21 Custom House Street, 8th Floor
The Asset Manager is responsible for managing a portfolio of Affordable Housing Tax Credit and/or New Market Tax Credit investments and/or other equity or loan products offered by the company.
- Manage the delivery of benefits to investors across an assigned affordable housing and community development real estate and business loan portfolio.
- Monitor the progress of properties through construction and lease up and through stabilization.
- Monitor the performance and program compliance of assets within an assigned portfolio through reviews of financial, operational, and tax reporting.
- Develop and maintain strong relationships with general partners, lender representatives, public agency partners, management agents, accounting firms, and other stakeholders.
- Manage the disbursement of capital contributions to project partnerships.
- Coordinate dispositions of assets within portfolio.
- Conduct site evaluations for portfolio assets.
- Perform credit analysis of borrowers, guarantors, and general partners/managing members for committee presentation.
- Oversee investor member consent and approval rights.
- Coordinate with development staff during project development through stabilization and first year credit delivery.
- Assist with preparation of investor reporting.
- Assist development officers in the pre-closing due diligence and in the review and approval of various project documents.
- Manage reposition situations.
- Assist in the review of LIHTC tenant certification documentation for new projects.
The Asset Management Officer is expected to execute daily duties independently with limited supervision, and report regularly to the Director of Asset Management.
- BS/BA degree in business, finance, real estate, or a related field is required.
- Minimum of five years’ experience in asset management of affordable housing and community development. Experience in property operations analysis and tax benefit analysis required.
- Proven financial analysis skills and fundamental knowledge of institutional real estate investment.
- S/he should have an in depth understanding of multifamily asset management, as well as commercial real estate principles.
- Excellent computer skills, including spreadsheet analysis.
- Excellent interpersonal skills and the ability to communicate effectively in person and in writing with colleagues and external partners regarding all aspects of investment structures and real estate, representing a wide range of disciplines and backgrounds.
- Familiarity with regulations of the Low Income Housing Tax Credit/Section 42 program, New Markets Tax Credit Program, and Historic Tax Credit program. Training certification in LIHTC compliance is preferred.
MHIC is an Equal Opportunity and Affirmative Action Employer.
Please submit resume to firstname.lastname@example.org