Affordable Housing Development Associate

MRK Partners; Collingswood (NJ); On-site; USD 100,000 - 150,000; Full time

Benefits offered by this job

Medical benefits

Life insurance

Disability insurance

401(k) match

Paid time off

Employee assistance program

Volunteer day

Paid holidays

Job summary

MRK Partners in Collingswood, NJ, is seeking an Affordable Housing Development Associate to support projects from acquisition to construction and asset management. You will manage multiple development projects, conduct market research, perform due diligence, draft LOIs, and coordinate reports while collaborating with teams across accounting, development, and leadership.

A bachelor's in business/finance and at least 5 years in affordable housing are required.

Qualifications

• Bachelor’s degree in business, finance, or related field.
• Minimum of 5 years’ relevant experience.
• Minimum of 3 years’ experience in the affordable housing domain.
• Proficient with MS Office and virtual meeting tools.
• Proficient with Monday.com and RealPage preferred.
• Ability to read leases, contracts, financials and title documents.
• Excellent verbal and written communication skills.
• Detail-oriented, organized, and able to manage multiple priorities.

Responsibilities

• Model and instill company mission and values.
• Manage multiple projects concurrently across development stages, with COO support.
• Perform market research and valuation analyses for prospective opportunities.
• Perform due diligence and prepare analyses for COO review.
• Draft LOIs and reports for internal and external stakeholders.
• Negotiate contracts and financing bank agreements.
• Lead planning, design, entitlements, and construction duties.
• Improve development operations, systems and tools.
• Cultivate relationships with brokers, partners, regulators, contractors, and consultants.
• Complete special projects as required.

Education

Bachelor's degree in business/finance or related field

Tools

Monday.com Work OS

RealPage software

Job description

Job Type

Full-time

Description

Job Summary

The Affordable Housing Development Associate is responsible for supporting and assisting projects from start to finish – from initial acquisition analysis and determination of financing structures to construction and asset management.

Essential Job Functions

• Model and instill company mission and values
• Manage multiple projects concurrently at varying stages of development while meeting or exceeding deadlines on their own with support from the COO as requested; works with team members across the entire business, including accounting, property management, development, and leadership.
• Perform market research and valuation analyses of prospective investment opportunities and identifies prospective investment opportunities for the organization.
• Perform extensive due diligence on each transaction; prepare written analyses and evaluations of investment opportunities for COO to review.
• Complete project documentation including drafting letters of intent (LOI) for purchase with sellers; and preparing and distributing regular reports to internal and external stakeholders.
• Participate in execution of transactions, including negotiations of contracts and agreements with sellers and financing banks.
• Perform planning, design, entitlements and permits; pre-construction, construction and project close-out duties; turnover of the project to asset and property management teams as well as project disposition support, when applicable.
• Continuously improve development operations, systems, procedures, tools, relationships, and organizational expertise.
• Cultivate, maintain, and leverage relationships with key stakeholders internal and external to the company, brokers, capital partners, landowners, buyers, governmental and regulatory authorities, contractors, architects, engineers, and consultants.
• Completes special projects as required.
• Performs other duties as required and assigned.

Requirements

Knowledge, Skills, and Abilities

• Bachelor’s degree in business, finance, or related field.
• Minimum of 5 years’ of relevant experience.
• Minimum of 3 years’ experience in the affordable housing domain.
• Proficient in Microsoft Office Suite and virtual meeting applications.
• Proficient working with Monday.com Work OS and RealPage software preferred.
• Ability to read and decipher leases, contracts, financials, inspection reports, and title documents.
• Excellent verbal and written communication skills. Extremely proficient in MS Office and virtual meeting applications. Adept at quickly mastering new systems and technology.
• Detail-oriented, organized, motivated, meticulous, practical & flexible. Able to effectively handle multiple and shifting priorities and maintain professional composure.
• Able to work in a fast-paced, high energy and team-oriented environment. Able to complete high quality work under pressure and within tight deadlines.
• Excellent interpersonal skills; able to develop relationships with coworkers, business partners and colleagues. Builds trust, honors commitments and treats all with respect. Uses those skills to accurately accomplish tasks by the deadlines.
• Able to work independently and as part of a team. Able to resolve issues, manage conflict exercise good judgement, and be a creative problem solver.
• Excellent analytical, comprehension, and creative problems solving skills.

Our Values

• Embrace New Ways: obstacles are opportunities, and challenges are catalysts for change
• Serve the Community: give back and pay it forward
• Drive to Achieve: ambition and determination – we can achieve anything we can imagine

WE’VE GOT YOU COVERED

We take pride in supporting the health and well-being of our teammates and their families:

• Full medical, prescription, dental and vision benefits
• Company-paid life and AD&D insurance
• Company-paid short-term and long-term disability
• A 401(k)-retirement plan with company match
• Paid time off, accrued based on years of service
• Supplemental insurance for employees and families
• Employee Assistance Program for confidential counseling
• Additional paid day off to provide community or charitable services
• Paid holidays; approximately fourteen (14) per year
• Peace of mind and a great working environment

#LP

MRK provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability, genetics, veteran status, sexual orientation, and gender identity.

Salary Description

$100,000 - $150,000/annual, please bonus potential