Multifamily Asset Management Senior

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Job description

Job DescriptionAt Freddie Mac, you will do important work to build a better housing finance system and you'll be part of a team helping to make homeownership and rental housing more accessible and affordable across the nation. As part of Freddie Mac's return to the office pilot, all employees, contingent workers and visitors must be fully vaccinated against COVID-19 in order to be on-site unless they have an approved accommodation.Position Overview:If you are an inquisitive, curious self-motivated professional with a passion for multifamily real estate, Freddie Mac might be the employer for you! We are looking for a Multifamily Asset Management Senior to join the Structured Transactions group. The Structured Transactions group within Special Servicing handles asset management related functions for our (i) LIHTC Investments, (ii) complex portfolio and securitized assets, including bond transactions and (iii) revolving lines of credit.Our Impact:Our team is responsible for asset management coverage of all LIHTC investments and structured loan products, and balance sheet loansWe seek to timely fulfill our commitments and asset management functions on LIHTC investments and maintain high credit quality on requests for existing loans and structured dealsYour Impact:The hired candidate will analyze, process and manage a variety of consent requests, complete underwriting analysis, and work with legal counsel as appropriate. In addition, the Asset Management Senior will exercise delegated approval authority for certain credit decisions on regular requests and recommend to management for circumstances that exceed their respective levels of authority.Your work will primarily fall into the following categories :Assess project and partnership risk factors as they pertain to compliance with Section 42 (LIHTC) provisions, terms of partnership agreement, loan documents, LURAs, QAPs, and tax credit application.Manage the disbursement of equity for the assigned portfolio.Communicate issues that may place a project at risk to appropriate leadership in Asset Management and develop an action plan that will help mitigate the risk and protect the investment.Assist with the disposition of assets at the end of the affordable housing tax credit period or other dissolution event.Maintain a detailed and up-to-date record of property activity and document management in the database.Analyze, process and manage complex transactions, complete underwriting analysis on borrower requests such as: loan assumptions, collateral substitutions, easements and other industry standard performing loan requests.Qualifications:Typically has 5+years of relative experience in commercial real estate finance and asset management. LIHTC experience is a must.Bachelor's degree in Finance or Business Administration or an equivalent combination of education and experience from which comparable knowledge and skills may be acquired.Ability to efficiently manage large volumes of requests and be a flexible team playerProficiency with Microsoft Office products specifically Excel and WordProven ability to work accurately on projects with specific and measurable due dates and goals.Keys to Success in this Role:Interest in developing a skill set within asset management focusing a variety of complex financing structures or unstabilized assets.Exposure to a national multifamily real estate portfolioStrong verbal and written communication skillsAbility to prioritize and be self-directedExcellent customer service skillsStrong interpersonal skillsAttention to detailAbility to understand complex legal documentsExperience with financial analysis and valuationPrior experience as a LIHTC Asset Manager is highly preferredFreddie Mac is an equal opportunity employer and value diversity and inclusion at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, disability status or any other characteristic protected by applicable law.Current Freddie Mac employees please apply through the internal career site.Today, Freddie Mac makes home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Join our smart, creative and dedicated team and you'll do important work for the housing finance system and make a difference in the lives of others.We are an equal opportunity employer and value diversity and inclusion at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, disability status or any other characteristic protected by applicable law. We will ensure that individuals with differing abilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.Notice to External Search Firms: Freddie Mac partners with BountyJobs for contingency search business through outside firms. Resumes received outside the BountyJobs system will be considered unsolicited and Freddie Mac will not be obligated to pay a placement fee. If interested in learning more, please visit and register with our referral code: MAC.Time-type:Full timeJob Category:MF Asset ManagementFLSA Status:Exempt