Senior Asset Manager

At Eagle Point Companies, the Senior Asset Manager is responsible for monitoring and measuring the financial performance of Low-Income Housing Tax Credit investment assets to optimize value for investor and developer partners. The Senior Asset Manager (“SAM”) position is an opportunity to work with an established and dynamic real estate development business unit based in South Portland, Maine.

The SAM oversees a 2,100-unit portfolio of Low-Income Housing Tax Credit (LIHTC) and project-based Section 8 multi-family properties across 7 states as relationship manager and problem solver.

The SAM reports directly to the CEO. The SAM will perform financial analysis; conduct site visits and work closely with property management to ensure long-term viability of the LIHTC asset. In addition, the SAM will work with the CEO on special projects to renegotiate financials arrangements among partners and lenders.

What does your day to day look like?

• Overseeing a portfolio of stabilized LIHTC properties.
• Identifying properties with operational issues, investigating causes and facilitating problem resolution; working to resolve issues through collaboration with property managers, lenders, and governmental/regulatory entities.
• Conducting site visits.
• Reviewing year-end financial audits for respective LIHTC partnerships.
• Monitoring reserve balances and overseeing requests for release of replacement and operating reserves.
• Preparing reports to partners and ensuring implementation of actions to correct problems.
• Meeting with and responding to investor and lender issues and inquiries as needed.
• Ability to understand underwriting, debt structures, loan agreements and limited partnership agreements.

Requirements:

• 3-5 years’ experience in affordable multi-family housing as an asset manager with stabilized and/or special assets portfolio.
• College degree
• Experience in LIHTC recommended.
• Ability to travel 10% of the time
• Candidate must have financial analysis skills.
• Proactive, ability to multi-task and work in a fast pace environment.
• Excellent communication and organizational skills.
• Ability to work independently and travel as necessary to sites

You will stand out if you have:

• BA/BS degree in real estate, accounting, business, finance, engineering/architecture or urban planning
• Advanced degree in similar or related field is a plus; agency internships or work experience with affordable housing syndicators / investment companies a major plus
• Knowledge of multi-family real estate operations, including property management; marketing and leasing; budgeting; capital needs planning; financial reporting and compliance with financing covenants or regulatory agreements preferred.
• Knowledge of affordable housing/tax credit program a major plus Must have strong computer skills and thorough knowledge of Outlook, MS Word and Excel.

Experience — The Eagle Point Difference

We think that everybody deserves quality housing no matter their income. We are dedicated to providing the best in housing development, management, investment, and consulting.

The Eagle Point Companies acquire, renovate, preserve, and manage affordable multi-family housing properties nationwide.

Our current management portfolio is comprised of 40 properties representing 5,500 units across 9 states. We have extensive experience preserving HUD-subsidized properties utilizing Low Income Housing Tax Credits and other federal, state, and local financing tools.

EPCO is also recognized as a national expert in consulting on Rent Comparability Studies.

Our Core Values:

• QUALITY: We manage every community like we own it. We develop every community like we live there
• RESPECT: We know that nothing good is done or made without respect for every person involved
• PROFESSIONALISM: We approach every facet of our business with efficiency and careful attention
• INTEGRITY: We always consider the fact that what we do affects the lives of many people

Our corporate headquarters is located in South Portland, Maine.