Senior Asset Manager-LIHTC

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Job Description:

Responsible for the oversight and management of a Direct Low Income Housing Tax Credit Portfolio up to approximately 60-70 Assets. The Portfolio will be a combination of Development and Stabilized Assets.

Responsibilities include:

• Identifying, classifying, quantifying and mitigating risk
• Monitor the Development Phase of the Asset through Conversion and Stabilization
• Conduct site visits according to risk classification
• Prepare semi-annual Watched Asset Reports and present during Watched Asset Meetings
• Analyze and negotiate all Capital Transactions such as Refinancing and Year 15 or Early Exits
• Analyze, negotiate and work with Counsel on Partnership Amendments
• Analyze and negotiate waivers, as needed
• Work with General Partners (and consultant, if needed) on any Compliance issues
• Review and analyze K-1s, Tax Returns and Audits, as per policy and procedures
• Prepare Tax Return and Audit Checklists for each Investment
• Prepare stay/leave analysis, as necessary
• Work with WCAAs to maintain accurate data in CARMA and EDR
• Maintain strong relationships with GP clients and deliver first-class service
• Work cross-divisionally with internal partners, as appropriate

Required Skills:

• Minimum 7 years Asset Management experience with at least 5 years in LIHTC Industry
• Strong understanding of real estate spread sheets, Audits and Tax Returns
• Ability to prepare meaningful proformas
• Strong understanding of Capital Accounts
• Strong negotiation skills
• Strong communication and inter-personal skills
• Strong understanding of LIHTC benefit schedules
• Ability to identify and find resolution to Compliance issues
• Completed at least 1 LIHTC compliance course
• Ability to work as a Team player

Desired Skills:

• BA / BS
• Experience in negotiating end of life of Assets
• Experience in workouts
• Experience with HTC and State Credits

Skills:

• Business Acumen
• Loan Structuring
• Product Management
• Risk Management
• Coaching
• Consulting
• Decision Making
• Influence
• Result Orientation
• Credit Documentation Requirements
• Portfolio Analysis
• Regulatory Compliance
• Stakeholder Management
• Underwriting

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - MA - Boston - 100 Federal St - 100 Federal St Lp (MA5100)

Pay and benefits information

Pay range

$137,000.00 - $162,500.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.