April Housing is a leading owner and operator of high-quality affordable housing throughout the United States. Founded in 2022 and headquartered in Los Angeles, April Housing is the asset management business that oversees Blackstone's affordable housing and LIHTC portfolio. April oversees a portfolio of over 85,000 affordable housing units in approximately 650 communities. April Housing seeks to preserve critical affordable housing stock while providing best in class management and high-quality housing. April is committed to being a fair, transparent, and responsible owner.

April Housing’s long-term commitment to owning affordable housing is supported by Blackstone Funds, predominantly BREIT, a non-listed REIT. This perpetual capital vehicle provides April with a patient and flexible source of capital and plays a critical role in enabling the creation and preservation of more affordable housing. In addition to managing a growing portfolio, April Housing will ensure assets in the existing portfolio remain affordable and in compliance with all rent regulations while making significant improvements and aligning the operations with April Housing's Standards of Excellence in Residential Operations.

In its pursuit of excellence, April Housing is looking for individuals who share in its mission to provide high-quality housing to affordable residents.

April Housing is seeking a Valuations Associate will be responsible for performing a myriad of analytical duties associated with operating a large portfolio of affordable housing properties. The duties include preparing monthly valuations, financial reporting, assisting with the preparation of annual budgets and quarterly reforecasts, quarterly board materials, buy/sell/hold & re-financing feasibility, and ad hoc analysis & reporting.

As of the date on which this job advertisement is posted, the Company anticipates that the base salary range for this role is $150,000-$200,000, 20% bonus target (this represents the presently-anticipated low and high end of the Company’s base salary range for this position).  Total direct compensation may also include discretionary bonus and/or incentive compensation. Actual base salary range may vary based on various factors, including but not limited to location and experience.

What you will do:

• Assist in the monthly valuations process and continuous updates
• Work with SVP – Valuations to ensure accuracy of monthly valuation process by performing the following:
  • Oracle database updates: maintain debt information as refi’s, payoffs and extensions occur across the portfolio, partnership amendments that affect partner waterfall economics, upload of monthly GAAP derived balance sheet inputs into Oracle.
  • Maintain and refresh the following monthly reports: NCI reports, accounting data reconciliation reports between audited GAAP financials and Oracle database inputs, SOX related controls.
  • Perform and communicate ad hoc Oracle based analyses to key stakeholders within April to assist with strategic decisions.
  • Develop and lead a productive working relationship with primary customer/end user of information to include the Asset Managers, Department Heads, Operators and other key stakeholders.
• Update database information for refinancings and partnership amendments
• Perform data analysis such as tying out inputs to financials
• Communicate analyses to key stakeholders within April so that informed key strategic decisions may be made
• Help ensure regional and cross regional alignment among FP&A and asset management team
• Support regional team members in achieving goals and assigned tasks
• Retrieve and analyze financial and operational data from Yardi, OneNote, Axiometrics, American Community Survey, US Bureau of Labor Statistics, US Department of Housing and Urban Development and other sources as may be determined
• Develop and lead a productive working relationship with primary customer/end user of information to include the Asset Managers, Department Heads, Operators and other key stakeholders
• Perform special ad hoc projects and analysis on a frequent basis

What you should have:

• Bachelor’s degree in business, finance, computer science, data science, or accounting
• Advanced experience using SQL and database programs such as ilevel and Oracle
• A minimum of five (5) years (sr. analyst level) work experience in the accounting, finance and/or commercial real estate fields. Preferred experience may include asset management, operations, acquisitions, and due diligence
• Demonstrate experience in managing change management and conflict
• Comfort with raising concerns and escalating issues where appropriate
• A strong work ethic, the strength to thrive in a dynamic and demanding work environment, and an ability to meet critical deadlines
• Strong attention to detail (ex. ability to review team members work to ensure accuracy and consistency)
• Strong analytical skills with a deep knowledge of and mastery of Excel (experience in PowerPoint is a plus). Strong accounting and finance knowledge.
• Excellent oral and written communication skills
• Prior experience with real estate budgeting/forecasting processes and systems
• Experience working at a publicly traded real estate, institutional financial services, or public/private equity firm preferred. In addition, experience in REIT performance metrics and reporting preferred

EEO Statement

Our company is proud to be an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. Our employment decisions are based on individual qualifications, job requirements and business needs without regard to race, color, marital status, sex, sexual orientation, gender identity and/or expression, age, religion, disability, citizenship status, national origin, pregnancy, veteran status and or any other legally protected characteristics. We are committed to providing reasonable accommodations, if you need an accommodation to complete the application process, please email talent@revantage.com.