The Michaels Organization has a full time position available for a Development Analyst in our Chicago Office on Dearborn Street in Chicago, IL 60695. The Development Analyst performs analysis of proposed multifamily real estate developments that qualify for low income house tax credits and conventional multifamily acquisitions. The Development Analyst works in a collaborative environment on the underwriting of multiple affordable housing projects.
Position Duties & Responsibilities:
Create & maintain financial models for development & acquisition transactions, throughout their progress from initial feasibility to closing.
Coordinate with other TMO staff to make sure that all operating, financing, and construction assumptions are accurate.
Work with partners, both internal to TMO & external, to assemble documents & approvals for closing development projects.
Market research, including review & analysis of State Qualified Allocation Plans, market & economic data, zoning & permitting requirements & market trends.
Identify issues, draw logical conclusions and interpret results for use in decision-making with limited oversight.
Develop strong business relationships with other Michaels Organization companies.
Work on special projects as directed by the management team
Zero to three years of real estate project finance or quantitative finance experience. Preference for candidates that have worked for real estate developers or experience with underwriting and closing practices in multifamily affordable housing.
Bachelor’s degree in Finance, Real Estate, Business Administration, City Planning, or another related field required
Required Skills and Abilities:
Ability to prioritize multiple projects and deliverables and incorporate a logical and systematic approach to all required analyses.
Basic knowledge of real estate financial modeling, including: operating pro formas, tax credit equity calculations, construction draw schedules, supportable mortgage calculations, sources and uses statements.
Able to work both independently and collaboratively in a team environment.
Flexible to work extra hours as required.
Basic understanding of multifamily real estate financing mechanisms, including low income housing tax credit financing and project-based Section 8 preferred.
Strong presentation and communication (oral and verbal) skills. Ability to pay close attention to details while maintaining a view of the big picture issues and requirements.
Exceptional proficiency with Excel and Word
Experienced using real estate and financial related software and applications.
Travel Percentage: 10-20%
Bachelors or better in Finance or related field.required.
Zero to three years of real estate project finance or quantitative finance experience required..
Preference for candidates that have worked for real estate developers or experience with underwriting and closing practices in multifamily affordable housing preferred..
- Property Management
1+ to 2 years
This job is no longer active.