Asset Manager - Stabilized

Crea•Indianapolis, IN

4d•Hybrid

About The Position

CREA, LLC is seeking an Asset Manager – Stabilized to join its Asset Management department in the Indianapolis office. CREA is a full-service low-income housing tax credit (LIHTC) syndicator with more than 20 years of experience in affordable housing. The position manages assets in the stabilized phase within CREA’s portfolio of Section 42 LIHTC properties, overseeing them from stabilization—receipt of executed 8609s or final release of equity—through the end of the 15-year compliance period. The Asset Manager serves as a liaison between CREA and its operating partners and provides ongoing monitoring and updates to investor partners. The role includes monitoring property performance and compliance, reviewing financial and tax reporting, analyzing cash flow and risks, coordinating annual compliance and insurance reviews, and conducting annual property site visits. The position is based in the Indianapolis CREA office, with in-office work Tuesday through Thursday and a flexible schedule Monday and Friday. Up to eight weeks of travel annually is expected; travel may include overnight stays.

Requirements

Bachelor’s degree with a major in accounting, finance, real estate, or another business-related field.
At least two years of work experience in asset management, accounting, and/or the multifamily affordable housing industry.
Proficiency with Microsoft Office, especially Excel and Word.
Excellent communication skills and ability to interact comfortably with senior management and a large external client base.
Ability to identify and verbalize issues with partners.
Currently hold or be able to obtain an LIHTC Compliance Certification.
Valid driver’s license for required travel, which may be up to 20% annually and may include overnight stays.
Excellent problem-solving, organizational, interpersonal, and time-management skills.
Ability to identify, simplify, process, and resolve complex issues.
Excellent oral and written communication skills.
Ability to receive, monitor, and follow through on requests, projects, and problems to completion.
Ability to multitask, prioritize, and meet deadlines.
Ability to manage and administer sensitive and confidential information.
Strong initiative and ability to work with minimal guidance and supervision.
Commitment to excellence, attention to detail, and accuracy, and ability to provide high-quality work products.
Must be authorized to work in the United States without current or future employment visa sponsorship from CREA.

Responsibilities

Maintain detailed working knowledge of each property in the assigned portfolio.
Oversee and monitor LIHTC properties from stabilization through the end of the 15-year compliance period.
Serve as a liaison between CREA and operating partners and provide ongoing monitoring and updates to investor partners.
Collect, review, and provide monthly, quarterly, and annual property financial reporting.
Analyze partnership financial statements using Investment Central (MRI) and perform risk rating analysis.
Analyze cash flow and ensure distributions are made on time and in accordance with agreements.
Collect lower-tier partnership tax returns and audits and coordinate their review and approval through CREA Fund Management Group.
Monitor properties for compliance with partnership agreements and maintain knowledge of Section 42 LIHTC compliance requirements.
Review general partner requests concerning potential deal changes and prepare formal requests for Investor Relations.
Coordinate annual compliance and insurance reviews with a third-party consultant.
Use the centralized MRI database to track property data, monitor performance, and produce investor reports.
Complete special projects and reporting as requested.
Conduct annual property site visits and follow up on deferred-maintenance comments until corrected.