Asset Manager - Boston Capital

November 08, 2017

Boston Capital

Boston, Massachusetts 02108
http://www.bostoncapital.com

Boston Capital is looking for an Asset Manager to work in it's Boston office. Candidates should be located in the Boston area, relocation is not offered with this position.

Responsibilities:

  • On behalf of the company’s Low-income Housing Tax Credit (LIHTC) investors, manage a portfolio of multi-family real estate partnerships to preserve the value of Investor Equity and the stream of benefits associated with that Investment.
  • Develop and maintain strong relationships with lender representatives, management agents, local officials, and General Partners in a portfolio.
  • Review and monitor quarterly operational reports and evaluate Partnership performance through pre-established   standards and key indicators.
  • Identify partnerships that require “watch list” status and develop strategies to address all issues.
  • Review requests for construction and investor equity releases in accordance with all requirements of the partnership agreement and make recommendations for internal approval
  • Manage reposition situations which include refinancing, general partner substitution, legal action, partnership restructuring and recapitalization, as well as Section 42 non-compliance issues.
  • Perform annual site inspections to include evaluation of physical asset, site management , and compliance with LIHTC program
  • Analyze annual audited financial statements, and follow up with general partner to resolve operational and partnership issues.

Requirements:

  • Minimum of 3 years’ experience in real estate asset management and real estate  financial analysis
  • BS / BA degree
  • Excellent analytical skills
  • Strong computer, verbal and written communication skills
  • Proficiency with Microsoft Excel
  • Highly organized with the ability to multi-task and set priorities
  • Real Estate experience is required
  • Travel required for partnership meetings and site visits
  • Working knowledge of LIHTC (Section 42) Program a plus