LIHTC Asset Manager (Flexible Hybrid)

Target Hiring Range (1): 107000

Target Hiring Range (2): 139000

Company 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 finance.

Job Description

As a valued colleague on our LIHTC (Low Income Housing Tax Credit) Asset Management team, you will provide expert advice on and guide team members in managing the administration, strategic planning, and operations of an assigned portfolio of LIHTC investments. In this role, you will monitor the end-to-end execution of business processes using enterprise systems, as well as provide continuous feedback for effective tracking and reporting.

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:

• Act as a relationship manager with syndicator partners in the development, construction and operation 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 develop information to negotiate position with management and external stakeholders to mitigate financial and credit risk.
• Navigate multiple systems, manage data and create reports. Ensure data quality and integrity. 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.
• Support a portfolio's vision and strategic objectives.
• Lead portfolio progress analysis and enact changes, along with reporting portfolio performance to key stakeholders.
• Evaluate risk of current assets, while complying with governance and controls.
• Act as a subject matter specialist within the business unit. Provide knowledge sharing with team members to facilitate business unit objectives.

Qualifications

THE EXPERIENCE YOU BRING TO THE TEAM

Minimum Required Experiences

• 4 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. Experience communicating complex ideas and processes to colleagues and stakeholders.
• Strong interpersonal and influencing skills, ability to collaborate with multiple business units within the Multifamily organization, and strong customer relationship management skills.
• Self-motivated team player who has a strong work ethic and demonstrated detail orientation.
• Ability to work on multiple projects simultaneously and can effectively manage time and resources in a fast-paced environment to ensure work is completed efficiently and within established timeframes.
• 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.

Desired Experiences

• Bachelor's degree in Finance, Economics, Accounting or related field preferred or equivalent is preferred.
• Multifamily acquisition and disposition experience is a plus.
• Experience with equity or debt portfolio management software/systems (e.g. MRI, Salesforce, Yardi, etc.).

Additional Information

REF13767Y

The future is what you make it to be. Discover compelling opportunities at careers.fanniemae.com.

Fannie Mae is a flexible hybrid company. We embrace flexibility for our employees to work where they choose, while also providing office space for in-person work if desired. At times, business need may call for on-site collaboration, which means proximity within a reasonable commute to your designated office location is preferred unless job is noted as open to remote.

Fannie Mae is an Equal Opportunity Employer, which means we are committed to fostering a diverse and inclusive workplace. All qualified applicants will receive consideration for employment without regard to race, religion, national origin, gender, gender identity, sexual orientation, personal appearance, protected veteran status, disability, age, or other legally protected status. For individuals with disabilities who would like to request an accommodation in the application process, email us at [email protected].

The hiring range for this role is set forth on each of our job postings located on Fannie Mae's Career Site. Final salaries will generally vary within that range based on factors that include but are not limited to, skill set, depth of experience, certifications, and other relevant qualifications. This position is eligible to participate in a Fannie Mae incentive program (subject to the terms of the program). As part of our comprehensive benefits package, Fannie Mae offers a broad range of Health, Life, Voluntary Lifestyle, and other benefits and perks that enhance an employee's physical, mental, emotional, and financial well-being. See more here.