Commercial Real Estate Asset Manager

Job Overview Member of the Asset Management Team. Works in a team environment collaborating closely with the deal team members during the closing of equity investment opportunities. Will maintain a continuing role in the asset management and performance monitoring of all active investments. 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, with a focus on development, conversion, and stabilization phase 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) in coordination with WCAAs Analyze, structure, and negotiate capital transactions, including refinancings, Year 15 dispositions and 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 (GPs) 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 proficiency in real estate modeling and pro forma development Solid understanding of real estate financial statement, partnership capital accounts, tax returns, K-1s and audits Knowledge of LIHTC program structures and benefit schedules Demonstrated ability to identify and resolve compliance issues Completion of at least one LIHTC compliance training/course 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 Requirements Portfolio Analysis Regulatory Compliance Stakeholder Management Underwriting Minimum Education Requirement High School Diploma / GED / Secondary School or equivalent Shift 1st shift (United States of America) Hours Per Week 40 #J-18808-Ljbffr Bank of America