layiq

/la·yiq/adjective

worthy; deserving; fitting; suitable.

A role, opportunity, or path that merits attention, time, and pursuit.

Senior Associate, Portfolio Financial Operations at Lincoln Avenue Communities | LAYIQ

Essential Job Functions
Oversee financials for our real estate portfolio, including completion of annual budgets and review of monthly financials prepared by property management companies, including a budget-to-actual analysis.
Prepare quarterly valuations for all real estate holdings, including calculations of normalized net operating income and discounted cash flow models.
Liaise with property management companies and external accounting firms to review and coordinate property-level financial statement audits.
Calculate periodic distributions for real estate entities based on the waterfall terms in their underlying limited partnership agreements and loan documents.
Collaborate with other departments (asset management, development, etc.) to oversee the maintenance of our newly created database of various property-level metrics and assist with building out automated reporting functionality using this data.
Maintain a quarterly schedule of real estate owned to track DSCRs, LTV ratios, and other metrics requested by lenders.
Prepare calculations of and provide key information on investment transactions, development fees, and asset management fees to Corporate Accounting for use in the quarterly financial statements.
Design, implement, and continually strengthen key policies, procedures, and controls for the finance team as well as those of the property management companies.
Review loan agreements and partnership documents to identify stabilization benchmarks and covenants, then perform testing to confirm a property has met the criteria required for tax credit equity installments.
Perform loan sizing analysis for new construction properties converting from construction to permanent financing to determine the supportable permanent loan amount based on financial results.
Build and maintain relationships with lenders and equity investors to understand their specific stabilization testing and debt-sizing methodologies.
Present testing results and drive the analytical discussion with internal leadership in monthly financial review meetings.
Ensure operating budgets and forecasts for new construction properties stay consistent with underwriting and closing assumptions.
Perform special projects or duties as assigned.
Skills & Abilities
Ability to work with minimal oversight while managing multiple projects with firm deadlines and prioritizing key deliverables
Detail oriented, self-motivated, and intellectually curious
Critical thinking, problem solving, and analytical skills
Strong verbal and written communication skills with the ability to interact with all levels of the organization, including external lenders and investors
Ability to work independently as well as collaboratively in a growing environment
A high-level of professionalism and integrity in dealing with confidential issues
Aptitude for creating strong internal relationships within LAC. Must be a strong collaborator among peer groups within the company.
Passionate and aligned with the company's double bottom line mission: generating appropriate returns for investors and managing great, stable communities for our residents
Education & Experience
Bachelor’s degree in Business, Accounting, or Finance
3-5 years of experience working in the field of finance or accounting
Highly proficient with Microsoft Office, particularly Excel

Senior Associate, Portfolio Financial Operations

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The Role

Requirements

Preferred qualifications include:

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