About the role

Manage a portfolio of Low Income Housing Tax Credit investments ensuring compliance and financial performance. Report directly to the Director of Asset Management overseeing multiple projects across the US.

Responsibilities

manage a portfolio of closed debt and equity investments.
analyze and timely report on asset performance, recommend timely action on customer requests, and ensure timely assessment and reporting of asset quality indices to Management and Credit.
report to the Director of Community Impact Capital Asset Management, or an Asset Management Team Leader.
ensure/monitor equity investment value and loan risk factors through the timely receipt and reporting of current and relevant information by developing and maintaining relationships with General Partners/developers, management agents, lenders, contractors, accountants, third-party consultants, and others.
structure appropriate action plans, obtain investor and/or credit approval, and ensure their correct implementation to preserve investor value, reduce risk of loan loss, and maintain compliance with current tax law and other affordable housing regulatory requirements.
assess project and partnership compliance with Low Income Housing Tax Credit and Historic Tax Credit provisions, terms of partnership agreement, loan documents, operational benchmarks, and financial covenants.
provide identification and reporting of risk factors which could result in non-compliance.

Bachelor’s degree from accredited university.
8+ years of Low Income Housing Tax Credit (LIHTC) investment experience with focus on asset management preferred.
Basic understanding of Low Income Housing Tax Credit (LIHTC) investments and associated legal/regulatory environment, limited partnership agreements and loan documents with focus on guarantees and security.
Prior experience working of a national tax credit syndicator is a plus.
Strong analytical and problem-solving skills commensurate with experience, 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;
Advanced degree or certification (e.g., JD, MBA, CPA, CFA, etc.) or equivalent experience;
Reasonable exposure to HTC and NMTC preferred.
Relevant real estate experience with focus on asset management.
Understanding of bank’s credit profile, credit policies, and risk management objectives commensurate with experience