Development Finance Manager

Description:

We're looking for a Finance Manager to support the acquisition, rehabilitation, capitalization, and stabilization of affordable multifamily developments. This role focuses on financial analysis, deal structuring, and maintaining organized, efficient processes, while partnering closely with development, construction, and external stakeholders. We have a fun, supportive culture and are looking for someone who wants more than just a job. This is a great opportunity for someone who wants to build a long-term career, grow professionally, and gain exposure to different sides of the business while being part of a team that truly enjoys working together. We offer competitive pay and benefits, with salary negotiable based on experience.

Requirements:

The Development Finance Manager plays a critical role in supporting the acquisition, rehabilitation, capitalization, and stabilization of affordable multifamily developments. This position requires detailed financial analysis, strong organizational skills, and process orientation. The Development Finance Manager collaborates with Development Project Managers, construction managers, contractors, real estate owners/managers, lenders, attorneys, investors, and other partners. Strong oral and written communication skills and interpersonal abilities are essential for success in this role.

Job Responsibilities:

1.

Financial Modeling and Analysis:

Develop and maintain complex financial models in Excel for multifamily development projects. Collect and integrate project data, including construction cash flow requirements, operating income/expense projections, and financing assumptions for project pro formas. 2.

Due Diligence and Market Research:

Conduct due diligence and analyze market factors that may influence the viability of development projects. Arrange third-party reports, including market studies, appraisals, and property tax analyses. 3.

Budgeting and Scheduling:

Create and update project budgets and schedules, reporting variances and critical decision points. Oversee and review construction draws and predevelopment costs. 4,

Transaction Management:

Prepare closing statements and entries for real estate purchase and sale transactions. Coordinate delivery of first-year tax returns and audits within established timeframes. 5.

Document Preparation and Communication:

Prepare reports, memos, letters, spreadsheets, and other documents using Microsoft Office. Assist in the development and coordination of special projects as assigned.

Skills & Qualifications:

To perform the job successfully, an employee should demonstrate the following competency standards Bachelor's degree in Finance, Accounting, Real Estate, or a related field (or equivalent combination of education and experience) required. Master's degree in Finance or Accounting, or CPA certification, or 5-7 years of experience in real estate development finance, affordable housing, or a related field is preferred. Proficiency in Excel modeling (multifamily modeling preferred). Strong understanding of projections, budgets, real estate research, and construction scheduling. Ability to read and analyze due diligence reports, construction plans, leases, legal documents, and financial records. Outstanding interpersonal and communication skills, both written and verbal. Energy and commitment to fostering a collaborative and inclusive work environment. Exercise independent judgment and decision-making capabilities. Familiarity with affordable housing finance programs. Ability to follow OSHA guidelines and rules contained within the Lone Pine Associates Employee Handbook. Valid driver's license, reliable transportation, and the ability to travel as needed. Work Schedule The position will be 40 hours per week in the corporate office located in Enterprise, OR, or from satellite office in Boise, ID. Travel to offsite locations will be periodically necessary for training, meetings, or events. Alternate workdays and remote office work must be preapproved by your supervisor.