Senior Asset Manager - LIHTC

PNC Bank•Louisville, KY

7h•Onsite

About The Position

As a Senior Asset Manager within PNC's Multifamily Capital organization, this role manages Low-Income Housing Tax Credit (LIHTC) investments throughout their lifecycle, from construction through disposition. The Senior Asset Manager represents the equity partner by monitoring asset performance, evaluating equity and credit risk, conducting site inspections, and providing strategic oversight to help achieve investment objectives. Strong knowledge of affordable housing, construction management, and portfolio risk assessment is essential. The role also oversees medium- to high-complexity portfolios and borrower requests involving securitized CMBS, Agency, SFR, SASB, and other portfolios of loans secured by income-producing commercial real estate. The position is based in an office in Louisville, KY; Charlotte, NC; Boston, MA; or Minneapolis, MN. PNC does not provide employment visa sponsorship or participate in STEM OPT for this position.

Requirements

Bachelor's degree; a comparable combination of education, job-specific certifications, and experience, including military service, may be considered in lieu of a degree.
At least 3 years of relevant or direct industry experience.
Knowledge of affordable housing, construction management, and portfolio risk assessment.
Advanced knowledge of commercial real estate, industry terminology, and real estate capital markets.
Ability to analyze financial reports and statements, assess credit risk, and propose risk mitigants.
Ability to review and interpret complex loan documents and servicing agreement requirements.
Strong communication and collaboration skills.
Ability to manage multiple priorities and apply decision-making, critical-thinking, and problem-solving skills.

Nice To Haves

Asset management skills.
Decision-making skills.
Financial accounting knowledge.
Financial management skills.
General Ledger (GL) knowledge.
Investment management skills.
Revenue recognition knowledge.
Certifications are often desired.

Responsibilities

Manage LIHTC investments throughout their lifecycle, from construction through disposition.
Represent the equity partner by monitoring asset performance and providing strategic oversight.
Evaluate equity and credit risk and help ensure investment objectives are achieved.
Conduct site inspections.
Oversee medium- to high-complexity portfolios and borrower requests for commercial real estate loan portfolios.
Analyze property operating statements, loan guarantor financials, loan-level covenants, and market economic data.
Review and interpret complex loan documents and servicing agreement requirements.
Evaluate credit risk and propose risk mitigants in accordance with established procedures.
Prepare and present formal recommendations for approval under applicable delegations of authority.
Communicate frequently with borrowers and their representatives, legal counsel, rating agencies, special servicers, and investors on complex matters.
Collaborate with internal business partners to support cross-departmental decision-making.
Participate in process improvement initiatives and special departmental projects.

Benefits

Medical and prescription drug coverage, including a Health Savings Account feature.
Dental and vision options.
Employee and spouse/child life insurance.
Short- and long-term disability protection.
401(k) with PNC match.
Pension and stock purchase plans.
Dependent care reimbursement account.
Back-up child and elder care.
Adoption, surrogacy, and doula reimbursement.
Educational assistance, including select fully paid programs.
Wellness program with financial incentives.
Maternity and/or parental leave.
Up to 11 paid holidays each year.
9 occasional absence days each year, unless otherwise required by law.
15 to 25 vacation days each year, depending on career level and years of service.