Commercial Real Estate Asset Manager

Bank of America · Mount Pleasant, SC · 1 mo ago

SalesFull-time

Proactively identify, assess, classify, and mitigate asset-level risks across the portfolio
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
Collaborate 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
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

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

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