Multifamily Project Manager
Company: Invest Atlanta
Location: Atlanta
Posted on: August 7, 2022
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Job Description:
MULTIFAMILY PROJECT MANAGER JOB DESCRIPTION The Community
Development Department is focused on creating new affordable
housing communities, preserving existing housing for decades to
come, serving as a catalyst to providing long- term affordable
housing, strengthening commercial corridors, driving redevelopment
in distressed areas, and supporting revitalization in targeted
communities. Community Development also strives to strengthen its
financial position through diversification of revenue streams and
advocating for the creation of new legislation and revenue streams
to support affordable housing, neighborhood revitalization, and
commercial development in the future. The Multifamily Project
Manager will report directly to the Director, Multifamily Housing
Bonds. KEY RESPONSIBILITIES --- Apply program policies, project
guidelines, and underwriting judgment appropriately to a wide
variety of multifamily transactions seeking development incentives.
--- Review, analyze, and underwrite loan and grant applications to
include the collection of all pertinent project information,
preparation of credit and underwriting analysis, negotiation of
loan terms and conditions, presentation to internal loan committee.
--- Underwriting responsibilities include review and analysis of
proformas; income, expense, and rent roll analysis; review of
third-party reports, review of applicant financial position, market
analysis, property inspections, etc. --- Work with internal and
external parties to successfully close transactions, including but
not limited to, development of, and adherence to closing schedule,
negotiation of deal points, critique of governing loan and grant
documents and collection of due diligence items. --- Assist
Director in the successful transition of all community development
transactions (loans and grants) to the Compliance and Finance
departments. --- Attend community meetings/events to garner
community support for, and foster understanding of Invest Atlanta's
initiatives to grow a strong economy and build vibrant communities.
ADDITIONAL RESPONSIBILITIES --- Record and maintain financial
transactions and documents in various financial and document
management systems; perform ongoing financial analysis and account
reconciliation. --- Provide administrative and project support to
successfully close development incentive transactions, working with
the Director, as applicable. --- Prepare documents for submission
to the City of Atlanta, the Georgia Department of Community
Affairs, or other agencies as applicable. --- Receive and process
requisitions during the construction or rehabilitation period;
track expenditures for all funding sources to ensure compliance
with Trust Indenture, Loan Agreement and approved Closing Budget.
Reconcile URFA spreadsheet with trust account balances and
communicate with bond trustee to resolve differences. --- Attend
virtual or physical monthly site visits to properties under
construction to evaluate progress. --- Create, maintain, and assist
with reports for the Community Development Department including,
but not limited to, project tracking, legal request tracking,
reporting, etc. --- Perform any other job duties as necessary and
requested for the furtherance of Invest Atlanta's community
development goals. EDUCATION --- Graduated from an accredited
college or university with a bachelor's degrees in business
administration, public administration, real estate, economics, or
related field with five (3-5) years of progressively responsible
project management experience; OR --- Equivalent combination of
education and experience which equips the applicant with knowledge,
skills and abilities described above. KNOWLEDGE, SKILLS, AND
ABILITIES --- Excellent communication, interpersonal and
presentation skills; ability to cultivate and maintain effective
relationships with government, business, political and community
leaders. --- Knowledge of small business needs. --- Proven ability
to work effectively with a diverse group of individuals from
various racial, cultural, ethnic backgrounds. --- Ability to manage
a high workload, multiple projects, and competing priorities. ---
Strong attention to detail, excellent organizational skills, and an
ability to work well under pressure. --- High ethical standards and
values. --- Ability to gather, analyze and synthesize data. Be
flexible with multiple projects and be willing to support other
staff on short notice. Resumes should be submitted to: jobs
@investatlanta. com. Invest Atlanta is an Equal Opportunity
Employer. All qualified applicants, including but not limited to
Minorities, Females, Disabled, and Veterans are encouraged to
apply. Employment Type: Full Time Years Experience: 3 - 5 years
Salary: $60,000 - $85,000 Annual Bonus/Commission: No
Keywords: Invest Atlanta, Atlanta , Multifamily Project Manager, Executive , Atlanta, Georgia
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