Position Summary

Elmington is a private commercial real estate investment and development firm headquartered in Nashville, Tennessee. Elmington Affordable's core competency is multifamily development and is one of the nations' largest developers of affordable/workforce housing.

The Development Analyst is an integral part of a small team focused on Affordable housing/multifamily investment and development.

To be an effective Elmington Affordable teammate, you will need to:

• Have a great attitude
• Have high expectations
• Think BEYOND the box
• Work with passion
• Have a tireless work ethic
• Be confident
• Be self-sufficient and self-motivated
• Take pride in your work
• Be a good listener
• Offer a solution with every problem
• Be responsive and transparent
  
  

Knowledge/Skills/Abilities

• Interest in real estate investing and development
• Organizational skills
• Communication proficiency
  
  

Essential Job Functions

• Funding Applications
• Consistently identities and tracks active government RFPs nationwide; prepares and submits detailed applications
• Drafts Bond, LIHTC, soft money, and other project funding applications
• Underwriting
• Demonstrates basic understanding of operating proforma through NOI
• Demonstrates basic understanding of Sources & Uses
• Demonstrates basic understanding of the 4%/9% tax credit and debt sizing calculations
• Demonstrates basic understanding of discounted cash flow and IRR analysis
• Drafts quality initial internal underwritings focusing on basic proforma inputs
• Researches and performs Competitive market analysis
• Performs Ad Hoc research and analysis
• Sourcing & Site Selection
• Proactively and consistently identifies potential new land sites
• Scores potential sites based on market qualifications.
• Ability to learn and use ArcGIS software
• Financial & Closing
• Maintains internal checklists
• Tracks external Due Diligence Checklists and responds with information as directed by supervisor
  
  

• Marketing & Presentation
• Creates maps, exhibits, and presentations
• Predevelopment & Design
• Helps maintain internal project management checklists
• Consistently takes and distributes meeting minutes
• Internal Reporting & Application
• Demonstrates proficiency with Microsoft Office Suite: Excel, Word, PowerPoint, Outlook, Teams, etc.
• Demonstrates proficiency with CoStar, LoopNet, ArcGIS, Google Maps, and other commonly used programs
• Perform all other duties as assigned
  

Specific Education Or Experience

• Bachelor's degree
• Experience in real estate investing and development preferred but not required
  
  

Physical Demands And Work Environment

• Frequently sit, stand and walk
• Regularly required to talk or hear
• Frequently required to use hands or fingers to handle or feel objects, tools or controls
• Occasionally required to climb or balance, stoop, kneel, crouch or crawl
• Occasionally lift and/or move up to 25 pounds
• Vision abilities to include close vision, distance vision, peripheral vision and the ability to adjust focus
• The noise level in the work environment is usually moderate
• Temperature in the workplace is typically moderate, though the ability to withstand seasonal cold and heat of the outdoors is necessary.
  
  

Travel Requirements

• Occasional same-day and overnight travel required
  
  

The Elmington Affordable Experience

We're creating a different kind of company at Elmington Affordable. We promise we will never be ordinary, which we hope you can see by this job description. There will be many days you simply aren't comfortable. You will be pushed to accomplish more than you ever thought possible. You will be challenged by your team leader and your peers to achieve more and to find better ways. With that said, we know Elmington Affordable is not for everyone. BUT, if you believe in yourself, enjoy a challenge and appreciate working with exceptional people, then Elmington Affordable could very well be the last company you ever work for.

Elmington Affordable is an equal opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, color, sex, religion, sexual orientation, national origin, disability, genetic information, pregnancy, or any other protected characteristic as outlined by federal, state, or local laws.

This policy applies to all employment practices within our organization, including hiring, recruiting, promotion, termination, layoff, recall, leave of absence, compensation, benefits, training, and apprenticeship. Elmington Affordable makes hiring decisions based solely on qualifications, merit, and business needs at the time.

Salary: $70000 - $100000 per year