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Fannie Mae
Boston, MA; Boston; Washington, DC
Source: Fannie Mae careers · View original posting
From Fannie Mae's posting. “We” and “our” refer to the employer.
Playing an essential role in the U.S. economy, Fannie Mae is foundational to housing finance. Here, your expertise can help fuel purpose-driven innovation that expands access to homeownership and affordable rental housing across the country. Join Fannie Mae to grow your career and help people find a place to call home.
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.
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
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