Asset Manager - LIHTC

Asset Manager - LIHTC

Roers Companies is seeking an energetic, dedicated Asset Manager - LIHTC to join our team in Plymouth, MN!

Roers Companies is a national leader in multifamily real estate investment, development, construction, and property management. Headquartered in Plymouth, Minnesota, we're on a mission to elevate multifamily housing by developing and operating market-rate and affordable apartments in growing neighborhoods. Since our founding in 2012, Roers Cos. has developed more than $4 billion in real estate, representing 15,000+ homes across the Midwest, Mountain Southwest, and Sunbelt regions. Our team thrives on purpose-filled work, an entrepreneurial spirit, and unlimited growth potential.

Responsibilities

• Development of Asset Management plans for all Roers Companies LIHTC assets.
• Monitor the lease-up process of LIHTC assets in the Roers Companies portfolio, ensuring adherence to proforma and compliance with all applicable regulations (working with the internal compliance team).
• Coordinate and conduct periodic site inspections, whether Roers Companies internal process, or accommodating third party requests.
• Review and approval of annual operating budgets, also ensuring they are delivered to project partners on time.
• Monitor and evaluate financial performance of each asset on a regular basis by monitoring adherence to budget and proforma.
• Ensure each project is positioned to hit key milestones, including equity installments and loan earn-outs, through applicable testing requirements or otherwise.
• Address performance-related issues with projects not meeting KPI's through monthly interdepartmental "watchlist" meetings.
• Present on the condition of Roers Companies LIHTC projects monthly to the executive and senior leadership teams through asset review meetings.
• Work with Capital Planning to create a Capital Plan for the project life cycle, then ensure it is followed or variances in the plan are communicated during budgeting season to leadership.
• Auditing process verified and in place to ensure the interests of the firm and investors are protected regarding compliance requirement across the portfolio.
• Assist in the facilitation of responses to governmental, equity, or lending agencies.
• Management of property insurance for the operating LIHTC portfolio (policy placement, policy renewals, monitoring of claims).
• Must be, or be prepared to become, a "market expert" in the new submarkets Roers Companies is developing projects within.
• Supervision of financial analyst(s) required.
• Ad hoc projects as necessary.

Requirements

Education :

• Bachelor's degree in commercial real estate, finance, or related field.

Experience and/or Training :

• 7+ years of experience in either multifamily asset management, property management, or a combination of both.
• Meaningful experience with low-income housing tax credit investments is required. Compliance experience within this discipline is also required.
• Proficient Microsoft Excel skills and the ability to learn new software quickly.
• Experienced in financial analysis, forecasting, and preparing reporting for upper-level management.
• Experience in a managerial position is required, or the demonstrated ability to be a leader of people.

Competencies :

• Excellent communication skills, both verbal and written.
• Ability to work independently, remain organized, and prioritize many responsibilities with success.
• Highly motivated, driven, results-oriented individual who is a self-starter is preferred.
• The ability to travel approximately 20% of the time to projects is required.
• Ability to embrace company values: Passion, Integrity, Teamwork, Work Ethic, Ownership Mindset

Compensation and Benefits for Asset Manager - LIHTC

Pay Range: $102,400 - $134,800

Compensation is determined by several factors that vary depending on the position, including the individual's experience, skills, and the knowledge they bring to the specific role.

Roers offers a comprehensive benefits & perks package to full-time employees which may include:

• Health Plans - Medical, dental, vision, FSA, and HSA
• Family Leave - Paid birth & bonding leave
• Employer Paid Benefits - Basic life insurance, Accidental Death & Dismemberment (AD&D), and short-term disability
• Additional Voluntary Benefits Life Insurance, AD&D, long-term disability, critical illness, and accident insurance
• 401(K) - 3% company contribution, 100% vested after 2 years of employment
• Competitive PTO - 3 weeks of PTO with immediate accrual, 9 paid holidays, 1 floating holiday, and bereavement
• Health and Wellness - fitness membership reimbursement program
• Free stays in Roers' properties guest suites
• Rent Discount - 20% discount for employees living in Roers Companies properties
• Employee Referral Bonus Program - $2,500 referral bonus paid once referred candidate completes 60 days of employment
• Charitable Match Program Roers matches employee donations to charitable organizations
• Professional Development Opportunities
• Employee Assistance Programs

Roers Companies is focused on building a workforce that is diverse and inclusive. We are an Equal Opportunity Employer and consider applicants for employment without regard to race, color, religion, sex, orientation, national origin, age, disability, genetics, or any other basis forbidden under federal, provincial, or local law.

Roers Companies participates in E-Verify to confirm the employment eligibility of all newly hired employees. For further information about the federal E-Verify program, please click to see the Right to Work and E-Verify Participation posters.

Candidates will be required to pass a criminal background check and drug test.

In order to be considered for this position, applicants must complete a survey at this link: