Sr. Associate Director, LIHTC Equity Underwriting - Aegon AM

Aegon Asset Management•San Francisco, CA

14d•$150,000 - $200,000•Remote

About The Position

Aegon Asset Management (Aegon AM) is a leading global investor. Our 350 investment professionals manage and advise on assets of US $384 billion for a global client base of pension plans, public funds, insurance companies, banks, wealth managers, family offices and foundations. We organize our firm around four investment platforms: fixed income, real assets, equities and multi-asset & solutions, which includes a fiduciary and multi-manager business. Each investment platform has dedicated teams with deep asset-class expertise, organized globally and committed to maximizing client benefit from their specialist areas. We are an international business: Our 1,125 employees work from 14 locations across Europe, the Americas and Asia. We share a common belief in fundamental, research-driven active management, underpinned by effective risk management and a commitment to responsible investment. Aegon USA Realty Advisors, Inc., a member of the Aegon Group, is seeking an Associate Director for its Community Investments Group. Aegon Community Investments places equity in federal and state Low Income Housing Tax Credit (LIHTC) transactions for placement with third-party investors and with Aegon and its affiliated companies. Position Overview: The Senior Associate Director will assist the Community Investments Group by structuring, underwriting and closing tax credit transactions. The Senior Associate Director will identify and ensure that the core benefits and risks of a proposed investment align with the company’s investment criteria and based on that analysis will prepare and recommend the investment to Aegon’s Real Estate Investment Committee. It is expected that this individual will be able to perform many of its core responsibilities, identified below, with limited supervision.

Requirements

Undergraduate or graduate degree with an emphasis in finance, accounting, mathematics, real estate, business and/or economics.
Six (6) years of work experience in real estate with a focus on multifamily housing.
Proficient in Excel and Word.
Excellent communication, interpersonal and organizational skills.
Ability to exercise sound and independent judgment as well as work independently.
Ability to travel.

Nice To Haves

Four (4) to six (6) years of experience underwriting affordable housing transactions, preferably with a financial institution, private equity firm or a low-income housing tax credit syndicator.

Responsibilities

Make sound investment recommendations and present to the real estate investment committee for approval.
Preparing investment committee packages.
Financial modeling.
Review project documents; identify risks and understand tax related Low Income Housing Tax Credit issues.
Researching and evaluating market data, which may require travel to review comparable real estate sites in the market, site visits on proposed investments along with developers’ existing projects.
Coordination with internal and external consultants on due diligence reviews.
Collecting and reviewing project-specific documentation and working with internal and external counsel to achieve a timely close.
Work with and provide information, as needed to the Distribution and Client Management group and respond to investor inquiries as necessary.
Special projects will be assigned as needed by manager.

Benefits

Competitive Pay
Bonus for Eligible Employees
Benefits Package: Pension Plan
401k Match
Employee Stock Purchase Plan
Tuition Reimbursement
Disability Insurance
Medical Insurance
Dental Insurance
Vision Insurance
Employee Discounts
Career Training & Development Opportunities
Health and Work/Life Balance Benefits: Paid Time Off starting at 160 hours annually for employees in their first year of service.
Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).
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 to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.
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