Asset Manager - Stabilized Job at CREA (IN) (Indianapolis)

Job Description

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

Job Responsibility

Maintain a detailed working knowledge of each property within the assigned portfolio
Oversee and monitor LIHTC properties from Stabilization (receipt of executed 8609s or final release of equity) through the end of the 15-year compliance period
Act as a liaison between CREA and its operating partners within the CREA Portfolio to provide ongoing monitoring and updates to CREA’s investor partners
Collect, review, and provide financial reporting on a monthly, quarterly, and annual basis for properties
Analyze with Investment Central (MRI) partnership financial statements and perform risk rating analysis
Perform cash flow analysis and ensure distributions are made timely and in accordance with agreements
Collect tax returns and audits from the lower-tier partnerships and coordinate review and approval through CREA Fund Management Group
Monitor properties for compliance with partnership agreements
Maintain a detailed working knowledge of Section 42 LIHTC program compliance requirements
Review GP requests on potential deal changes and prepare formal requests for Investor Relations
Coordinate annual compliance and insurance reviews with third-party consultant
Work with a centralized database system (MRI) to track property data, monitor performance, and produce investor reports
Special projects and reporting as requested
Perform annual site visits to properties and follow up on deferred maintenance comments until corrected

Requirements

Bachelor’s degree with a major in accounting, finance, real estate, or another business-related field
A minimum of two years of work in the areas of asset management, accounting, and/or the multifamily affordable housing industry
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 a large external client base
The ability to identify and verbalize issues with partners
Currently has or has the ability to receive an LIHTC Compliance Certification
A valid driver’s license is required for travel of up to 20% annually, with some overnight
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 with requests, projects, and problems to completion
Ability to multitask, prioritize, and meet deadlines
Ability to manage and administer sensitive and confidential information
Must have strong initiative and ability to work with minimal guidance & supervision
Commitment to excellence, attention to detail, and accuracy, providing high-quality work products

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Asset Manager - Stabilized

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