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Asset Manager, Development

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CREA (IN)

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Location:
United States , Boston

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Category:
Finance

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Contract Type:
Not provided

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Salary:

76000.00 - 100000.00 USD / Year
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Job Description:

This position will play an important role in managing a portfolio of assets in the Development phase within CREA, LLC’s portfolio of Section 42 low-income housing tax credit projects.

Job Responsibility:

  • Maintain a detailed working knowledge of each property within the assigned portfolio
  • Oversee and monitor the achievement of benchmarks such as construction completion, initial lease-up, stabilization, permanent loan conversion, and receipt of executed 8609s
  • Lead Transition Calls for newly closed Partnerships within the assigned portfolio that are either a new relationship and/or an Acquisition Rehab in place
  • Track, monitor, and calculate credit delivery to include review of occupancy reports, cost certifications, and 8609s
  • Monitor properties for ongoing compliance with Partnership Agreements
  • Maintain a detailed working knowledge of Section 42 LIHTC program compliance requirements
  • Collect, review, and provide reporting on monthly, quarterly, and annual financial information.
  • Work with the Investment Central database system to track property data
  • Analyze benchmark and financial statements and perform risk rating analysis
  • Assist in collecting tax returns and audits, and coordinate review and approval through CREA’s Fund Management Group
  • Special projects and reporting as requested
  • Review GP requests on potential deal changes and prepare formal requests for Investor Relations.
  • Ensure projects remain in balance during the development process and identify potential solutions to keep properties in balance when needed
  • Coordinate compliance reviews with third-party compliance consultants and perform some compliance work in-house
  • Collect and review monthly construction draws and process periodic Equity Installments
  • Work with internal and external partners to project future equity timing and needs

Requirements:

  • Bachelor’s degree with a major in accounting, finance, real estate, or another business-related field
  • A minimum of two years of working in the areas of asset management, accounting, the multifamily affordable industry, or development
  • Must be proficient with Microsoft Office Suite, with a heavy emphasis on Excel and Word
  • Must have excellent communication skills and the ability to comfortably interact with senior management internally and with a large external client base
  • The ability to identify and verbalize issues with the partners
  • Currently has or has the ability to receive a LIHTC Compliance Certification
  • A valid driver’s license is required for limited travel of up to 5% annually, with the potential for some overnight travel.

Nice to have:

  • Relatable experience working with Section 42 (low-income tax credit or other similar programs). Must possess and be able to demonstrate effectiveness with each of the following Core Competencies: Excellent problem-solving, organizational, interpersonal, and time-management skills
  • Ability to identify, simplify, process, and resolve complex issues
  • Excellent oral and written communication skills
  • Ability to efficiently receive, monitor, and follow through on requests, projects, and problems to completion
  • Ability to multitask, prioritize, and meet deadlines
  • Ability to effectively manage and administer sensitive and confidential information
  • Must have strong initiative and work with minimal guidance & supervision
  • Commitment to excellence, attention to detail, and accuracy, providing high-quality work product

Additional Information:

Job Posted:
December 07, 2025

Employment Type:
Fulltime
Work Type:
On-site work
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