LIHTC Industry Jobs:

Asset Manager (Warner Center Area)

 

Posting Date: October 11, 2007
Closing Date: Until filled

Title: Asset Manager (Warner Center Area)
Company: Alliant Asset Management
Location: Woodland Hills, CA

Description:
Alliant is a leading syndicator of the Low Income Housing Tax Credit (LIHTC), a program designed to provide affordable housing throughout the United States, as administered under Section 42 of the IRS Code. As a syndicator, Alliant raises corporate equity and monitors the development, construction, lease-up and permanent financing phases of its investments.  Alliant has raised in excess of $2.8 Billion in equity, with investments in over 525 LIHTC properties, totaling approximately 45,000 units, and located in 38 states and the Virgin Islands.  With its corporate headquarters located in Woodland Hills, California, Alliant employs over 100 people and has offices in seven states throughout the country.

Job Responsibilities:
The Asset Manager will be responsible for overseeing a portfolio of approximately 50 Low Income Housing Tax Credit (LIHTC) properties in accordance with Lower-Tier Partnership Agreements.

Responsibilities will include:

*  Monitor portfolio of properties from Construction through Operational Stabilization.
*  Process requests for release of Equity, including disbursements funded through Construction Loan Draws.  Review to include general Construction issues, Title, Sources/Uses, Tax Credit Adjusters, and other documents required for processing.
*  Monitor and Analyze financial performance of properties in Portfolio.
*  Maintain property level database for portfolio of properties.
*  Review Tenant Files for Section 42 compliance.
*  Conduct Property Inspections and report findings.
*  Review and Approve Annual Audits, Tax Returns and Operating Budgets for each Property in Portfolio
*  Assist with property related litigation, loan workouts, settlements, etc. 

Requirements:
Candidate must have familiarity with general principles of Real Estate (multi-family preferred), Operations and Analysis, Budgeting, Financial Reporting, Lending Practices, Property Management, general accounting, general contracts.  Strong Analytical and Excel skills required, as are excellent written and verbal communication skills.

To Apply:
Alliant offers a competitive salary, along with a comprehensive benefits package.

To Apply:
Please email your resume, and salary history to lajobs@alliantcapital.com , via fax to (818) 668-2828, or mail to Alliant Asset Management Company, LLC, Human Resources Department, 21600 Oxnard Street, 12th Floor, Woodland Hills, CA 91367-4949.

ALLIANT IS AN EQUAL OPPORTUNITY EMPLOYER