Asset Manager - LIHTC

Description:Roers Companies is seeking an energetic, dedicated professional in Plymouth, Minnesota to join our team as an Asset Manager - LIHTC! About Us Roers Companies is a 2024 USA Today Top Workplace and an emerging national leader in multifamily real estate investment, development, construction, and property management. Headquartered in Plymouth, Minnesota, we're on a mission to elevate multifamily housing by developing and operating market-rate and affordable apartments in growing neighborhoods. Since our founding in 2012, Roers Cos. has developed nearly $3 billion in real estate, representing more than 12,000 homes across the Midwest, Mountain Southwest, and Sunbelt regions. Our team thrives on purpose-filled work, an entrepreneurial spirit, and unlimited growth potential. About You You're passionate about your work and strive to achieve ambitious goals. You offer an extra hand and aren't afraid to ask for help when needed. You act with integrity and empathy for the people around you. You get the big picture while executing the little details. In other words, you share our corporate values "” passion, work ethic, teamwork, integrity, and ownership mindset. Position Overview: This position will play a critical role in asset managing Roers Companies LIHTC (section 42) investments across the entire portfolio from lease-up to disposition, or re-syndication. A successful candidate will be able to work internally and externally to enhance asset values and deliver or exceed expected returns to project partners, while ensuring compliance requirements are met. Responsibilities: Development of Asset Management plans for all Roers Companies LIHTC assets. Monitor the lease-up process of LIHTC assets in the Roers Companies portfolio, ensuring adherence to proforma and compliance with all applicable regulations (working with the internal compliance team). Coordinate and conduct periodic site inspections, whether Roers Companies internal process, or accommodating third party requests. Review and approval of annual operating budgets, also ensuring they are delivered to project partners on time. Monitor and evaluate financial performance of each asset on a regular basis by monitoring adherence to budget and proforma. Ensure each project is positioned to hit key milestones, including equity installments and loan earn-outs, through applicable testing requirements or otherwise. Address performance-related issues with projects not meeting KPI's through monthly interdepartmental watchlist meetings. Present on the condition of Roers Companies LIHTC projects monthly to the executive and senior leadership teams through asset review meetings. Work with Capital Planning to create a Capital Plan for the project life cycle, then ensure it is followed or variances in the plan are communicated during budgeting season to leadership. Auditing process verified and in place to ensure the interests of the firm and investors are protected regarding compliance requirement across the portfolio. Assist in the facilitation of responses to governmental, equity, or lending agencies. Management of property insurance for the operating LIHTC portfolio (policy placement, policy renewals, monitoring of claims). Must be, or be prepared to become, a market expert in the new submarkets Roers Companies is developing projects within. Supervision of financial analyst(s) required. Ad hoc projects as necessary. Requirements:Bachelor's degree in commercial real estate, finance, or related field. 7+ years of experience in either multifamily asset management, property management, or a combination of both. Meaningful experience with low-income housing tax credit investments is required. Compliance experience within this discipline is also required. Proficient Microsoft Excel skills and the ability to learn new software quickly. Experienced in financial analysis, forecasting, and preparing reporting for upper-level management. Excellent communication skills, both verbal and written. Ability to work independently, remain organized, and prioritize many responsibilities with success. Experience in a managerial position is required, or the demonstrated ability to be a leader of people. Highly motivated, driven, results-oriented individual who is a self-starter is preferred. The ability to travel approximately 20% of the time to projects is required. Benefits & Perks Our full-time employees are eligible for these benefits and perks: Medical, Dental, and Vision insurance including HSA Paid Birth & Bonding Leave Employer Paid Basic Life Insurance Employer Paid Short-Term Disability Voluntary Life, AD&D, Long-Term Disability, Critical Illness, and Accident insurance 401k Match Equity Opportunity with Company Match Competitive PTO and Paid Holidays Gym Membership Reimbursement Free Stays in our Properties' Guest Suites Rent Discount at Roers Cos. Properties Charitable Match Program Annual Company Conference Employee Referral Bonus Program Roers Companies is focused on building a workforce that is diverse and inclusive. We are an Equal Opportunity Employer and consider applicants for employment without regard to race, color, religion, sex, orientation, national origin, age, disability, genetics, or any other basis forbidden under federal, provincial, or local law. E-verify Complaint. Candidates will be required to pass a criminal background check and motor vehicle report. In order to be considered for this position, applicants must complete a survey at this link: Pay Range: $93,100 - $122,500 #RoersCompaniesCareers PIea8caef6df13-25826-36259706

Created: 2025-02-01