Virtual Real Estate Assistant Jobs in Reston, VA

The Housing Opportunities Commission of Montgomery County (HOC) was established in 1974 to better respond to the County's need for affordable housing. HOC is authorized to acquire, own, lease, and operate housing; to provide for the construction or renovation of housing; obtain financial assistance from any public or private source to assist its housing activities; and arrange for social services, resident services, and daycare.

Job Description:

This position is responsible for assisting the Vice President of Real Estate Development in ensuring the quality of all Real Estate Development Division project financial analysis; coordinating alignment among the Finance, Property Management, Asset Management, and Mortgage Finance divisions on financial projections and assumptions; organizing development capital resources and structuring their use; and leading all acquisitions and refinancing projects. This position reports to the Vice President of Real Estate Development.

The person in this position requires an intensive knowledge of all aspects of housing development, of the principles and practices of multifamily real estate, and of capital raising and structuring. The incumbent is expected to be capable of controlling all aspects of work assigned within the limits of agency objectives and available resources in consultation with supervisor. The person must be able to use experience, general real estate and development practices, and own initiative to develop guides for own work. The work consists of duties which recur in unpredictable patterns controlled by economic, political, and legislative eventualities; progress of specific developments; and the resolution of problems as they arise.

Contacts are with executive staff and other employees throughout HOC, with the President/Executive Director and HOC Commissioners as well as with officials of other government agencies, professional consultants, and representatives of private organizations. HOC's high volume of real estate activity is sustained by active cultivation of relationships with local, State, and Federal government; the private non-profit and for-profit development sector; and capital partners. This position requires an exceptionally high level of internal and external coordination, reporting, and collaboration

Examples of Duties:

• Provide support for RED project managers on pro forma modeling, including analysis of cost-benefit and sensitivity analysis of various financing structures, and coordination of project assignments for Senior Financial Analysts and Financial Analysts.
• Develop and implement quality control processes for RED pro forma models.
• Act as RED project manager for all acquisition and refinancing transactions, including transaction structuring, underwriting, due diligence, and closing.
• Assist the Vice President of Real Estate Development in maintaining adequate division capital resources.
• Assist the Vice President of Real Estate Development in managing relationships with key capital partners and capital sourcing partners.
• Facilitate discussions between RED project managers and capital partners.
• Manage progression of all acquisition and refinancing projects on behalf of the Real Estate Development division including gaining board approval and the timely preparation of board materials.
• Make presentations to the Commission on individual projects as well as on division initiatives.
• Act as liaison with Mortgage Finance division on pipeline coordination, fee income projections, capital structuring and modeling, and reconciliation of transactional underwriting.
• Participate in discussions with HOC's financial advisor on transactional underwriting and structuring matters, and provide reporting and advice to the Vice President of Real Estate Development based on these discussions.
• Coordinate with Mortgage Finance on keeping GO capacity analysis current, including the impact of projected transactions.
• Act as liaison with the Asset Management Division on pipeline coordination, analysis of asset performance on existing financing, and development of asset management strategies to produce optimal economic outcomes for HOC.
• Act as liaison with Property Management Division on pipeline coordination, analysis of property performance on existing financing, and development of property management strategies to produce optimal economic outcomes for HOC.
• Act as liaison with the Finance Division on pipeline coordination, fee income projections, capital structuring and modeling, and timely movement of transaction-related funds.
• Coordinate with the Finance Division on producing ongoing analysis of long-term capital demands related to existing project financing and related property performance.
• Track and report on use of Capital Improvements Program funds, including performance and utilization.
• Track and report on use and repayment of Housing Initiative Fund funds, including performance and utilization.
• Track and report on use of the Housing Production Fund funds, including performance and utilization.
• Develop corporate-level dashboards focused on the aggregation of transactional financial projections and project-specific projections.
• Perform related and other duties as assigned.

Minimum Qualifications

Experience:

• At least seven years of increasingly responsible experience in the field of financing the development, redevelopment, acquisition, and renovation of housing, including housing for low- and moderate-income households.

Education:

• Graduation from an accredited college or university with a Bachelor's degree in a related field.

Knowledge, Skills & Abilities:

• Knowledge of all phases of housing development.
• Knowledge of all aspects of federal, state, and local laws and regulations regarding the development of housing.
• Knowledge of the principles and practices of the real estate field, including market values, market potential, sales, purchase and closing procedures, etc.
• Knowledge of affordable financial tools, including LIHTC equity, tax-exempt bonds, subordinate financing, private loans, and private equity.
• Knowledge of instruments of the money market.
• Ability to represent quantitative analysis of real estate financial transactions through pro forma modeling and ability to explain the analysis orally and in written form.
• Ability to provide complex analysis and actionable recommendations based on that analysis.
• Ability to understand laws pertaining to low- to moderate-income housing development.
• Ability to speak comfortably and effectively in public.
• Ability to make reasoned, rational, effective presentations to HOC's Commission.
• Ability to supervise consultants.
• Ability to communicate clearly both orally and in writing.
• Ability to deal with others equitably, effectively, and tactfully.
• Ability to perform other related duties as assigned.

Financial Disclosure Statement:

Your position is designated by the County Executive as one requiring the incumbent to file a Public Financial Disclosure Statement (FDS) pursuant to Montgomery County EthicsPolicy. You must file a FDS within 15 days of your hire date, on an annual basis, and when you leave this position

* Grade 28 - Min: $86,412 / Mid: $116,527 / Max: $146,641 | Salary determined by departmental budget - Offer commensurate with experience.

HOC is an equal-opportunity employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex, race, color, age, national origin, religion, disability, genetic information, marital status, sexual orientation, gender identity, gender reassignment, citizenship, immigration status, protected veteran status, or any other basis prohibited under applicable federal, state or local law. HOC promotes a drug-free workplace.

HOC conducts criminal background checks, employment reference checks, and where applicable, reviews driving records to determine employment suitability. Selected applicants will be required to submit to pre-employment drug and alcohol screening. Employment is contingent upon drug and alcohol test results.