Asset Manager Job Atlanta area,Georgia USA,Finance & Banking

About The Employer

Affordable Equity Partners, Inc. (AEP) provides a full range of investment banking services for those seeking to finance, build, purchase or rehabilitate multi-family housing. Since 1997, AEP has invested in nearly 27,000 homes in 500 communities. AEP serves the growing need for affordable housing across 16 states in 250 cities, and has successfully syndicated over $4 billion in tax credits to build or preserve homes for working class families and seniors.

Location:

Atlanta, GA

Employment Type:

Full-time

About The Employer

Role

Summary

Asset Managers ensure that each affordable housing community is being developed and maintained in accordance with IRS Section 42 regulations. The Asset Manager must minimize the risk of tax credit recapture through the identification and notification of potential problems that may lead to recapture, and is responsible for monitoring a portfolio of affordable housing partnerships and loans to maximize long-term performance and ensure the annual delivery of tax credit benefits.

What

You’ll Do

Establish and maintain excellent working relationships with property stakeholders
Maintain detailed working knowledge of each project within the assigned portfolio
Review and understand limited partnership agreements, regulatory agreements, financing documents, and other sources to determine enforce ability of terms
Manage construction schedules, lease-up schedules, cost certification, and 8609 executions to ensure timely delivery of first-year credits
Perform quarterly construction site visits to properties under construction within the portfolio
Review and approve documentation submitted to satisfy requests and process capital call payments to properties in the portfolio
Monitor, analyze, review, and report on financial performance of the assets, including quarterly and annual statements, income and expense analysis, balance sheet analysis, budgets, and occupancy
Analyze property performance, valuation, market trends, and operational strengths and weaknesses to inform strategies for maximizing value
Identify watchlist properties and develop strategies to overcome issues
Work to resolve problems through collaboration with the asset management team, general partners, property managers, lenders, and governmental agencies
Analyze financial performance of collateral, borrowers, guarantors, key principals, and other stakeholders
Perform risk assessments of investments, markets, and partners, and manage corrective strategies when performance issues are detected
Review the published list of properties that should be considered for refinance and disposition
Provide operational feedback to inform design, leasing, financing, and disposition strategies for new development projects

Required Qualifications

Bachelor's degree required, preferably in business administration, public policy, finance, economics, or a related field
3-5+ years of professional experience, preferably in affordable housing, property management, public finance, government, or a related field
Core competencies and experience in property management and real estate finance strongly preferred
Proficiency in real estate terminology and concepts; basic knowledge of affordable housing programs at the City, State, and Federal levels encouraged, such as LIHTC, HOME, and Section 8
Strong verbal and written communication and public presentation skills
Strong organizational skills and ability to coordinate complex activities, prioritize conflicting demands, and meet deadlines
Strong computer skills with thorough knowledge of MS Word, Excel, and Outlook
Ability to travel approximately 50% in the first year, decreasing in subsequent years

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