Associate Asset Management

Job Responsibilities

• Monitor and evaluate on a quarterly, annual or as-needed basis the financial performance of each asset assigned and address major operational performance issues related to the property
• Expedite collection of overdue deliverables by contacting property owners / managers
• Maintain and update data points in various spreadsheets and online systems
• Analyze and interpret data collected from properties for compliance with internal metrics
• Prepare monthly, quarterly and annual reports to supervisor which are ultimately provided to senior leadership, and present updates to leadership as needed
• Monitor projects under construction and lease-up to ensure underwritten budgets and schedules are being maintained
• Risk rate assigned assets on quarterly basis and provide a proactive plan for addressing any property added to the watch list
• Reviewing/analyzing documentation supporting capital contribution installments and make recommendation as to whether benchmarks have been met – including debt service coverage ratio, stabilization, and economic/physical occupancy calculations
• Field partner requests and changes to partnership agreements for approval
• Analyze lease up to determine initial year credits and calculate and make recommendations to leadership on equity adjusters
• Track and review tax returns and tax credit eligibility documents from partnerships
• Other tasks as directed

Qualifications

• Working Knowledge of LIHTC Compliance requirements
• Excellent verbal and written communication skills
• Excellent organizational skills and attention to detail
• Able to multi-task and prioritize responsibilities as needed
• Excellent time management skills with a proven ability to meet deadlines
• Works well in a team setting
• Strong analytical and problem-solving skills
• Able to maintain confidentiality, and to exercise discretion and good judgment
• Proficient with Microsoft Office Suite or related software

Education Requirements

• Bachelor’s degree in commercial real estate or finance field, or equivalent experience in asset management
• Five years of experience in one or a combination of the following: commercial real estate, low-income housing tax credit investment, or asset management