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Manager, Transition Asset Management (St.…
- Raymond James Financial, Inc. (St. Petersburg, FL)
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Essential Duties & Responsibilities:
+ Manage, plan, assign, monitor, and lead the work of 3-8 Transition Asset Managers.
+ Performs supervisory activities including performance reviews, identifying performance problems and seeking guidance for remedial action and participating in interviewing and selecting staff.
+ Reviews real estate documentation for consistency with RJTCF’s requirements and property specific investment criteria.
+ Updates and/or reviews financial projections to reflect actual property performance.
+ Reviews property financial statements, tax returns, cost certifications and low income housing tax credit (LIHTC) specific documentation.
+ Reviews legal documents/memorandums and performs other “due diligence” procedures in connection with the property
+ Final Underwriting review approval authority to review, approve, and process requests for capital contributions to the property specific partnerships
+ Performs duties that require advanced knowledge and skills related to real estate and LIHTC documentation and LIHTC industry and legal requirements
+ May coordinate the investor closing process for property specific partnerships. This includes coordinating RJTCF internal and legal staff to provide responses to investor’s comments.
+ Trains, coaches, and mentors other transition asset managers.
+ Performs other advanced duties and responsibilities as assigned.
Advanced knowledge of:
+ Company’s working structure, policies, mission, and strategies.
+ Fundamental concepts, principles and practices of LIHTC.
+ Fundamental concepts, principles and practices of the real estate industry.
+ Principles of banking and finance industry operations.
+ RJTCF’s lower and upper tier Partnership Agreement requirements.
Skill in:
+ Reading and understanding standard real estate and LIHTC specific documentation
+ Real estate financial projections
+ Operating standard office equipment and using required software application to produce correspondence, reports, electronic communication, and spreadsheets.
Ability to:
+ Communicate effectively both oral and written.
+ With limited to no guidance, organize, manage and track multiple detailed tasks and assignments with frequently changing priorities in a fast-paced work environment to meet required results.
+ Provide accurate and high quality work product in a timely manner.
+ Proactively demonstrate readiness and ability to initiate action.
+ With limited to no guidance, work independently as well as collaboratively within a positive team environment.
+ With limited to no guidance, identify required tasks, develop timelines and execute.
+ Project a positive, professional image both internal and with external business contacts.
+ Convey information clearly and effectively through both formal and informal documents.
+ Identify relationships, draw logical conclusions and interpret results for use in decision making.
+ Review and approve technical real estate and LIHTC documentation
+ Proactively mentor others, sometimes throughout the department.
Educational/Previous Experience Recommendations:
+ Bachelor’s Degree (B.A.) in business, finance, accounting or related field and a minimum of four (4) years of relevant real estate experience.
~or~
+ Any equivalent combination of experience, education, and/or training approved by Human Resources.
Licenses/Certifications
+ HCCP designation
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Manager, Transition Asset Management (St. Petersburg)
- Raymond James Financial, Inc. (St. Petersburg, FL)