Description
Location preference for this role will be at our St. Petersburg, FL headquarters. Experienced LIHTC candidates may be considered for other locations and remote/telecommuting
Job Summary:
Under limited supervision, uses specialized knowledge and skills obtained through experience and education to conduct deal analysis and due diligence on low income tax credit housing projects for Raymond James Tax Credit Funds (RJTCF). Completes final reviews, approvals, and processing of closings, draw requests, and capital contributions to property specific partnerships. Completes the investor approval process of property specific investments. Also may be responsible for writing and maintaining underwriting policies and procedures. Will provide training, as well as plan, assign, monitor, and lead the work of others. Works independently on difficult assignments that are broad in nature requiring originality and ingenuity with appreciable latitude for unreviewed actions or decisions. Provides comprehensive solutions to complex problems. Extensive contact with internal customers is required to identify, research, analyze, and resolve complex issues.
Essential Duties and Responsibilities:
- Reviews real estate documentation for consistency with RJTCF’s requirements and property specific investment criteria.
- Performs supervisory activities, including identifying performance problems and seeking guidance for remedial action; reviewing performance; and participating in interviewing and selecting staff.
- Updates and/or reviews financial projections to reflect actual property performance.
- Reviews property financial statements, tax returns, cost certifications and low income housing tax credit (LIHTC) specific documentation.
- Reviews legal documents/memorandums and performs other “due diligence” procedures in connection with the property
- Final Underwriting review approval authority to review, approve, and process requests for capital contributions to the property specific partnerships
- Performs duties that require advanced knowledge and skills related to real estate and LIHTC documentation and LIHTC industry and legal requirements
- May coordinate the investor closing process for property specific partnerships. This includes coordinating RJTCF internal and legal staff to provide responses to investor’s comments.
- May plan, assign, monitor, and lead the work of other asset managers.
- Trains, coaches, and mentors other asset managers.
- Performs other advanced duties and responsibilities as assigned.
Qualifications
Knowledge, Skills, and Abilities:
Advanced knowledge of:
- Company’s working structure, policies, mission, and strategies.
- Fundamental concepts, principles and practices of LIHTC.
- Fundamental concepts, principles and practices of the real estate industry.
- Principles of banking and finance industry operations.
- RJTCF’s lower and upper tier Partnership Agreement requirements.
Skill in:
- Reading and understanding standard real estate and LIHTC specific documentation
- Real estate financial projections
- Operating standard office equipment and using required software application to produce correspondence, reports, electronic communication, and spreadsheets.
Ability to:
- Communicate effectively both oral and written.
- With limited to no guidance, organize, manage and track multiple detailed tasks and assignments with frequently changing priorities in a fast-paced work environment to meet required results.
- Provide accurate and high quality work product in a timely manner.
- Proactively demonstrate readiness and ability to initiate action.
- With limited to no guidance, work independently as well as collaboratively within a positive team environment.
- With limited to no guidance, identify required tasks, develop timelines and execute.
- Project a positive, professional image both internal and with external business contacts.
- Convey information clearly and effectively through both formal and informal documents.
- Identify relationships, draw logical conclusions and interpret results for use in decision making.
- Review and approve technical real estate and LIHTC documentation
- Proactively mentor others, sometimes throughout the department.
Educational/Previous Experience Recommendations:
- Bachelor’s Degree (B.A.) in business, finance, accounting or related field and a minimum of six (6) years of relevant real estate experience.
~or~
- Any equivalent combination of experience, education, and/or training approved by Human Resources.
Licenses/Certifications:
