Senior Development Associate (Finance Coordinator)
Willamette Neighborhood Housing Services (WNHS) is a private nonprofit community development organization and member of the NeighborWorks® Network. WNHS is based in Corvallis Oregon with offices in Salem, Eugene, and Oregon City, Oregon. WNHS serves a multi-county area that builds residential, commercial, and mixed-use projects in both urban and rural communities. WNHS is recruiting for the position of Senior Development Associate/Finance Coordinator.
We offer a competitive salary and benefits, and are committed to professional growth, teamwork, and diversity. An application for this position consists of a cover letter that describes how your education and experience prepare you for this position, a resume, and three references. The application deadline is 5:00 p.m., May 31, 2019. See below for additional information regarding the available position.
Job Status: Full Time, Salaried, Exempt
Job Site: Preference for Corvallis or Springfield offices (negotiable), with some travel
Job Salary: Salary commensurate with experience ($65,700 – $90,000 per year); Benefits include medical, dental and vision insurance; a deferred compensation retirement plan that includes an employer match (eligibility for the plan begins after one year of employment); and paid vacation, sick leave and holidays. Supervisor: Director of Real Estate Development
Purpose of Position
The Senior Development Associate/Finance Coordinator is responsible for overseeing and assisting the Director of Real Estate Development with driving all aspects of financing related to the WNHS’ development portfolio. Responsibilities will include: conducting feasibility analysis; developing detailed financial pro formas; writing applications for and securing project financing; coordinating the services of other development professionals (as needed); negotiating agreements (as needed); and the management of multiple projects/staff/consultants simultaneously.
Projects will include new construction and acquisition/rehab of multifamily housing, single family housing, community facilities, and mixed-use projects. The Senior Development Associate/Finance Lead will have experience working with a wide range of sources, including LIHTC, HOME, USDA Rural Development, CDBG and other sources.
The Senior Development Associate/Finance Coordinator works closely with the Director of Real Estate Development as well as other WNHS staff and programs, including: Asset Management, the Community Engagement and Healthy Communities Program, the Homeownership and Homeownership Preservation Programs, and Fiscal Administration. The position requires considerable initiative, independent judgment, a high level of technical skills, and skilled collaboration with a variety of public and private organizations.
Typical Examples of Work
The Senior Development Associate/Finance Coordinator may perform any or all of the following duties, directly and/or indirectly through the work of other staff supervised by the Director as well as through contracts for professional services. This list is illustrative and does not include all of the specific tasks the employee may be expected to perform.
- Use a variety of data collection tools and procedures to conduct community needs’, market, and project feasibility assessments.
- Develop and update project pro formas, including: predevelopment, development, operating budgets, as well as sources of construction and permanent financing.
- Solicit, negotiate, and secure project financing from a variety of public and private sources.
- Coordinate with other staff and organizations to develop plans for providing supportive services.
- Draft requests for qualifications/proposals, as well as negotiate, prepare, and manage contracts for a variety of development professionals.
- Coordinate outreach to impacted neighborhoods, develop community support, and maintain positive neighbor and community relations during all phases of the development process.
- Monitor compliance with all grant, lender, and investor requirements.
- Monitor project expenditures and progress, and establish mechanisms for assuring that projects are completed on time and within budget.
- Provide staff support to a real estate development subcommittee of the Board of Directors.
- Serve as a resource to the WNHS Asset Manager and property managers on long term capital improvement plans, grant compliance, the rehab of properties in WNHS’ portfolio, and other matters.
- Other specific projects as assigned or developed
Supervision exercised and received:
The Senior Development Associate/Finance Coordinator may supervise others, including regular employees and interns; and frequently manages subcontracts for professional services. This position reports to the Director of Real Estate Development.
Requirements (Knowledge, Skills and Abilities):
A demonstrated knowledge of:
- all phases of real estate development from concept development to project implementation for both multifamily rental and homeownership projects
- public and private sources of affordable housing financing including, but not limited to, LIHTC, HOME, USDA Rural Development, CDBG, and a variety of other public and private sources
- typical operating expenses for multifamily rental properties
- the principles and practices of project and risk management
- methods for assuring project progress and costs are on schedule and within budget
- the relationship among project financing, project construction standards, and the ability of the owner to maintain the asset over a long period of time.
The ability to:
- effectively coordinate and communicate with development teams that include other WNHS employees, consultants, architects, engineers, builders, public and private sources of financing , and local and state government officials
- evaluate site conditions, develop alternative project concepts, and develop conclusions about project feasibility
- create complex spreadsheets for the financial modeling, forecasting, and analysis of real estate development projects
- negotiate and manage agreements and contracts
- communicate information clearly and accurately in writing, by phone, face-to-face, in public, and before public bodies
- establish and maintain effective relationships with individuals and groups
- operate office equipment, especially personal computers using word processing, spreadsheets, databases, email, and calendar/scheduling programs
- visit and navigate active construction sites
- create and maintain manual and computerized filing and record-keeping systems.
Any combination of education and experience that would likely provide the required knowledge and skills is qualifying. A typical way to obtain the required knowledge and skills would be:
- A masters degree with major course work in areas such as finance, business, real estate, planning, community development, public policy, or a related field; and
- Two-four years of experience related to affordable housing finance and development.
The Senior Development Associate/Finance Coordinator must also:
- have or be able to obtain a valid Oregon Driver’s License and provide his or her own transportation for frequent local travel and occasional travel to other locations in Oregon; and occasionally (once or twice a year) travel out of state to attend multi-day meetings and conferences
- complete both criminal background and credit checks prior to being hired, the results of which are satisfactory to the employer.
To Apply: Applications must arrive at the WNHS office no later than 5:00 p.m., May 31, 2019. An application consists of a cover letter that describes how your education and experience prepare you for this position, a resume, and three references. Applications should be emailed to: Erin Grimshaw, email@example.com.
NEDCO/WNHS is an Equal Employment Opportunity Employer. All qualified persons are encouraged to apply. Applications for employment will be considered without regard to race, color, national or ethnic origin, religion, gender, gender identity, sexual orientation, marital status, age, disability, and any other characteristic protected by applicable law.
Studies have shown that women and people of color are less likely to apply for jobs unless they meet every one of the qualifications listed. We are most interested in finding the best candidate for the job, and that candidate may be one who comes from a less traditional background. If you meet key qualifications for the job, and believe you would be the best fit, we would encourage you to apply; please use your cover letter to explain how you will accomplish parts of the job for which you have less experience. If you are unsure whether you meet the qualifications of this position, please feel free to contact us.
NEDCO/WNHS values diversity and supports a positive, welcoming environment where all of our employees can thrive. We strive to hire a workforce representative of the communities we serve, understanding a diverse workforce strengthens our organization.