Asset Manager - Lihtc - Aegon Am

Company Overview: Aegon Asset Management (Aegon AM) is a leading global investor. Our 389 investment professionals manage and advise on assets of US $321 billion for a global client base of pension plans, public funds, insurance companies, banks, wealth managers, family offices and foundations. We organize our firm around four investment platforms: fixed income, real assets, equities and multi-asset & solutions, which includes a fiduciary and multi-manager business. Each investment platform has dedicated teams with deep asset-class expertise, organized globally and committed to enhancing client benefit from their specialist areas. We are an international business: Our 1,200 employees work from 13 locations across Europe, the Americas and Asia. We share a common belief in fundamental, research-driven active management, underpinned by effective risk management and a commitment to responsible investment. Position Overview: The successful candidate will be primarily responsible for monitoring asset performance and improving revenue for clients by providing detailed asset management of a portfolio of real estate assets investments through Section 42 (LIHTC) and other tax credit programs to ensure delivery of investment benefits.
Responsibilities:

• Participate in the underwriting and coordination of assets to evaluate risk.
• Establish an accretive business plan and proactive investment strategy with the objective of improving investment benefits (tax credits, losses, and distributions), cash flow, and long-term property value.
• Forecast income and expense projections, capital requirements, risk-return analysis and hold/sell recommendations.
• Communicate risks to appropriate leadership in Asset Management and as problem solver, develop action plan to protect the investment.
• Perform property inspections to ensure viability, prudent operational performance, fiscal management, compliance, and document recommendations into the final review report.
• Deliver consistent and accurate reporting to the team and investors to aid in the overall management of the portfolio.
• Review and interpret legal documents, such as partnership agreements, loan agreements, guarantees, promissory notes, and coordinate with appropriate parties to ensure compliance.
• Manage development-phase risks including monitoring construction draws and working with construction consultants and internal engineering team to ensure quality of construction, development timelines and budgets are within expectations.
• Maintain strong relationships with sponsors and internal teams.
• Coordinate post-closing disbursement of equity and ensure achievement of development benchmarks.
• Analyze rent rolls, vacancy and turnover information, affordability profiles and financial operating statements.
• Monitor and evaluate financial performance of assigned assets, perform risk assessments of the investments, markets, and partners, and address non-performance and legal issues related to the property.

Required Qualifications:

• Three years of experience in asset management, commercial real estate, property management, low-income housing tax credit or relevant area.
• Bachelor’s degree in commercial real estate or finance related field, or equivalent experience.

Preferred Qualifications:

• Experience in market rate and affordable multi-family investments.
• CCIM, CPM or MBA.

Job and compensation levels depend upon an applicant’s qualifications including the extent of candidate’s relevant experience and other job-related factors and will be determined by hiring supervisors/managers and HR.
At Aegon Asset Management, we are committed to fostering a diverse workforce and an inclusive culture. We are more than a global Asset Management firm – we are a people business, and we recognize that delivering excellent client outcomes comes from embracing diverse perspectives. We value diversity in the full range of human uniqueness without limitation including race, gender, ability, language, culture, beliefs, age, origin, background, perspectives and experiences.
We are open to considering flexible working practices. Please talk to us about what this means for you.