Asset Management Intern

Asset Management Intern

Boston Office - Boston, MA 02109

Overview

Salary Range $22.00 - $24.00 Hourly

Description

About the Opportunity: POAH is seeking a smart and motivated individual interested in working at the intersection of affordable housing, real estate finance, real estate law, data and technology. We seek a Boston based Asset Management Summer Intern to join our Asset Management team. For a description of the Asset Management team's work see https://www.poah.org/about/asset-management.

The Asset Management Intern, working with other members of the team, will help support refinancing and tax credit recapitalization efforts, assist with real estate tax submission to municipalities, the development of real estate tax budgets and cost mitigation strategies, and help administer, enhance and improve our real estate portfolio information system and data analytics tools. Additionally, the Asset Management Intern will complete projects, analysis, surveys, and research related to the growing POAH Portfolio (currently 142 affordable multifamily properties that encompass ~14,000 units) and be tasked with assignments related to real estate finance, data collection, data integrity, technology, reporting, and asset management. Some of the specific and essential tasks may include:

1. Perform a variety of tasks for POAH's enterprise-wide MRI database system (POAH's Intel or "PI") which houses property level data points and documentation on acquisition prospects and POAH owned properties serving as POAH/POAHC's key document repository, reporting and workflow tool. Examples of PI tasks may include data entry, system maintenance, assisting with new hire trainings including developing or delivering training materials, videos and user guides, creating detailed specifications for new reports/screens/stored procedures, responding to help desk tickets, performing quality assurance data audits and data integrity work, testing new functionality, building reports/analytics, etc. Collect and analyze financial information about individual POAH properties or the POAH portfolio as a whole

• Develop analyses and presentations about the portfolio.
• Help promulgate POAH and POAH Communities standards and knowledge
• Assist in research work about properties and the POAH-owned portfolio as needed for portfolio surveys, lender/investor queries, portfolio information database.
• Assist with data integrity and process improvement projects
• Fill out property funding application schedules, real estate tax income schedules, and property/portfolio questionnaires
• Conduct portfolio analysis as directed
• Run reports on specific POAH properties or the POAH-owned portfolio as directed
• Assist with file management, filing and migration to the cloud
• Complete lender/investor due diligence information requests.

Specific assignments for our 2026 intern may include but not be limited to one or more of the following:

• Assist with the buildout and data checks related to the creation of PowerBI dashboards
• Assist with the creation and configuration of Microsoft Teams and Channels and migration of documentation from server to Teams and SharePoint
• Take first pass at drafting limited partner exit summaries.
• Help memorialize reserve requirements, consent rights, release opportunities across the portfolio.
• Assist with transmission of real estate tax bills and trend analysis.
• Assist with affordability restrictions research and documentation.
• Assist with development of database training material refresh.
• For recent real estate closings, upload closing documents and apply metadata tags
• Take first pass at SharePoint internal posts and developing supporting images, graphs and visuals.
• Draft initial underwriting models for RI, MO, IL and OH recapitalizations.
• Assist with deal due diligence and LIHTC applications.
• Assist with site visit prep and/or closeout.
• Organize reporting requirements and help roll out new processes and technology.

Qualifications

Candidates for this position should possess one or more years of relevant experience, coursework and/or knowledge in some of the following areas:

• Real estate asset management and/or property management
• Real estate finance, especially affordable housing and the regulations and financing applicable to the industry
• Data science, database management, Microsoft certifications, and/or technological project management
• Proficiency or exposure to reading property audits, budgets, financial statements, and real estate closing documentation (LPAs, loan agreements, assignments, regulatory agreements, etc.)
• Proficiency or exposure to analyzing financial performance of multifamily real estate assets and evaluating trends
• Proficiency in use of computer including exposure to one or more of the following applications: Microsoft Teams, SharePoint, Smartsheet, CoPilot, PowerBI, Outlook, Word, Excel, and PowerPoint ideally with intermediate or better understanding of excel
• Some exposure to property management and asset management softwares (i.e. Yardi, MRI, Real Page, Boston Post, Fussion, Starta, etc.) Equivalent relevant software or database experience will be considered.
• Exposure or working knowledge of HUD subsidy programs including Project-Based Section 8, Project-Based Voucher and Housing Choice Voucher programs and contracts.
• Exposure or working knowledge of the Federal Low Income Housing Tax Credit Program (LIHTC) and/or FHA affordable multifamily loan products.
• Project management experience.
• Experience working with data and excel.
• Experience working with legal/real estate closing documents.

Candidates should have demonstrated ability to:

• Communicate effectively in person and in writing;
• Perform spreadsheet and other financial analyses;
• Manage simultaneous and competing activities and demands, and
• Remain organized and meet deadlines.

About the Organization: Preservation of Affordable Housing, Inc. (POAH) is a national nonprofit organization whose mission is to preserve, create and sustain affordable, healthy homes that support economic security, racial equity and access to opportunity for all. POAH owns and operates more than 14,000 affordable homes at more than 140+ properties in 12 states and the District of Columbia. POAH is based in Boston with offices in Chicago and Washington, DC.

POAH's reach is national in scope, and its pursuit of the preservation mission is empowered by a focus on the business bottom line. Its strong reputation is the result of a demonstrated ability to craft complex financial transactions, tackle tough multi-family projects, and close deals that preserve the affordability of at-risk properties. The organization and its leaders are at the forefront of policy and legislative discussions around housing preservation, affordable housing finance and regulatory reform, including energy efficiency in the multifamily sector.