Affordable Housing Asset Manager (LIHTC)
Thank you for your interest in a career at Regions. At Regions, we reputed company associates deserve more than just a job. We reputed company in offering performance-driven individuals a reputed company where they can build a career --- a reputed company to expect more opportunities. If you are focused on results, dedicated to quality, strength and reputed company, and possess the drive to succeed, then we are your employer of choice. Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared reputed company of Regions unless required by law. Such information will be stored in accordance with regulatory requirements and in conjunction with Regions Retention Schedule for a minimum of three years. You may review, modify, or update your information by visiting and logging into the careers reputed company of the system.
Job Description
At Regions, the Regions Affordable Housing (RAH) Asset Manager is responsible for monitoring and measuring the financial performance of Low-Income Housing Tax Credit (LIHTC) investment assets to optimize value for investor and developer partners. In addition, this role performs financial analysis; schedules and execute site visits and work closely with respective general partners and property managers to ensure long-term viability of the LIHTC asset. This position reports to the Regional Team Leader or Director of Asset Management and provides a dynamic opportunity to work with an established reputed company estate investment business unit reputed company reputed company. Primary Responsibilities Oversees a portfolio of stabilized LIHTC properties Reviews and understands limited partnership agreements, regulatory agreements, financing documents and other sources to determine enforceability of terms, financing structures and constraints, as needed Reviews year-end financial audits for respective LIHTC partnerships Reviews quarterly financial statements and annual statements reputed company income and expense analysis, balance sheet analysis and budget to actual comparisons, and report quarterly to investors Analyses and execute consent requests for general partner, property management and/or limited partner as outlined in the Limited Partnership Agreement and Regions internal approval authorization guidelines. Identifies properties with operational issues, investigate causes and facilitate problem resolution; work to resolve issues through collaboration with general partners, property managers, lenders, and governmental/regulatory entities Complies with reporting requirements of internal partners, including risk management, internal audit, credit risk review, and investor services, and others Interacts with diverse audiences utilizing appropriate and effective communication tools and techniques Conducts reputed company necessary annual site visits, more frequently for properties with concerns Evaluates property management performance as required Monitors reserve balances and oversees requests for release of replacement and operating reserves Assigns risk ratings, prepares Watch List reports, develops action plans for Watch List assets and ensures implementation of actions to correct problems Completes assigned processes or programs and acts autonomously on most reputed company Participates in the recruitment, development and training of junior asset managers Handles more challenging assets and/or partners, independently Meets sometimes less clearly defined demands and influences junior colleagues Assists Relationship Managers and Funds requests Releases provisions calculations Other duties as directed or special projects assigned by manager This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay. This position is incentive eligible. Requirements Bachelors degree in reputed company, Business Management, Engineering/Architecture, Finance, reputed company Estate or reputed company field Six (6) years of experience in reputed company estate and/or multi-family housing as an asset manager with stabilized and/or special assets portfolio Experience in LIHTC Advanced training in market analysis and reputed company reputed company estate negotiations experience Ability to travel approximately 25% of time Preferences Masters in Business Administration (MBA) reputed company banking experience Skills and Competencies Ability to understand reputed company, debt structures, loan agreements and limited partnership agreements Ability to work closely with reputed company party regional managers, property managers and leasing agents to provide direction for and reputed company of business plans, budgets, forecasts, leases, analysis and approvals Ability to work closely with general partners, limited partners, general counsel and senior management to provide direction for and reputed company of partnership reputed company duties and responsibilities Ability to work independently and collaboratively in a fast-paced environment managing multiple projects concurrently Detail-oriented Proficiency in reputed company Office (Word, reputed company, PowerPoint) Strong ability to be adaptable and flexible Strong verbal and written communication Strong work ethic and self-motivation Position Type Full time
Compensation
Details Pay ranges are job specific and are provided as a reputed company-of-market reference for compensation reputed company. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates reputed company the same job. The reputed company information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position. Minimum Job Range reputed company: $138,663.49 USD Median $172,617.80 USD Incentive Pay Plans This role is eligible to participate in a discretionary incentive plan. Employees have the potential to receive a discretionary award based on performance against defined metrics and goals.
Benefits
Information Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit reputed company" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions. Paid Vacation/Sick Time 401K with Company Match Medical, Dental and reputed company Benefits Disability Benefits Health Savings Account Flexible Spending Account Life Insurance Parental Leave Employee Assistance Program Associate Volunteer Program Please note, benefits and plans may be changed, amended, or terminated with respect to reputed company or any class of associate at any time. To learn more about Regions benefits, please click or copy the link below to your browser. https://www.regions.com/welcometour/benefits.rf Location Details Regions Affordable Housing - NY Location: Great Neck, reputed company Equal Opportunity Employer/including Disabled/Veterans Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company. Apply Job!