LIHTC Asset Management
LIHTC Asset Management
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Salary Not Disclosed
1 Vacancy
Job Description
ROLE OVERVIEW
Advantage Capital is seeking an individual with lowincome housing tax credit (LIHTC) experience to lead our growing asset management team. Applicants must have working knowledge of LIHTC compliance requirements and full understanding of how to read and interpret operating and income statements. Applicants must also have the ability to independently interpret data identify inconsistencies or noncompliance and make recommendations to leadership. Responsibilities and duties include:
KEY RESPONSIBILITIES
Manage the team of asset managers and analysts that support both the federal and state LIHTC teams
Responsible for assuring a clean transition of assets between the underwriting and asset management teams
Track receipt of financial and operational information from lower tier partnerships on a monthly quarterly and annual basis
Expedite collection of overdue deliverables by contacting property owners and property managers
Maintain and update data points in various spreadsheets and RealPage
Analyze and interpret data collected from properties for compliance with internal metrics
Prepare monthly quarterly and annual reports to leadership
Assist in developing reports related to property performance
Review tenant files to determine compliance with LIHTC program requirements
Perform site visits as requested
Assist in the gathering and review of documentation necessary to release equity installments
Analyzing lease up data to determine initial year credits
Reviewing/analyzing documentation supporting capital contribution installments and making recommendation as to whether benchmarks have been met including debt service coverage ratio stabilization and economic/physical occupancy calculations.
Other tasks as directed.
SKILLS AND REQUIREMENTS
5 years of relevant work experience in LIHTC asset management prior management experience a plus
Knowledge of the federal and state LIHTC programs and partnership structures
Ability to maintain a bigpicture focus while handling detailed work
Proficient computer skills: including the ability to understand and maintain financial models in excel
Excellent verbal and written communication skills
Strong organizational skills and attention to detail
Exceptional prioritization skills must track and manage multiple tasks and meet deadlines
Ability to work effectively in a team environment with a positive attitude and strong work ethic
QUALIFICATIONS
PREFERRED SKILLS
5 years previous affordable housing experience in asset management property management with emphasis in compliance oversight.
#LIONSITE
Employment Type
Full Time
