Description

• Monitor properties through the construction, lease up process and once in portfolio through the end of compliance.
• Monitor Low Income Housing Tax Credit (LIHTC) compliance and property management activities.
• Assist in completing complex portfolio analysis; prepare reports, and present results to leadership team.
• Analyzes financial statements, leasing reports, tenant income rent summaries, inspection reports, general partner certifications and other documents supplied by general partners.
• Performs site visits to observe the physical conditions and management practices of LIHTC properties.
• Performs random audits of tenant files and follow up on all non-compliance issues including IRS form 8823’s.
• Under supervision, works with asset manager assigned to complete complex financial and operational analysis.
• Determines what variances exist compared to the original acquisition model.
• Maintains a thorough and current record of property activity in the RaPID portfolio management system.
• Prepares various reports as necessary.
• Performs other duties and responsibilities as assigned.

Qualifications

Knowledge, Skills, and Abilities:

Knowledge of:

• Company’s working structure, policies, mission, and strategies.
• Fundamental concepts, principles and practices of Low Income Housing Tax Credit (LIHTC).
• Fundamental concepts, principles and practices of the real estate industry.
• Principles of banking and finance industry operations.

Skill in:

• Advanced skills in Microsoft Excel
• Reading and understanding tax returns, financial statements, operating and cost budgets, and LIHTC specific documentation
• Communicating effectively orally and in writing
• Preparing and interpreting real estate financial projections and reporting
• Utilizing database and document management software to gather varied and complex information
• Operating standard office equipment and using required software applications including Microsoft Office to produce correspondence, reports, electronic communication, and spreadsheets.

• Work independently as well as collaboratively within a team environment.
• Under guidance/supervision, organize, manage and track multiple detailed tasks and assignments with frequently changing priorities in a fast-paced work environment to meet required results.
• Under guidance/supervision, identify required tasks, develop timelines and execute.
• Analyze data, identify issues, draw logical conclusions and interpret results for use in decision making.
• Provide accurate and high quality work product in a timely manner.
• Convey information clearly and effectively through both formal and informal documents.
• Gather data from multiple sources, review, and accurately input data into various spreadsheets or database.
• Proactively demonstrate readiness and ability to initiate action.
• Project a positive, professional image both internal and with external business contacts.
• Assume full responsibility and accountability for own actions.
• Identify issues and develop solutions within the portfolio.
• Demonstrate uncompromising adherence to ethical principles.

Educational/Previous Experience Requirements:

• Bachelor’s Degree (B.A.) in business, finance, accounting or related field and some real estate experience.

• Any equivalent combination of experience, education, and/or training approved by Human Resources.

• None required.