LIHTC Asset Manager

Job description

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. 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 onboarding, 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 IMPACT YOU WILL MAKE The LIHTC Asset Manager 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 relationships 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.