CIC Director of Asset Management

About the role

The Director of Asset Management oversees a team of asset managers responsible for a portfolio of tax credit investments and community development loans. The role requires prior experience in closing or managing various tax credit investments, particularly LIHTC, and managing LIHTC loan portfolios.

Responsibilities

• Manage a team of asset managers responsible for overseeing both direct and fund investments and loans, coordinating reporting needs, equity fundings, loan maintenance, site visits, consents, and ongoing coordination with internal groups.
• Hire employees and ensure appropriate training and organizational growth and development opportunities.
• Maintain essential knowledge of current state of law/regulation across the tax credit industry.
• Review, approve, and elevate action plans to mitigate portfolio risks in a manner consistent with industry standards and business line objectives.
• Work directly with the Director of Syndications to ensure timely analysis and reporting required to assemble, service, and manage funds syndicated to third party investors.
• Act as part of leadership team in building various CIC infrastructure projects, including specific processes and procedures for the Asset Management team.
• Ensure design and execution of processes and procedures to accurately identify, explain, and minimize portfolio risk.
• Identify and execute on opportunities to maximize portfolio value through forward-looking management of capital accounts, exit strategies, and syndication opportunities.
• Ensure efficiency and accuracy of reporting outputs, including but not limited to tax credit delivery and capital adjuster calculations, data aggregation and compilation, forecasting, and benefit delivery.

Requirements

Basic Qualifications:

• Bachelor’s degree from an accredited university or equivalent experience.
• Finance, accounting, or business degree preferred.
• 10+ years of Tax Credit investment experience with focus on asset management preferred.

Preferred Qualifications

• Advanced degree or certification (e.g., JD, MBA, CPA, CFA, etc.) or equivalent experience.
• Strong experience with LIHTC, and reasonable exposure to HTC and NMTC preferred.
• Relevant real estate experience with focus on asset management.
• Prior experience working as a national tax credit syndicator is a plus.
• Understanding of bank’s credit profile, credit policies, and risk management objectives.
• Advanced understanding of Tax Credit investments and associated legal/regulatory environment, limited partnership agreements and loan documents with focus on guarantees and security.
• Strong analytical and problem-solving skills with careful attention to detail.
• Demonstrated experience forming and presenting data-driven conclusions to Credit Administration and other internal stakeholders.
• Proven track record of working successfully with clients, team members, and management.
• Strong time management and organizational skills.
• High level of emotional intelligence in a division undergoing change.

Pay

Exempt Status: Yes

Schedule

Office Workplace Type: Office