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Senior Asset Manager

Los Angeles, California;

Job Description:

Sr. Asset Manager collaborates closely with senior deal team members during the closing of Equity Investments and maintains a continuing role in the Asset Management and operational performance reviews of active Investments.  Responsible for the oversight and management of a Direct LIHTC Portfolio of up to approximately 60 Assets.  Key job functions include analyzing and negotiating all Capital Transactions such as Refinancing and Year 15 Dispositions; analyze, negotiate and work with Counsel on Partnership Amendments; work with General Partners/Consultants on any Compliance issues and maintains a strong working relationship with the General Partner

Functional Role Description:

  • Actively manage existing Portfolios through the following:

  • Review of Construction Inspection Reports

  • Review of Rent Rolls

  • Reprojection of Tax Credits

  • Operational Performance

  • Review of Amendment Requests

  • Preparation of Annual Reviews and Annual Review Addendums

  • Preparation of Stay/Leave Analysis for Disposition

  • Review and analyze Quarterly Financials, Tax Returns and Audits, per policy and procedures

  • Makes recommendations on the need for updated Benefit Schedules

  • Prepare and present Watch List Reports

  • Works with WCAAs to maintain accurate data in CARMA and EDR

Role Qualifications:

  • BA/BS

  • 5+ years Asset Management Experience

  • 5+ Years in LIHTC Industry

  • Strong Understanding of Real Estate Spreadsheets and Income Statements

  • Strong understanding of Capital Accounts

  • Strong understanding of LIHTC Benefit Schedules

  • Ability to identify and find resolution to Compliance issues

  • Completion of 1 LIHTC Compliance course

  • Experience in negotiating Year 15 Dispositions or Early Exits

  • Experience with Workouts

Leadership Competencies:

  • Demonstrates strong business and financial acumen

  • Ensures self and others maintain a strong focus on Client needs

  • Manages Client relationships

  • Contributes to the delivery of practical, innovative solutions to Clients that meet their individual needs

  • Demonstrates and encourages collaboration, connection and teamwork within and beyond his/her Team

  • Actively builds and sustains long-term relationships based on mutual trust

  • Is intellectually curious; constantly seeks to learn and advance his/her knowledge

  • Remain positive and focused during times of pressure, adversity, or change

  • Is resilient; quickly adjusts behaviors in order to be successful

  • Communicates with impact, both in writing and speaking using clear and concise language


1st shift (United States of America)

Hours Per Week: 


Learn more about this role

Full time


Manages People: No

Travel: No


Talent Acquisition Contact:

Referral Bonus: