Careers at BGC Advantage

SUMMARY

The Development Coordinator will assist housing development staff in the acquisition, financing and development of multi-family, mixed-use and single-family projects with an emphasis on public housing and non-profit partners.  The position will require management of development projects from concept to stabilization. Success within the position will depend on one’s ability to develop partnerships with property owners, developers, lenders, third party providers, and investors.  Ability to work on several projects simultaneously while providing administrative support to housing development staff is essential. Strong emphasis on working independently as well as in a team.  Duties include, but are not limited to, the following:

RESPONSIBILITIES

• Research potential new development opportunities in existing or new market areas related to multi-family, mixed-use or single-family properties.
• Assist in timing related to closings for acquisition, construction, and permanent financing.
• Developing timelines and matrix to track development milestones.
• Oversee project performance through management of development budgets and critical path schedules.
• Research the feasibility of renovation/redevelopment projects. Tasks include but exclusive researching property ownership, title and liens, zoning, and environmental issues.
• Assist in coordination of third-party professional services, including, but not limited to, surveyors, architects, market analysts, cost estimators, and environmental professionals.
• Assist in preparation of financing applications for affordable housing, mixed-use and market-rate housing developments.
• Coordinate the local approval process for real estate projects such as zoning approval, plan approval and landmarks approval.
• Maintain a database of client and project data.
• Assist in all aspects of project due diligence along with equity and loan closings.
• Participation in project and construction meetings and development finance meetings in order to document meeting minutes and next steps for each project.
• Assist development staff in expanding acquisition or client target list.
• Coordinate property closings with title company and maintain records of each transaction.
• Maintain working knowledge of guidelines, policies, and procedures for state housing finance agencies, HUD, FHLB, RD, and other low-income housing funding partners.
• Knowledge of applicable regulatory and statutory requirement for development in applicable locality.

REQUIRED QUALIFICATIONS

• Candidates must possess excellent oral and written communication skills and the ability to deal with public and private officials during the life of a transaction.
• Must be proficient in spreadsheet analysis (Microsoft Excel) and proficient in word processing (Microsoft Word). Knowledge of Microsoft Access and Microsoft Publisher is a plus. 
• Must be self-motivated, able to work independently, and innovative.
• Local travel and some out-of-town travel required.
• Driver’s license.
• Bachelor’s degree (or equivalent work experience), with a preference in
• Leadership, team building, and negotiation skills
• Availability and willingness to work flexible schedule including evenings and weekends; local travel and some out-of-town travel required
• Ability to work with people of all racial, ethnic, and economic backgrounds
• Self-motivation and an ability to work toward objectives with minimal supervision
• Ability and willingness to attend and provide information at meetings on evenings and weekends
• Good written and verbal communication skills and an ability to “think on your feet”
• Excellent writing skills and proficiency in preparing written reports and business correspondence
• Excellent oral communication and public speaking skills
• Portray a professional manner and quality in all business interactions
• Self-starter

PREFERRED QUALIFICATIONS

• 1-3 years of experience in housing development related field
• Introductory knowledge of affordable and market-rate housing development, project financing, low-income housing tax credits, and historic tax credits.
• Green design and construction knowledge preferred.
• Experience in housing and community development in a non-profit, government, banking or development capacity. Previous experience should include real estate sales and acquisitions, real estate finance or related field.  Experience working in urban and rural communities is a plus.

SKILLS NEEDED

• Familiarity with affordable housing development in the public or non-profit sector
• Knowledge of public and private affordable housing finance programs
• Ability to work well independently, but also to appreciate the value of operating within a team
• High aptitude for problem-solving in complex transactions with multiple parties; an ability to develop creative solutions and successful implement tasks to achieve the desired outcome.
• Organized approach to project management, including a strong attention to detail and the ability to manage multiple tasks simultaneously.
• Wise decision-making capability in the midst of time-sensitive and ambiguous situations.
• Highly adaptable to continuous change within a dynamic industry; thrives in seeking innovation and possesses an eagerness to try new approaches for organizational and individual improvement.
• Be able to use Google Earth and Mapping software to map sites, QCT, and DDA
• Software experience with Office 365 suite of programs
• Strong financial, analytical, communication, and organizational skills
• Ability to learn, adapt, and communicate company core values

PHYSICAL DEMANDS 

Ability to operate a computer and keyboard.  Ability to operate a motor vehicle or equipment.  May require reaching, standing, walking, fingering, grasping and feeling, and the ability to lift or move objects up to 20 pounds.  May require vocal communication for expressing or exchanging ideas, hearing to perceive information at normal spoken word levels, visual acuity for color perception, preparing and analyzing written or computer data, determining the accuracy and thoroughness of work, and observing general surroundings and activities.

WORKING CONDITIONS 

Availability for extended hours during peak periods and attendance at evening and week-end meetings.  Exposure to inside and outside environmental conditions.  The office is located in a smoke-free facility. The Office is a Drug Free environment.

EQUAL OPPORTUNITY

BGC Advantage is an Equal Opportunity Employer.

Apply Here

SUMMARY

The Development Assistant will work in a broad variety of communities- both new construction and substantial rehabilitation- serving families and seniors in urban and suburban settings.  This position involves team work including collaboration with internal land acquisition, design and construction, asset management, property management and accounting staff, and with third-party consultants such as legal and design professionals. Specifically, the Development Assistant will assist with the development process including feasibility analysis, community engagement, deal structuring, acquisition, design development, financing, entitlements, construction, marketing, lease-up and close-out.

RESPONSIBILITIES

• Collect, track and distribute due diligence materials.
• Prepare and review documents to reach closing with financing institutions, contractor, attorneys, engineers, architects, and other development team members.
• Review and present change orders to the development team and track budget adjustments.
• Monitor and assist with lease-up of new buildings. Assist with preparation of financial applications.
• Assist with research on potential new projects.
• Track and coordinate payments requests attend meetings and take notes as needed.
• Perform other tasks as assigned.

REQUIRED QUALIFICATIONS

• Bachelor’s degree required. One-year experience in project coordination is preferred.
• Candidate will be committed to affordable housing development and preservation and have an aptitude and ambition for becoming a housing developer.
• Must have excellent organizational, written and verbal communication skills and be a team player.
• Must be able to simultaneously coordinate multiple development projects at different stages in the development process.
• Candidates should be able to work independently, be detail oriented, be comfortable with uncertainty and have strong mathematical. oral, written and analytical skills.
• Demonstrate the ability to genuinely enjoy collaboration with and learning from others is a minimum requirement.
• Be able to use Google Earth and Mapping software to map sites, QCT, and DDA
• Software experience with Office 365 suite of programs
• Strong financial, analytical, communication, and organizational skills
• Ability to learn, adapt, and communicate company core values

PHYSICAL DEMANDS 

Ability to operate a computer and keyboard.  Ability to operate a motor vehicle or equipment.  May require reaching, standing, walking, fingering, grasping and feeling, and the ability to lift or move objects up to 20 pounds.  May require vocal communication for expressing or exchanging ideas, hearing to perceive information at normal spoken word levels, visual acuity for color perception, preparing and analyzing written or computer data, determining the accuracy and thoroughness of work, and observing general surroundings and activities.

WORKING CONDITIONS 

Availability for extended hours during peak periods and attendance at evening and week-end meetings.  Exposure to inside and outside environmental conditions.  The office is located in a smoke-free facility. The Office is a Drug Free environment.

EQUAL OPPORTUNITY

BGC Advantage is an Equal Opportunity Employer.

Apply Here

SUMMARY

BGC Advantage is seeking an experienced individual with affordable housing and/or LIHTC experience to underwrite low income housing tax credit investments. Extensive knowledge of LIHTC (Low Income Housing Tax Credits) along with strong financial analysis skill is required.

RESPONSIBILITIES

Underwrite tax credit investments as assigned by the Originator including completion of the following underwriting tasks: sponsorship analysis, market analysis, sources and uses and capital structure analysis, income and expense underwriting, and tax credit documentation analysis. As part of processing of each transaction, obtain due diligence materials from client, conduct site visits as needed, review project loan documents and LP agreement for material business terms, participate with the originator in conference calls with the customers, prepare and present requests for investment committee approval including narrative descriptions, charts, graphs and tables illustrating pertinent aspects of the proposed investment.

• The Real Estate Investment Underwriter works as part of the Real Estate Development team analyzing applications to determine the financial feasibility of proposed projects seeking state and federal dollars to create or rehabilitate affordable housing developments across the state.  This includes funding for programs such as Section 42 low income tax credits, HOME Investment Partnership, Community Development Block Grant (CDBG) and the Affordable Housing Development Fund. 
• Under the direction of the originator, communicate and manage customer expectations through the underwriting process using a positive and proactive approach that will enable repeat origination opportunities.
• Provide regular communication to originator regarding deal underwriting progress including process checklist review, due diligence review, transaction timing, and issue identification timely preparation and regular updates to the Transaction Summary format as required by the originator and the process checklist.
• Assist with and attend deal closings or other customer service coverage enhancement opportunities (if requested by the originator) and help to complete and organize closed deal files for transition to Asset Management.
• Assist with other Syndication priorities as requested (e.g., asset management, investor relations, assistance to other lines of business).
• Participate in and contribute to group meetings and discussions.
• Performs other duties as assigned.

 REQUIRED QUALIFICATIONS

• Bachelor’s degree in Business, Accounting or Finance, or related field required. Master’s degree preferred.
• 3-5+ years experience real estate finance, affordable housing and/or LIHTC program, apartment market dynamics in both urban and suburban areas, and familiarity with industry policies, issues, and programs.
• Extensive knowledge of LIHTC and strong financial analysis skill is required.
• Experience in closing real estate transactions highly preferred
• Ability to manage multiple tasks effectively under significant time pressure to meet closing deadlines
• Extensive Excel modeling skills required. Proficient knowledge of MS Word and Power Point a plus.
• Strong writing /editing skills needed to produce correspondence and reports
• Demonstrated verbal communication and interpersonal skills to represent company to all parties.
• Demonstrates professionalism, diplomacy and composure and is flexible and able to adapt to a variety of situations.
• Strong organizational skills and ability to coordinate complex activities, prioritize conflicting demands and meet deadlines.
• Must be highly motivated, be able to work independently, solve problems and possess strong written and oral communication skills.
• Incumbent is expected to demonstrate strong ethics in interpersonal relations and work as an effective, collaborative team member.
• Ability to maintain big picture focus while attending to detailed work and providing thorough documentation.
• Demonstrated ability to work productively and accurately in a fast-paced environment with multiple projects and stringent deadlines.
• Ability to work evening and weekend hours during peak periods.
• Additional Information

SKILLS NEEDED

• Familiarity with affordable housing development in the public or non-profit sector and related funding products
• Knowledge of public and private affordable housing finance programs
• Ability to work well independently, but also to appreciate the value of operating within a team
• High aptitude for problem-solving in complex transactions with multiple parties; an ability to develop creative solutions and successful implement tasks to achieve the desired outcome.
• Organized approach to project management, including a strong attention to detail and the ability to manage multiple tasks simultaneously.
• Wise decision-making capability in the midst of time-sensitive and ambiguous situations.
• Highly adaptable to continuous change within a dynamic industry; thrives in seeking innovation and possesses an eagerness to try new approaches for organizational and individual improvement.
• Be able to use Google Earth and Mapping software to map sites, QCT, and DDA
• Software experience with Office 365 suite of programs
• Strong financial, analytical, communication, and organizational skills
• Ability to learn, adapt, and communicate company core values

PHYSICAL DEMANDS 

Ability to operate a computer and keyboard.  Ability to operate a motor vehicle or equipment.  May require reaching, standing, walking, fingering, grasping and feeling, and the ability to lift or move objects up to 20 pounds.  May require vocal communication for expressing or exchanging ideas, hearing to perceive information at normal spoken word levels, visual acuity for color perception, preparing and analyzing written or computer data, determining the accuracy and thoroughness of work, and observing general surroundings and activities.

WORKING CONDITIONS 

Availability for extended hours during peak periods and attendance at evening and week-end meetings.  Exposure to inside and outside environmental conditions.  The office is located in a smoke-free facility. The Office is a Drug Free environment.

EQUAL OPPORTUNITY

BGC Advantage is an Equal Opportunity Employer.

Apply Here

SUMMARY

Looking to get in on the ground floor at affordable housing?  Serious about training to be a developer?  Tell us about yourself and what you are looking to learn.      

PHYSICAL DEMANDS 

Ability to operate a computer and keyboard.  Ability to operate a motor vehicle or equipment.  May require reaching, standing, walking, fingering, grasping and feeling, and the ability to lift or move objects up to 20 pounds.  May require vocal communication for expressing or exchanging ideas, hearing to perceive information at normal spoken word levels, visual acuity for color perception, preparing and analyzing written or computer data, determining the accuracy and thoroughness of work, and observing general surroundings and activities.

WORKING CONDITIONS 

Availability for extended hours during peak periods and attendance at evening and week-end meetings.  Exposure to inside and outside environmental conditions.  The office is located in a smoke-free facility. The Office is a Drug Free environment.

EQUAL OPPORTUNITY

BGC Advantage is an Equal Opportunity Employer.

Apply Here

SUMMARY

We are always looking for the best and brightest.  Don’t see the right position for you, but feel you can make an impact?  Have a  special skill and a passion for affordable housing?  Tell us about it.    

PHYSICAL DEMANDS 

Ability to operate a computer and keyboard.  Ability to operate a motor vehicle or equipment.  May require reaching, standing, walking, fingering, grasping and feeling, and the ability to lift or move objects up to 20 pounds.  May require vocal communication for expressing or exchanging ideas, hearing to perceive information at normal spoken word levels, visual acuity for color perception, preparing and analyzing written or computer data, determining the accuracy and thoroughness of work, and observing general surroundings and activities.

WORKING CONDITIONS 

Availability for extended hours during peak periods and attendance at evening and week-end meetings.  Exposure to inside and outside environmental conditions.  The office is located in a smoke-free facility. The Office is a Drug Free environment.

EQUAL OPPORTUNITY

BGC Advantage is an Equal Opportunity Employer.

Apply Here