Managing Director, Asset Management - LIHTC

Managing Director of Asset Management – LIHTC

Senior leadership role responsible for co‑leading a team of approximately 14 Asset Management professionals and ensuring the successful delivery of asset management, consulting, and transaction support services to MRI’s affordable housing clients.

Key Responsibilities

• Leadership & Team Management: Co‑lead, develop, and mentor a high‑performing Asset Management team of approximately 14 professionals, establish performance expectations, drive accountability, and support professional growth and succession planning.
• Client Engagement & Revenue Ownership: Own the overall success of client engagements, ensuring high client satisfaction, retention, and growth, maintain accountability for engagement economics including revenue, margin, and EBITDA performance, and serve as a senior relationship manager for key executive‑level stakeholders.
• Asset & Portfolio Oversight: Oversee asset management activities designed to preserve and enhance asset value for LIHTC portfolios, provide strategic oversight of property operations, compliance, financial performance, and risk mitigation, and develop and implement proactive strategies to address operational, financial, and compliance challenges.
• LIHTC Expertise & Advisory: Apply deep knowledge of LIHTC partnership structures, equity, and financing, review and interpret partnership agreements, loan documents, and other legal/financial documents, and provide recommendations related to refinancing, recapitalizations, partnership restructurings, debt restructurings, and non‑compliance issues.
• Cross‑Functional & Service Development: Collaborate with cross‑functional teams to deliver asset management, training, consulting, and transaction support services, and participate in the development and enhancement of MRI’s service offerings, including new product and service line creation.

Education & Experience

• Bachelor’s degree (BA/BS) required.
• 15–20+ years of well‑rounded experience in affordable housing asset management with significant LIHTC focus.
• Proven experience leading teams and managing client‑facing engagements.
• Demonstrated success in senior advisory roles involving investors, lenders, developers, and public agencies.

Skills & Knowledge

• Technical & Analytical: Advanced Excel skills, ability to analyze operating data, investor returns, and portfolio performance, and strong analytical capabilities to resolve operational, financial, and compliance issues.
• LIHTC & Affordable Housing Expertise: Deep understanding of the affordable housing tax credit industry, particularly the equity side and increasingly the debt side, and knowledge of real estate, financing, tax, and compliance considerations at the operating partnership level.
• Communication & Client Management: Exceptional written and verbal communication skills, ability to present to diverse audiences, and proven ability to build trust with senior client stakeholders and manage complex client relationships.

Core Competencies

• Planning and organization
• Sound decision making
• Problem solving
• Team collaboration and strong customer service orientation
• Ability to manage multiple priorities effectively
• Strong analytical and writing skills
• Self‑motivation and reliability
• Adaptability in a dynamic, client‑focused environment

Leadership Competencies

• Integrity and professional judgment
• Initiative and accountability
• Trustworthiness and self‑discipline
• Conflict management and resolution
• Strategic problem solving
• Ability to lead the creation and implementation of new service offerings

Benefits

• Medical coverage options with HSA benefit
• Competitive 401(k) plan
• Parental Leave program
• 20 days PTO plus observed holidays and 15 hours of flex time per year
• Tuition reimbursement
• Flexibility to work from anywhere in the world for up to two weeks a year
• Employee resource groups and community engagement opportunities