Asset Manager - LIHTC

The Quest Organization

Atlanta, GA
1 day ago

Highlights

This individual will play an important role in monitoring property performance, ensuring compliance with affordable housing requirements, and working closely with property management teams and other stakeholders to maximize the long-term performance of the portfolio. This is an opportunity for a hands-on professional with affordable housing and Low-Income Housing Tax Credit (LIHTC) experience to take ownership of portfolio responsibilities within a well-established organization.

Numbers & Facts

Location	Atlanta, GA
Industry	Staffing/Employment Agencies
Company Size	10 to 19 employees
Year Founded	1985
Website	http://www.questorg.com

Description

Asset Manager Affordable Housing / LIHTC

An established Affordable Housing Developer is seeking an experienced Asset Manager to oversee the financial and operational performance of its portfolio. This individual will play an important role in monitoring property performance, ensuring compliance with affordable housing requirements, and working closely with property management teams and other stakeholders to maximize the long-term performance of the portfolio. This is an opportunity for a hands-on professional with affordable housing and Low-Income Housing Tax Credit (LIHTC) experience to take ownership of portfolio responsibilities within a well-established organization.

Responsibilities:

Monitor the financial and operational performance of an assigned portfolio of affordable housing properties.
Review property-level financial statements, operating budgets, cash flow, occupancy, expenses and NOI.
Identify performance issues, assess risks and develop recommendations to improve property operations and financial results.
Monitor compliance with LIHTC regulations, partnership agreements, regulatory requirements and applicable affordability restrictions.
Work closely with property management companies to address operational challenges, improve performance and ensure adherence to established budgets.
Prepare financial analyses, portfolio reports, variance analyses and updates for senior management.
Oversee capital improvement planning, major repairs and other property-related expenditures.
Coordinate with internal teams, investors, lenders, government agencies and other external stakeholders as needed.
Monitor property performance against financial projections and identify potential risks to long-term asset value.

Qualifications:

Bachelor's degree in Finance, Accounting, Real Estate, Business or a related field.
45+ years of experience in affordable housing asset management, LIHTC portfolio management or a closely related field.
Working knowledge of Low-Income Housing Tax Credit (LIHTC) programs, compliance requirements and affordable housing regulations.
Strong financial analysis skills, including the ability to review financial statements, operating budgets and property-level performance.
Experience working with property management companies and monitoring multifamily property operations.
Strong organizational, analytical and communication skills.
Ability to manage multiple properties and priorities independently.

About Company

For over 30 years, The Quest Organization and its related entities have been a highly respected leader in Executive Search and Business Advisory Services, taking a holistic approach to finding not only the most talented individuals for “C” level executives and Middle Management Professionals, but making sure that our clients have truly defined their need both from a technical perspective and an overall “fit perspective. The hallmark of our success is the extraordinary experience and business acumen of our professional staff with a combined 50+ years of achievements in Executive Search and Advisory Services.
With backgrounds as CPAs in the Big “4″ and as financial professionals in industry, we are uniquely positioned to provide our clients with meaningful hiring recommendations, grounded in a thorough understanding of their overall business including their operations, finance, accounting, human capital and sales.

Our staff through their daily transactions in the employment marketplace and extensive participation in regional business organizations, is well positioned to provide candidates from mid level to CEO’s with insightful advice on career planning and positioning. Every candidate that we represent, benefits from a comprehensive interview to ensure they are considered for appropriate opportunities which match their capabilities, experience, desired compensation and quality of life attributes. We are known to provide the most meticulous interview preparation and follow through in the industry.