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Sr. Asset Manager, Troubled Assets
Location: Columbia, MD
Company: Enterprise Community Investment
Job Requirements: Qualified applicants must have the following skills...

Job Requirements:

• Master’s degree or equivalent is preferred, preferably in real estate, finance, accounting or related field.
• Familiarity with loan documents, partnership agreements, contracts and other legal documents is required.
• 8-10+ years experience with real estate, housing programs, finance, accounting, law, and/or property management is required.
• Knowledge of real estate and LIHTC are required.
• Strong financial analysis skills are required.
• Strong computer skills are required; thorough knowledge of MS Word, MS Excel, and MS Outlook are preferred.
• Ability to adjust quickly to changing priorities and circumstances is required.
• Ability to work evening and weekend hours during peak periods is required.

Job Description:

The Senior Asset Manager, Troubled Assets will provide support for advanced problem-solving function for the Regional Asset Management team, focusing on resolving issues on troubled low income housing investments. The principal goal is to maintain the viability, quality and affordability of Enterprise investment in low income housing properties.

• Manages real estate portfolio of approximately 30 properties; focusing solely on troubled real estate;
• Will work with General Partner/Sponsors, funders and regulatory agencies to find solutions to on-going problems; solutions may include removal of property management firms, removal of General Partner entities; restructuring debt;
• Evaluate past and forecast future property performance, and performance of its sponsors and management agents;
• Determine property capital needs to ensure long term viability of the asset;
• Determine funding needs to ensure long term viability of the asset;
• Negotiate workout strategies with general partners, lenders, public sector entities and investors as appropriate;
• Conduct project site visits, review property management systems, review organizational systems and provide technical assistance if appropriate;
• Work with Portfolio Stabilization group to determine whether full “work-out” is needed;
• Work with Regional Asset Management team to develop communication strategies with large partners;
• Interface with Regional Asset Management Director during project performance reporting cycles; including standard financial reporting periods;
• Track insurance renewals and real estate tax payments; monitor market conditions;
• Complete internal and external reports accurately and meet all deadlines;
• Interact with Enterprise staff to provide accurate and timely information;
• Performs other duties as assigned.

To apply, please visit our careers website to complete an online application and profile.