Transition Asset Manager

Raymond James Financial, Inc.; Saint Petersburg (FL); On-site; USD 65,000 - 90,000; Full time

Job summary

Raymond James Financial, Inc. in Saint Petersburg, FL seeks a Real Estate Due Diligence Analyst to review and update property investment files, LIHTC documentation, and financial projections. You will coordinate with multidisciplinary teams to ensure accuracy and compliance with investment criteria.

The role requires strong analytical abilities, effective communication, and the capacity to manage multiple tasks in a fast-paced environment. Travel about 10% may be required.

Qualifications

• Bachelor’s degree or equivalent combination of education/experience.
• Experience in real estate investment analysis or LIHTC is beneficial but not required.
• Strong written and verbal communication skills required.

Responsibilities

• Review standard real estate documentation for consistency with RJAHI requirements and investment criteria.
• Update financial projections to reflect actual property performance.
• Review property financial statements, tax returns, LIHTC documentation and related materials.
• Review, approve, and process capital contribution requests to property partnerships.
• Perform other duties as assigned.

Skills

Real estate analysis

Documentation review

Data entry in spreadsheets

LIHTC knowledge (beneficial)

Education

Bachelor’s Degree in business/finance/accounting

Tools

Excel

Word

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