AVP - Fund Management (LIHTC)

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The AVP - Fund Management (“AVP, FM”) is responsible for the financial modeling, analytics and due diligence process in closing MultiFunds, Club Funds and Proprietary Fund transactions, as well as the post-close management and reporting duties through stabilization of the underlying properties. We Innovate to shape the future of CRE, so in this role you will:

• Manage quarterly Fund financial statements and assist with the preparation and review of monthly Corporate financial statements, maintaining related workbooks and schedules. - Manage cash and GAAP journal entries, including accruals, and process wires, ACHs, and check runs. - Coordinate and manage Fund audits, tax returns, and K-1 preparations, while supporting Corporate audit and tax return processes as needed. - Create and maintain financial models, assist with financial planning and analysis, and collaborate with internal teams on accounting and tax-related matters. - Review Fund and Partnership operating agreements, record transactions, and monitor capital contributions received from investors and paid to Partnerships, ensuring all capital accounts are up to date. - Manage investor due diligence workflow and Upper Tier closings. - Prepare qualitative risk assessment and quantitative valuation for internal discussion. - Together with VP, FM: Maintain and update master templates for Lower Tier / Upper Tier modeling. - Support Acquisitions and Underwriting by providing tax expertise, model training and transaction-specific modifications to Lower Tier models. - Train and review the work of junior staff, providing guidance and oversight. - Manage investor capital to be called, based on Fund cash balances and updated project-level equity schedules. - Analyze investor tax-basis and 704(b) basis capital account projections through the LIHTC compliance period, identifying potential risks to investor IRR and providing recommendations. - Perform quarterly and annual updates to pre-stabilized Fund models based on actual tax returns, and review tax returns for pre-stabilized Funds, analyzing material variances and updating investor benefit schedules. - Manage quarterly reporting obligations and conduct annual analyses of Fund reserves and sustainability. - Calculate annual Fund cash waterfalls, process upper-tier asset management fees and overhead reimbursements, and model complex transactions, including multi/club structures, bridge lending, and special allocations. - Coordinate Lower Tier tax return preparation memos and ensure adherence, while planning, hosting, and recording Lower Tier model training sessions. - Annual review and revision of Upper Tier Policies and Procedures