Mental: Must have the ability to understand data and carry out verbal and written instructions.
Licensure: Valid driver’s license and able to meet National Church Residences’ motor vehicle policy.
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Vision: The degree of hand and eye coordination as applied to job requirements that induce visual strain. Normal: Consistent with standard workflow.
With respect to said job description, estimate the daily time spent performing the following activities.
Rare (R) = 0-24%; Sometimes (S) = 25-49%; Frequent (F) = 50-74%; Continuous ( C) = 75% plus
R = Climbing S = Stooping Lifting / Carrying; F = 10-25 lbs.
S = Standing S = Pushing F = 26-50 lbs.
F = Sitting F = Pulling S = 51-75 lbs.
F = Walking F = Driving R = 76 plus lbs.
Consequences of Errors: Moderate monetary responsibility.
Supervision Received: General supervision: Employee generally operates by himself/herself checking with supervisor when in doubt.
Working Conditions: Acceptable; some distractions
Limited travel required
ACKNOWLEDGEMENT
I hereby understand and agree to the above description of the duties required.
Signature Date
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All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, ancestry, military status, disability, genetic information and/or any other characteristics protected by applicable law.