National Equity Fund, Inc.

Director

• Lead the assessment and resolution of at-risk assets by evaluating financial performance, identifying portfolio risks, and developing strategies that support long-term property success while mitigating impacts to NEF and its stakeholders.
• Direct the activities of asset resolution vice presidents, directors, and staff.
• In partnership with Regional Asset Managing Directors, evaluate and develop workout scenarios for investment properties.
• Conduct or supervise reviews of asset financials and the organizational capabilities and management systems of properties, sponsors, and property managers to ensure they can meet Section 42 and other regulatory obligations.
• Analyze the cash flow and tax credit implications of available alternatives.
• Assume direct responsibility for workout activities on more challenging projects, as appropriate.
• Direct vice presidents, directors, and staff in executing successful disposition strategies consistent with NEF standards, philosophy, and fund offering requirements.
• Demonstrate knowledge of Year 15 disposition strategies, including partner/member purchase options, right of first refusal, and third-party real estate sales, and understand how each affects the partnership or company.
• Evaluate project performance, assign risk ratings based on NEF criteria, and implement action plans to mitigate risks and safeguard tax credit benefits and investor reporting obligations.
• Prepare and present workout requests for board or committee approval.
• Participate in negotiations with general partners, lenders and other parties to the transaction.
• Follow workout through closing and implementation.
• In conjunction with regional asset Managing Directors and Asset Managers, assist in the coordination and review of quarterly watch list evaluations and the auditing of analysis used for watch list ratings.
• Participate and present in the bi-annual watch list meetings.
• Oversee the preparation and presentation of accurate, timely portfolio reports and analyses for internal and external stakeholders, including special requests from the Head of Portfolio Management and Asset Resolution.
• May manage and oversee real estate owned (REO) properties when NEF assumes a general partner interest to protect tenants’ housing and investor interests.
• Respond to investor inquiries through coordination with Investor Relations Team and participate in investor due diligence meetings as required.
• Supervise the work of vice presidents, directors, managers, analysts, consultant(s) and temporary staff as required.
• Perform other assignments as required by the Head of Portfolio Management and Asset Resolution.

Managing Director – Asset Resolution and Dispositions