Asset Resolution, Analyst at Enterprise Community Partners – Columbia, Maryland

Asset Resolution, Analyst
Location: Remote Location
Time Type: Full time
Requisition ID: REQ3649

Enterprise 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 $80.9 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.

Join us at enterprisecommunity.org

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 Analyst, Asset Resolution will be responsible for producing high level reporting and centralized data management for the Asset Resolution team. The position is responsible for ensuring the assigned Directors have the necessary data to actively manage risk and will support the Asset Resolution team with the evaluation of property financial performance; strategic planning with General Partners/Sponsors, funders and regulatory agencies to find solutions to on-going problems; and identifying and communicating risks/problems via internal and external reporting procedures. In addition, the Analyst will assist in providing information to various stakeholders, applying for loans and grants on REO (real estate owned) properties, reviewing loan or partnership requirements, tracking key deadlines, completing reports for various agencies, completing applications for insurance, providing prospective GPs with due diligence and collecting due diligence, analyzing and summarizing all components of proposed workout, preparing Board and various committee reports, help responding to investor questions and maintaining the relevant sections of our internal database.

Job Description

Responsibilities:

• Assist with the collection of Financial Statements on properties
• Follow-up on occupancy information
• Research LPA requirements (e.g. Guarantee requirements)
• Prepare and collect non-disclosure agreements
• Manage share files for due diligence collected from prospective GP candidates
• Establish due diligence folders for the partnership for perspective GPs to review
• Coordinate meetings as needed
• Collect and track due diligence from perspective GPs
• Track status of loan closing or legal documents, help obtain signatures
• Complete ad hoc financial analysis and run cash flow models
• Collect and respond to ad hoc partner and investor reporting requests for information and updates
• Assist with the completion of various local regulatory forms for partnerships (Annual Owner’s Certificates, State registrations, etc.)
• Assist in the coordination of communication and documentation between both internal and external stakeholders (e.g. obtain list of documents needed for a GP change from each stakeholder (e.g. lenders, State, City, County, etc.), provide documentation and respond to questions.
• Conduct ad hoc research requests (e.g. research warranties, obtain quotes from venders such as security companies or cleaning companies, quotes for capital improvements or system repairs)
• Insurance (track deadlines, assist with renewals and completing applications)
• Assist with Workout Committee and Board reports
• Assist with project performance reporting (editing, setting-up folders)
• Assist with filing all completed documents in EPIC
• Help maintain EPIC – Workout Page, REO page
• Help management of Workout Committee meetings, approvals, follow-up, tracking PPR approvals
• Assist with ensuring all audits are completed
• Assist with preparing REO notices (when we enter and exit properties)
• Track completion of compliance issues (e.g. on 8823s) on workout or REO properties
• Help track rent increases
• Assistance applying for grants and loans as needed
• Preparing construction draws as needed

Qualifications:

• Bachelor’s degree or equivalent is required.
• 3-5 plus years’ experience with real estate, housing programs, finance, accounting, law, and/or property management desired.
• Strong financial analysis skills required.
• Familiarity with loan documents, partnership agreements, contracts, and other legal documents.
• Knowledge of real estate with strong problem solving and negotiating skills required.
• Knowledge of LIHTC and Salesforce preferred.
• Strong Excel and Database skills required.
• Ability to work evening and weekend hours during peak periods required.
• Strong organizational skills and interpersonal skills required.
• Ability to work within a team environment.
• Ability to perform multiple tasks and manage competing priorities in a fast-paced environment.
• Ability to establish and maintain solid working relationships with internal and external customers.

Physical Demands/Working Conditions:

• Ability to climb stairs offsite at project sites.
• When visiting project sites, incumbent may be exposed to varying environmental conditions (e.g., outdoor weather, dirt, dust, and other construction work site hazards).
• Valid driver’s license required.

Salary Transparency

You will be joining a team of talented professionals 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 pay range for this position is $75,000 – $90,000. The salary range represents the low and high end of what may be paid for this position. It is not typical for an individual to be hired at or near the top of the pay range, and compensation decisions may be influenced by a variety of factors, including skills, qualifications, experience, and location.

Total Rewards at Enterprise

This range is just one component of our total rewards package, which also includes annual performance bonuses and generous paid leave programs.

Our benefits form a major part of the total rewards package. These include dental, health, and vision care plans, as well as family-building benefits such as adoption and surrogacy support. Enterprise supports flexible work arrangements to promote work-life balance and offers health advocacy, an Employee Assistance Program (EAP), and mental health benefits. We round out our package with financial education, wellness programs, and auto-enrollment in the company’s 401(k) plan with employer matching contributions.

Finally, you will have access to learning and development opportunities, including tuition reimbursement for job-related courses and certifications. Thank you for your interest in joining the Enterprise team and contributing to our mission to serve others.

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