Continental Management

Closing Coordinator

Franklin, MI, us

Company: Continental Management

Category: Property

Published on 2021-10-21 19:21:48

Job Description SCOPE AND PURPOSE This position reports to the President and Chief Financial Officer and receives direction from the Lead Closing Coordinator. The Closing Coordinator is responsible for all activities related to closing affordable multifamily real estate transactions where MHT Housing Inc. (MHT) is either the developer or acting as a developer consultant. This position is MHT’s primary point of contact overseeing all aspects of the real estate closings including ensuring timely responses to lender’s, investors, and Low Income Housing Tax Credit Allocator’s (LIHTC) legal check lists. Working in coordination with MHT’s Lead Legal Counsel, this position maintains all check lists and is the primary responsible for addressing title and survey comments, assuring insurance compliance, and coordinating execution, compilation, and distribution and recording of legal closing related documents. Working closely with the lead underwriter, project coordinator, asset manager and construction accountant, this position is responsible for insuring timely submission of other affordable housing LIHTC related requirements such as Tax Exempt Bond requirements, Subsidy Layering Reviews, 10% Completion Reports and 8609 submission. And finally, working with the Construction Accounting team, this position assists in the coordination of the financial closing statements and equity installments. The position requires detailed knowledge of in real estate closings along with a general knowledge of government affordable housing programs such LIHTCs, federal and state taxable and tax-exempt lending options, rental subsidies, and gap funding opportunities. RESPONSIBILITIES The position responsibilities include the following: Overseeing all aspects of the assigned MHT related multifamily housing closings. Building and maintaining positive and effective relationships with external partners including MHT’s Lead Attorney, Syndicators, Lenders and agencies such as the Michigan State Housing Development Authority (MSHDA), the Department of Housing and Urban Development (HUD), City Officials, co-developers, accountants, attorneys, consultants, property managers, and other stake holders and associates. Maintaining a working knowledge of state and federal regulations. Continued involvement in industry activities, including continued education. Serving as a representative for the organization and its investments. Performing other duties which may be requested by President, CFO, Lead Closing Coordinator or other executive staff. QUALIFICATIONS Core Competencies include: Excellent time management, organizational and interpersonal skills. The ability to work under tight deadlines, manage priorities, and complete tasks with minimal follow up and oversight. BA/ BS in paralegal studies, real estate related studies, economics, business, accounting, or related field is preferred. Keen analytical skills and attention to detail is essential. Strong PC skills in (Word, Excel, Outlook) skills are required. Experience with construction and or rehabilitation of multifamily housing or closing multifamily real estate transactions is preferred. PHYSICAL DEMANDS The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations must be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to talk or hear. The employee is required to stand, walk, climb steps, sit, use hands to finger, handle or feel; reach with hands and arms and stoop, kneel, crouch or crawl. The employee is occasionally required to lift up to 25 pounds and to have a valid drivers license and to have reliable transportation to visit communities on a daily basis. Company Description About us As a proven leader in the industry, Continental Management combines fresh, progressive management strategies with modern communications in order to provide affordable housing and maximize investment return in tandem with ensuring long-term property appreciation. In over 15 years, the company has grown exponentially, continuing to provide exceptional service to clients and residents while driving higher occupancies, resident renewals, and referrals. Mission Our team is committed to providing quality service to our residents and clients. Continental Management’s primary objective is to provide the best possible living environment for every resident, creating a sense of ownership and pride and to continually enhance the surrounding neighborhoods where communities are located. Vision Continental Management’s success in creating quality affordable housing is tied not only to site selection and design considerations, but its commitment to excellence in property management that makes a difference. This is done by creating new job opportunities and use of local vendors through construction and renovation efforts, as well as extra tax revenues to the community at large. Our on-site professionals provide daily service to residents and demonstrate the company’s commitment to quality through their dedicated management of the properties. Continental Management has the vision, the knowledge, and the care for our residents to soar as a leader in residential housing management. Core Values At Continental Management we are very proud to be recognized by several organizations for providing quality management. We can attribute much of this success to our valued impact on the community, attentive customer service, and extensive education. Continental Management provides an opportunity for our employees to share ideas, learn new concepts, and overall unite as a team to become a frontrunner in the property management industry. We also provide opportunities for our employees to be key contributors to the revitalization of the communities we serve. Thus, we emphasize the importance of the following: Serving our communities; Ensuring our employees treat one another as partners, friends, and mentors; Attending to our clients’ needs and expectations; Maintaining communication among landlords and tenants; Ensuring exceptional service and care for our residents.
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