Asset Manager - Stabilized

About the position

CREA, LLC is a full-service low-income housing tax credit (LIHTC) syndicator forming long-term relationships with investors and developers that cultivate success and improve lives. With nearly 25 years in affordable housing, CREA has raised $12.025 billion - resulting in the formation of over 88,000 homes within 958 communities across the country. Thanks to the contribution of over 145 employees, CREA continues to look for talented and passionate individuals who are excited about opportunities to grow with us into the future. We are looking to add a talented Asset Manager to the Asset Management-Stabilized department in CREA's Indianapolis, IN. office.

Responsibilities

• Maintain a detailed working knowledge of each property within the assigned portfolio.
• Oversee and monitor LIHTC properties from Stabilization through the end of the 15-year compliance period.
• Act as a liaison between CREA and its operating partners within the CREA Portfolio to provide ongoing monitoring and updates to CREA’s investor partners.
• Collect, review, and provide financial reporting on a monthly, quarterly, and annual basis for properties.
• Analyze partnership financial statements and perform risk rating analysis.
• Perform cash flow analysis and ensure distributions are made timely and in accordance with agreements.
• Collect tax returns and audits from the lower tier partnerships and coordinate review and approval through CREA Fund Management Group.
• Monitor properties for compliance with partnership agreements.
• Maintain a detailed working knowledge of Section 42 LIHTC program compliance requirements.
• Review GP requests on potential deal changes and prepare formal requests for Investor Relations.
• Coordinate annual compliance and insurance reviews with third-party consultants.
• Work with a centralized database system (MRI) to track property data, monitor performance, and produce investor reports.
• Perform annual site visits to properties and follow up on deferred maintenance comments until corrected.

Requirements

• Bachelor’s degree with a major in accounting, finance, real estate, or another business-related field.
• A minimum of two years of working in the areas of asset management, accounting, and multifamily affordable industry.
• Must be proficient with Microsoft Office Suite with a heavy emphasis on Excel and Word.
• Must have excellent communication skills and the ability to comfortably interact with senior management internally and a large external client base.
• The ability to identify and verbalize issues with partners.
• Currently has or has the ability to receive a LIHTC Compliance Certification.
• A valid driver’s license is required for travel of up to 20% annually, with some overnight.