Bank of America CREB Asset Manager in Boston, Massachusetts
CREB Asset Manager
Charlotte, North Carolina;Washington, District of Columbia; Boston, Massachusetts; Los Angeles, California
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
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
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
1st shift (United States of America)
Hours Per Week:
Learn more about this role
Manages People: No
Talent Acquisition Contact:
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