Commercial Real Estate Asset Manager

Bank of America

Member of the Asset Management Team at Bank of America overseeing a Direct LIHTC Portfolio. Collaborating closely with deal team members during the closing of equity Investment opportunities.

Posted 6/18/2026full-timeBoston • California, Maryland, Massachusetts, New Jersey, New York, Washington • 🇺🇸 United StatesMid-LevelSenior💰 $88,000 - $131,000 per yearWebsite

About the role

Key responsibilities & impact

Proactively identify, assess, classify, and mitigate asset-level risks across the portfolio
Monitor performance trends and intervene as needed to protect asset value and investor returns
Maintain appropriate risk ratings and ensure timely escalation of issues
Oversee assets through the full lifecycle, with a focus on development, conversion, and stabilization phase
Monitor construction progress, lease-up performance, and achievement of underwriting targets
Coordinate with sponsors and internal stakeholders to address delays, cost overruns, or operational issues
Conduct site inspections in accordance with asset risk classifications
Prepare detailed semi-annual Watched Asset Reports and present findings in portfolio review meetings
Maintain accurate, up-to-date asset data in internal systems (e.g., CARMA, EDR) in coordination with WCAAs
Analyze, structure, and negotiate capital transactions, including refinancings, Year 15 dispositions and early exits and recapitalizations
Prepare stay/leave analyses to inform investor decision-making
Analyze and negotiate partnership amendments in coordination with legal counsel
Evaluate and process waiver requests, ensuring alignment with risk and policy considerations
Partner with General Partners (GPs) and consultants to resolve compliance issues
Review and analyze K-1s, partnership tax returns, and audited financial statements in accordance with internal policies
Prepare tax return and audit review checklists for each investment
Ensure adherence to LIHTC regulatory requirements and benefit schedules

Requirements

What you’ll need

3+ years of experience in real estate asset management, preferably within LIHTC or affordable housing
Strong financial analysis skills, including proficiency in real estate modeling and pro forma development
Solid understanding of Real estate financial statement, Partnership capital accounts, Tax returns, K-1s and audits
Knowledge of LIHTC program structures and benefit schedules
Demonstrated ability to identify and resolve compliance issues
Completion of at least one LIHTC compliance training/course

Benefits

Comp & perks

Industry-leading benefits
Access to paid time off
Resources and support for employees
Contributions to sustainable growth

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills & Tools

financial analysisreal estate modelingpro forma developmentasset risk classificationcapital transactions negotiationwaiver request evaluationK-1 analysispartnership tax returns reviewaudited financial statements analysisLIHTC compliance

Soft Skills

problem-solvingcommunicationstakeholder coordinationanalytical thinkingpresentation skillsattention to detailproactive identification of risksnegotiationcollaborationdecision-making

Certifications

LIHTC compliance training