Asset Operations Manager Jobs in Midvale, UT (NOW HIRING)

Department Overview

W&D Affordable Equity (formerly Alliant Capital)is a leading tax credit firm focused on tax credit syndication for the development and financing of affordable multifamily rental housing. As a syndicator of Low-Income Housing Tax Credits (LIHTC), W&D Affordable Equity raises corporate equity andmonitorsthe development, construction, lease-up, and permanent financing phases of its investments. With a dedicated team of experienced real estate, asset management, legal, and tax professionals, we provide the highest level of fully integrated real estate and investment support services.

The Impact You Will Have

As a member of WDAE's Asset Management Department, the positionis responsible formaximizing asset values and limiting risk liabilities for the assigned Low Income Housing Tax Credit portfolio. The Asset Manager will manage a portfolio of Affordable Housing developments through the oversight of athird-partymanagement company, site visits, financial review, compliance review, as well asmaintainingrelationships with developer partners. In addition, the Asset Manager will focus on the review and analysis of property level financial data for their portfolio, including annual operating budgets, quarterly financial statements, residual receipts analysis, year-end audited financialstatements,and tax returns. The Asset Manager will alsoassistthe department on special projects related to partnership reporting, strategic workouts and "Year 15"exit strategies. The position requires the ability to apply portfolio analysis and provide in-depth decision-making recommendations to Senior Management.

Primary Responsibilities

• Partner with Acquisitions during underwriting to evaluate projected operating performance, investment assumptions, partnership structures, sponsor and property management capacity, and relevant market data.

• Assess deal structure, risk exposure, and overall investment viability.

• Manage the financial and operational performance of an assigned multifamily LIHTC portfolio.

• Review monthly property management reports and evaluate key performance indicators, including vacancy, delinquencies, turnover, and budget-to-actual variances.

• Analyze annual budgets, quarterly financial statements, audited financials, and K-1 tax returns.

• Monitor construction, lease-up, stabilization, ongoing operations, and compliance with Section 42 and applicable state agency requirements.

• Evaluate and approve equity installment requests, equity adjustments, yield maintenance calculations, and reserve withdrawals within defined authority limits.

• Perform surplus cash calculations and coordinate fee and cash flow distributions.

• Monitor guaranty triggers (completion,operating, and tax credit delivery) and assess guarantor financial capacity.

• Strengthen propertymonitoringand risk management processes, including oversight of third-party property management firms.

• Maintainaccurateand complete portfolio records and internal databases.

• Develop andmaintainstrong relationships with general partners/sponsors and implement asset management strategies to enhance investment value.

• Provide refinancing, disposition, acquisition, restructuring, and workout support for distressed assets.

• Evaluate economic and demographic trends and assess their impact on portfolio performance.

• Prepare investor reports and deliver presentations to investors, clients, and Senior Management.

• Other duties as assigned.

• Attendance isgenerally requiredfrom 8:30 am - 5:30 pm local time, Tuesday through Thursday, with theoptionto work remotely on Mondays and Fridays.

Education and Experience

• Bachelor's degree in Business Administration, Finance, Economics, Accounting, or a related field; equivalent experience considered.

• 5+ years of experience in affordable housing asset management, particularly LIHTC portfolios.

• Strong background in real estate operations, financial analysis, budgeting, reporting, and general accounting.

• Experience managing financial performance across a portfolio of propertiesrequired.

• Workout and restructuring experience strongly preferred.

Knowledge,Skillsand Abilities

• Strong written and verbal communication, presentation, interpersonal, organizational, and negotiation skills.

• Advanced analytical and problem-solving abilities, with strong knowledge of accounting principles and the ability to interpret financial statements and underwriting models.

• Proficiencyin portfolio and investment analysis, including IRR, XIRR, NPV, NOI, cap rates, DSCR, sensitivity analysis, equity installment tracking, yield maintenance calculations, and cash flow distributions.

• Ability to present complex financial and portfolio analysis to Senior Management and collaborate effectively within a broader asset management team.

• Ability to manage multiple priorities in a fast-paced environment while exercising sound judgment andmaintaininga positive, team-oriented approach.

• Strong attention to detail and ability to oversee portfolio data integrity and reporting accuracy.

• Proficiencyin Microsoft Office applications; familiarity with Access, FileMaker, PowerPoint, and Crystal Reports preferred.

• Ability to show ownership of your work, take on challenges and acknowledge growth opportunities, anddemonstratepatience when learning new processes.

• Courtesy, respect, and thoughtfulness in teaming with colleagues and other stakeholders

This position has an estimated base salary of $100,000 - $110,00 plus a discretionary bonus. An employment offer is based on the applicant's relevant work experience, applicable knowledge, skills, abilities, internal equity, and alignment with market data.

We are accepting applications until July 31, 2026.

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