Fund Manager - LIHTC

Berkadia•Philadelphia, PA

16h•Remote

About The Position

The Fund Manager provides analytical and administrative support to the AVP Fund Manager s from inception through stabilization of LIHTC Funds and the ir underlying properties. Thereafter, the Fund Manager is responsible for investor reporting, client servicing and aggregation of Berkadia’s portfolio data. In this role, you will perform quarterly updates to property level and Fund level projections based on actual events and annual tax returns, with specific attention to capital contribution adjusters, capital accounts and investor IRR. You will manage quarterly Fund financial statements and assist with the preparation and review of monthly Corporate financial statements, maintaining related workbooks and schedules. You will review Fund and Partnership operating agreements, record transactions, and monitor capital contributions received from investors and paid to Partnerships, ensuring all capital accounts are up to date. You will ensure compliance with Fund level operating agreements, analyze post-close waiver requests submitted by Asset Management and make recommendations to VP Fund Management. You will coordinate and manage Fund audits, tax returns, and investor K-1 preparations. You will manage quarterly reporting obligations, investor requests, and annual analyses of Fund reserves. You will collect, maintain and analyze data for annual Syndicator Assessment reports. You will collaborate with the Asset Management department and manage workflow with support from Berkadia’s Global Production team (remote office in Hyderabad, India).

Requirements

Experience in fund/partnership accounting and tax preparation, with LIHTC experience highly desirable
CPA designation preferred
Strong quantitative and analytical skills, with proficiency in financial modeling and Microsoft Office applications
High attention to detail and accuracy, with the ability to manage complex financial data effectively
Excellent communication skills, both written and verbal, to convey information clearly and professionally
3+ years of experience in a similar position
Bachelor's degree or equivalent

Responsibilities

Perform quarterly updates to property level and Fund level projections based on actual events and annual tax returns, with specific attention to capital contribution adjusters, capital accounts and investor IRR.
Manage quarterly Fund financial statements and assist with the preparation and review of monthly Corporate financial statements, maintaining related workbooks and schedules.
Review Fund and Partnership operating agreements, record transactions, and monitor capital contributions received from investors and paid to Partnerships, ensuring all capital accounts are up to date.
Ensure compliance with Fund level operating agreements, analyze post-close waiver requests submitted by Asset Management and make recommendations to VP Fund Management.
Coordinate and manage Fund audits, tax returns, and investor K-1 preparations.
Manage quarterly reporting obligations, investor requests, and annual analyses of Fund reserves.
Collect, maintain and analyze data for annual Syndicator Assessment reports.
Collaborate with Asset Management department and manage workflow with support from Berkadia’s Global Production team (remote office in Hyderabad, India).