Managing Director, LIHTC Community Investments – Aegon AM

Aegon Asset Management•Cedar Rapids, IA

5d•$225,000 - $270,000•Remote

About The Position

Aegon Asset Management (Aegon AM) is a leading global investor with 350 investment professionals managing and advising on assets of US $384 billion for a global client base. The firm is organized around four investment platforms: fixed income, real assets, equities, and multi-asset & solutions. Aegon AM has 1,125 employees across 14 locations globally and emphasizes fundamental, research-driven active management with a commitment to responsible investment. As the Managing Director, you will manage the LIHTC Production team, responsible for originating, underwriting, and closing Low Income Housing Tax Credit (LIHTC) transactions. This role involves managing internal support from departments such as legal, tax credit asset management, investor relations, accounting, and engineering. The Managing Director will drive the LIHTC acquisition strategy, oversee underwriting, provide technical expertise, and make investment recommendations. A significant portion of the role (25-30% of the production goal annually) will involve developing new business opportunities with developers, and interaction with investors may be required.

Requirements

Undergraduate or graduate degree with an emphasis in finance, accounting, mathematics, real estate, business and/or economics
Ten (10) years of work experience in real estate with a focus on acquisitions and underwriting, preferably with a financial institution or a low-income housing tax credit syndicator.
An existing book of clients and/or industry recognition to attract new developers to Aegon.
Seasoned expert in underwriting and production, negotiation skills, presentation skills.
Effective leadership and management skills.
Strong communication, interpersonal and organizational skills.
Proficiency in Excel (financial modeling of tax credit transactions) is required in order to perform and/or manage the financial analysis and preliminary underwriting of each transaction.
The ability to exercise independent judgment working successfully within a team-oriented environment.
Strong investment acumen, excellent leadership skills, and the ability to work under minimal supervision in a fast-paced, dynamic environment.

Responsibilities

Manage the LIHTC Production team, including oversight of Production Officers and the underwriting team.
Collaborate with LIHTC leadership team to drive communication, alignment, and unity across the LIHTC platform; foster a culture of constructive feedback, creative problem-solving, continuous improvement, and enthusiasm for change.
Screen new opportunities and collaborate with Production Officers to make recommendations to Investor Relations and Head of LIHTC on which transactions to pursue.
Review and approve Investment Committee Packages and Letters of Intent.
Train and develop new and existing staff.
Monitor LIHTC market conditions, including pricing and legislative updates.
Collaborate with LIHTC Asset Management as needed on new and existing investments.
Originate and facilitate new business opportunities with Low Income Housing Tax Credits developers.
Ability to interface with senior management, investment committee, investor relations, legal, tax credit asset management, and other lines of business as necessary.
Work with legal throughout the lifecycle of each transaction to successfully construct and negotiate LOIs, term sheets, partnership agreements, and other partnership closing documents as required.
Extend the platform by opening new markets, leading new initiatives and/or launching new products that will ultimately become a part of Aegon’s standard offerings.
Effective leadership and management of team level and ministerial duties. This includes development, mentoring, and setting objectives for meeting department goals.

Benefits

Competitive Pay
Bonus for Eligible Employees
Pension Plan
401k Match
Employee Stock Purchase Plan
Tuition Reimbursement
Disability Insurance
Medical Insurance
Dental Insurance
Vision Insurance
Employee Discounts
Career Training & Development Opportunities
Paid Time Off starting at 160 hours annually for employees in their first year of service
Ten (10) paid holidays per year
Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars
Parental Leave – fifteen (15) days of paid parental leave per calendar year
Adoption Assistance
Employee Assistance Program
College Coach Program
Back-Up Care Program
PTO for Volunteer Hours
Employee Matching Gifts Program
Employee Resource Groups
Inclusion and Diversity Programs
Employee Recognition Program
Referral Bonus Programs