Senior Asset Manager, Equity
About The Position
The Senior Asset Manager will assist a team in managing the portfolio of multifamily properties syndicated through the Low-Income Housing Tax Credit “LIHTC” program. The main responsibilities include asset monitoring, financial analysis, risk assessment and reporting. The Senior Asset Manager will implement proactive strategies to maximize investment benefits. The position is ideally suited for an individual with strong analytical, financial and communication skills. This position requires travel. A successful Senior Asset Manager will effectively monitor the financial and operational performance of assigned LIHTC assets, proactively identify risks and under-performing properties, and execute strategies that protect and enhance portfolio value.
Requirements
- Strong analytical skills for reviewing and analyzing financial statements.
- Ability to use Microsoft Office & Outlook.
- Strong written and verbal communication with colleagues and clients and the ability to work collaboratively.
- Excellent time management and organizational skills and a detailed approach to completing daily tasks.
- 3+ years of relevant professional work experience with an emphasis in LIHTC asset management, and/or real estate development financial management.
- Bachelor’s degree from an accredited institution accepted with 3 to 5 years of relevant professional work experience with an emphasis in financial analysis, asset management, and/or real estate development financial management.
Nice To Haves
- Experience managing and training others in LIHTC Asset Management preferred.
- Experience working in MRI Solutions (Investment Central/Integratec) a plus.
Responsibilities
- Lead a small team of Asset Managers or Analysts, assisting in the oversight of their portfolios, along with managing your own assigned properties.
- Review and analyze property operations to evaluate performance and risk factors.
- Prepare quarterly investor reports and risk ratings based on review of financial statements, updated projections, and status reports.
- Proactively identify under-performing assets or property concerns and implement workout strategies to maximize value.
- Monitor construction and lease-up progress through the collection of construction draws, inspection reports, rent rolls and qualified occupancy reports.
- Collect and analyze audited financial statements and tax returns and benchmark against initial projections.
- Oversee stabilization and loan conversion.
- Maintain post-closing financial models.
- Evaluate management companies’ experience, marketing plans, and compliance strategies prior to closing.
- Develop and maintain strong relationships with general partners, lender representatives, management agents and local officials.
- Ensure properties are in compliance with the LIHTC program and engage third party compliance when necessary.
- Facilitate the release of capital contributions.
- Conduct annual property site inspections.
- Provide clear and concise communication to colleagues and clients when required.
Benefits
- 401(k) employer contributions
- employee stock ownership plan (ESOP)
- medical, dental and vision insurance
- various types of leaves of absence, including paid time off, paid holidays, paid leave as provided under state and local paid leave laws, and short-term and long-term disability
- health savings accounts (HSAs)
- flexible spending accounts (FSAs)
- dependent care and commuter reimbursement accounts
- employee and dependent life insurance and supplemental life and AD&D insurance
- telehealth
- optional ancillary insurance policies
- education assistance
- employee assistance program
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Number of Employees
1-10 employees
