Managing Director, Asset Management - LIHTC

Overview

The Managing Director of Asset Management – LIHTC is a senior leadership role responsible for co-leading a team of approximately 14 Asset Management professionals and ensuring the successful delivery of asset management, consulting, and transaction support services to MRI’s affordable housing clients.

This role holds full accountability for client engagement success from both a service delivery and revenue/EBITDA perspective. The Director leads cross-functional teams to protect and enhance asset value—maximizing tax benefits, cash flow, and long-term performance—while serving as a senior advisor to clients, investors, lenders, and other key stakeholders.

• Leadership & Team Management:
  Co-Lead, develop, and mentor a high-performing Asset Management team of approximately 14 professionals; establish performance expectations, drive accountability, and support professional growth and succession planning; foster collaboration across asset management, consulting, training, and transaction support teams.
• Client Engagement & Revenue Ownership:
  Own the overall success of client engagements, ensuring high levels of client satisfaction, retention, and growth; maintain accountability for engagement economics, including revenue growth, margin, and EBITDA performance; serve as a senior relationship manager for key clients, building trusted advisor relationships with executive-level stakeholders.
• Asset & Portfolio Oversight:
  Oversee asset management activities designed to preserve and enhance asset value for LIHTC portfolios, including both tax benefits and cash flow; provide strategic oversight of property operations, compliance, financial performance, and risk mitigation; develop and implement proactive strategies to address operational, financial, and compliance challenges.
• LIHTC Expertise & Advisory:
  Apply deep knowledge of LIHTC partnership structures, equity, and financing, with growing emphasis on debt structures; review and interpret partnership agreements, loan documents, workout agreements, and other legal/financial documents; provide recommendations related to refinancing and recapitalizations, general partner substitutions, partnership restructurings, debt restructurings, Section 42 non-compliance issues, legal or strategic remedies as appropriate; support clients in property and/or partnership interest dispositions.
• Cross-Functional & Service Development:
  Collaborate with cross-functional teams to deliver asset management, training, consulting, and transaction support services; participate in the development, evolution, and enhancement of MRI’s service offerings to meet changing client needs; contribute to new product and service line creation related to affordable housing asset management.
• Education & Experience:
  
  Bachelor’s degree (BA/BS) required; 15–20+ years of well-rounded experience in affordable housing asset management, with significant LIHTC focus; proven experience leading teams and managing client-facing engagements; demonstrated success in senior advisory roles involving investors, lenders, developers, and public agencies.
• Skills & Knowledge – Technical & Analytical:
  Advanced Excel skills, including the ability to analyze operating data, investor returns, and portfolio performance; strong analytical capabilities to proactively resolve operational, financial, and compliance issues; working knowledge of partnership accounting related to LIHTC, capital accounts, elections, and investor benefits.
• LIHTC & Affordable Housing Expertise:
  Deep understanding of the affordable housing tax credit industry, particularly the equity side and increasingly the debt side; strong grasp of real estate, financing, tax, and compliance considerations at the operating partnership level.
• Communication & Client Management:
  Exceptional written communication skills—clear, detailed, persuasive, and well organized; strong verbal communication skills with the ability to present to diverse audiences, including internal teams, clients, investors, and industry professionals (in person, via Teams, and by phone); proven ability to build trust with senior client stakeholders and manage complex client…