Asset Manager - LIHTC - Aegon AM

Job Description Summary

Company Overview:

Aegon Asset Management (Aegon AM) is a leading global investor. Our 385 investment professionals manage and advise on assets of US $341 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 maximizing client benefit from their specialist areas.

We are an international business: Our 1,160 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 maximizing 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.

Job Description

Responsibilities:

• Establish an accretive business plan and proactive investment strategy with the objective of maximizing investment benefits (tax credits, losses, and distributions), cash flow, and long-term property value.
• 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.
• 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.
• Coordinate post-closing disbursement of equity and ensure achievement of development benchmarks.
• Deliver consistent and accurate reporting to the team and investors to aid in the overall management of the portfolio.
• Communicate risks to appropriate leadership in Asset Management and as problem solver, develop action plan to protect the investment.
• Review and interpret legal documents, such as partnership agreements, loan agreements, guarantees, promissory notes, and coordinate with appropriate parties to ensure compliance.
• Forecast income and expense projections, capital requirements, risk-return analysis and hold/sell recommendations.
• Perform property inspections to ensure viability, prudent operational performance, fiscal management, compliance, and document recommendations into the final review report.
• Participate in the underwriting and coordination of assets to evaluate risk.
• Maintain strong relationships with sponsors and internal teams.

Required Qualifications:

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

Preferred Qualifications:

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

**Please note that the compensation information that follows is a good faith estimate for this position only and is provided pursuant to applicable pay transparency and compensation posting laws. It is estimated based on what a successful candidate might be paid in certain Company locations.**

 

The salary for this position generally ranges between $90,000 - $110,000 annually. This range is an estimate, based on potential qualifications and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.

 

Additionally, this position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.

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.

#LI-Remote

Why Work for Us

At Aegon Asset Management, we invest in You.

Our people are our greatest asset; with a competitive rewards program including incentive compensation, health and wellness benefits, retirement programs, and learning and development opportunities, our employees are engaged and empowered.  Come be a part of driving our success!

Equal Opportunity Employer:

AEGON USA Realty Advisors, LLC, is an Equal Employment Opportunity/ Affirmative Action Employer and does not discriminate against any applicant or employee because of age, religion, sex, gender identity, genetic information, race, color, national origin, pregnancy, sexual orientation, marital status, participation in the uniformed services (e.g. U.S. Armed Forces, National Guard), physical or mental disability, or any other status protected by federal, state, or local equal employment opportunities laws.

Applicants with physical or mental disabilities may be entitled to a form of reasonable accommodation under the Americans with Disabilities Act and certain state and local laws. A reasonable accommodation is a change in the way things are normally done which will insure equal employment opportunity without imposing undue hardship on the Aegon Companies. Please contact: applicantsupport@aegonusa.com if you are a job seeker with a disability, or are assisting someone with a disability, and require assistance to apply for one of our jobs.

Technical Assistance:

If you experience technical problems during the application process, please email applicantsupport@aegonusa.com.