Vice President, Real Estate Work Out/Asset Risk Manager (Charlotte/Chicago)

The asset risk manager will oversee a portfolio of underperforming multi-family real estate assets and resolve issues to improve performance and mitigate credit risk. Key responsibilities include completing detailed workout analyses, preparing asset-specific risk management and loss mitigation plans, reviewing financial projections, analyzing reports for project stabilization, interacting with various stakeholders, preparing budget proformas and formal narrative risk management plans. The role also involves providing oversight of assets by analyzing performance data, conducting physical site inspections, assessing project and partnership risk factors, expediting financial information, preparing investor reports, initiating communication with General Partners for tax returns and audits, reviewing annual operating budgets, and recommending strategies to resolve operational, financial, and compliance difficulties. Maintaining thorough records and an understanding of regional/local economic trends is also essential.

Bachelor's degree, preferably in finance, accounting or real estate. Eight or more years' experience in affordable housing, tax credit syndication, transaction processing, or multifamily real estate underwriting and/or financial modeling. Strong consideration for candidates with 4 or more years in work out, special assets or credit risk experience. Proficiency in MS-Outlook, MS-Excel and MS-Office applications. Excellent verbal and written communication skills. Nice-to-have: MBA or Master's in finance, accounting or real estate, and prior experience as a LIHTC Asset Risk Manager/Special Assets/Work Out.

Bachelor's Degree

Must be willing to travel (implied by physical site inspections and multi-location role).