Commercial Real Estate Asset Manager

Member of the Asset Management Team Oversees and manages a Direct LIHTC portfolio, including development, conversion, and stabilization phases, analyzing and negotiating capital transactions, and ensuring compliance with regulatory requirements. Responsibilities Proactively identify, assess, classify, and mitigate asset‑level risks across the portfolio. Monitor performance trends and intervene as needed to protect asset value and investor returns. Maintain appropriate risk ratings and ensure timely escalation of issues. Oversee assets through the full lifecycle, focusing on development, conversion, and stabilization. Monitor construction progress, lease‑up performance, and achievement of underwriting targets. Coordinate with sponsors and internal stakeholders to address delays, cost overruns, or operational issues. Conduct site inspections in accordance with asset risk classifications. Prepare detailed semi‑annual Watched Asset Reports and present findings in portfolio review meetings. Maintain accurate, up‑to‑date asset data in internal systems (e.g., CARMA, EDR). Analyze, structure, and negotiate capital transactions, including refinancings, Year15 dispositions, early exits, and recapitalizations. Prepare stay/leave analyses to inform investor decision‑making. Analyze and negotiate partnership amendments in coordination with legal counsel. Evaluate and process waiver requests, ensuring alignment with risk and policy considerations. Partner with general partners and consultants to resolve compliance issues. Review and analyze K‑1s, partnership tax returns, and audited financial statements in accordance with internal policies. Prepare tax‑return and audit review checklists for each investment. Ensure adherence to LIHTC regulatory requirements and benefit schedules. Required Qualifications 3+ years of experience in real‑estate asset management, preferably within LIHTC or affordable housing. Strong financial analysis skills, including real‑estate modeling and pro‑forma development. Solid understanding of real‑estate financial statements, partnership capital accounts, tax returns, and audits. Knowledge of LIHTC program structures and benefit schedules. Demonstrated ability to identify and resolve compliance issues. Desired Qualifications Bachelor’s degree (BA/BS) in Finance, Real Estate, Accounting, or a related field. Skills Business Acumen Loan Structuring Product Management Risk Management Coaching Consulting Decision Making Influence Result Orientation Credit Documentation Portfolio Analysis Regulatory Compliance Stakeholder Management Underwriting Benefits Industry‑leading benefits, including paid time off and comprehensive support for employee well‑being. Pay Range $88,000.00 – $131,000.00 annualized salary, with discretionary incentive eligibility. #J-18808-Ljbffr