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Project Coordinator - Development

PublishedPublished: 6/14/2022
Technology

Job Description

NO RECRUITER CALLS, PLEASE. APPLICANTS ONLY.

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Position: Project Coordinator - Development

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COMPANY: VITUS www.vitus.com

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LOCATION: Seattle, WA (in-office - Belltown)

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REPORTS TO: Director - Development

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SALARY RANGE: $75K - $85K

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Vitus is a growing, privately held real estate development and portfolio management firm. The firm includes an established and growing real estate investment platform focused on the acquisition, development, and ongoing asset management of a multi-family affordable housing portfolio made up of complex limited partnership interests. Vitus is a professional firm headquartered in Seattle and has a regional office in NYC.

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POSITION SUMMARY

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We are seeking a Project Coordinator to support the Development team across the real estate development process. The role provides hands-on exposure to affordable housing acquisitions, financing, due diligence, and closings while working with Development Directors, Development Managers, and internal and external partners.

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POSITION SPECIFIC RESPONSIBILITIES

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· Support Development Directors and Development Managers with activities across the real estate development process.

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· Assist with analyzing, interpreting, and summarizing real estate documents, including leases, contracts, and financial statements.

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· Support preparation of financing and investor applications, low-income housing tax credit (LIHTC) applications, and acquisition due diligence materials.

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· Maintain real estate market research and property information to inform investment decision-making.

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· Coordinate with internal teams—including Asset Management, Accounting, and Corporate Communications—on the ongoing management of real estate assets.

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· Assist with closings, including settlement of funds, document preparation, and closing accounting entries.

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· Track predevelopment and construction budgets and prepare funding draws.

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· Facilitate communication and workflow among Development team members and project partners.

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· Coordinate with property managers, management companies, and on-site personnel as needed.

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POSITION SPECIFIC EDUCATION, KNOWLEDGE, AND SKILLS

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REQUIRED

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· Bachelor's degree in Business, Finance, or related field

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· Strong work ethic and ability to work collaboratively in a fast-paced environment.

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· Excellent prioritization, organization, and time-management skills, with the ability to manage time-sensitive work and competing deadlines.

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· Strong oral and written communication, interpersonal, and problem-solving skills.

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· Ability to work independently, maintain accurate records, and exercise careful attention to detail.

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PREFERRED

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· 0 - 3 years of relevant work experience in affordable housing, community development, multifamily real estate, or related industry

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· Exposure to real estate, LIHTC, or other affordable housing debt and equity products and structures

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· Demonstrated ability to work with financial and real estate information and support multiple projects or workstreams.

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· Experience supporting affordable housing development, acquisition due diligence, financing applications, or real estate closings.

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· Strong computer skills, including thorough knowledge of Outlook, Excel, and Word.

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BENEFITS

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Vitus offers a very generous suite of benefits to our staff:

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· Medical, dental, and vision coverage (100% coverage for staff members and partial coverage for dependents)

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· Basic life and employer-funded long-term disability

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· Health Savings Account

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· Flexible Spending Account

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· Commuter benefits

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· Wellness benefit

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· 401(k) with employer match

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· Four weeks of paid time off and 15 paid holidays

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· Competitive salary and annual bonus opportunities for all positions

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