LIHTC Industry Jobs:

Asset Manager

 

Posting Date: August 3, 2009
Closing Date: August 14, 2009

Title: Asset Manager
Company: Wells Fargo
Location: Charlotte, NC;  BOSTON, MA; WASHINGTON, DC; ATLANTA, GA; SAN DIEGO, CA; PHILADELPHIA, PA; NEW YORK, NY; SAN FRANCISCO, CA

Description:
Provide a single point of contact with general partners and internal departments regarding assigned assets. Independently manage a portfolio of investments in real estate partnerships. Identify and analyze issues, and recommend and execute action plans. Monitor investment and property performance. Analyze tax returns and property and sponsor financial statements. Review third-party inspections and reports on compliance with Low Income Housing Tax Credit (LIHTC) regulations. Review requests for capital contributions and reserve releases. Underwrite general partner consent requests (including loan refinances and changes in partnership structures). Assess markets in which assets reside, and identify market and sub-market risks and issues. Track work outsourced to third parties.

Minimum Qualifications:
Minimum 5 years experience in real estate, tax credit asset management, real estate finance, and/or accounting. Including 2+ years experience in one or more of the following functional roles is preferred: real estate underwriting, portfolio management, asset management, tax credits, real estate workouts, financial analysis. Strong organizational and workload management skills. Able to work independently on multiple projects and manage multiple, sometimes conflicting, deadlines. Strong analytical skills. Able to use databases and spreadsheet software to analyze financial issues. Proactive and solution oriented. Strong and effective communicator. Demonstrated commitment to customer service. Team player.

Preferred Skills:
Bachelor's Degree in accounting, finance, real estate, or related field.

Apply:
Go to: 
https://www.wellsfargo.com/careers/