Massachusetts Veterans Jobs

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:

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .

To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf) .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free workplace and alcohol policy, CLICK HERE .