Asset Manager â LIHTC - Aegon AM
Asset Manager â LIHTC - Aegon AM
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$ 90000 - 100000
1 Vacancy
Job Description
Job Description Summary
Aegon Asset Management (Aegon AM) is a leading global investor. Our 365 investment professionals manage and advise on assets of US $343 billion for a global client base of pension plans public funds insurance companies banks wealth managers family offices and foundations.We organize our firm around four investment platforms: fixed income real assets equities and multiasset & solutions which includes a fiduciary and multimanager business. Each investment platform has dedicated teams with deep assetclass expertise organized globally and committed to maximizing client benefit from their specialist areas.
We are an international business: Our 1130 employees work from 14 locations across Europe the Americas and Asia. We share a common belief in fundamental researchdriven active management underpinned by effective risk management and a commitment to responsible investment.
Position Overview:
The successful candidate will be primarily responsible for monitoring asset performance and maximizing revenue for clients by providing detailed asset management of a portfolio of real estate assets investments through Section 42 (LIHTC) and other tax credit programs to ensure delivery of investment benefits.
Job Description
Responsibilities:
- Establish an accretive business plan and proactive investment strategy with the objective of maximizing investment benefits (tax credits losses and distributions) cash flow and longterm property value.
- Analyze rent rolls vacancy and turnover information affordability profiles and financial operating statements.
- Monitor and evaluate financial performance of assigned assets perform risk assessments of the investments markets and partners and address nonperformance and legal issues related to the property.
- Manage developmentphase risks including monitoring construction draws and working with construction consultants and internal engineering team to ensure quality of construction development timelines and budgets are within expectations.
- Coordinate postclosing disbursement of equity and ensure achievement of development benchmarks.
- Deliver consistent and accurate reporting to the team and investors to aid in the overall management of the portfolio.
- Communicate risks to appropriate leadership in Asset Management and as problem solver develop action plan to protect the investment.
- Review and interpret legal documents such as partnership agreements loan agreements guarantees promissory notes and coordinate with appropriate parties to ensure compliance.
- Forecast income and expense projections capital requirements riskreturn analysis and hold/sell recommendations.
- Developing and executing on disposition strategies for the Limited Partner/Investor exit from LIHTC investments including negotiating exit terms preparing recommendations coordinating transactions and preparing related documentation.
- Perform property inspections to ensure viability prudent operational performance fiscal management compliance and document recommendations into the final review report.
- Participate in the underwriting and coordination of assets to evaluate risk. Maintain strong relationships with sponsors and internal teams.
Required Qualifications:
- Bachelors degree in commercial real estate or finance related field or equivalent experience.
- Three years of experience in asset management commercial real estate property management lowincome housing tax credit or relevant area.
Preferred Qualifications
- CCIM CPM or MBA.
- Experience in market rate and affordable multifamily investments.
**Please note that the compensation information that follows is a good faith estimate for this position only and is provided pursuant to applicable pay transparency and compensation posting laws. It is estimated based on what a successful candidate might be paid in certain Company locations.**
The salary for this position position generally ranges between $90000 $100000 annually. This range is an estimate based on potential qualifications and operational needs. Salary may vary above and below the stated amounts as permitted by applicable law.
Additionally this position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at the Companys discretion.
For eligible employees we offer a comprehensive benefits package designed to support both the personal and financial wellbeing of our employees.
Compensation Benefits:
Competitive Pay
Bonus for Eligible Employees
Benefits Package:
Pension Plan
401k Match
Employee Stock Purchase Plan
Tuition Reimbursement
Disability Insurance
Medical Insurance
Dental Insurance
Vision Insurance
Employee Discounts
Career Training & Development Opportunities
Health and Work/Life Balance Benefits:
Paid Time Off starting at 160 hours annually for employees in their first year of service
Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays)
Be Well Company holistic wellness program which includes Wellness Coaching and Reward Dollars
Parental Leave fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth placement of an adopted child or placement of a foster care child
Adoption Assistance
Employee Assistance Program
College Coach Program
BackUp Care Program
PTO for Volunteer Hours
Employee Matching Gifts Program
Employee Resource Groups
Inclusion and Diversity Programs
Employee Recognition Program
Referral Bonus Programs
Job and compensation levels depend upon an applicants qualifications including the extent of candidates relevant experience and other jobrelated factors and will be determined by hiring supervisors/managers and HR.
At Aegon Asset Management we are committed to fostering a diverse workforce and an inclusive culture. We are more than a global Asset Management firm we are a people business and we recognize that delivering excellent client outcomes comes from embracing diverse perspectives. We value diversity in the full range of human uniqueness without limitation including race gender ability language culture beliefs age origin background perspectives and experiences.
We are open to considering flexible working practices. Please talk to us about what this means for you.
#LIRemote
Why Work for Us
At Aegon Asset Management we invest in You.
Our people are our greatest asset; with a competitive rewards program including incentive compensation health and wellness benefits retirement programs and learning and development opportunities our employees are engaged and empowered. Come be a part of driving our success!
Equal Opportunity Employer:
AEGON USA Realty Advisors LLC is an Equal Employment Opportunity/ Affirmative Action Employer and does not discriminate against any applicant or employee because of age religion sex gender identity genetic information race color national origin pregnancy sexual orientation marital status participation in the uniformed services (e.g. U.S. Armed Forces National Guard) physical or mental disability or any other status protected by federal state or local equal employment opportunities laws.
Applicants with physical or mental disabilities may be entitled to a form of reasonable accommodation under the Americans with Disabilities Act and certain state and local laws. A reasonable accommodation is a change in the way things are normally done which will insure equal employment opportunity without imposing undue hardship on the Aegon Companies. Please contact: if you are a job seeker with a disability or are assisting someone with a disability and require assistance to apply for one of our jobs.
Technical Assistance:
If you experience technical problems during the application process please email .
Required Experience:
Manager
Employment Type
Full-Time
