Development Finance, Sr. Director, ECD Real Estate Development- HYBRID

Join to apply for the Development Finance, Sr. Director, ECD Real Estate Development- HYBRID role at Enterprise Community Partners
.

Enterprise is a national nonprofit that exists to make housing 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 $80.9 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.

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 an exceptional benefits package.

The Senior Director, Development Finance position creates centralized and dedicated leadership within the Real Estate Development department over programmatic financing-related matters. This position’s purpose is to increase the size and availability of project and portfolio capital sources; expand the variety of financing structures; provide training in technical underwriting and best practices to the Real Estate Development team; support the development project management team with financing due diligence and closing deliverables and consolidate management of responsibilities for conversion and funding installment activities.

The Senior Director is responsible for overseeing a multifamily portfolio, which is primarily affordable and located in multiple jurisdictions in Washington, DC, Maryland, Pennsylvania, and/or Virginia, with multiple finance and compliance layers.

This position will work with external and internal customers and must have strong communication and writing skills, in addition to strong quantitative skills, and the ability to read, interpret and analyze financial documents, underwriting models, and business and legal documents for multifamily development.

• Create and maintain a programmatic capital raising strategy for Real Estate Development.
• Collaborate with New Business team on integrating capital strategies with new business pursuits.
• Collaborate with EVP, Head of Real Estate Development, on management of financial resources, evaluation of corporate balance sheet needs and impacts, and development of departmental strategy including reconciliation with the real estate owned portfolio.
• Improve efficiency of development financing methods by identifying new partners and transaction structures.
• Increase available funding sources and methods available for project and portfolio financing, including through identification of new funding types and adaptation of existing sources and structures to market changes.
• Cooperate with Finance on effective and timely reporting as well as revenue, cash flow, and other essential projections.
• Assist development team and project leads with individual transactions during financing due diligence and closing processes by supporting document exchange and review completion with capital providers.
• Assist development team and project leads with individual transactions with tax credit equity delivery and permanent debt conversion by monitoring progress toward meeting project construction completion requirements, coordinating with Construction Management and Property Management on any necessary scope interventions, and managing document exchange and review completion with capital providers.
• Assist development team and project leads with individual transactions with tax credit equity delivery and permanent debt conversion by monitoring progress toward meeting property performance requirements during lease up, coordinating with Asset Management and…