LIHTC Asset Manager

About the position

At Fannie Mae, futures are made. The inspiring work we do helps make a home a possibility for millions of homeowners and renters. Every day offers compelling opportunities to impact the future of the housing industry while being part of an inclusive team thriving in an energizing, flexible environment. Here, you will grow your career and help create access to fair, affordable housing finance. As a valued colleague on our LIHTC (Low Income Housing Tax Credit) Asset Management team, you will provide expert advice on and guide team members in managing the administration, strategic planning, and operations of an assigned portfolio of LIHTC investments. In this role, you will monitor the end-to-end execution of business processes using enterprise systems, as well as provide continuous feedback for effective tracking and reporting.

Responsibilities

• Act as a relationship manager with syndicator partners in the development, construction and operation of LIHTC investments.
• Analyze Multifamily portfolio data, counterparties, markets, legal agreements/terms, financial statements, and cash flows. Identify trends and draw reasonable conclusions from examination of data and other sources of information.
• Resolve problems, source and develop information to negotiate position with management and external stakeholders to mitigate financial and credit risk.
• Navigate multiple systems, manage data and create reports. Ensure data quality and integrity. Improve processes to monitor and communicate credit risk within the team and across the Multifamily organization.
• Lead and support the development of action plans for non-routine project-based work including regulatory and internal audit activities.
• Support a portfolio's vision and strategic objectives.
• Lead portfolio progress analysis and enact changes, along with reporting portfolio performance to key stakeholders.
• Evaluate risk of current assets, while complying with governance and controls.
• Act as a subject matter specialist within the business unit. Provide knowledge sharing with team members to facilitate business unit objectives.

Requirements

• 4 years related experience.
• Knowledge of the Multifamily market including LIHTC asset management, affordable housing finance, real estate finance, transactions and structures, legal contracts (partnership agreements), loan documents, third-party reports (audits, appraisals, needs assessments), cap rates, and credit analysis.
• Knowledge of and experience with commercial multifamily real estate markets and property types specifically with a focus on the Low Income Housing Tax Credit business.
• Experience managing Multifamily LIHTC equity assets.
• Excellent written and verbal communication skills. Experience communicating complex ideas and processes to colleagues and stakeholders.
• Strong interpersonal and influencing skills, ability to collaborate with multiple business units within the Multifamily organization, and strong customer relationship management skills.
• Self-motivated team player who has a strong work ethic and demonstrated detail orientation.
• Ability to work on multiple projects simultaneously and can effectively manage time and resources in a fast-paced environment to ensure work is completed efficiently and within established timeframes.
• Sound analytical skills.
• Ability to navigate multiple systems, manage data, and create reports.
• Skilled in Microsoft Office suite of products, particularly Excel.
• Ability to travel occasionally.

Nice-to-haves

• Bachelor's degree in Finance, Economics, Accounting or related field preferred or equivalent is preferred.
• Multifamily acquisition and disposition experience is a plus.
• Experience with equity or debt portfolio management software/systems (e.g. MRI, Salesforce, Yardi, etc.).

Benefits

• Hybrid work environment with flexibility for remote work.
• Diverse and inclusive workplace.