Transition Asset Manager

Raymond James; Saint Petersburg (FL); On-site; USD 55,000 - 75,000; Full time

Job summary

Raymond James is seeking a Real Estate Investment Analyst for the RJAHI team to conduct LIHTC-focused due diligence and investment analysis on multifamily developments. Under supervision, you will apply training to analyze property performance and underwriting, supporting affordable housing investments.

The role requires reviewing documents, updating projections, and collaborating with teams to ensure compliance and solid decisions.

Qualifications

• Bachelor’s degree in business, finance, accounting or related field.
• Any equivalent combination of experience, education, and/or training approved by HR.

Responsibilities

• Reviews standard real estate documentation for consistency with RJAHI’s requirements and property-specific investment criteria.
• Reviews and updates financial projections to reflect actual property performance.
• Reviews property financial statements, tax returns, cost certifications and LIHTC documentation.
• Reviews legal documents/memorandums and performs other due diligence procedures.
• Reviews, approves, and processes requests for capital contributions to property-specific partnerships.
• Performs other duties as assigned.

Skills

Real estate analysis

LIHTC knowledge

Financial projections

Documentation review

Communication skills

Task management

Education

Bachelor’s Degree in business/finance/accounting

Tools

Spreadsheet software

Job description

Job Description Summary

Under general supervision, uses specialized knowledge and skills obtained through experience, specialized training, and education to conduct real estate investment analysis and due diligence for multifamily developments within the low income housing tax credit (LIHTC) program for Raymond James Affordable Housing Investments (RJAHI). Substantial training and guidance is provided related to the LIHTC and real estate underwriting. Individual will perform varied work requiring analysis, originality and ingenuity to make moderately complex decisions, process information in a timely manner, and operate within a team environment.

Job Description

Essential Duties and Responsibilities

• Reviews standard real estate documentation for consistency with RJAHI’s requirements and
• property specific investment criteria.
• Reviews and updates financial projections to reflect actual property performance.
• Reviews property financial statements, tax returns, cost certifications and low income housing tax credit (LIHTC) specific documentation.
• Reviews legal documents/memorandums and performs other “due diligence” procedures in connection with the property.
• Reviews, approves, and processes requests for capital contributions to property specific partnerships.
• Performs other duties and responsibilities as assigned.

Knowledge of

• Fundamental concepts, principles and practices of the real estate industry or investment analysis are beneficial but not required. Substantial training will be provided in real estate investment analysis, underwriting, and LIHTC requirements.

Skill in

• Experience in reviewing standard real estate documentation including financial projections, loan documents, various legal memorandums, draw requests, rent rolls, property financial statements, and certificates of occupancy/building permits is beneficial but not required. Substantial training will be provided
• Reading and understanding standard real estate and LIHTC specific documentation.
• Experience in real estate financial projections is beneficial but not required.
• Operating standard office equipment and using required software application to produce correspondence, reports, electronic communication, and spreadsheets.

Ability to

• Communicate effectively in both oral and written formats.
• With some guidance/supervision, organize, manage and track multiple detailed tasks and assignments with frequently changing priorities in a fast-paced work environment to meet required results.
• Provide accurate and high quality work product in a timely manner.
• Proactively demonstrate readiness and ability to initiate action.
• With some guidance/supervision, work independently as well as collaboratively within a positive team environment.
• Compile data from multiple sources, review, and accurately input data into various spreadsheets or database
• With some guidance/supervision, identify required tasks, develop timelines and execute.
• Project a positive, professional image both internal and with external business contacts.
• Convey information clearly and effectively through both formal and informal documents.
• Identify relationships, draw logical conclusions and interpret results for use in decision making.

Educational/Previous Experience Requirements

• Bachelor’s Degree (B.A.) in business, finance, accounting or related field.
• OR ~
• Any equivalent combination of experience, education, and/or training approved by Human Resources.

Licenses/Certifications

• None required.

Travel Required: Yes, 10 % of the Time

Education

Bachelor’s (Required)

Work Experience

General Experience - 13 months to 3 years

Certifications

Travel

Less than 25%

Workstyle

Resident

The total compensation for this position includes base salary or wages, and may include components such as additional compensation (cash or equity), discretionary bonuses, or commissions. This position is eligible for a benefits package that may include medical, dental, and vision; life insurance; critical illness insurance and accident insurance; disability benefits; retirement savings; paid time off (including vacation, holidays, and sick leave); and parental leave. Eligibility for benefits and specific offerings may vary based on position and employment status. To view more details of the benefits offered, visit Myrjbenefits.com.

At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm’s core values of client-first, integrity, independence and a conservative, long-term view.

We expect our associates at all levels to:

• Grow professionally and inspire others to do the same
• Work with and through others to achieve desired outcomes
• Make prompt, pragmatic choices and act with the client in mind
• Take ownership and hold themselves and others accountable for delivering results that matter
• Contribute to the continuous evolution of the firm

At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.