Housing Finance Manager

HR&A’s Housing Practice is seeking a Housing Finance Manager to manage the underwriting and negotiations of investments in mixed-income and affordable housing developments. This role will be based in our Washington, DC office or the San Francisco Bay Area.

ABOUT US | HR&A advises public, private, non-profit, and civic clients on how to increase opportunity and improve quality of life in cities. We believe in creating vital places, building more equitable and resilient communities, and improving people’s lives. HR&A helps clients turn vision into action by analyzing, strategizing, and implementing solutions to solve some of the most complex challenges facing cities today, such as climate change, affordable housing, broadband access, and workforce development.

HR&A has offices in Atlanta, Dallas, Los Angeles, New York, Raleigh, and Washington D.C. We are former city officials, non-profit executives, developers, planners, lawyers, architects, and economists from a variety of backgrounds, nationalities, and life experiences.

You can learn more about our work here.

THE PRACTICE | HR&A’s Housing Practice works at all levels of the housing ecosystem: federal policy local housing plans and strategy, and financing structures, and executing individual transactions. This range of work makes us better at designing policies and local housing plans that achieve their goals in practice and at integrating public incentives into individual projects. We enjoy understanding and working with the complexities of the housing market to advance the interests of all community members.

Our rapidly expanding practice is evolving to support affordable housing funds and transactions. Our work ranges from supporting municipalities to private sector clients looking to deploy capital in the affordable housing market. This work involves helping structure funds, develop investment strategies, identify partners and supporting transactions.

THE ROLE | HR&A’s Housing Practice is seeking a Housing Finance Manager to manage the underwriting and negotiations of investments in mixed-income and affordable housing developments. This role will be based in our Washington, DC office or the San Francisco Bay Area. The Housing Finance Manager will be part of the Housing Practice and work closely with the lead Partner, Principals and Analysts in the practice. Most work will be organized into small teams of three to five staff. Project teams are comprised of colleagues from across our offices. Day-to-day tasks will include:

Transaction Management

  • Manage relationship with clients (public funding agencies, mission-motivated investors, landowners developers, lenders, equity and other stakeholders involved in the creation and preservation of mixed-income and affordable housing.
  • Manage one to two real estate Analysts providing support on the negotiation and underwriting process.
  • Responsible for the intake of detailed loan applications and supporting documentation required for initial assessment and full underwriting.
  • Work with development teams to determine optimal deal structure for transactions.
  • Conduct underwriting necessary to render decisions for investments that have both financial and mission requirements (affordability, investment in specific communities, etc.).
  • Produce underwriting memos and recommendations based on engagement with client and investment terms.
  • Review and approve third party due diligence reports.
  • Effectively present analysis and approval recommendations to internal investment committee and to clients.
  • Negotiate final terms and conditions of project financing.
  • Coordinate the closing process by working with the developer, lenders, legal counsel, and other funding sources such as public agencies and subsidy provider.

Product Development

  • Develop innovative housing investment vehicles that enable solutions identified in policy and planning processes.
  • Work with current and potential clients to establish investment terms that balance financial return thresholds, risk tolerance and mission investing objectives.
  • Conduct market research to identify and size gaps in the existing housing finance market for affordable and mixed-income housing.
  • Support the negotiation of partnerships with other investors and public sector partners.
  • Evaluate the feasibility of implementing and monitoring new investment vehicles.
  • Organize workshops and outreach events with community, public sector, nonprofit and for-profit investors.
  • Run request for proposal processes to select development partners.
  • Support new business development opportunities through writing proposals and outreach to potential clients.

EXPERIENCE REQUIRED | Successful candidates will bring strong quantitative and qualitative skills aligned with the roles and responsibilities described above, including:

  • Bachelor’s Degree in Real Estate, Finance, Planning or another related field;
  • Masters in Real Estate Development (MRED) or a Master’s in Business Administration (MBA) a plus;
  • 3-5 years of experience in Real Estate, Planning, Development, and Finance;
  • 3+ years of experience in multifamily underwriting, either market rate or affordable;
  • Thorough knowledge of common underwriting practices and procedures;
  • Knowledge of housing and affordable housing related market forces including; general real estate principles, supply and demand economics and other multifamily demand drivers
  • A high degree of proficiency in real estate financial modeling, experience with affordable housing finance is a plus;
  • Comfort synthesizing data and crafting a compelling narrative;
  • Comfort presenting to internal senior leadership and external clients;
  • Strong project management experience, including professional and interpersonal communication skills aligned with guiding a team.

COMPENSATION | The annual salary range for this position is $143,840 to $165,470. We offer competitive compensation packages, based on qualifications and experience. We are an employee-owned company, meaning you will have the opportunity to benefit from the firm’s growth over time through participation in our Employee Stock Options Plan. Each year, the firm will contribute funds to this long-term wealth-building account and may make contributions to other retirement accounts. We also provide a comprehensive benefits package that goes well beyond coverage of 90-95% of healthcare premiums, dental and vision coverage. For more details, visit https://www.hraadvisors.com/career-opportunities/.

HOW TO APPLY | HR&A is committed to attracting and retaining a talented, diverse, competitive team of professionals dedicated to solving the challenges of urban life. Women, people of color, members of the LGBT community, individuals with disabilities, and veterans are strongly encouraged to apply.

Please submit a cover letter and resume as a single PDF document (maximum of 2 pages) at https://hraadvisors.applytojob.com/apply/. Applications will be reviewed on a rolling basis. Applications without a cover lever will not be reviewed.

We ask that you submit a version of your resume that has your school information removed. There is no need to reformat your resume, and you should leave your degree (e.g. “B.A. Economics”). But please remove all undergraduate and graduate school name references. This request is part of our ongoing work to build a hiring system that is free from bias and based on candidate merit and performance in the hiring process.

All qualified candidates will receive consideration for employment without regard to their race, religion, ancestry, national origin, sex, sexual orientation, gender identity or expression, age, disability, marital status, medical condition, veteran status or any other basis as protected by federal, state, or local law.

For more information, please contact us at jobs@hraadvisors.com. Please do not call regarding this position.

Principal, Inclusive Cities

ABOUT US | HR&A advises public, private, non-profit, and civic clients on how to increase opportunity and improve quality of life in cities. We believe in creating vital places, building more equitable and resilient communities, and improving people’s lives. HR&A helps clients turn vision into action by analyzing, strategizing, and implementing solutions to solve some of the most complex challenges facing cities today, such as climate change, affordable housing, broadband access, and workforce development.

HR&A has offices in Atlanta, Dallas, Los Angeles, New York, Raleigh, and Washington D.C. We are former city officials, non-profit executives, developers, planners, lawyers, architects, and economists from a variety of backgrounds, nationalities, and life experiences.

You can learn more about our work here.

THE PRACTICE | HR&A’s Inclusive Cities practice leverage our deep understanding of government, knowledge of local and private economic forces, and analytical rigor to promote social and economic justice.

We center racial equity and economic justice in economic development, policy and planning. We help our clients to identify who will benefit from economic development initiatives and show them how to design and execute more equitable projects, neighborhoods, and cities. We engage communities and grassroots organizations through deep engagement, and through that process, we build new trust and durable partnerships. We launch new programs and community-driven projects to increase awareness and participation in our civic discourse, which is essential to shifting traditional economic development paradigms. We embolden visionary public servants with the tools they need to embed equity into their policy and practice. We serve as a bridge between ideas and implementation in truly changing systems, from workforce development to criminal justice, so that lives are changed for the better.

To learn more about the Inclusive Cities practice and recent/current projects, visit https://www.hraadvisors.com/inclusive-cities/.

ABOUT YOU |

  • At least 10 years of relevant work experience, including working with public sector leaders and/or community-based organizations at the city, county, state, and/or federal level.
  • Knowledge of the issues confronting Southern California, local stakeholders, and issue areas of the Inclusive Cities practice; with additional emphasis for candidates that bring demonstrated creditability with Southern California public, philanthropic, and community-based organizations
  • Proven leadership abilities marked by being innovative, collaborative, decisive; and possess a reputation for getting things done;
  • Fluency with data, including an understanding of its limitations and a commitment to using it to quantify the ways in which inequity persists in cities and to project the impact of new policies and programs
  • Strong interpersonal skills that reflect honesty, integrity, respect, inspiration and teamwork
  • Strong communication skills, including the ability to inspire confidence and passion with both internal and external audiences
  • Advanced planning skills, including an ability to think strategically on both organizational and systemic levels over short and long-term horizons
  • Strong budgeting and financial management skills
  • Ability to “Manage up” and meet the demands and agendas of multiple executive leads, while giving them honest and direct advice to advance firm initiatives and manage risk.
  • Strong facilitation and presentation skills before multiple types of audiences
  • Experience with complex stakeholder and project management
  • Patience, a sense of humor, humility, and willingness to be a leader and inspire HR&A staff and Inclusive Cities practice as an intellectual and professional home within the firm; and to facilitate full participation and leadership by staff and partners alike.

THE ROLE | We are seeking a Principal to join us in our Los Angeles, CA office.

The Principal will manage Inclusive Cities projects in ways that maximize the impact of our clients’ work and serve as an internal and external go-to for the practice.

At HR&A, Principals manage multiple projects and business development efforts concurrently. Project timelines and scopes are highly variable at HR&A and often span between several weeks and several months, with Principals managing between three and six projects at a given time. They will be responsible for:

  • Creating project work plans,
  • Managing project budgets,
  • Directing the analytical work of project teams,
  • Ensuring the quality and timeliness of deliverables,
  • And developing productive working relationships with clients.

Responsibilities of the Inclusive Cities Principal will also include:

  • Close partnership with Los Angeles Office Partners to support the growth, strategy, and concurrent priorities of the Inclusive Cities practice.
  • Serve as a leader in the Inclusive Cities practice by building external and internal relationships, identifying and implementing new project types and services that can help serve those on the front lines in the work to make cities equitable and just.
  • Represent HR&A and the Inclusive Cities practice externally at events, professional associations, and in networks.
  • Develop and manage tools and methodologies that support the growth of the Inclusive Cities practice and upend traditional approaches to economic development consulting such that the firm’s overall work and other practice areas are enriched.
  • Engage in internal firmwide activities that advance HR&A’s commitment to Anti-Racism.
  • Train and mentor staff across the firm, including in multiple offices.

 

EXPERIENCE REQUIRED | We are looking for candidates with management and leadership experience in the public, private, or non-profit sector, brings deep curiosity about the challenges facing cities today, and a passion for equity and systems change.

Successful candidates:

  • Possess exceptional critical thinking skills, a deep curiosity about the challenges and opportunities of economic opportunity, quality of life, and the built environment, and a commitment to proactively address and advance racial justice, equity, and anti-racism.
  • Have a deep understanding of the social, political and economic context of the Los Angeles region.
  • Bring a strong background and/or foundation in public policy, economic development, city government, political campaigns, or nonprofit management as an important reference point for our work.
  • Bring experience in consulting or comparable client-facing functions in a relevant field and/or a leadership setting within a social justice-focused organization or local government agency such that they can demonstrate ability to manage multiple projects at one time in ways that are impactful, adaptive, persuasive.
  • Experience managing fast-paced, collaborative project teams.
  • Possess substantial writing and presentation skills, sufficient poise for direct client interaction, and mentorship capabilities.
  • Are ambitious and creative about new ways in which our firm’s knowledge and expertise can be deployed.

 

COMPENSATION | The starting salary for this position is $143,900. We offer competitive compensation packages, based on qualifications and experience.  We are an employee-owned company, meaning you will have the opportunity to benefit from the firm’s growth over time through participation in our Employee Stock Ownership Plan. Each year, the firm will contribute funds to this long-term wealth-building account and may make contributions to other retirement accounts. We also provide a comprehensive benefits package that goes well beyond coverage of 90-95% of healthcare premiums, and dental and vision coverage.

 

HOW TO APPLY | HR&A is committed to attracting and retaining a talented, diverse, competitive team of professionals dedicated to solving the challenges of urban life. Women, people of color, members of the LGBT community, individuals with disabilities, and veterans are strongly encouraged to apply.

Please submit a cover letter and resume as a single PDF document (maximum of 2 pages) at https://hraadvisors.applytojob.com/apply/. Applications will be reviewed on a rolling basis. Applications without a cover lever will not be reviewed.

We ask that you submit a version of your resume that has your school information removed. There is no need to reformat your resume, and you should leave your degree (e.g. “B.A. Economics”). But please remove all undergraduate and graduate school name references. This request is part of our ongoing work to build a hiring system that is free from bias and based on candidate merit and performance in the hiring process.

All qualified candidates will receive consideration for employment without regard to their race, religion, ancestry, national origin, sex, sexual orientation, gender identity or expression, age, disability, marital status, medical condition, veteran status or any other basis as protected by federal, state, or local law.

For more information, please contact us at jobs@hraadvisors.com. Please do not call regarding this position.

Talent Manager

ABOUT US | HR&A Advisors, Inc. (HR&A) is an industry-leading real estate, economic development, and public policy consulting firm that helps create more equitable, resilient, and dynamic communities. Our work turns vision into action through rigorous analysis, strategy development, and implementation planning. HR&A professionals come from a variety of backgrounds; we are former city officials, lawyers, planners, architects, and economists. We are passionate about increasing the vitality of urban life.

HR&A is proud to be an employee-owned company and is committed to building a diverse workforce while centering issues of equity and inclusion in the work that we do. In 2020, we convened an Anti-Racism Task Force to lead the development of internal equity initiatives and strategies to incorporate equity more effectively into our client work; this work is ongoing.

For more information, visit our website at www.hraadvisors.com.

THE ROLE | HR&A is currently seeking to hire two Talent Managers who will work together as a coordinated team, reporting to our Head of People. This position is based in our New York office.

As Talent Manager at HR&A, you will be primarily responsible for guiding the assignment of consulting staff to project and business development opportunities. As part of this work, you will help move the firm towards our goals of a quicker, more efficient, and effective staffing process, which better aligns the interest and skills of staff with available project opportunities, delivering stronger project teams and better professional development opportunities for HR&A staff.

We are looking for candidates who can think outside the box to propose improvements to our processes and help implement those changes. As part of this role, it is incumbent on the candidate to assess skills gaps and understand future business needs to inform our broader talent policies; this position will work closely with other members of our People team in that effort.

The Talent Managers will report to HR&A’s Head of People and will work closely with leadership in each of HR&A’s individual offices to ensure effective marshaling of our employee resources across the firm. You will also support a variety of community-building initiatives across the firm including the development of firmwide programming, social event curation, and our mentorship programs. This role will also interface closely with our Anti-Racism Core Team to support the implementation of anti-racism initiatives across the talent life cycle.

ACCOUNTABILITIES

  • Guide the assignment of talent to project and business development opportunities.
    • Overseeing a centralized process and data tracking for staffing requests and assignments, and refining as needed, to achieve firm-wide business objectives
    • Matching employees with projects and proposals that align with their interests and growth areas.
    • Coordinating with leadership in HR&A’s offices on the assignment process and overall talent management.
    • Supporting employee onboarding, including identifying initial project assignments and connecting staff to others firmwide with relevant expertise and interests.
  • Support the growth of our internal talent resources.
    • Understanding employee interests, skill development, and growth opportunities.
    • Educating new and existing employees about our staffing systems and expectations.
    • Matching employees with projects and proposals that align with their interests and growth areas.
    • Aligning employees with training and professional development opportunities.
    • Connecting employees with resources to address performance challenges and support the successful transition of new employees into the firm.
    • Proactively reviewing weekly staffing projections to balance employees’ workloads.
    • Ensuring compliance with timekeeping policies firmwide.
    • Monitoring employee attainment of their goals and achievement of business needs via employee utilization and other metrics.
    • Supporting bi-annual employee performance reviews, as well as 30-, 60-, and 90-day reviews.
  • Inform firmwide strategy around talent-related functions.
    • Identifying, designing, building consensus around, and implementing improvements to our current staffing and assignment structure.
    • Identifying gaps in skills, training needs, and other external resources to support our employees.
    • Informing future recruiting decisions based on skill needs, practice area growth, and new business lines.
    • Informing future organization design related to staffing.
  • Support the development of community and culture at the firm.
    • Overseeing and administering our employee mentorship programs.
    • Supporting, developing new, and continually improving firmwide community programming.
    • Implementing new strategies to facilitate knowledge sharing and relationship-building.
    • Supporting the implementation of DEI and wellness initiatives.
    • Advising and liaising with our Employee Resource Groups.
    • Supporting and convening our various cohort social groups.
    • Supporting certain office-based community-building initiatives and social activities.

EXPERIENCE REQUIRED | Candidates should bring strong interpersonal communication, creativity, enthusiasm, and problem-solving skills aligned with the roles and responsibilities described above, including:

  • Ideally 5+ years of experience in any one or more of the following areas (preferably at a Professional Services firm): project management, talent management, business operations management, and/or business analytics.
  • Experience with the development and use of dashboards and data tracking systems to monitor and report on progress to goals.
  • Strong communications skills, high emotional intelligence, a love of working with people, and the ability to act as a talent coach and culture champion for HR&A.
  • A passion for solving complex problems and thinking through organizational structure and operating procedure improvements.
  • Strong organizational skills, including being detail- and process-oriented with the ability to manage several work streams concurrently.
  • Experience working at a consulting or professional services firm is preferred but not required.

COMPENSATION | The base salary range for this position is $121,670 – $132,500. We offer competitive compensation packages, based on qualifications and experience.  We are an employee-owned company, meaning you will have the opportunity to benefit from the firm’s growth over time through participation in our Employee Stock Ownership Plan. Each year, the firm will contribute funds to this long-term wealth-building account and may make contributions to other retirement accounts. We also provide a comprehensive benefits package that goes well beyond coverage of 90-95% of healthcare premiums, dental and vision coverage. ​​​​​

HOW TO APPLY | HR&A is committed to attracting and retaining a talented, diverse, competitive team of professionals dedicated to solving the challenges of urban life. Women, people of color, members of the LGBT community, individuals with disabilities, and veterans are strongly encouraged to apply.

Please submit a cover letter and resume as a single PDF document (maximum of 2 pages) at https://hraadvisors.applytojob.com/apply/. Applications will be reviewed on a rolling basis. Applications without a cover lever will not be reviewed.

We ask that you submit a version of your resume that has your school information removed. There is no need to reformat your resume, and you should leave your degree (e.g. “B.A. Economics”). But please remove all undergraduate and graduate school name references. This request is part of our ongoing work to build a hiring system that is free from bias and based on candidate merit and performance in the hiring process.

All qualified candidates will receive consideration for employment without regard to their race, religion, ancestry, national origin, sex, sexual orientation, gender identity or expression, age, disability, marital status, medical condition, veteran status or any other basis as protected by federal, state, or local law.

For more information, please contact us at jobs@hraadvisors.com. Please do not call regarding this position.