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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. Experience with and thorough knowledge of construction draw processing including AIA-related documentation is required. 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 Responsibility:
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
Requirements:
Bachelor’s Degree (B.A.) in business, finance, accounting or related field and a minimum of four (4) years of relevant real estate experience
Any equivalent combination of experience, education, and/or training approved by Human Resources
HCCP designation
Securities Industry Essentials Exam (SIE) - Financial Industry Regulatory Authority (FINRA)
Tax Credit Specialist (TCS) - National Center for Housing Management (NCHM)
General Experience – 10 to 15 years
Manager Experience - 6 to 10 years
Advanced knowledge of Company’s working structure, policies, mission, and strategies
Advanced knowledge of Fundamental concepts, principles and practices of LIHTC
Advanced knowledge of Fundamental concepts, principles and practices of the real estate industry
Advanced knowledge of Principles of banking and finance industry operations
Advanced knowledge of RJTCF’s lower and upper tier Partnership Agreement requirements
Skill in Reading and understanding standard real estate and LIHTC specific documentation
Skill in Real estate financial projections
Skill in 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
Ability to 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
Ability to Provide accurate and high quality work product in a timely manner
Ability to Proactively demonstrate readiness and ability to initiate action
Ability to With limited to no guidance, work independently as well as collaboratively within a positive team environment
Ability to With limited to no guidance, identify required tasks, develop timelines and execute
Ability to Project a positive, professional image both internal and with external business contacts
Ability to Convey information clearly and effectively through both formal and informal documents
Ability to Identify relationships, draw logical conclusions and interpret results for use in decision making
Ability to Review and approve technical real estate and LIHTC documentation
Ability to Proactively mentor others, sometimes throughout the department