Head Of Project Management (Real Estate)

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Project Manager

Management Yonkers, NY, US

REPORTS TO: Director of Real Estate Development

1,000 Sign-on and Retention Bonus

Medical, Dental and Vision after 30-days with up to 85% paid by Employer

Paid Vacation, Sick and Personal Time

Tuition Reimbursement and Life Insurance

Pension Plan and Voluntary 403b Plan

Summary: The Senior Underwriter / Project Manager functions within a small team of real estate development professionals for an active not for profit organization that develops, manages and provides supportive services for affordable and supportive housing in the Bronx, Westchester and the mid-Hudson Valley, New York. Extensive experience with affordable and/or supportive housing development including usage of low-income housing tax credits (LIHTC), tax exempt bonds, state/federal capital programs, and mixed-financed deals is essential, with an understanding of market rate multifamily finance.

Complete financial underwriting analysis and prepare proformas for all prospective projects to determine funding strategy, and highest and best use.

Source and underwrite information necessary to construct financial models of proposed projects including development costs, operating revenue, and expense information;

Obtain capital from a variety of public and private sources including municipal, state, federal, and tax credit opportunities, often through competitive RFP processes, for the development of affordable and supportive housing, including new construction and rehab.

Perform due diligence research for the purchase and sale of properties, including conducting a critical review and analysis of the appraisal, market analysis, property description, real estate tax analysis, comparable properties, local regulations, and title commitments.

Assessing the legal and structural framework of transactions.

Analyze demographic research and trends and political tendencies for the purpose of evaluating new potential development sites.

Assist with various analytical projects regarding portfolio and property performance

Project Management – As part of the real estate development team, the Senior Underwriter / Project Manager will participate in all aspects of project management, including, but not limited to, the following:

Work collaboratively with a team of consultants including lenders, attorneys, architects, engineers, contractors, and others. Select and manage design consultants and relevant teams.

Coordinate pre-development and development activities such as preparation of transaction documents and financial applications, development of project sources and uses, construction documents, an overall management of project budget.

Prepare monthly requisition packages for submittal to lending partners and agencies, including management and disbursement of funds across a variety of funding sources.

Bachelor degree required with extensive experience (3-5 years+ preferred) in the affordable real estate finance field. Passion for Westhab’s mission of producing top-quality affordable and supportive housing essential.

Westhab is a prominent community development organization, providing housing and supportive services for more than 10,000 of the most vulnerable members of our community each year. We are staffed by an extraordinary group of hard working professionals that are fully committed to our mission - Building Communities. We believe that the people and the communities that we have the privilege to serve deserve our very best every day. OCCUPATIONAL SAFETY AND HEALTH ADMINISTRATION (OSHA):

The Occupational Safety and Health Administration (OSHA) ensures safe and healthful working conditions to workers by setting and enforcing standards and by providing training, outreach, education and assistance.