Asset Manager

Job Summary:

Under limited supervision, uses specialized knowledge and skills obtained through experience, specialized training or certification to manage a portfolio of multifamily real estate partnerships to preserve the value of Investor Equity and the stream of benefits associated with that Investment. Monitors Low Income Housing Tax Credit (LIHTC) compliance and property management activities. Consults on property operations with a view to protect and insure the long-term viability of portfolio assets. Leads defined work or projects of moderate scope and complexity. Identifies, researches, and resolves complex problems.

Essential Duties and Responsibilities:

• Oversees the investment properties that are directly assigned to their portfolio.
• Performs site visits to observe the physical conditions and management practices of LIHTC properties.
• Review and monitor quarterly operational reports and evaluate Partnership performance through preestablished standards and key indicators. Develops and maintains relationships with general partners/ developers, lenders, state agencies, and managing agents
• Exhibits market and investment knowledge when interacting with partners and investors.
• Provides support and analysis to general partners and management companies with the goal of increasing profitability and reducing risk.
• Provides advisory and support to facilitate the improvement and expansion of new business. Identify partnerships that require Watchlist status and develop strategies to address all issues.
• Maintains a thorough and current record of property activity in our proprietary database.
• Prepares investor and developer reports as necessary.
• Participate in and leads efforts relative to team initiatives
• Performs other duties and responsibilities as assigned.
  
  

Qualifications:

Knowledge, Skills, and Abilities:

Knowledge of:

• Institutional asset management, LIHTC preferred.
• Advanced concepts, principles and practices of multi-family real estate/housing operations, including property inspections, , property management, property maintenance, and compliance.
• Advanced concepts, principles and practices of LIHTC and compliance, preferred.
• Advanced knowledge of real estate finance.
• Knowledge of institutional investment strategies and partnership structures
• Accounting principles.
  
  

Skill in:

• Strong analytical skills & financial acumen Use of Asset Management system / database
• Excellent organizational and communication skills
• Document Management technology.
• Identifying the needs of customers through effective questioning and listening techniques.
• Detail orientation to ensure quality standards are met without impairing workflow.
• Communicating both orally and written.
• Follow-up to ensure resolution and completion of tasks.
• Demonstrating sensitivity to customer needs (both internal and external) and proactively address customer needs.
• Operating standard office equipment and using required software applications to produce correspondence, reports, electronic communication and spreadsheets.
  
  

Ability to:

• Communicate complex issues to others with a varied understanding of the subject matter.
• Interpret and apply policies and identify and recommend changes as appropriate.
• Organize, manage and track multiple detailed tasks and assignments with frequently changing priorities in a fast-paced work environment; and maintain accuracy on completed work.
• Proactively demonstrate readiness and ability to initiate action.
• Work independently as well as collaboratively within a team environment.
• Identify required tasks, develop timelines and execute.
• Establish and maintain effective working relationships at all levels of the organization, including negotiating resources.
• Project a positive, professional image both internal and with external business contacts.
• Convey information clearly and effectively through both formal and informal documents.
• Identify relationships, draw logical conclusions and interpret results for use in decision making.
  
  

Educational/Previous Experience Requirements:

• Bachelor’s Degree (B.A.) in related field and a minimum of three (3) years of relevant real estate experience including physical property site inspections and interpreting financial statements. MBS or MRE preferred.
  
  

~or~

• Any equivalent combination of experience, education, and/or training approved by Human Resources.
  
  

Licenses/Certifications:

• Tax Credit Certification from a recognized agency, or ability to obtain in 6 months.
  
  

Travel:

• 35%
  
  

At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.

We expect our associates at all levels to:

• Grow professionally and inspire others to do the same
• Work with and through others to achieve desired outcomes
• Make prompt, pragmatic choices and act with the client in mind
• Take ownership and hold themselves and others accountable for delivering results that matter
• Contribute to the continuous evolution of the firm
  
  

At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.

Job :

Accounting & Finance

Primary Location :

US-FL-St. Petersburg-Saint Petersburg

Organization :

RJ Affordable Housing Investments

Schedule :

Full-time

Shift :

Day Job

Travel :

Yes, 25 % of the Time

Eligible for Discretionary Bonus :

Yes