The Opportunity

Lincoln Avenue Capital (LAC) is seeking an entrepreneurial-minded Finance Coordinator to join our collaborative team of professionals who are preserving and building affordable multi-family affordable housing through the United States. The Finance Coordinate is responsible for managing the development process for the Firm’s real estate assets.

In this position, you will report to the Manager, Finance and take an active role in coordinating development transactions with senior business leaders, property managers, lenders, CPAs, general contractors, investors, equity partners and various governmental agencies. As an expertly managed, well-capitalized, and rapidly growing organization, LAC offers excellent career growth opportunities.

This opportunity can be based in Santa Monica (2 days in office / 3 days remote) OR fully remote. If you are applying as a fully remote candidate, please note we have a strong preference for candidates based in the Pacific time zone.

What You'll Do

• Manage the development requisition for major property tax credit rehabilitation projects.
• Balance and maintain the development budget, including reconciling and reallocating costs and/or overages as needed.
• Closely monitor construction progress and property operating reimbursements.
• Coordinate timing of equity installments & lender draws.
• Manage various tax credit document preparation with third parties.
• Interpret and implement terms of partnership agreements, loan documents, regulatory agreements, construction contracts and various property agreements.
• Effectively and professionally communicate and maintain good standing relationships with state agencies, lenders, investors, credit underwriters, partnership CPAs and general contractors.
• Address third party requests and deadlines as required.
• Other duties as assigned.

Requirements

What You Bring

• Ability to quickly obtain and maintain a thorough understanding of the tax credit program.
• Ability to monitor cash disbursement and expenditures, ensuring timely and accurate record keeping.
• Strong time management, communication, and organization skills to effectively manage multiple projects and deadlines.
• Ultra-high attention to detail, reliable, resourceful & intellectually curious.
• Ability to identify problems and engage in critical thinking for effective problem-solving.
• Possess a strong sense of prioritization to coordinate multiple demands in a fast-paced environment.
• Strong interpersonal skills and customer service-oriented attitude.
• Self-starter with the ability to work independently while also comfortable interacting with and presenting to senior management and enjoys an entrepreneurial setting.
• Aptitude for creating strong internal relationships within LAC. Must be a strong collaborator among peer groups within the company.
• Passionate and aligned with the company's double bottom line mission: generating appropriate returns for investors and managing great, stable communities for our residents.

Education and Experience

• Bachelor’s degree (Accounting or Finance preferred).
• 1-2+ years of experience in the real estate industry
• Low-income housing tax credit (LIHTC) experience is preferred, but not required.
• Proficient in Microsoft Office, particularly MS Excel.
• Experience with financial reporting and modeling, preferably in real estate transactions.
• Experience with high-volume transactions preferred.
• Knowledge of construction documents preferred (i.e., AIA G702, G703, G704, lien waivers, change orders, certificates of occupancy).

Benefits

The Company

Headquartered in Santa Monica, CA, Lincoln Avenue Capital (LAC) is a real estate private equity firm that owns, develops, and invests in low-income, subsidized housing communities nationwide. Founded in April 2016 by an entrepreneurial family, we are currently one of the most active acquirers of subsidized housing properties (Section 42 LIHTC and Section 8).

LAC has built a team with deep experience in finance, investments, and affordable housing. Through our diversity of backgrounds and experiences, we have a deep commitment to delivering quality, stable housing communities to its residents while providing financial and social returns for its investors. Our success to-date and growth ambitions offer its employees a unique value proposition:

• "Start-up" mindset looking to innovate across its business.
• High-growth company with ambitious targets to become one of the major owners of subsidized housing in the country. LAC offers career growth and wealth creation opportunities for employees, both near- and long-term.
• Meritocratic structure based on team collaboration and accountability. We move at a fast pace and offer employees opportunities to showcase their knowledge and experience in ways that add value to the company.
• Fun, work hard/play hard culture: the company values results first and foremost and has a strong, supportive, collaborative culture.
• LAC is a double bottom line business where each employee can make a meaningful difference in residents' lives within our communities.

LAC is actively seeking team members who balance rigorous institutional experience and standards with their dynamic, entrepreneurial spirit as the firm positions itself for continued growth. For more information on LAC, please visit lincolnavecap.com.

What We Offer

In 2021, we doubled our property count, unit count, and head count. In joining the LAC family, you will be part of a growing firm of passionate and talented people from multiple industries. We are purpose-driven and your contributions to the team will advance our commitment to providing high-quality affordable homes to thousands of residents.

• Competitive compensation
• 100% covered medical, dental, and vision insurance for both you and your dependents
• 401(k) plan with company matching and no vesting period
• Life and disability insurance
• Generous Paid Time Off, Paid Holidays, and Sick Time
• Paid Parental Leave
• Employee Referral Program
• Company & Team Building Events
• Learning and development with career mapping

Equal Employment Opportunity

Lincoln Avenue Capital is an equal opportunity employer. We prohibit discrimination and harassment of any kind and afford equal employment opportunities to employees and applicants without regard to race, color, religion, sex, sexual orientation, gender identity or expression, pregnancy, age, national origin, disability status, genetic information, protected veteran status, or any other characteristic protected by law. At LAC, we conform to the spirit and the letter of all applicable laws and regulations.