LIHTC Asset Portfolio Manager — Risk & Compliance Lead

Bank of America; Atlanta (GA); On-site; USD 137,000 - 163,000; Full time

Benefits offered by this job

Competitive benefits

Job summary

Bank of America is seeking a seasoned LIHTC Asset Manager to oversee a direct portfolio of development and stabilized assets. You will mitigate risk, analyze tax returns, and lead capital transactions while coordinating with General Partners to ensure compliance.

The role requires deep asset management experience in LIHTC, strong negotiation skills, and mastery of financial proformas. Join a team that values collaboration and rigorous risk management.

Qualifications

• 7+ years in asset management with 5+ years in LIHTC.
• Strong knowledge of real estate spreadsheets, audits and tax returns.
• Ability to prepare meaningful proformas.
• Strong understanding of capital accounts.
• Strong negotiation and communication skills.
• Knowledge of LIHTC compliance and related schedules.
• Ability to identify and resolve compliance issues.
• Completion of at least one LIHTC compliance course.

Responsibilities

• Identifying, classifying, quantifying and mitigating risk.
• Monitor the Development Phase of the Asset through Conversion and Stabilization.
• Conduct site visits according to risk classification.
• Prepare semi-annual Watched Asset Reports and present during Watched Asset Meetings.
• Analyze and negotiate all Capital Transactions such as Refinancing and Year 15 or Early Exits.
• Review and analyze K-1s, Tax Returns and Audits, as per policy and procedures.
• Prepare Tax Return and Audit Checklists for each Investment.
• Work with GPs to maintain accurate data and ensure compliance.

Skills

Asset management

Real estate analytics

Proformas

Capital accounts

Negotiation

Communication

LIHTC knowledge

Compliance

LIHTC training

Teamwork

Education

Bachelor's degree

Job description

Bank of America is seeking a seasoned LIHTC Asset Manager to oversee a direct portfolio of development and stabilized assets. You will mitigate risk, analyze tax returns, and lead capital transactions while coordinating with General Partners to ensure compliance.

The role requires deep asset management experience in LIHTC, strong negotiation skills, and mastery of financial proformas. Join a team that values collaboration and rigorous risk management.