The Professionals’ Choice for Real Estate Jobs
  1. Home
  2. Find Jobs
  3. Asset Manager

Asset Manager

Salary
Competitive
Employment
Full Time
Real Estate Field
Location
SAINT LOUIS
 MO
Postal Code
63103
Country
United States

This job is no longer active.

Description


The Asset Manager is responsible for management and review of a portfolio of tax credit investments and other real estate transactions, including Historic Tax Credit (HTC), Property Assessed Clean Energy (PACE) financing, and Ground Lease (GL) capital transactions. The Asset Manager monitors investments during the construction and compliance period and is accountable for the ongoing performance and risk mitigation of their assigned portfolio.

This full-time position is located in St. Louis, Missouri. The role supports all efforts of the Asset Management department, reporting to the Director of Asset Management.

 

Responsibilities

• Review and interpretation of operating agreements, loan agreements and other legal documents

• Review and approve monthly PACE disbursement requests

• Track all PACE project eligible expenses, construction status, assessment payments, and overall financial performance 

• Review and approve equity installments for funding in connection with each HTC investment, including capital calls to investors

• Monitor compliance with HTC and PACE programmatic requirements

• Review monthly construction draws on GL transactions

• Review and approve GL fundings pursuant to the legal documents

• Actively track construction status, lease-up, projected credit delivery amounts, placed in service dates, upcoming capital contributions, and fee income for HTC transactions

• Monitor and collect returns on HTC transactions, including, but not limited to, preferred return, tax equivalency payments, and cash flow from equity investments

• Communicate frequently with developers, lenders, investors, contractors, architects, and other professional services firms

• Regular, effective communication with internal parties 

• Prepare and present a Quarterly Portfolio Review with the Asset Management team 

• Establish policies and procedures necessary for accomplishing Asset Management tasks

• Completion of site visits as deemed necessary

 

Requirements

• B.S./B.A. degree or higher

• 5 years of experience, in real estate, finance, or lending 

• Knowledge of PACE lending strongly preferred 

• Familiarity with tax credit industry, construction finance, legal documentation review, and real estate management 

• Understanding of accounting principles

• Proficient in Microsoft Excel

• Strong interpersonal, written, and verbal communication skills

• Well-developed analytical and problem-solving skills

• Motivated, able to multi-task and be driven by a fast-paced environment

• Adept at working both independently and in a team setting

• Possess acute attention to detail, extremely organized, and able to meet deadlines 

Job Function


Not specified

 

Job Sector


Not specified

 

Experience


5+ to 7 years


This job is no longer active.

Asset / Portfolio Management SAINT LOUIS Full Time MO Asset Manager other