Project Analyst

  • Competitive
  • Los Angeles, CA, USA
  • Permanent, Full time
  • Hunt Mortgage Group
  • 21 Nov 17 2017-11-21

Project Analyst

Hunt Capital Partners seeks an experienced and highly motivated individual to join our company as a Project Analyst. In this role, the Project Analyst will support the Asset Management, Project Management and Investor Reporting departments. The primary function of this position will be to 1) evaluate borrower draw requests and release of funds when established benchmarks are achieved, recommend and obtain approval from Senior Management, and maintain draw documentation and other information in Hunt's database systems, 2) analyze the financial statements and occupancy reported by the General Partners to monitor property performance, and 3) assist with the preparation of investor reports. The position will be based in Encino, CA.

Job Functions:

  • Assist Portfolio Manager and Project Manager in releasing equity installments and loans to the lower-tier
  • Prepare project sources and uses budgets and establish project milestones in database, including "Tickler System" and following up as required with Project Managers regarding post-closing requirements or exception items prior to disbursement of
  • Review and monitor compliance of partnership agreement and loan Conduct detailed analysis of sources and uses, interest reserves, development deficits, timing of subsidy funding, documentation deficiencies, and budget adequacy. Tasks include, but are not limited to:
    • Review lien releases, title updates, inspection reports, proof of builder's risk insurance and other required insurance renewals, soft cost invoice verification, and other required documentation;
    • Reconcile draw with third party construction lenders;
    • Identify budget variances and provide notice of change orders or any potential cost exposures to Project Managers and Asset Management team;
    • Provide ongoing guidance to our developer partners to ensure continued compliance with established guidelines and protocols and to ensure conformity with timeline assigned to construction phase through lease-up.
  • Collect and validate property financial data and Partnership Agreement terms with internal database
  • Assist in coordinating with internal and external parties on collection of initial leasing reports, property insurance, and various required project documentation and information during the first 90 days of operations including, Qualified Occupancy Summaries, Rent Rolls and Monthly Operating
  • Work with Project Managers in establishing guidelines and compliance protocols to support transition efforts from construction phase to operational phase of the
  • Assist in system implementations, which include testing systems for reliability and accuracy and developing
  • Conduct internal audits of General Partner and/or Property Management Agents which address identified operating
  • Assist with the successful completion and delivery of quarterly Investor Reporting packages, which includes the quarterly review of lower-tier operations and other summary schedules needed for quarterly
  • Conduct review of Annual Property Financial Statement Audits
  • Ensure compliance with Partnership Agreements,
  • Identify positive cash flow for distribution, and
  • Validate the reliability of the interim financial
  • Assist with Special Projects as
Requirements:
    • Bachelor's Degree in Accounting or Finance with an interest in Real Estate is Other Educational Studies in other studies with relevant work experience will be considered.
    • Familiarity with the Low-Income Housing Tax Credit (LIHTC) Program
    • Ability to manage and organize large volumes of data through database systems
    • Key skills and traits include property and partnership accounting principles, real estate concepts, high attention to detail, self-starter, efficient time management, critical thinker, inquisitive, flexible, and strong organizational
    • Proficiency in MS-Excel, MS-Word and other MS-Office
    • Excellent verbal and written communication
    • Limited travel as needed