Aegon Asset Management · 5 hours ago

Asset Manager - LIHTC - Aegon AM

Cedar Rapids, IA

Full-time

Remote

Mid Level

$90K/yr - $110K/yr

3+ years exp

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Responsibilities

Establish an accretive business plan and proactive investment strategy with the objective of maximizing investment benefits (tax credits, losses, and distributions), cash flow, and long-term property value.

Analyze rent rolls, vacancy and turnover information, affordability profiles and financial operating statements.

Monitor and evaluate financial performance of assigned assets, perform risk assessments of the investments, markets, and partners, and address non-performance and legal issues related to the property.

Manage development-phase risks including monitoring construction draws and working with construction consultants and internal engineering team to ensure quality of construction, development timelines and budgets are within expectations.

Coordinate post-closing disbursement of equity and ensure achievement of development benchmarks.

Deliver consistent and accurate reporting to the team and investors to aid in the overall management of the portfolio.

Communicate risks to appropriate leadership in Asset Management and as problem solver, develop action plan to protect the investment.

Review and interpret legal documents, such as partnership agreements, loan agreements, guarantees, promissory notes, and coordinate with appropriate parties to ensure compliance.

Forecast income and expense projections, capital requirements, risk-return analysis and hold/sell recommendations.

Perform property inspections to ensure viability, prudent operational performance, fiscal management, compliance, and document recommendations into the final review report.

Participate in the underwriting and coordination of assets to evaluate risk.

Maintain strong relationships with sponsors and internal teams.

Qualification

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Asset ManagementCommercial Real EstateProperty ManagementLow-Income Housing Tax CreditMulti-Family InvestmentsCCIMCPM