As a valued colleague on our team, you will provide expert advice on, and guide team members in, managing the administration, strategic planning, and operations of an assigned portfolio. 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 Multifamily LIHTC Asset Manager Lead Associate (Flexible Hybrid) 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:
- Demonstrated knowledge of the Multifamily market including; LIHTC Asset Management, real estate finance, transactions and structures, legal contracts, loan documents, property/collateral valuation, cap rates, credit.
- 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.
- Significant depth of understanding relative to business unit responsibilities and objectives. Resolve problems, source and develop information to negotiate position with management and external stakeholders to mitigate financial and credit risk.
- Ability to direct others in the process of navigating multiple systems, managing data and creating reports. Ensures data quality and integrity. Improve processes to monitor and communicate credit risk within the team and across the Multifamily organization.
- Lead, 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.
- Subject matter specialist within the business unit. Position includes some coaching and knowledge sharing with team members to facilitate business unit objectives.
- 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.
THE EXPERIENCE YOU BRING TO THE TEAM
Minimum Required Experiences
- 4 years
- 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 deal with multiple business units within the Multifamily organization, strong customer relationship management skills
- Self-motivated team player who has strong work ethic and demonstrates attention to detail
- Ability to prioritize in a fast-moving environment with excellent management and business literacy skills
- Ability to work on multiple projects simultaneously, managing time and resources 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.)
The future is what you make it to be. Discover compelling opportunities at careers.fanniemae.com.
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].
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.
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.
