About the Position:Civic Builders is currently seeking an Asset Management Associate to support its rapidly growing portfolio of charter school facilities & loans. Reporting to the VP of Accounting, this Asset Management Associate will support the asset management team.
Responsibilities:The responsibilities of the asset management team include financial reporting; covenant compliance; onboarding new school borrowers; reviewing construction draw requests; reviewing existing leases and loan agreements; collecting and reviewing school data including financial statements, budgets, enrollment, and academic performance; and tax credit program compliance.
• Maintain the compliance monitoring & reporting obligations for a subset of Civic's charter school portfolio of loans & leases
• Maintain excel based compliance trackers
• Maintain excel based reporting trackers for incoming reporting items from charter schools and outgoing reporting items from Civic to lenders, grantors, and governmental agencies
• Ability to understand school financial statements and annual audits
• Ability to calculate financial compliance ratios ranging from simple days cash-on-hand to complex coverage calculations
• Read and assess complex legal documents including leases, loan agreements, and grant agreements to identify compliance & reporting obligations
• Maintain other building level obligations including reviewing insurance certificates and tracking building violations
• Expand trackers as new projects are added to the portfolio
• Maintain strong and positive long term working relationships with lenders, charter school tenants, and building landlords
• Assist other projects in support of Civic's mission and programs as needed
Required Qualifications and Attributes:• Bachelor's degree
• 5+ years of relevant experience, ideally within the sectors of real estate finance, non-profit lending, or real estate development. Government, tax credit or other special funding program experience a plus
• Ability to take the initiative, problem solve, and drive resolutions
• Ability to work collaboratively with numerous teams both internal and external
• Ability to manage competing priorities under tight deadlines
• Incredibly detail oriented
• High level of accuracy
• Excellent written and verbal communication skills
• Commitment to Civic Builder's mission
About Civic Builders:Civic Builders is a leading national nonprofit lender and developer, bringing high-quality educational opportunities to under-resourced communities through the development of public charter school facilities. Since 2002, the organization has supported the growth of 60 schools educating more than 30,000 students annually.
Civic Builders partners with philanthropists and capital providers to design and manage affordable, new financing and development solutions for high-quality schools. Civic Builders achieves its mission of removing real estate as a barrier to an excellent public education by addressing the full spectrum of facilities and financing challenges public charter schools face. As a nonprofit organization with two decades of experience, Civic Builders' portfolio represents $1.1 billion invested into economically distressed communities to ensure all students have access to safe, positive, and student-centered learning environments.
Location and Travel:• Civic Builders is located in New York, NY. Our work environment is hybrid, and are expected to work in the office a minimum of two days per week for team collaboration.
• Please note: Since we care so greatly about our employees' well-being, Civic Builders is committed to an environment where our employees are fully vaccinated against COVID-19. As a prospective new team member, you must be fully vaccinated with a CDC/FDA approved COVID-19 shot(s) to work in our offices. If you are selected to interview for this role, we will explain our vaccination policy in further detail and ensure you are comfortable moving forward with this company policy.
Compensation and Benefits:Salary Range: $75,000 - $80,000
We want you to be well and thrive. Our benefits package includes:
● Healthcare insurance plans including medical, dental, and vision, flexible spending accounts (FSA) and health savings accounts (HSA)
● 401K retirement plan (Roth and traditional) including an employer match
● Short-term & long-term disability insurances
● Group term life insurance
● Commuter benefits program
● 12 weeks paid parental/family leave
● Paid time off including holidays, vacation and sick days
● Learning and development resources and reimbursement
● Social and educational outings
● Cell phone plan reimbursement and equipment replacement
● Home office setup
Commitment to Diversity, Equity and InclusionCivic Builders believes that diversity, in all its forms, enriches society and our organization. Because we support students in the highest-need neighborhoods, we have a particular charge to understand our schools and their communities. When our staff, board, and partners reflect, value and embrace the voices and perspectives of those most impacted by what we do, we have a deeper understanding and connection to their needs and more effectively achieve our aspiration of improving lives, revitalizing communities, and helping children receive the education they deserve.
We are an Equal Opportunity EmployerCivic Builders is an equal opportunity employer and welcomes candidates from diverse backgrounds and perspectives. Civic Builders provides employees with a safe and welcoming environment free of discrimination and harassment.
As an equal opportunity employer, we prohibit any unlawful discrimination against a job applicant on the basis of their race, color, religion, gender, gender identity, gender expression, sexual orientation, national origin, family or parental status, disability, age, veteran status, or any other status protected by the laws or regulations in the locations where we operate.
To Apply:Please submit your resume for consideration to:
hr@civicbuilders.org. Please also send a description of your direct experience and connection to Civic's mission.
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David Umansky
CEO
Higher Logics Community Contacts (CDFI CONNECT - DO NOT DELETE)
New york NY
2125717260
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