Senior Asset Manager
Bank of America
2021-12-03 13:00:03
Seattle, Washington, United States
Job type: fulltime
Job industry: Banking & Financial Services
Job description
Job Description:
Sr. Asset Manager collaborates closely with senior deal team members during the closing of Equity Investments and maintains a continuing role in the Asset Management and operational performance reviews of active Investments. Responsible for the oversight and management of a Direct LIHTC Portfolio of up to approximately 60 Assets. Key job functions include analyzing and negotiating all Capital Transactions such as Refinancing and Year 15 Dispositions; analyze, negotiate and work with Counsel on Partnership Amendments; work with General Partners/Consultants on any Compliance issues and maintains a strong working relationship with the General Partner
Functional Role Description:
Actively manage existing Portfolios through the following:
Review of Construction Inspection Reports
Review of Rent Rolls
Reprojection of Tax Credits
Operational Performance
Review of Amendment Requests
Preparation of Annual Reviews and Annual Review Addendums
Preparation of Stay/Leave Analysis for Disposition
Review and analyze Quarterly Financials, Tax Returns and Audits, per policy and procedures
Makes recommendations on the need for updated Benefit Schedules
Prepare and present Watch List Reports
Works with WCAAs to maintain accurate data in CARMA and EDR
Role Qualifications:
BA/BS
5+ years Asset Management Experience
5+ Years in LIHTC Industry
Strong Understanding of Real Estate Spreadsheets and Income Statements
Strong understanding of Capital Accounts
Strong understanding of LIHTC Benefit Schedules
Ability to identify and find resolution to Compliance issues
Completion of 1 LIHTC Compliance course
Experience in negotiating Year 15 Dispositions or Early Exits
Experience with Workouts
Leadership Competencies:
Demonstrates strong business and financial acumen
Ensures self and others maintain a strong focus on Client needs
Manages Client relationships
Contributes to the delivery of practical, innovative solutions to Clients that meet their individual needs
Demonstrates and encourages collaboration, connection and teamwork within and beyond his/her Team
Actively builds and sustains long-term relationships based on mutual trust
Is intellectually curious; constantly seeks to learn and advance his/her knowledge
Remain positive and focused during times of pressure, adversity, or change
Is resilient; quickly adjusts behaviors in order to be successful
Communicates with impact, both in writing and speaking using clear and concise language
Job Band:
H4Shift:
1st shift (United States of America)Hours Per Week:
40Weekly Schedule:
Referral Bonus Amount:
0 -->Job Description:
Sr. Asset Manager collaborates closely with senior deal team members during the closing of Equity Investments and maintains a continuing role in the Asset Management and operational performance reviews of active Investments. Responsible for the oversight and management of a Direct LIHTC Portfolio of up to approximately 60 Assets. Key job functions include analyzing and negotiating all Capital Transactions such as Refinancing and Year 15 Dispositions; analyze, negotiate and work with Counsel on Partnership Amendments; work with General Partners/Consultants on any Compliance issues and maintains a strong working relationship with the General Partner
Functional Role Description:
Actively manage existing Portfolios through the following:
Review of Construction Inspection Reports
Review of Rent Rolls
Reprojection of Tax Credits
Operational Performance
Review of Amendment Requests
Preparation of Annual Reviews and Annual Review Addendums
Preparation of Stay/Leave Analysis for Disposition
Review and analyze Quarterly Financials, Tax Returns and Audits, per policy and procedures
Makes recommendations on the need for updated Benefit Schedules
Prepare and present Watch List Reports
Works with WCAAs to maintain accurate data in CARMA and EDR
Role Qualifications:
BA/BS
5+ years Asset Management Experience
5+ Years in LIHTC Industry
Strong Understanding of Real Estate Spreadsheets and Income Statements
Strong understanding of Capital Accounts
Strong understanding of LIHTC Benefit Schedules
Ability to identify and find resolution to Compliance issues
Completion of 1 LIHTC Compliance course
Experience in negotiating Year 15 Dispositions or Early Exits
Experience with Workouts
Leadership Competencies:
Demonstrates strong business and financial acumen
Ensures self and others maintain a strong focus on Client needs
Manages Client relationships
Contributes to the delivery of practical, innovative solutions to Clients that meet their individual needs
Demonstrates and encourages collaboration, connection and teamwork within and beyond his/her Team
Actively builds and sustains long-term relationships based on mutual trust
Is intellectually curious; constantly seeks to learn and advance his/her knowledge
Remain positive and focused during times of pressure, adversity, or change
Is resilient; quickly adjusts behaviors in order to be successful
Communicates with impact, both in writing and speaking using clear and concise language
Job Band:
H4Shift:
1st shift (United States of America)Hours Per Week:
40Weekly Schedule:
Referral Bonus Amount:
0Job Description: Sr. Asset Manager collaborates closely with senior deal team members during the closing of Equity Investments and maintains a continuing role in the Asset Management and operational performance reviews of active Investments. Responsible for the oversight and management of a Direct LIHTC Portfolio of up to approximately 60 Assets. Key job functions include analyzing and negotiating all Capital Transactions such as Refinancing and Year 15 Dispositions; analyze, negotiate and work with Counsel on Partnership Amendments; work with General Partners/Consultants on any Compliance issues and maintains a strong working relationship with the General Partner
Functional Role Description:
Actively manage existing Portfolios through the following:
Review of Construction Inspection Reports
Review of Rent Rolls
Reprojection of Tax Credits
Operational Performance
Review of Amendment Requests
Preparation of Annual Reviews and Annual Review Addendums
Preparation of Stay/Leave Analysis for Disposition
Review and analyze Quarterly Financials, Tax Returns and Audits, per policy and procedures
Makes recommendations on the need for updated Benefit Schedules
Prepare and present Watch List Reports
Works with WCAAs to maintain accurate data in CARMA and EDR
Role Qualifications:
BA/BS
5+ years Asset Management Experience
5+ Years in LIHTC Industry
Strong Understanding of Real Estate Spreadsheets and Income Statements
Strong understanding of Capital Accounts
Strong understanding of LIHTC Benefit Schedules
Ability to identify and find resolution to Compliance issues
Completion of 1 LIHTC Compliance course
Experience in negotiating Year 15 Dispositions or Early Exits
Experience with Workouts
Leadership Competencies:
Demonstrates strong business and financial acumen
Ensures self and others maintain a strong focus on Client needs
Manages Client relationships
Contributes to the delivery of practical, innovative solutions to Clients that meet their individual needs
Demonstrates and encourages collaboration, connection and teamwork within and beyond his/her Team
Actively builds and sustains long-term relationships based on mutual trust
Is intellectually curious; constantly seeks to learn and advance his/her knowledge
Remain positive and focused during times of pressure, adversity, or change
Is resilient; quickly adjusts behaviors in order to be successful
Communicates with impact, both in writing and speaking using clear and concise language
Shift:
1st shift (United States of America)Hours Per Week:
40