Asset Manager, Equity

Merchants Capital; Carmel (IN); On-site; USD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking an Asset Manager to join their dynamic team. This role involves managing a portfolio of multifamily properties under the Low-Income Housing Tax Credit program, focusing on financial analysis, risk assessment, and proactive asset management strategies. Ideal candidates will possess strong analytical and communication skills, with a desire to learn about the LIHTC syndications business. This is an exciting opportunity to contribute to a company renowned for its commitment to exceptional service and innovative financial solutions in the multifamily housing sector.

Qualifications

• 1-3 years of experience in financial analysis or asset management.
• Strong analytical and communication skills required.

Responsibilities

• Monitor asset performance and conduct financial analysis.
• Prepare investor reports and implement strategies for asset improvement.
• Ensure compliance with LIHTC program requirements.

Skills

Analytical Skills

Financial Analysis

Communication Skills

Time Management

Organizational Skills

Education

Bachelor’s Degree

Tools

Microsoft Office

Outlook

MRI Solutions

Job description

Description

The Asset Manager will assist a team in managing the portfolio of multifamily properties syndicated through the Low-Income Housing Tax Credit (LIHTC) program. The main responsibilities include asset monitoring, financial analysis, risk assessment, and reporting. The Asset Manager will implement proactive strategies to maximize investment benefits. The position is ideally suited for an individual with strong analytical, financial, and communication skills. The Asset Manager should exhibit a desire to learn the LIHTC syndications business on a team of highly motivated individuals.

Requirements

As our Asset Manager you can look forward to doing the following activities…

• Review and analyze property operations to evaluate performance and risk factors.
• Prepare quarterly investor reports and risk ratings based on review of financial statements, updated projections, and status reports.
• Proactively identify under-performing assets or property concerns and implement workout strategies to maximize value.
• Monitor construction and lease-up progress through the collection of construction draws, inspection reports, rent rolls, and qualified occupancy reports.
• Collect and analyze audited financial statements and tax returns and benchmark against initial projections.
• Oversee stabilization and loan conversion.
• Maintain post-closing financial models.
• Evaluate management companies’ experience, marketing plans, and compliance strategies prior to closing.
• Develop and maintain strong relationships with general partners, lender representatives, management agents, and local officials.
• Ensure properties are in compliance with the LIHTC program and engage third-party compliance when necessary.
• Facilitate the release of capital contributions.
• Conduct annual property site inspections.
• Provide clear and concise communication to colleagues and clients when required.

What we are looking for…

• Requires strong analytical skills for reviewing and analyzing financial statements.
• Requires the ability to use Microsoft Office & Outlook.
• Requires strong written and verbal communication with colleagues and clients and the ability to work collaboratively.
• Requires excellent time management and organizational skills and a detailed approach to completing daily tasks.
• Minimum of 1-3 years of relevant professional work experience with an emphasis on financial analysis, asset management, and/or real estate development financial management.
• Experience working in MRI Solutions (Investment Central/Integratec) a plus.
• Bachelor’s degree from an accredited institution accepted with 1 to 3 years of relevant professional work experience with an emphasis on financial analysis, asset management, and/or real estate.

ABOUT MERCHANTS

Merchants Capital was established in August of 1990 as a mortgage banking firm specializing in multifamily housing and health care facilities finance. With extensive experience in these types of finance, the company is a premier provider and servicer of Multifamily, Affordable, Healthcare, and Student Housing. Our mission is simple: to provide the best origination and service of our loan and investment products with exceptional customer service, accuracy, creativity, speed, and conformance to regulations.

Merchants Capital Corp. (MCC) launched its LIHTC equity syndicator in 2020 and to date had raised $860 million in equity. As a lender, MCC has also originated and closed more than $30 billion+ in financing and now services more than $18 billion+. MCC’s primary source of funding is the secondary market of federally chartered agencies and the federal government and tax credit equity investors.