Commercial Real Estate Financial Closing Manager Job at Enterprise Community Partners, Inc.
Enterprise Community Partners, Inc. Remote
$80,000 - $90,000 a year
Enterprise is a national nonprofit that exists to make a good home possible for the millions of families without one. We support community development organizations on the ground, aggregate and invest capital for impact, advance housing policy at every level of government, and build and manage communities ourselves. Since 1982, we have invested $54 billion and created 873,000 homes across all 50 states – all to make home and community places of pride, power and belonging.
Join us at enterprisecommunity.org.
Working at Enterprise
At Enterprise, you’ll be part of a diverse, committed team making a difference every day. You will collaborate with some of the smartest minds and biggest hearts in our field. You’ll be empowered to drive systems change and take bold steps to advance racial equity. And you will find a career home where you’re valued and supported in your growth journey.
Enterprise offers career opportunities in our
offices across the country
with an
exceptional benefits package
.
Job Description Summary
Enterprise Community Asset Management is seeking a highly organized individual experienced in the closing and funding process for multi-family or commercial real estate developments.
The role is one of three Equity Managers that share in the oversight and responsibility of approving the funding of approximately $700 MM in investor equity each year in support of affordable housing development across the country. An Equity Manager utilizes a checklist of requirements in approving the periodic release of funds, but must be prepared for exceptions and alternative recommendations that serve the best interests of the residents, projects, investors, and development partners. The Equity Managers work together confirm one another’s work prior to funding, as well as that of two junior members of the team.
Successful Equity Managers are highly independent, strong project managers that offer excellent customer service. They are able to assess the risks and benefits of inevitable surprises, and able to make recommendations based upon knowledge of a larger perspective and goal of a successful affordable housing project. They are knowledgeable of particular developer and investor concerns, and can anticipate potential conflicts early. They are highly organized, proactive, and accurate. They use corporately-available tools to gather and share information with colleagues. They track the status of dozens of projects in various stages of development and are able to report progress as requested. They are knowledgeable of the documents they are collecting and know when to ask for help when necessary.
Salary Range: $80,000-$90,000
Job Description
Qualifications:
- 5+ years of experience in real estate financial closings and funding for multi-family or commercial projects. Years of post-graduate education in related field can serve as equivalent of years experience.
- Demonstrated project management and customer relations experience.
- Experience in affordable housing financial transactions, escrow agent responsibilities, and/or paralegal qualifications a plus.
- Demonstrated ability to organize and quickly adjust priorities under significant time pressure to meet shifting deadlines.
- Demonstrated verbal communication and interpersonal skills to represent company to development and investor partners.
- Demonstrates professionalism, composure, and flexibility amidst a variety of situations.
- Excellent organizational skills and ability to coordinate complex activities, prioritize conflicting demands and coordinate amongst a team.
- Highly independent with ability to recognize circumstances where assistance is needed.
- Ability to work on a team, reviewing and approving peer work. Comfort with work being reviewed by peers.
- Demonstrated ability to work productively and accurately in a fast-paced environment with multiple projects and stringent deadlines.
- Ability to work evening and weekend hours during occasional peak periods.
Responsibilities:
- Serve as a key and often primary point of contact for 60 to 80 concurrent projects in various stages of construction or lease-up.
- Act as project manager, tracking responsibilities, progress, and concerns related to construction, financing partners, and timely investor reporting.
- Attend regular financing/closing calls, representing Enterprise and communicating to/for colleagues as needed.
- Communicate daily in writing, by phone, and via tele-conference understanding and sharing customer and Enterprise needs.
- Collect, review, and approve—or disseminate for same—a myriad of documents related to projects.
- Collect, review, and prepare financial models of project financial sources and costs.
- Confirm wiring instructions.
- Understand and communicate deadlines, manage customer expectations.
- Forecast the timing of project and funding milestones/deadlines.
- Review and approve peer work product, ensuring accuracy and compliance with established policies and procedures.
- Coordinate portfolio coverage among peer colleagues, rebalancing and supporting as business needs require.
- Participate in and contribute to group meetings and discussions.
- Assist with other department priorities as requested (e.g., syndication, investor relations, assistance to other lines of business).
- Performs other duties as assigned.
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