Back to search results Commercial Real Estate Asset Manager Boston, Massachusetts; New York, New York; Seattle, Washington; Iselin, New Jersey; Charlotte, North Carolina; Los Angeles, California; Mount Pleasant, South Carolina; Baltimore, Maryland Additional locations Apply × To proceed with your application, you must be at least 18 years of age. Acknowledge × Bank of America employees are required to meet all posting eligibility requirements prior to applying for any new position. Acknowledge Refer a friend Apply × To proceed with your application, you must be at least 18 years of age. Acknowledge × Bank of America employees are required to meet all posting eligibility requirements prior to applying for any new position. Acknowledge Job Description:At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits.We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!Job Description:Member of the Asset Management Team. Works in a team environment collaborating closely with the deal team members during the closing of equity Investment opportunities. Will maintain a continuing role in the Asset Management and performance monitoring of all active Investments.Responsible for the oversight and management of a Direct LIHTC (Low Income Housing Tax Credit) Portfolio. The Portfolio will be a combination of Development and Stabilized Investments and will include analyzing and negotiating all Capital Transactions such as Refinancing and Year 15 Dispositions. Analyze, negotiate and work with Counsel on Partnership Amendments. Collaborate with General Partners/Consultants on Compliance issues.Responsibilities:Proactively identify, assess, classify, and mitigate asset-level risks across the portfolioMonitor performance trends and intervene as needed to protect asset value and investor returnsMaintain appropriate risk ratings and ensure timely escalation of issuesOversee assets through the full lifecycle, with a focus on development, conversion, and stabilization phaseMonitor construction progress, lease-up performance, and achievement of underwriting targetsCoordinate with sponsors and internal stakeholders to address delays, cost overruns, or operational issuesConduct site inspections in accordance with asset risk classificationsPrepare detailed semi-annual Watched Asset Reports and present findings in portfolio review meetingsMaintain accurate, up-to-date asset data in internal systems (e.g., CARMA, EDR) in coordination with WCAAsAnalyze, structure, and negotiate capital transactions, including, refinancings ,Year 15 dispositions and early exits and recapitalizationsPrepare stay/leave analyses to inform investor decision-makingAnalyze and negotiate partnership amendments in coordination with legal counselEvaluate and process waiver requests, ensuring alignment with risk and policy considerationsPartner with General Partners (GPs) and consultants to resolve compliance issuesReview and analyze K-1s, partnership tax returns, and audited financial statements in accordance with internal policiesPrepare tax return and audit review checklists for each investmentEnsure adherence to LIHTC regulatory requirements and benefit schedulesRequired Qualifications3+ years of experience in real estate asset management, preferably within LIHTC or affordable housingStrong financial analysis skills, including proficiency in real estate modeling and pro forma developmentSolid understanding of Real estate financial statement, Partnership capital accounts, Tax returns, K-1s and auditsKnowledge of LIHTC program structures and benefit schedulesDemonstrated ability to identify and resolve compliance issuesCompletion of at least one LIHTC compliance training/courseDesired Qualifications:Bachelor's degree (BA/BS) in Finance, Real Estate, Accounting, or a related fieldSkills:Business AcumenLoan StructuringProduct ManagementRisk ManagementCoachingConsultingDecision MakingInfluenceResult OrientationCredit Documentation RequirementsPortfolio AnalysisRegulatory ComplianceStakeholder ManagementUnderwritingMinimum Education Requirement: High School Diploma / GED / Secondary School or equivalentShift:1st shift (United States of America)Hours Per Week: 40 Learn more about this role Apply × To proceed with your application, you must be at least 18 years of age. Acknowledge × Bank of America employees are required to meet all posting eligibility requirements prior to applying for any new position. Acknowledge Refer a friend Apply × To proceed with your application, you must be at least 18 years of age. Acknowledge × Bank of America employees are required to meet all posting eligibility requirements prior to applying for any new position. Acknowledge Full time JR-26021178 Manages People: No Travel: Yes, 20% of the time Age requirement: Must at least be 18 years of age. California pay and benefits information California pay range: $88,000.00 - $131,000.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company. Benefits This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve Maryland pay and benefits information Maryland pay range: $88,000.00 - $131,000.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company. Benefits This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve Massachusetts pay and benefits information Massachusetts pay range: $88,000.00 - $131,000.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company. Benefits This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve New Jersey pay and benefits information New Jersey pay range: $88,000.00 - $131,000.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company. Benefits This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve New York pay and benefits information New York pay range: $88,000.00 - $131,000.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company. Benefits This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve Washington pay and benefits information Washington pay range: $88,000.00 - $131,000.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company. Benefits This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve Share: Save job Job saved