Associate/Senior Associate, Affordable Acquisitions

Responsibilities The Associate/Senior Associate will focus on all aspects of affordable real estate acquisitions and development including financial analysis and modeling, site acquisition, due diligence, governmental agency communication and funding applications, legal document review and negotiation, and community and resident engagement. She/He will prepare detailed financial analyses and models including those for transaction underwriting and will provide key takeaways to business units, corporate finance, and senior management. Essential Duties and Responsibilities: Support the Deal Team Leader in all aspects of affordable housing acquisitions, financing, and development. Complete financial modeling and facilitate presentations with a focus on property valuation using a range of capital structures and financing tools unique to affordable housing. Compile and review due diligence information including financial, market, demographic, site, federal, and state regulatory data. Validate and defend budgets, assumptions, and pro-forma analysis, including the identification of challenges inherent to a given project. Communicate with investors, lenders, brokers, property managers, and industry consultants. Draft and complete applications and documentation necessary for debt and equity financing, property purchase and sale, government subsidies, and rental contract maintenance. Engage in community and resident outreach initiatives to tailor property improvements and services to meet the needs of neighborhoods and residents. Engage with internal Deal, Construction, Community Engagement, and Portfolio, Asset, and Property Management teams to ensure holistic measures of success are executed in each deal. Manage workflow and task completion across various teams and departments. Lead select internal presentations to Senior Related Affordable Leadership. Competencies Demonstrates an ability to project manage key components of deal or project, spanning from initiation to completion Demonstrates strong problem-solving skills, identifying the root causes of issues, and leveraging prior experience and education to derive creative and impactful solutions. Communicates effectively with a demonstrated ability to maintain strong relationships with diverse stakeholders, including internal leaders and colleagues, investors, lenders, local communities, and government agencies. Exceptional financial modeling skills. Well-developed and adaptable writing skills. Exceptional time management, organizational, and prioritization skills, as well as acute attention to detail; showcasing the capacity to excel in a fast-paced environment while successfully managing multiple projects and competing priorities. Entrepreneurial mindset, contributing new insights and perspectives that may lead to innovative ideas and approaches. Demonstrates a high level of receptivity to feedback and instructions, seamlessly integrating takeaways into future work products. Qualifications Education and Experience A Bachelor’s degree required; MBA, Master of Public Policy or MRED 3-5+ years of professional experience, preferably in a banking or real estate environment, or equivalent coursework. Ideal candidate will have experience with LIHTC and/or affordable housing finance Adept at financial analysis with robust quantitative and modeling skills. Proficient in the standard suite of office applications and advanced proficiency in Microsoft Excel. An understanding of the principles of finance and accounting. Travel/Physical Requirements Flexibility to travel and work outside standard business hours as needed Compensation The anticipated base salary range for this position is listed below. In addition to a competitive base salary, you will be eligible to receive discretionary bonus incentives and a comprehensive benefits package. Anticipated base salary range: $140,000 - $165,000 Actual base salary within the anticipated range will be determined by several components including, but not limited to, the individual's experience, skills, qualifications, and market factors. Overview Formed in 1972, Related is the most prominent privately-owned real estate firm in the United States. Headquartered in New York City, the company has offices and major developments across the world. Related owns and manages a premier portfolio of assets valued at over $70 billion, including the 28-acre Hudson Yards neighborhood on Manhattan’s West Side. Related believes in investing in its talent and cultivates a positive, team-oriented environment where every voice is valued. Employees are encouraged to boldly take on new challenges, transcend the status quo, and demonstrate strong entrepreneurial spirit. In its relentless commitment to excellence, Related works to foster an innovative approach in its team members so that they can positively impact the communities in which they conduct business. Learn more about Related at Divisional Overview Related Affordable leads the company’s efforts to preserve and improve the nation’s affordable housing stock. Affordable housing acquisitions and development have been the foundation of Related since the company was founded. Today, Related Affordable owns and oversees one of the largest affordable housing portfolios in the nation. The company is driven by the belief that everyone deserves a quality home and works hard to deliver that for communities across the country. Learn more about Related Affordable at We are proud to be an equal opportunity employer and are deliberate about the team and culture we are building. We aim to ensure competitive total compensation that is commensurate with experience, workplace geography, and market standards. For information about how we use your personal information, including information submitted for career opportunities, please review our Privacy Policy at

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