WNC

• Oversee a portfolio of approximately 65 stabilized LIHTC properties • Oversee, analyze, and report on financial performance • Monitor budgets (compared to actuals) and review occupancy levels (rent rolls) as necessary • Monitor overall operational performance of regional portfolio and communicate progress and issues • Evaluate property management performance as required • Conduct all necessary annual site visits • Work closely with third party property managers and leasing agents • Maximize total return for each assigned asset • Evaluate and monitor LIHTC compliance and other risk factors quarterly • Review partnership agreements, regulatory agreements, and financing documents • Review year-end financial audits for respective LIHTC partnerships • Analyze quarterly and annual property performance compared to budget and underwriting • Ascertain and work to resolve issues through collaboration with general partners, property managers, internal committees, lenders, and governmental/regulatory entities • Forecast and analyze benefit streams of lower tier partnerships for Fund Management and Accounting • Monitor reserve balances and oversee requests for release of replacement and operating reserves • Review and process investor capital calls and lower tier capital contributions • Complete a monthly report for concern properties determined to be at risk • Develop and distribute periodic asset management reports to investors, consultants, and other partners • Complete ad hoc assignments and/or projects required by the Asset Management Department