Employment Spot

Job Description

The National Equity Fund, Inc. (NEF), the largest non-profit syndicator of low-income housing tax credits, is seeking an Asset Manager for New York City. The Asset Manager will be responsible for all property and asset management issues from development of the investment proposal throughout the life of the lower tier partnership to ensure the continuous delivery of tax credit benefits and projected passive losses. Analyze financial feasibility of investment proposals from the standpoint of property and asset management. Coordinate with other Team members to review and analyze all transactional plans related to on-time delivery of units and long-term operating success.  Oversee the financial analyses, documentation, database maintenance and other work outputs of the asset analyst.  Continually assess project and partnership risk factors as they pertain to compliance with Section 42 (LIHTC) provisions. Mentor Analyst in identifying, interpreting, evaluating and mitigating risks and issues.  Along with fellow team members, LISC and other intermediaries, duties also include establishing strong, productive working relationships with project sponsors, lenders, municipal and allocating agencies. Focus is needed on the continuous need to maintain project development files and project data.

Job Requirements

The ideal candidate will have a minimum of a bachelor’s degree in real estate finance, economics, business, accounting or related field. Minimum 5 years experience in asset management, property management or real estate finance. A strong track record of asset management is essential with skills and knowledge of: multifamily real estate operations; property management; marketing; leasing; budgeting; finance reporting and compliance with financing covenants or regulatory agreements.  Applicant must also have keen analytical skills and proven ability to readily recognize, investigate, interpret and communicate warning signs of potential problems. This position requires the following traits and abilities: self-starter; creative problem solver; team oriented; relationship builder; multi-task oriented and willingness to travel.    

We offer a competitive salary, along with a comprehensive benefits package.

Submit resume and cover letter with salary requirements via fax to (312) 360-0804,

 e-mail to rhall@nefinc.org, or mail to:

The National Equity Fund
Human Resources Department
120 South Riverside Plaza, 15^th Floor
Chicago, IL  60606

NEF IS AN EQUAL OPPORTUNITY EMPLOYER