Fund Manager - LIHTC at Berkadia

Philadelphia, Pennsylvania, United StatesFull-timeNU4-AFHOU-COM353-Affordable - BATCSPosted 9 days ago

About the Role

Are you looking for the opportunity to make an impact? Berkadia’s mortgage banking platform is consistently ranked among Fannie Mae, Freddie Mac and HUD’s top lenders and is seamlessly integrated with our investment sales and servicing platforms to provide superior client service. Let the strongest research, technology, capital relationships, and a nationwide network of industry professionals propel you to the next stage of your commercial real estate career. Be Backed by the Best. Be Berkadia. The Fund Manager provides analytical and administrative support to the AVP Fund Managers from inception through stabilization of LIHTC Funds and their underlying properties.  Thereafter, the Fund Manager is responsible for investor reporting, client servicing and aggregation of Berkadia’s portfolio data.  We Innovate to shape the future of CRE, so in this role you will: <ul> <li data-leveltext="" data-font="Symbol" data-listid="14" data-list-defn-props="{"335551671":0,"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"hybridMultilevel"}" data-aria-posinset="0" data-aria-level="1">Perform quarterly updates to property level and Fund level projections based on actual events and annual tax returns, with specific attention to capital contribution adjusters, capital accounts and investor IRR.</li> <li data-leveltext="" data-font="Symbol" data-listid="14" data-list-defn-props="{"335551671":0,"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"hybridMultilevel"}" data-aria-posinset="0" data-aria-level="1">Manage quarterly Fund financial statements and assist with the preparation and review of monthly Corporate financial statements, maintaining related workbooks and schedules.</li> <li data-leveltext="" data-font="Symbol" data-listid="14" data-list-defn-props="{"335551671":0,"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"hybridMultilevel"}" data-aria-posinset="0" data-aria-level="1">Review Fund and Partnership operating agreements, record transactions, and monitor capital contributions received from investors and paid to Partnerships, ensuring all capital accounts are up to date.</li> <li data-leveltext="" data-font="Symbol" data-listid="14" data-list-defn-props="{"335551671":0,"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"hybridMultilevel"}" data-aria-posinset="0" data-aria-level="1">Ensure compliance with Fund level operating agreements, analyze post-close waiver requests submitted by Asset Management and make recommendations to VP Fund Management. Coordinate and manage Fund audits, tax returns, and investor K-1 preparations.</li> <li data-leveltext="" data-font="Symbol" data-listid="14" data-list-defn-props="{"335551671":0,"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"hybridMultilevel"}" data-aria-posinset="0" data-aria-level="1">Manage quarterly reporting obligations, investor requests, and annual analyses of Fund reserves.</li> <li data-leveltext="" data-font="Symbol" data-listid="14" data-list-defn-props="{"335551671":0,"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"hybridMultilevel"}" data-aria-posinset="0" data-aria-level="1">Collect, maintain and analyze data for annual Syndicator Assessment reports.</li> <li data-leveltext="" data-font="Symbol" data-listid="14" data-list-defn-props="{"335551671":0,"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"hybridMultilevel"}" data-aria-posinset="0" data-aria-level="1">Collaborate with Asset Management department and manage workflow with support from Berkadia’s Global Production team (remote office in Hyderabad, India). </li> </ul> We Stand for Excellence, so to achieve success in this role you should have: <ul> <li data-leveltext="" data-font="Symbol" data-listid="15" data-list-defn-props="{"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"hybridMultilevel"}" data-aria-posinset="1" data-aria-level="1">Experience in fund/partnership accounting and tax preparation, with LIHTC experience highly desirable; CPA designation preferred.</li> <li data-leveltext="" data-font="Symbol" data-listid="15" data-list-defn-props="{"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"hybridMultilevel"}" data-aria-posinset="1" data-aria-level="1">Strong quantitative and analytical skills, with proficiency in financial modeling and Microsoft Office applications.</li> <li data-leveltext="" data-font="Symbol" data-listid="15" data-list-defn-props="{"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"hybridMultilevel"}" data-aria-posinset="1" data-aria-level="1">High attention to detail and accuracy, with the ability to manage complex financial data effectively.</li> <li data-leveltext="" data-font="Symbol" data-listid="15" data-list-defn-props="{"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"hybridMultilevel"}" data-aria-posinset="1" data-aria-level="1">Excellent communication skills, both written and verbal, to convey information clearly and professionally. </li> <li data-leveltext="" data-font="Symbol" data-listid="15" data-list-defn-props="{"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"hybridMultilevel"}" data-aria-posinset="1" data-aria-level="1">3+ years of experience in a similar position.</li> <li data-leveltext="" data-font="Symbol" data-listid="15" data-list-defn-props="{"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"hybridMultilevel"}" data-aria-posinset="1" data-aria-level="1">Bachelor's degree or equivalent.</li> </ul> We believe People Matter, so we offer benefits that go beyond: <ul> <li>Monthly paid volunteer hours and donation matching to benefit our communities </li> <li>Employee Resource Groups that help you grow with us</li> <li>Fertility and family planning services  </li> <li>Up to 12-weeks of fully paid parental leave   </li> <li>Mental health care, including free counseling sessions:  </li> <li>We'll help you fund your learning journey with generous tuition reimbursement </li> <li>Pet insurance discounts </li> <li>And more! </li> </ul> <iframe src="https://www.youtube.com/embed/Ngxnl8ZzIso" width="560" height="314"></iframe> Be the Next Big Thing. Be Berkadia. #LI-HF1 #LI-REMOTE  <div class="content-conclusion">Berkadia, as an equal opportunity employer, celebrates our employees’ unique differences, which we believe drives personal and company-wide innovation and creates a people-first culture where your career can take the long view. To achieve these goals, we are committed to the full inclusion of all qualified individuals, without regard to race, religion, age, color, national origin, gender, sexual orientation, gender identity or expression, marital status, domestic partner status, military and veteran status, disability, pregnancy, parental status, genetic information, political affiliation, or any other status protected by federal, state and local laws.    In keeping with our commitment, Berkadia takes the necessary steps to provide a workplace free from harassment and discrimination, as well as access and reasonable accommodations for individuals with disabilities. If you require reasonable accommodation to take part in the interview process, please contact <a href="mailto:[email protected].">[email protected].</a> You have rights under Federal and State employment laws. No question in this Application is intended to elicit information in violation of any such law, nor will any information obtained in response to any question be used in violation of any such law. If you apply for this role, you are acknowledging <a href="https://nam10.safelinks.protection.outlook.com/?url=https%3A%2F%2Fberkadia.com%2Fapplication-policy%2F&data=05%7C01%7CJulia.Murphy%40berkadia.com%7C9bfede23d4f142b5386e08db9e58863c%7C066eab4ded6347ab813df489984d83cb%7C0%7C0%7C638277875270778897%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=vFtHl5SdZujmkcDrzBrON0Kb7uj7UA7HKsWOjAMt9HM%3D&reserved=0">Berkadia's Application Policy</a> and <a href="https://nam10.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.berkadia.com%2Fgeneral_page%2Fprivacy-policy%2F&data=05%7C01%7CJulia.Murphy%40berkadia.com%7C9bfede23d4f142b5386e08db9e58863c%7C066eab4ded6347ab813df489984d83cb%7C0%7C0%7C638277875270778897%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=vt0OD0U2RCXk9o3GpS67zdgg%2BoKVLVDwVwgn3dY8obw%3D&reserved=0">Berkadia's Privacy Policy</a>. 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