Asset Manager - Stabilized

CREA, LLC is a full-service low-income housing tax credit (LIHTC) syndicator forming long-term relationships with investors and developers that cultivate success and improve lives. With more than 25 years in affordable housing, CREA has raised in excess of $14 billion since inception, resulting in the formation of over 100,000 homes within 1,000+ communities across the country.

About the role

This position will play an important role in managing assets in the Stabilized phase within CREA, LLC’s portfolio of Section 42 low-income housing tax credit properties.

Physical Presence: In-Office | Tue – Thu; Flexible | Mon & Fri
Open to: Indianapolis, IN

Responsibilities

• Maintain a detailed working knowledge of each property within the assigned portfolio.
• Oversee and monitor LIHTC properties from Stabilization (receipt of executed 8609s or final release of equity) through the end of the 15-year compliance period.
• Act as a liaison between CREA and its operating partners within the CREA Portfolio to provide ongoing monitoring and updates to CREA’s investor partners.
• Collect, review, and provide financial reporting on a monthly, quarterly, and annual basis for properties.
• Analyze partnership financial statements and perform risk rating analysis.
• Perform cash flow analysis and ensure distributions are made timely and in accordance with agreements.
• Collect tax returns and audits from the lower-tier partnerships and coordinate review and approval through CREA Fund Management Group.
• Monitor properties for compliance with partnership agreements.
• Maintain a detailed working knowledge of Section 42 LIHTC program compliance requirements.
• Review GP requests on potential deal changes and prepare formal requests for Investor Relations.
• Coordinate annual compliance and insurance reviews with third-party consultant.
• Work with a centralized database system to track property data, monitor performance, and produce investor reports.
• Special projects and reporting as requested.
• Perform annual site visits to properties and follow up on deferred maintenance comments until corrected. Up to 10 weeks of travel annually expected.

Requirements

• Bachelor’s degree required; Finance, Accounting, Real Estate, or another business-related field preferred.
• A minimum of two years of working in the areas of asset management, accounting, and/or multifamily affordable industry.
• Must be proficient with Microsoft Office Suite with a heavy emphasis on Excel and Word.
• Must have excellent communication skills and the ability to comfortably interact with senior management internally and a large external client base.
• The ability to identify and verbalize issues with partners.
• Currently has or has the ability to receive a LIHTC Compliance Certification.
• A valid driver’s license is required.

Skills

• Excellent problem-solving, organizational, interpersonal, and time management skills.
• Ability to identify, simplify, process, and resolve complex issues.
• Excellent oral and written communication skills.
• Ability to efficiently receive, monitor, and follow through with requests, projects, and problems to completion.
• Ability to multitask, prioritize, and meet deadlines.
• Ability to manage and administer sensitive and confidential information.
• Strong initiative and ability to work with minimal guidance & supervision.
• Commitment to excellence, attention to detail, and accuracy, providing high-quality work products.

Our Values

• We work as a family, investing in each other, worthy causes, and the communities we serve.
• We have integrity in all that we do; we embrace differences and treat others with kindness and respect.
• We believe that, with teamwork, we can accomplish anything and pursue inventive solutions for our clients.