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AVP, Fund Management

Carmel, IN, United States

Description

Do you want to work on a team with other highly motivated individuals? Do you have strong analytical and financial skills and a desire to learn the Low-Income Housing Tax Credit “LIHTC” syndications business?

Our AVP of Fund Management i s responsible for monitoring, managing, and reporting all fund activity for a portfolio of real estate investments. The main responsibilities include asset monitoring, financial analysis, client interactions, risk assessment, and reporting.

A successful Fund Manager will develop and maintain their financial analysis skill set and thorough understanding of reporting requirements for the fund within their assigned Fund Management portfolio.

We encourage those with the following backgrounds to apply: Tax Accountant; Senior Accountant; Senior Fund Manager; Auditor; and Investor Relations (Tax/Accounting).

After one year as our AVP of Fund Management, you will know you were successful if you…

Generate, post, and review all monthly journal entries to assigned funds.

Assist with preparation, analysis, and review of quarterly reports including but not limited to; project and fund-level summary reports, model projections, drafting financial statements, investor narratives, and calculating investor yield on a quarterly basis.

Coordinate with Asset Management and Syndications to plan for upcoming capital calls, bridge draw requests, manage cash position, and prepare reconciliations.

Work with external parties that include but are not limited to investors, partnership accountants, and other entity partners.

Review Limited Partnership Agreements and create and review active, post-closing models for each.

Review lower-tier partnership and fund tax returns and audits.

Assist fund auditors during preliminary and year-end fieldwork.

Requirements

What we are looking for…

Requires a bachelor’s degree in a business-related field, accounting or finance is preferred.

A minimum of four years of relevant work experience in real estate investments and public accounting experience is a plus.

Previous work experience in the Low-Income Housing Tax Credit Program or Affordable Housing industry is a plus.

The candidate must demonstrate strong customer service skills in interactions with investors, lenders, and developer partners in a financial services environment.

Requires knowledge of Microsoft Office Suite, and a high proficiency in Excel and Word.

Overtime hours are expected during certain months of the year.

ABOUT MERCHANTS CAPITAL

With over 30 years of success built on putting people first, Merchants Capital is a proven leader in financing for multifamily housing nationwide. Our licenses with Fannie Mae, Freddie Mac, and HUD/FHA, in addition to our bank’s balance sheet products, allow us to offer custom solutions with agility and ease of execution, expanding access to housing in meaningful and impactful ways. Recognized as a top five affordable lender , Merchants Capital pairs our comprehensive debt offerings with in-house tax credit equity to provide a one-stop-shop for developers and owners. To learn more about Merchants Capital, visit www.merchantscapital.com .

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