Commercial Real Estate Asset Manager

Responsibilities

• Proactively identify, assess, classify, and mitigate asset-level risks across the portfolio
• Monitor performance trends and intervene as needed to protect asset value and investor returns
• Maintain appropriate risk ratings and ensure timely escalation of issues
• Oversee assets through the full lifecycle, with a focus on development, conversion, and stabilization phase
• Monitor construction progress, lease-up performance, and achievement of underwriting targets
• Coordinate with sponsors and internal stakeholders to address delays, cost overruns, or operational issues
• Conduct site inspections in accordance with asset risk classifications
• Prepare detailed semi-annual Watched Asset Reports and present findings in portfolio review meetings
• Maintain accurate, up-to-date asset data in internal systems (e.g., CARMA, EDR) in coordination with WCAAs
• Analyze, structure, and negotiate capital transactions, including refinancings, Year 15 dispositions and early exits and recapitalizations
• Prepare stay/leave analyses to inform investor decision-making
• Analyze and negotiate partnership amendments in coordination with legal counsel
• Evaluate and process waiver requests, ensuring alignment with risk and policy considerations
• Partner with General Partners (GPs) and consultants to resolve compliance issues
• Review and analyze K-1s, partnership tax returns, and audited financial statements in accordance with internal policies
• Prepare tax return and audit review checklists for each investment
• Ensure adherence to LIHTC regulatory requirements and benefit schedules

• 3+ years of experience in real estate asset management, preferably within LIHTC or affordable housing
• Strong financial analysis skills, including proficiency in real estate modeling and pro forma development
• Solid understanding of Real estate financial statement, Partnership capital accounts, Tax returns, K-1s and audits
• Knowledge of LIHTC program structures and benefit schedules
• Demonstrated ability to identify and resolve compliance issues
• Completion of at least one LIHTC compliance training/course