SVP - Portfolio Management (LIHTC)

Reporting to the Senior Director, the Senior Vice President of Portfolio Management, is responsible for interacting with developers and investors regarding all asset management functions. This role requires a high degree of independence, strong professional judgment, and sound decision-making in managing a complex LIHTC portfolio, identifying risks, and advancing issues and recommendations with limited oversight.

Responsibilities include:

Perform all functions related to the management of a portfolio of low-income housing tax credit assets, including properties in the following lifecycles: construction, pre-stable, stable and watch list, with such functions to include construction monitoring, calculating tax credit adjusters, lease up monitoring, tax credit compliance (in conjunction with in-house expert), facilitating permanent loan conversions, review of financial data (including budgets, monthly & quarterly financial results, and annual audits & tax returns), insurance monitoring, etc.;

·         Prepare property reports for internal and investor purposes;

·         Perform real estate site visits;

·         Oversee capital contributions for assigned properties;

·         Lead individual and department-wide training initiatives, including onboarding, knowledge transfer, and development of best                      practices, as needed;

·         Provide expertise, guidance, and practical problem-solving in a specific area to the Portfolio Management Group;

·         Exercise strong judgment and decision-making with minimal oversight from the Senior Director | Portfolio Management, Real                    Estate to evaluate asset performance, identify risks, and make asset-related recommendations to senior management; and

·         Drive process improvement initiatives, contribute to the expansion and enhancement of the company’s proprietary database, and              support the development of scalable procedures and operating efficiencies across the portfolio management function.

Job Qualifications and Competencies: 

·         Bachelor’s Degree in Finance, Real Estate, Accounting or other relevant areas of study is preferred;

·         Minimum of ten years of directly related experience and five years as an asset manager/portfolio manager, real estate;

·         Low Income Housing Tax Credit (LIHTC) experience and expertise;

·         Proficiency in Microsoft Office including Excel;

·         Excellent communication, judgment, decision-making, analytical, organizational, and interpersonal skills;

·         Demonstrated ability to work independently, manage competing priorities, and make sound decisions within an overall asset                      management framework;

·         Experience in process improvement, training, and development of team resources or procedures strongly preferred;

·         Prior people management or team leadership experience is preferred;

·         Attention to detail, thorough and results driven; and