For the last 26 years, CASA has provided affordable housing in the Triangle for those at risk of homelessness. Grounded in the belief that the solution to homelessness is housing, CASA owns and manages more than fifty multi-family properties that provide a place to live for veterans, individuals with disabilities, and those in the workforce who struggle to afford housing. CASA tenants pay approximately 30% of their income in rent, giving them an opportunity to live successfully. Since the acquisition of its first property in Raleigh in 1993, CASA has grown to more than 500 units in Wake, Durham, and Orange counties, with further growth in the Triangle anticipated.
CASA is a 501(c)(3) nonprofit organization governed by a 12-person Board of Directors, with a 27-member staff and an operating budget of $4.4 million. CASA is funded through rental income, philanthropic gifts, and local, state, and federal government. CASA’s leadership recently evaluated their succession strategy and are looking to grow their team and build bench strength to prepare the organization for the future.
To learn more, visit CASA’s website: www.casanc.org
THE LEADERSHIP OPPORTUNITY
CASA is a high-functioning, forward-thinking organization that has invested in building a strong staff dedicated to its mission. CASA’s culture is one where employees look forward to coming to work every day; more than one-third of the staff have been with CASA for over ten years.
The Financial Analyst will join the Finance team, reporting to the Housing Developer, and will also work closely with other departments in the execution of his or her duties. The successful candidate will be a self-starting, detail-oriented, and resourceful relationship builder who is excited by CASA’s mission.
The Finance Analyst will be called upon to fulfill the following key responsibilities:
- Property Asset Portfolio Management: Prepare forward-looking financial projections for CASA’s real estate portfolio and make recommendations for the acquisition, retention, or disposition of assets. Perform due diligence and review all legal documents required for asset acquisitions and dispositions. Assist with underwriting, processing, and closing of properties. Work closely with the Housing Developer and senior leadership to develop and review strategic goals related to CASA’s housing portfolio.
- Financial Analysis and Oversight: Evaluate feasibility and prepare financial scenarios for new development opportunities, including new construction, acquisition, and rehab. Prepare reserve analyses for existing properties; determine capital needs and financing requirements. Prepare cost certifications for new projects. Develop cash flow projections for new and existing properties.
- Project Funding: Establish relationships with funders; identify new funding sources. Negotiate and secure financing for acquisition and new construction, analysing funding options such as Low Income Housing Tax Credits (LIHTC), federal and state funding opportunities, bank financing, and private foundation grants. Prepare and request all new construction draws.
- Project Management: Monitor progress of projects under development for cash requirements, budget variances, and completion status. Manage transaction timelines and critical dates. Provide progress updates to CASA leadership and funders.
- Compliance: Document and monitor compliance with Section Three and Davis Bacon requirements. Assume responsibilities for financial compliance for HUD – 811 properties.
ATTRIBUTES OF THE FINANCIAL ANALYST
The Financial Analyst must demonstrate a firm commitment to and passion for CASA’s mission and vision. In addition, he or she should demonstrate a variety of attributes, including:
- The ability to take initiative and work independently while being part of a team.
- An analytical and detailed orientation that places strong emphasis on accuracy.
- Strong interpersonal skills that can be applied to develop and maintain relationships with internal and external stakeholders including other CASA departments, elected officials, financial partners, professional advisors, and contractors.
- A willingness to seek out information and resources to work through complex problems.
- The ability to multi-task, prioritize, organize, and plan projects and schedules to meet deadlines and achieve desired outcomes.
- The ability to summarize large amounts of information for presentation to a variety of audiences.
SKILLS AND QUALIFICATIONS
The ideal candidate will possess the following required qualifications:
- Four to six years of experience in real estate (preferably multi-family) finance and asset management.
- Knowledge of GAAP, Housing Tax Credits, and financing practices as they relate to real estate development.
- In-depth experience creating financial forecasts and models, preparing and tracking budgets, and managing finances for a multi-property portfolio.
- The ability to prepare and/or analyze financial information, partnership and regulatory agreements, and other legal and property-related documents.
- Demonstrated project management skills and experience.
- Mastery of Microsoft Excel and Word.
- A bachelor’s degree or higher in Finance, Accounting, or Business from an accredited college/university.
The ideal candidate will also have the following preferred qualifications:
- Knowledge and understanding of the affordable housing landscape and funding sources.
- Hands-on experience creating cost estimates for construction and property management.
- Experience using Quickbooks, Podio, and Property Boss, or comparable software tools.
- Exposure to or experience working with a mission-driven non-profit.
Armstrong McGuire & Associates, based in Raleigh, NC, is conducting this search in partnership with CASA’s senior leadership team. To apply, click on the link to the CASA Financial Analyst position profile at ArmstrongMcGuire.com/apply. You will see instructions for uploading your cover letter, resume, salary requirements, and professional references. Please provide all requested information to be considered. In case of any technical problems, contact email@example.com. No phone calls, please, and no applications will be accepted by email.
Review of candidates will begin in April 2018 and continue until the position is filled. Salary is commensurate with candidate experience and size of CASA’s operating budget. Benefits include health, dental, and life insurance, short-term disability, a flexible spending plan, SIMPLE IRA retirement plan, 12 paid holidays, and accrued vacation and sick time.
CASA is an Equal Opportunity Employer.