Senior Asset Manager

Bank of America   •  

New York, NY

Industry: Accounting, Finance & Insurance

  •  

11 - 15 years

Posted 48 days ago

This job is no longer available.

Job Description:

Responsible for the oversight and management of a Historic and New Market tax credit portfolio up to approximately 50 Assets. 

Responsibilities include:

  • Identifying, classifying, quantifying and mitigating risk
  • Monitor the Development phase through Disposition
  • Conduct site visits according to risk classification.  
  • Prepare quarterly watched asset reports and participate in quarterly watched asset meetings
  • Prepare annual reviews of real estate
  • Analyze and negotiate all capital transactions such as refinancing and end of asset life exits
  • Analyze, negotiate and work with Counsel on Partnership Amendments/Loan Agreements
  • Analyze and negotiate waivers, as needed
  • Work with General Partners/Borrowers on any Compliance issues
  • Review and analyze K-1s, Tax Returns and Audits, as per policy and procedures
  • Prepare stay/leave analysis, if necessary
  • Work with Equity Administrators to maintain accurate data in TEAMS and CREB EF
  • Maintain strong relationship with GP clients and deliver first-class service
  • Work with the internal partners, as appropriate

Required Skills:

  • BA / BS
  • Minimum 10 years asset managementexperience with at least 5 years in HTC/NMTC industry
  • Strong understanding of real estate spread sheets and income statements.  Able to prepare meaningful pro-formas
  • Strong understanding of capital accounts
  • Strong negotiation skills
  • Strong communication and inter-personal skills
  • Able to work on a team

Preferred Skills:

  • Experience in negotiating end of life of Assets
  • Experience in workouts
  • Experience with LIHTC.

Job number: 18064050