Manager, Transition Asset Management; St. Petersburg

Manager, Transition Asset Management (St. Petersburg) page is loaded## Manager, Transition Asset Management (St. Petersburg) locations:
St Petersburg, Florida - United Statestime type:
Full time posted on:
Posted Todayjob requisition :
R-0009403
** Job Description Summary
** Under very limited supervision, uses specialized knowledge and skills obtained through experience and education to manage staff of Transition Asset Managers. Manages staff and conducts deal analysis and due diligence on low income housing tax credit investments for Raymond James Tax Credit Funds (RJTCF). Completes senior level - final reviews, approvals, and processing of closings and subsequent draw requests for capital contributions to property specific partnerships.

Completes the investor approval process for obtaining subsequent capital contributions for property specific investments. Responsible for writing and maintaining underwriting policies and procedures. Will provide training, as well as manage, plan, assign, monitor, and lead the work of others. Works independently on difficult assignments that are broad in nature requiring originality and ingenuity with appreciable latitude for unreviewed actions or decisions.

Provides comprehensive solutions to complex problems. Extensive contact with internal customers and investors is required to identify, research, analyze, and resolve complex issues.
** Job Description
*
* Essential Duties & Responsibilities:

* Manage, plan, assign, monitor, and lead the work of 3-8 Transition Asset Managers.
* Performs supervisory activities including performance reviews, identifying performance problems and seeking guidance for remedial action and participating in interviewing and selecting staff.
* Reviews real estate documentation for consistency with RJTCF’s requirements and property specific investment criteria.
* Updates and/or reviews financial projections to reflect actual property performance.
* Reviews property financial statements, tax returns, cost certifications and low income housing tax credit (LIHTC) specific documentation.
* Reviews legal documents/memorandums and performs other “due diligence” procedures in connection with the property
* Final Underwriting review approval authority to review, approve, and process requests for capital contributions to the property specific partnerships
* Performs duties that require advanced knowledge and skills related to  real estate and LIHTC documentation and  LIHTC industry and legal requirements
* May coordinate the investor closing process for property specific partnerships.  This includes coordinating RJTCF internal and legal staff to provide responses to investor’s comments.
* Trains, coaches, and mentors other transition asset managers.
* Performs other advanced duties and responsibilities as assigned.

Advanced knowledge of:
* Company’s working structure, policies, mission, and strategies.
* Fundamental concepts, principles and practices of LIHTC.
* Fundamental concepts, principles and practices of the real estate industry.
* Principles of banking and finance industry operations.
* RJTCF’s lower and upper tier Partnership Agreement requirements.

Skill in:
* Reading and understanding standard real estate and LIHTC specific documentation
* Real estate financial projections
* Operating standard office equipment and using required software application to produce correspondence, reports, electronic communication, and spreadsheets.

Ability to:
* Communicate effectively both oral and written.
* With limited to no guidance, organize, manage and track multiple detailed tasks and assignments with frequently changing priorities in a fast-paced work environment to meet required results.
* Provide accurate and high quality work product in a timely manner.
* Proactively demonstrate readiness and ability to initiate action.
* With limited to no guidance, work independently as well as collaboratively within a positive team environment.
* With limited to no guidance, identify required tasks, develop timelines and execute.
* Project a positive, professional image both internal and with external business contacts.
* Convey information clearly and effectively through both formal…