CREA, LLC
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Asset Manager
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CREA, LLC CREA, LLC is a full-service low-income housing tax credit (LIHTC) syndicator forming long-term relationships with investors and developers that cultivate success and improve lives. CREA has raised $12.025 billion resulting in the formation of over 88,000 homes within 958 communities across the country. CREA is seeking a talented Asset Manager, Development to join the Asset Management team. The position can be based in any CREA local office; Boston, MA or Indianapolis, IN are preferred locations. Physical Presence:
In-Office | Tue – Thu; Flexible | Mon & Fri Open to:
All CREA offices. Boston or Indianapolis preferred. Reports to:
Vice President, Development - Asset Management Position Summary
This position will play an important role in managing a portfolio of assets in the Development phase within CREA, LLC’s portfolio of Section 42 LIHTC projects. Primary Responsibilities
Maintain a detailed working knowledge of each property within the assigned portfolio Oversee and monitor benchmarks such as construction completion, initial lease-up, stabilization, permanent loan conversion, and receipt of executed 8609s Lead Transition Calls for newly closed Partnerships within the assigned portfolio that are either a new relationship and/or an Acquisition Rehab in place Track, monitor, and calculate credit delivery including review of occupancy reports, cost certifications, and 8609s Monitor properties for ongoing compliance with Partnership Agreements Maintain knowledge of Section 42 LIHTC program compliance requirements Reporting & Technology
Collect, review, and provide reporting on monthly, quarterly, and annual financial information Work with the Investment Central database system to track property data Analyze benchmark and financial statements and perform risk rating analysis Assist in collecting tax returns and audits, and coordinate review and approval through CREA’s Fund Management Group Special projects and reporting as requested Review GP requests on potential deal changes and prepare formal requests for Investor Relations Ensure projects remain in balance during the development process and identify potential solutions to keep properties in balance when needed Coordinate compliance reviews with third-party compliance consultants and perform some compliance work in-house Collect and review monthly construction draws and process periodic Equity Installments Work with internal and external partners to project future equity timing and needs Job Requirements
Bachelor’s degree with a major in accounting, finance, real estate, or another business-related field Minimum of two years of experience in asset management, accounting, the multifamily affordable industry, or development Proficient with Microsoft Office Suite, with emphasis on Excel and Word Excellent communication skills and ability to interact with senior management and a large external client base Ability to identify and verbalize issues with partners Current LIHTC Compliance Certification or ability to obtain Valid driver’s license required for limited travel of up to 5% annually, with potential for some overnight Preferred
Relatable experience with Section 42 or similar programs; demonstrate core competencies Core Competencies
Problem-solving, organizational, interpersonal, and time-management skills Ability to identify, simplify, and resolve complex issues Strong written and oral communication skills Ability to monitor and follow through on requests and projects to completion Ability to multitask, prioritize, and meet deadlines Ability to manage sensitive and confidential information Initiative and ability to work with minimal guidance Commitment to excellence and accuracy Our Values
We work as a family, investing in each other and the communities we serve We act with integrity, embracing differences and treating others with kindness and respect We believe teamwork enables inventive solutions for our clients Seniority level
Associate Employment type
Full-time Job function
Finance and General Business Industries
Financial Services and Accounting We’re no longer listing additional job postings here. You can set up alerts to be notified when new roles are posted.
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Asset Manager
role at
CREA, LLC CREA, LLC is a full-service low-income housing tax credit (LIHTC) syndicator forming long-term relationships with investors and developers that cultivate success and improve lives. CREA has raised $12.025 billion resulting in the formation of over 88,000 homes within 958 communities across the country. CREA is seeking a talented Asset Manager, Development to join the Asset Management team. The position can be based in any CREA local office; Boston, MA or Indianapolis, IN are preferred locations. Physical Presence:
In-Office | Tue – Thu; Flexible | Mon & Fri Open to:
All CREA offices. Boston or Indianapolis preferred. Reports to:
Vice President, Development - Asset Management Position Summary
This position will play an important role in managing a portfolio of assets in the Development phase within CREA, LLC’s portfolio of Section 42 LIHTC projects. Primary Responsibilities
Maintain a detailed working knowledge of each property within the assigned portfolio Oversee and monitor benchmarks such as construction completion, initial lease-up, stabilization, permanent loan conversion, and receipt of executed 8609s Lead Transition Calls for newly closed Partnerships within the assigned portfolio that are either a new relationship and/or an Acquisition Rehab in place Track, monitor, and calculate credit delivery including review of occupancy reports, cost certifications, and 8609s Monitor properties for ongoing compliance with Partnership Agreements Maintain knowledge of Section 42 LIHTC program compliance requirements Reporting & Technology
Collect, review, and provide reporting on monthly, quarterly, and annual financial information Work with the Investment Central database system to track property data Analyze benchmark and financial statements and perform risk rating analysis Assist in collecting tax returns and audits, and coordinate review and approval through CREA’s Fund Management Group Special projects and reporting as requested Review GP requests on potential deal changes and prepare formal requests for Investor Relations Ensure projects remain in balance during the development process and identify potential solutions to keep properties in balance when needed Coordinate compliance reviews with third-party compliance consultants and perform some compliance work in-house Collect and review monthly construction draws and process periodic Equity Installments Work with internal and external partners to project future equity timing and needs Job Requirements
Bachelor’s degree with a major in accounting, finance, real estate, or another business-related field Minimum of two years of experience in asset management, accounting, the multifamily affordable industry, or development Proficient with Microsoft Office Suite, with emphasis on Excel and Word Excellent communication skills and ability to interact with senior management and a large external client base Ability to identify and verbalize issues with partners Current LIHTC Compliance Certification or ability to obtain Valid driver’s license required for limited travel of up to 5% annually, with potential for some overnight Preferred
Relatable experience with Section 42 or similar programs; demonstrate core competencies Core Competencies
Problem-solving, organizational, interpersonal, and time-management skills Ability to identify, simplify, and resolve complex issues Strong written and oral communication skills Ability to monitor and follow through on requests and projects to completion Ability to multitask, prioritize, and meet deadlines Ability to manage sensitive and confidential information Initiative and ability to work with minimal guidance Commitment to excellence and accuracy Our Values
We work as a family, investing in each other and the communities we serve We act with integrity, embracing differences and treating others with kindness and respect We believe teamwork enables inventive solutions for our clients Seniority level
Associate Employment type
Full-time Job function
Finance and General Business Industries
Financial Services and Accounting We’re no longer listing additional job postings here. You can set up alerts to be notified when new roles are posted.
#J-18808-Ljbffr