Affordable Asset Manager

Responsibilities

• Partner with Acquisitions during underwriting to evaluate projected operating performance, investment assumptions, partnership structures, sponsor and property management capacity, and relevant market data.
• Assess deal structure, risk exposure, and overall investment viability.
• Manage the financial and operational performance of an assigned multifamily LIHTC portfolio.
• Review monthly property management reports and evaluate key performance indicators, including vacancy, delinquencies, turnover, and budget-to-actual variances.
• Analyze annual budgets, quarterly financial statements, audited financials, and K-1 tax returns.
• Monitor construction, lease-up, stabilization, ongoing operations, and compliance with Section 42 and applicable state agency requirements.
• Evaluate and approve equity installment requests, equity adjustments, yield maintenance calculations, and reserve withdrawals within defined authority limits.
• Perform surplus cash calculations and coordinate fee and cash flow distributions.
• Monitor guaranty triggers (completion, operating, and tax credit delivery) and assess guarantor financial capacity.
• Strengthen property monitoring and risk management processes, including oversight of third-party property management firms.
• Maintain accurate and complete portfolio records and internal databases.
• Develop and maintain strong relationships with general partners/sponsors and implement asset management strategies to enhance investment value.
• Provide refinancing, disposition, acquisition, restructuring, and workout support for distressed assets.
• Evaluate economic and demographic trends and assess their impact on portfolio performance.
• Prepare investor reports and deliver presentations to investors, clients, and Senior Management.

Qualifications

• Bachelor’s degree in Business Administration, Finance, Economics, Accounting, or a related field; equivalent experience considered.
• 5+ years of experience in affordable housing asset management, particularly LIHTC portfolios.
• Strong background in real estate operations, financial analysis, budgeting, reporting, and general accounting.
• Experience managing financial performance across a portfolio of properties required.
• Strong written and verbal communication, presentation, interpersonal, organizational, and negotiation skills.
• Advanced analytical and problem-solving abilities, with strong knowledge of accounting principles and the ability to interpret financial statements and underwriting models.
• Proficiency in portfolio and investment analysis, including IRR, XIRR, NPV, NOI, cap rates, DSCR, sensitivity analysis, equity installment tracking, yield maintenance calculations, and cash flow distributions.
• Ability to present complex financial and portfolio analysis to Senior Management and collaborate effectively within a broader asset management team.
• Ability to manage multiple priorities in a fast-paced environment while exercising sound judgment and maintaining a positive, team-oriented approach.
• Strong attention to detail and ability to oversee portfolio data integrity and reporting accuracy.

Preferred Qualifications

• Workout and restructuring experience strongly preferred.
• Proficiency in Microsoft Office applications; familiarity with Access, FileMaker, PowerPoint, and Crystal Reports preferred.

About Company