Multifamily LIHTC Asset Manager Senior Associate (Hybrid)

Fannie Mae - Chicago, IL

Full-time

Chicago, IL

Credit Intermediation and Related Activities

About the position

The Low Income Housing Tax Credit (LIHTC) Asset Manager will be responsible for the post-closing management activities of an equity portfolio. This position acts largely as the relationship manager with syndicator partners in the on-boarding, development, construction, and operation of LIHTC investments. Responsibilities include receipt and analysis of regular investment reporting by syndicator partners, performing risk assessments of investments, markets, and partners, and managing corrective strategy when showing early warning signs of performance issues. This position will transition newly acquired assets into the portfolio, addressing modifications during the term of the investments, and disposing of assets. The Multifamily LIHTC Asset Manager Senior Associate (Hybrid) role will offer you the flexibility to make each day your own, while working alongside people who care so that you can deliver on the following responsibilities: Own and manage the relationship with syndicator partners in the development, construction, and operation phases 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 analyze information to develop recommendations. Present position to management and external stakeholders to mitigate financial and credit risk in a clear, concise, and compelling manner. Ensure data quality and integrity. Assist in the automation of asset management data. 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. Maintain Fannie Mae training schedule. Actively focus upon personal development aligned with Fannie Mae leadership criteria for Associate that complements business unit goals. Assist with ad hoc assignments as needed.

Responsibilities

• Own and manage the relationship with syndicator partners in the development, construction, and operation phases 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 and source information to develop recommendations.
• Present position to management and external stakeholders to mitigate financial and credit risk.
• Ensure data quality and integrity and assist in the automation of asset management data.
• 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.
• Maintain Fannie Mae training schedule and focus on personal development aligned with leadership criteria.
• Assist with ad hoc assignments as needed.

Requirements

• 2 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
• Strong interpersonal and influencing skills
• Ability to deal with multiple business units within the Multifamily organization
• Strong customer relationship management skills
• Self-motivated team player with strong work ethic and attention to detail
• Ability to prioritize in a fast-moving environment
• Excellent management and business literacy skills
• Ability to work on multiple projects simultaneously
• 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
• Multifamily acquisition and disposition experience is a plus
• Experience with equity or debt portfolio management software/systems (e.g. MRI, Salesforce, Yardi, etc.)