Acquisitions Associate, Project Coordination

2 months ago

Columbia, United States Enterprise Community Partners Full time

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 $72 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 anexceptional benefits package.

Job Description Summary

The Acquisitions Associate will support Underwriters in the closing and evaluation of equity investments in affordable rental housing utilizing Low-Income Housing Tax Credit (LIHTC) financing. This is an external and internal customer-oriented position in which the Acquisitions Associate will be responsible for working as part of a team to facilitate a positive customer experience. This entails coordinating the flow of documentation among the parties involved in each equity transaction, managing third party reviews, reviewing, and approving specific due diligence items, preparing and submitting documentation for investor review, and ensuring that closing payments are made in a timely and accurate manner. The Acquisitions Associate must be able to work with a strong sense of urgency to assist in moving transactions through the underwriting and closing processes and be able to pivot with short notice of changing priority. Occasional travel is required for site visits (on a limited basis), off-site training, and company meetings.

Job Description

Responsibilities:

  • Establish and maintain strong working relationships with internal and external customers, including affordable housing developers, legal counsel, third party consultants, and investors.
  • Coordinate the collection, maintenance, and closeout of due diligence material in Enterprise's document management system.
  • Participate in due diligence checklist calls by tracking and updating the status of material provided; organize and host calls upon request.
  • Assisting developers by explaining due diligence requirements, providing access to Enterprise's external document management portal, and circulating forms and templates to be completed for underwriting and closing.
  • Coordinate third party reviews of environmental reports, insurance certificates, and seismic mitigation.
  • Order and review background checks.
  • Serve as lead reviewer of designated due diligence documents.
  • Prepare packages and other due diligence submissions for investors, their consultants, and their legal counsel.
  • Process closing payments.
  • Perform other duties as assigned; duties may vary and may include occasional support to other areas of Enterprise.

Qualifications:

  • Associate degree and 2+ years of relevant employment experience in a fast-paced, professional setting. Bachelor's degree or higher is a plus.
  • Ability to operate as an effective member of a multidisciplinary team by providing excellent customer service, seeking, and sharing knowledge, and using relevant information to solve problems.
  • Excellent organizational skills, ability to coordinate complex activities and to prioritize conflicting demands, and ability to manage and maintain large quantities of documents.
  • Demonstrated ability to work productively, accurately, and with attention to detail in a fast-paced environment with multiple projects and stringent deadlines.
  • Strong written and spoken communications skills.
  • Extensive PC experience, including Microsoft Word, Excel, PowerPoint, and Adobe Acrobat.
  • Experience with Salesforce is preferred.
  • Knowledge of real estate terminology and concepts preferred; basic knowledge of LIHTC a plus.

Total Rewards at Enterprise:

You will be working with a group of talented professionals who are 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 base salary for this role is $65,000 to $75,000, depending on level of skills and experience.

The salary range for this position is represented by the low and high end of the range for the amount to be paid for the position. Salaries paid at Enterprise will vary based on factors that may include skills, education, location, experience, and performance. The salary range is just a part of the total rewards package provided to employees at Enterprise, and other rewards may include annual performance bonuses and generous paid leave programs.

At Enterprise, our benefits form a major component of our total rewards package. Benefits include dental, health, and vision care plans, as well as family-building benefits, such as fertility, adoption, surrogacy support, and gender-affirming care. Enterprise allows flexible work arrangements to promote a better work-life balance. We offer health advocacy, EAP, and mental health benefits. We round out our total rewards package by offering financial education, wellness programs, and auto-enrollment in the company's 401(k) plan with employer matching contributions. Finally, you will have learning and development opportunities, including tuition reimbursement for job-related courses and certifications. Thank you for your interest in joining the Enterprise team in our effort and commitment to serve others.

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