Senior Transactions Manager, Asset Management (Hybrid- Baltimore, MD)

E nterprise 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 $72 billion and created 1 million homes across all 50 states, the District of Columbia, Puerto Rico and the U.

S. Virgin Islands - all to make home and community places of pride, power and belonging.

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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

The Senior Transactions Manager supports the execution of transactions critical to the overall performance and strategic direction of ECD's affordable multi-family portfolio.

Properties in the ECD portfolio may have complex organizational (multiple debt and equity layers) and regulatory considerations and are located in Washington, DC, Maryland, Pennsylvania, and Virginia.

The Senior Transactions Manager will support the Director in executing on property level refinancings, Year-15 transactions, property dispositions, review of acquisitions and new developments underwriting, and analyzing commercial property transactions including license agreements with telecommunications providers.

The Senior Transactions Manager will work with the Data & Reporting team and others to leverage and improve existing resources in support of transactions.

The Senior Transactions Manager will also be assigned special projects on an as needed basis. This position will work with external and internal stakeholders and must have strong analytical, problem-solving, organizational and communication skills.

Job Description

Abstract, review, evaluate and create / maintain a database of debt terms across the portfolio- interest rates, balloons, maturities, swaps, caps, redemption options and prepay provisions to advise on capital planning, risk assessment and financing opportunities and execute refinancings.

Prepare financing underwriting via due diligence, including directing a review and inquiry of asset management.

Review and approve underwriting by originator prior to submission for quotes. Research and manage consent requirements, application of capital transaction proceeds and the subordination process with other lenders.

Manage stakeholders to achieve transaction timeline.

Monitor Year-15 status across the portfolio to plan for , manage and evaluate the timing of tax credit investor partner exits.

Identify opportunities for early partner exits and mitigating activities to be addressed on a timely basis (e.g. actions to influence partner capital account balances and property reserves pending exit options).

Review and abstract LPA, ROFR and other applicable document provisions, prepare and monitor capital account analysis, prepare exit analysis with proposed buyout terms, identify and mange consent requirements and assist in exit transaction.

Follow-up with stakeholders to achieve transaction timeline.

• Assist in the preparation and assessment of property valuations and ECD's equity and financing exposure across ECD's portfolio for strategic decision making, Board reporting and property disposition opportunities.
• Manage the property disposition process including hold / sell analysis , broker selection, review of broker underwriting, deal documentation review, internal and external approvals / consents, and closing.

Manage stakeholders to achieve transaction timeline.

• Prepare and maintain a database of rooftop telecommunications license agreements and abstract key quantitative metrics and qualitative considerations for reference in identifying other opportunities and negotiation terms.
• Maintain and organize SharePoint structure for storing transaction documents and correspondence.
• Work with the Data & Reporting team and other areas of ECD to leverage existing reports and information and improve existing resources in support of transactions.
• Prepare policies and procedures and checklists to address efficiencies, standardization and risk mitigation.
• Assist in the preparation of memos and presentations of property level transactions which require internal approvals to ECD's investment committee, ECD Real Estate Committee of the Board, and Board of Directors as applicable.
• Assist the ECD development and acquisition teams in underwriting operating budgets for properties to be acquired / renovated / built.
• Complete accurate, timely internal reports.
• Special projects and other duties as assigned.

QUALIFICATIONS & SKILLS :

• Bachelor's degree or equivalent required, preferably in Accounting, Finance or related field. Master's Degree in Real Estate, MBA or CPA preferred.
• 7+ years multi-family real estate, finance, accounting, and / or asset management experience.
• Strong organizational skills and ability to coordinate complex activities, prioritize conflicting demands and meet deadlines.
• Project management and supervisory experience to manage and direct external relationships with brokers, lenders, legal counsel and other stakeholders and meet transaction timelines.
• Familiarity with private financing and government funding sources .
• Critical judgement, risk assessment and creative problem solving .
• Prior experience in preparing projections .
• Strong verbal communication and business writing skills.
• Demonstrated financial analysis with increasing responsibility in past roles.
• Ability to work independently with limited supervision.
• Ability to read, interpret, and analyze financial statements and complex real estate project documentation including partnership agreements, regulatory agreements, and loan documents.
• Sound understanding of real estate terminology and concepts, including multi-family real estate; working knowledge of LIHTC preferred.
• Strong analytical skills and experience with budgeting and financial modeling.
• Strong MS Excel and PowerPoint skills. Experience with MS Power BI a plus.
• Prior experience with Yardi reporting a plus .
• Highly motivated and able to work independently.
• Must demonstrate strong ethics in interpersonal relations and work as an effective, collaborative team member to produce high-quality results.

Total Rewards at Enterprise :

You will be working with a group of talented professionals who are motivated by serving the community and addressing the need for affordable housing.

Enterprise offers a comprehensive total rewards package for you and your family.

• The base salary range to offer for this role is between $135,000 to $150,000 per year depending on level of skills and experience.
• The salary range for this position is between the low and high end of the range for the amount to be paid for the position.

Salaries paid at Enterprise will vary based on factors that may include skills, education, location, experience, and performance.

The salary range is just a part of the total rewards package provided to employees at Enterprise, and other rewards may include annual performance bonuses and generous paid leave programs.

At Enterprise, our benefits form a major component of our total rewards package. Benefits include dental, health, and vision care plans, as well as family-building benefits, such as fertility, adoption, surrogacy support, and gender-affirming care.

Enterprise allows flexible work arrangements to promote a better work-life balance. We offer health advocacy, EAP, and mental health benefits.

We round out our total rewards package by offering financial education, wellness programs, and auto-enrollment in the company's 401(k) plan with employer matching contributions.

Finally, you will have learning and development opportunities, including tuition reimbursement for job-related courses and certifications.

Thank you for your interest in joining the Enterprise team in our effort and commitment.

• Enterprise Residential is an equal opportunity employer. Qualified applicants for this position will receive consideration for employment without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, age, marital status, protected veteran status, or disability status.
4 days ago