Asset Manager

Job Description

Boston Financial Investment Management (Boston Financial) is a national leader in the low-income housing tax credit industry with a proven track record in syndication services as well as asset and portfolio management. Since 1969 Boston Financial has raised over $10 billion of low-income housing and historic tax credit equity investments in over 2,200 properties. Boston Financial is a wholly-owned subsidiary of ORIX USA Corporation.

Position Overview:

• Oversee the performance of a regional portfolio of multifamily properties syndicated through the LIHTC program. Implement proactive strategies to maximize operational performance, enhance cash flow and improve property valuation for disposition.
• Ensure properties achieve required benchmarks for release of equity installments.
• Analyze performance deficiencies and develop projections and workout scenarios for troubled properties.
• Develop and maintain relationships with general partner/borrower/developer clients and using his/her expertise effectively to help them enhance the performance of the investments.
• Understand regional and metropolitan economic and demographic trends and key multi-family markets.
• Establish relationships with management agents, housing agencies, lenders and other key public and private sector players in his region. 
• Project future tax losses and cash flow distributions.
• Respond to special requests for information from investor and internal clients on a regular basis, both through informal interactions and formal presentations.
• Participate in team initiatives to improve property monitoring and risk management processes.

Minimum Requirements:

• Bachelor’s Degree in business, finance, real estate or related field.
• 5+ years of related real estate experience. 
• Familiarity with partnership structures and taxation, low income housing tax credit program regulations.
• Strong analytical skills with a good understanding of real estate investment analysis.
• Excellent verbal and written communication and negotiation skills.
• MS Excel proficient.
• Ability to work in a fast-paced work environment while managing conflicting priorities.