Commercial Real Estate Financial Closing Manager

Enterprise Community Asset Management is seeking a highly organized individual experienced in the closing and funding process for multi-family or commercial real estate developments.
The role is one of three Equity Managers that share in the oversight and responsibility of approving the funding of approximately $700 MM in investor equity each year in support of affordable housing development across the country. An Equity Manager utilizes a checklist of requirements in approving the periodic release of funds, but must be prepared for exceptions and alternative recommendations that serve the best interests of the residents, projects, investors, and development partners. The Equity Managers work together confirm one another’s work prior to funding, as well as that of two junior members of the team.
Successful Equity Managers are highly independent, strong project managers that offer excellent customer service. They are able to assess the risks and benefits of inevitable surprises, and able to make recommendations based upon knowledge of a larger perspective and goal of a successful affordable housing project. They are knowledgeable of particular developer and investor concerns, and can anticipate potential conflicts early. They are highly organized, proactive, and accurate. They use corporately-available tools to gather and share information with colleagues. They track the status of dozens of projects in various stages of development and are able to report progress as requested. They are knowledgeable of the documents they are collecting and know when to ask for help when necessary.
Salary Range: $80,000-$90,000

• Demonstrated verbal communication and interpersonal skills to represent company to development and investor partners.
• Demonstrated ability to work productively and accurately in a fast-paced environment with multiple projects and stringent deadlines.
• 5+ years of experience in real estate financial closings and funding for multi-family or commercial projects. Years of post-graduate education in related field can serve as equivalent of years experience.
• Experience in affordable housing financial transactions, escrow agent responsibilities, and/or paralegal qualifications a plus.
• Excellent organizational skills and ability to coordinate complex activities, prioritize conflicting demands and coordinate amongst a team.
• Demonstrated ability to organize and quickly adjust priorities under significant time pressure to meet shifting deadlines.
• Highly independent with ability to recognize circumstances where assistance is needed.
• Ability to work evening and weekend hours during occasional peak periods.
• Demonstrated project management and customer relations experience.
• Demonstrates professionalism, composure, and flexibility amidst a variety of situations.
• Ability to work on a team, reviewing and approving peer work. Comfort with work being reviewed by peers.

• Assist with other department priorities as requested (e.g., syndication, investor relations, assistance to other lines of business).
• Performs other duties as assigned.
• Participate in and contribute to group meetings and discussions.
• Confirm wiring instructions.
• Attend regular financing/closing calls, representing Enterprise and communicating to/for colleagues as needed.
• Collect, review, and prepare financial models of project financial sources and costs.
• Review and approve peer work product, ensuring accuracy and compliance with established policies and procedures.
• Understand and communicate deadlines, manage customer expectations.
• Forecast the timing of project and funding milestones/deadlines.
• Communicate daily in writing, by phone, and via tele-conference understanding and sharing customer and Enterprise needs.
• Coordinate portfolio coverage among peer colleagues, rebalancing and supporting as business needs require.
• Serve as a key and often primary point of contact for 60 to 80 concurrent projects in various stages of construction or lease-up.
• Act as project manager, tracking responsibilities, progress, and concerns related to construction, financing partners, and timely investor reporting.
• Collect, review, and approve—or disseminate for same—a myriad of documents related to projects.