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Commercial Real Estate Asset Manager at Bank of America.
Oversee a LIHTC portfolio, manage capital transactions, and ensure regulatory compliance.
Job Description
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.
We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role‑specific responsibilities and business needs.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description
Member of the Asset Management Team. Works in a team environment collaborating closely with the deal team members during the closing of equity Investment opportunities. Will maintain a continuing role in the Asset Management and performance monitoring of all active Investments.
Responsible for the oversight and management of a Direct LIHTC (Low Income Housing Tax Credit) Portfolio. The Portfolio will be a combination of Development and Stabilized Investments and will include analyzing and negotiating all Capital Transactions such as Refinancing and Year 15 Dispositions. Analyze, negotiate and work with Counsel on Partnership Amendments. Collaborate with General Partners/Consultants on Compliance issues.
Responsibilities
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
Required Qualifications
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
Desired Qualifications
Bachelor’s degree (BA/BS) in Finance, Real Estate, Accounting, or a related field
Skills
Business Acumen
Loan Structuring
Product Management
Risk Management
Coaching
Consulting
Decision Making
Influence
Result Orientation
Credit Documentation Requirements
Portfolio Analysis
Regulatory Compliance
Stakeholder Management
Underwriting
Minimum Education Requirement
High School Diploma / GED / Secondary School or equivalent
Shift
1st shift (United States of America)
Hours Per Week
40