Open to: Any CREA Office location: Indianapolis, IN. or Boston, MA., Portland, OR., New York, NY., San Diego, CA.

Asset Manager - Development

Localización:

Open to: Any CREA Office location: Indianapolis, IN. or Boston, MA., Portland, OR., New York, NY., San Diego, CA.

Informes a:

Vice President, Asset Management

Presencia física:

In-Office | Tue – Thu; Flexible | Mon & Fri

Fecha:

March 2024

CREA, LLC es un sindicato de crédito fiscal para viviendas de bajos ingresos (LIHTC) de servicio completo que forma relaciones a largo plazo con inversionistas y desarrolladores que cultivan el éxito y mejoran vidas. Mientras CREA celebra más de 20 años en el negocio, se han recaudado más de $9,200 millones, lo que contribuye a la formación de más de 73,000 hogares dentro de 797 propiedades. Con más de 150 empleados, seguimos buscando personas talentosas y apasionadas que estén entusiasmadas con las oportunidades de crecer con nosotros.

Resumen de posición

This position will play an important role in managing a portfolio of assets in the Development phase within CREA, LLC’s portfolio of Section 42 low-income housing tax credit projects. Specific tasks will include:

Responsabilidades primarias

Portfolio Management

Maintain a detailed working knowledge of each property within the assigned portfolio.
Oversee and monitor the achievement of benchmarks such as construction completion, initial lease-up, stabilization, permanent loan conversion, and receipt of executed 8609s.
Lead Transition Calls for newly closed Partnerships within the assigned portfolio that are either a new relationship and/or an Acquisition Rehab in place.
Track, monitor, and calculate credit delivery to include review of occupancy reports, cost certifications, and 8609s.
Monitor properties for ongoing compliance with Partnership Agreements
Maintain a detailed working knowledge of Section 42 LIHTC program compliance requirements.

Reporting & Technology

Collect, review, and provide reporting on monthly, quarterly, and annual financial information
Work with the Investment Central database system to track property data
Analyze benchmark and financial statements and perform risk rating analysis
Assist in collecting tax returns and audits and coordinate review and approval through CREA’s Fund Management Group
Special projects and reporting as requested

Risk Management

Review GP requests on potential deal changes and prepare formal requests for Investor Relations
Ensure projects remain in balance during the development process and identify potential solutions to keep properties in balance when needed
Coordinate compliance reviews with third-party compliance consultants and perform some compliance work in-house

Draws & Funding

Collect and review monthly construction draws and process periodic Equity Installments
Work with internal and external partners to project future equity timing and needs

Requisitos de trabajo

Essential

Bachelor’s degree with a major in accounting, finance, real estate, or another business-related field
A minimum of two years of working in the areas of asset management, accounting, multifamily affordable industry, or development.
Must be proficient with Microsoft Office Suite with a heavy emphasis on Excel and Word.
Must have excellent communication skills and the ability to comfortably interact with senior management internally and with a large external client base.
The ability to identify and verbalize issues with the partners
Currently has or has the ability to receive a LIHTC Compliance Certification.
A valid driver’s license is required for limited travel of up to 5% annually with the potential for some overnight.
Must possess and be able to demonstrate effectiveness with each of the following Core Competencies

Preferred

Relatable experience working with Section 42 (low-income tax credit or other similar programs)

Competencias básicas

Excellent problem-solving, organizational, interpersonal, and time-management skills
Ability to identify, simplify, process, and resolve complex issues
Excellent oral and written communication skills
Ability to efficiently receive, monitor, and follow through requests, projects, and problems to completion
Ability to multi-task, prioritize, and meet deadlines
Ability to effectively manage and administer sensitive and confidential information
Must have strong initiative and can work with minimal guidance & supervision
Commitment to excellence, attention to detail, and accuracy, providing high-quality work product

Nuestros valores

Trabajamos como una familia, invirtiendo unos en otros, en causas valiosas y en las comunidades a las que servimos.
Tenemos integridad en todo lo que hacemos; aceptamos las diferencias y tratamos a los demás con amabilidad y respeto.
Creemos que, con el trabajo en equipo, podemos lograr cualquier cosa y buscar soluciones innovadoras para nuestros clientes.

Aplica ya

CREA cree en recompensar el arduo trabajo de todos aquellos que hacen posible nuestra misión. Conozca nuestros competitivos beneficios para empleados enMisCREABeneficios.com.