Preservation Alliance of Minnesota
Job Description: Real Estate Manager
The Real Estate Manager is a success driven professional with expertise in real estate, finances, and tax credits. The Real Estate Manager will be responsible for administering, planning, and building relationships with a singular focus on historic tax credit financing. The Real Estate Manager will have the opportunity to build this program and shape it into the future. The goal of this position is to increase the Preservation Alliance’s state tax credit investment with a special focus in Minnesota, Iowa, and Wisconsin. The Real Estate Manager will also have the opportunity to develop new fee-based preservation services that will be available in the region.
Prospecting & Development (50%): Foster and develop positive working relationships with property owners, developers, attorneys, financial institutions, construction professionals, and accountants to increase program participation through face-to-face meetings, telephone calls, and event attendance. Identify new clients through project research and knowledge. Secure new clients and maintain relationships with existing clients. Negotiate, market, sell, and close historic tax credit loan transaction. Write term sheets and secure commitments from developers.
Loan Administration and Development (25%): Establish revenue goals and ensure that those goals are met annually. Administer the Real Estate program budget. Develop an annual work plan and work to goals. Review loan and organization documents. Maintain files (paper and electronic) in a clear and systemized manner.
Communications and Database (15%): Market and promote state tax credit investment program to industry professionals. Enter all contacts in the PAM database and develop clear communications strategy with industry. Maintain the project tracking system.
Other (10%): Write articles for MN Preservation, write web content, attend staff meetings, support events, and other duties related to being a staff person at PAM.
Qualifications or Requirements
- Minimum of an undergraduate degree in business, real estate, or related program.
- Three to five years direct work experience with real estate, financial management, business development, or fundraising.
- The ideal candidate will be extremely driven, a clear communicator, well-organized, and energized by the creation of new partnerships.
- General computer skill including familiarity with Microsoft Office programs is required.
- The Real Estate Manager will be asked to travel for up to 10 days at a time (including overnight) and work a varied schedule that includes nights and weekends. Access to reliable transportation and a current drivers license is necessary. The Real Estate Manager may be asked to life and transport up to 30 pounds and stand or sit for prolonged periods of time at conferences, events, and meetings.
Reporting and Other Details
The Real Estate Manager reports to the Executive Director. Applicants wishing to office remotely in the region will also be considered. The position will require travel throughout the region to develop close relationships with developers and other industry professionals including attorneys, accountants, financial professionals, and construction companies. The selected person must communicate clearly, juggle multiple priorities, meet deadlines, and understand and take direction. The employee must be dependable, trustworthy, and outgoing. This position is a full-time, salaried, exempt position with the expectation that the Real Estate Manager will work a minimum of 40 hours per week at a prorated salary level of $50,000 per year. All full-time PAM employees receive a benefits package of paid time off (20 days), insurance (health, dental, and vision), transportation/parking reimbursements, and monthly cell and date plan stipends.
This is a full-time at-will position that requires occasional evening and weekend work.
Disclaimer: The above statements are intended to describe the general nature and level of work performed by employees assigned to this position. They are not intended to be an exhaustive list of all duties, responsibilities, and qualifications. Management reserves the right to change or modify such.
Preservation Alliance of Minnesota provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, sexual orientation, national origin, age, disability or genetics.
Please send cover letter and resume to email@example.com.