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Bank of America CREB Asset Manager in Washington, District Of Columbia

CREB Asset Manager

Charlotte, North Carolina;Washington, District of Columbia; Boston, Massachusetts; Los Angeles, California

Job Description:

Job Description

Asset Manager provides transactional support to a client service team, such as due diligence, basic analysis, document review and closing issues. Manage an existing portfolio of assets to include financial analysis and ongoing monitoring of portfolio. Responsible for the oversight and management of a direct LIHTC portfolio up to approximately 60 assets. A key job function is to analyze and negotiate all capital transactions such as refinancing and end of asset life exits; Analyze, negotiate and work with counsel on partnership amendments; Work with general partners on (and consultant, if needed) any compliance issues and maintains a strong relationship with the general partner.

Functional Role Description:

  • Actively manage existing portfolios through routine monitoring activities (Prepares Annual Reviews and Annual Review Addendums, Stay/Leave Analysis )

  • Review and analyze K-1 tax returns and audits, as per policy and procedures

  • Makes recommendations on the need for benefit updates

  • Prepare meaningful Pro-formas

  • Works with Equity Administrators to maintain accurate data in CARMA and EDR

Role Qualifications:

  • BA/BS

  • 7+ years Asset Management Experience

  • 3+ Years in LIHTC Industry

  • Strong Understanding of Real Estate Spreadsheets and income statements

  • Strong understanding of capital accounts

  • Strong understanding of LIHTC benefit schedules

  • Ability to identify and find resolution to compliance issues

  • Has completed 1 LIHTC compliance course

  • Experience in negotiating end of life of assets and in workouts

Leadership Competencies:

  • Demonstrates strong business and financial acumen

  • Ensures self and others maintain a strong focus on client needs

  • Manages client relationships in a manner that makes it easier to do business with our company

  • Contributes to the delivery of practical, innovative solutions to customers/clients that meet their individual needs

  • Demonstrates and encourages collaboration, connection and teamwork within and beyond his/her team

  • Actively builds and sustains long-term relationships based on mutual trust

  • Is intellectually curious; constantly seeks to learn and advance his/her knowledge

  • Remain positive and focused during times of pressure, adversity, or change

  • Is resilient; quickly adjusts behaviors in order to be successful

Shift:

1st shift (United States of America)

Hours Per Week:

40

Learn more about this role

Full time

JR-20055635

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Referral Bonus:

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