FINANCIAL ANALYST
At Gorman & Company, we believe that our people are our most important asset. As a Financial Analyst, you are responsible for real estate development forecasting and modeling (profitability/pro forma), preparing preliminary and final development cost estimates, sources and uses, operating statements, cash flow analysis, and supporting schedules. This position reports to the Director of Development Operations. Our team members are passionate about making a difference in our residents' lives, we build outstanding communities and serve a diverse group of residents. Learn more about Gorman at www.gormanusa.com.
As a Financial Analyst, you will:
- Assist in preparing/completing application materials for applicable government/other funding programs and respond to any concerns to resolve deficiencies, prepare post-award documentation, and submit according to deadlines.
- Interact closely with internal staff (construction, architecture, property management) to confirm assumptions included in development forecasts and models.
- Review historical and current financial reports (income statements, balance sheets) to assist in underwriting financial models.
- Estimate unknown variables necessary for financial underwriting of developments based on research, historical data, and interactions with industry professionals.
- Maintain/update the financial models that are created throughout the entire predevelopment/development process from a project's inception to the project's closing.
- Calculate tax credit adjusters based on information that is included in the executed operating agreement.
- Produce memos and information/investor packages for internal and external distribution. External information is provided to potential tax credit investors, debt providers, and property owners.
- Assist in completing and submitting applications and necessary documentation for tax credits (low-income, historic, New Market, etc.), AHP funds, HOME funds, CDBG funds, TIF funds, Requests for Proposals (RFPs), etc.
- Research potential development sites, potential financing sources for new developments, changes within the real estate industry, and industry drivers.
- Conduct analysis of the value of current projects in the Gorman portfolio, as well as properties that are for sale.
- Respond to inquiries from debt providers, equity providers, housing authorities etc. concerning potential projects, as well as projects in the Gorman portfolio.
- Review commitment letters, operating agreements, term sheets, letters of intent etc. to determine the information that is contained within the document.
- Interpret how the information contained in commitment letters, operating agreements, term sheets, letters of intent etc. will affect a project and/or the Company.
- Conduct various ad hoc financial calculations as requested.
Financial Analyst Qualifications:
- Bachelor's degree in Finance, or related field required.
- Two to four years of similar experience required.
- Experience working with lenders, and debt and equity providers.
- Experience with underwriting and structuring real estate development projects, negotiating operating agreements, sources and uses, and capital stacks is required.
- Strong financial acumen, economics experience, and enjoys working with numbers.
- Possess the ability to gather, assemble, correlate and analyze facts, data and instructions; to devise solutions to problems; to prepare concise reports and develop and evaluate procedures.
- Ability to organize and prioritize work and adjust to shifting priorities.
- Ability to work independently with limited supervision.
- Proficiency in Microsoft Office Products.
Why work with us at Gorman?
- Competitive salary starting at $70,000 per year!
- Full Benefits: Medical, Dental, Vision, Long and Short Term Disability, and more!
- Paid Parental Leave
- 401K Match (up to 6%)
- Employee Assistance Program
- Team Member Development & Training
Gorman & Company is a trusted partner in the community specializing in downtown revitalization, the preservation of affordable housing, workforce housing, and the adaptive reuse of significant historic buildings.
Gorman & Company is an Equal Employment Affirmative Action Employer
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Gorman & Company
parental leave, short term disability, 401(k)
Dec 04, 2024