About The Community Builders, Inc.

Join a growing organization that is strengthening neighborhoods across the nation! The Community Builders, Inc. (TCB) is one of America's leading nonprofit real estate developers and owners. Our mission is to build and sustain strong communities where people of all incomes can achieve their full potential.

Position Description:

TCB’s Asset Management department is responsible for analysis and reporting on TCB real estate assets valued at approximately $1.5 billion. This role represents TCB’s long-term interests with a variety of internal and external stakeholders by establishing clear goals, problem solving, and providing oversight to each of TCB’s properties, in accordance with the organization’s strategic plan. The Asset Management Analyst will support a team of stabilized asset managers by providing the review and analysis of project and portfolio performance and create strategies to ensure the long-term success of TCB’s affordable housing developments. The Analyst will also assume direct responsibility for a regional portfolio and will be exposed to all aspects of a property’s life cycle. This role is hybrid and reports to the Boston office 3 days per week.

Essential Functions:

• Responsible for the review of monthly financial statements and variance reports, annual budgets and annual audit review;
• Measuring and managing property performance against projections and annual budgets;
• Work with asset managers to develop and update proformas that project future cash flows of operating properties.
• Responsible for monthly, quarterly, and annual reporting to outside stake-holders as well as responding to investor and lender requests for information and preparation of investor-specific reports;
• Reviewing and summarizing the key provisions of partnership agreements, regulatory agreements and loan documents into TCB’s data management system;
• Reviewing financial data imported for third-party managed properties into TCB’s data management system;
• Assisting in determining the achievement of breakeven operations;
• Reviewing and recommending approval for replacement reserve requests and cash flow distributions;
• Performing market analyses;
• Forecasting and modeling project operations in order to identify performance deficiencies and opportunities for improvement;
• Help TCB develop systems and process to increase efficiency.
• Assisting with the preparation of annual asset management plans;
• Analyzing and modeling investor exit terms from LIHTC deals with assistance from the Director of Asset Management;
• Maintaining the integrity and quality of data in the property database;
• Monitoring and resolving property tax issues;
• Interacting with internal staff from all departments and at all levels of management, and external parties (including investors, lenders, regulators, auditors, etc.) to achieve property goals.

Knowledge, Skills and Abilities:

• Excellent verbal and written communication skills
• Proficient with Microsoft Office, Power Bi a plus.
• Familiarity with real estate, the LIHTC program and other affordable housing programs
• Understanding of partnership agreements, loan documents, and regulatory agreements
• Ability to interpret and analyze the business terms included in legal documents and financial projections
• Strong financial and analytical and spreadsheet skills
• Ability to work collaboratively across TCB departments to achieve corporate and property-level goals
• Ability to communicate effectively and establish strong relationships with TCB external stakeholders including lenders, investors and housing authorities
• Strong organizational and time management skills
• Ability to demonstrate flexibility in dealing with difficult property-level issues or organizational change
• Ability to work in a fast-paced work environment while managing conflicting priorities.

Education & Experience:

Bachelor’s degree required; focus in real estate, finance or urban planning strongly preferred. 2+ years of real estate or related financial experience; graduate degree in real estate, finance or urban planning may substitute for work experience.

Benefits

• Medical, dental, and vision insurance
• 12 Paid Holidays & tenure-based PTO accruals
• Employer contributions to Health Savings Accounts
• Company paid Life & Disability Insurance
• 403(b) retirement plan with company match
• Tax-advantage accounts: commuter/parking, medical & dependent care FSA
• Hospital & Critical Illness Insurance
• Confidential, 24/7 Employee Assistance Program

The Community Builders is an equal opportunity employer.