Director of Asset Management

Overview

The National Trust Community Investment Corporation (NTCIC) is a wholly owned subsidiary of the National Trust for Historic Preservation. NTCIC's mission-driven focus includes supporting the preservation-based community development programs and operations of the National Trust. Together with its wholly owned subsidiaries, NT Solar and NT Impact Capital, NTCIC makes transformational impact investments in low-income and disinvested communities. These investments help revitalize historic sites and drive renewable and sustainable energy initiatives through innovative strategies, including private credit impact funds and tax credit equity investments (Historic, New Markets, and Renewable Energy Tax Credits). NTCIC also oversees the activities of National Trust Tours (NTT) and National Trust Insurance Services (NTIS).

Role and Location

Position : Director of Asset Management

Location : Washington, DC; Scottsdale, AZ; or Remote

Salary and Status

Base pay range : $170,000 - $180,000 per year

Salary range : $170,000 - 180,000 annually

Status : Exempt

Responsibilities

• Lead the Asset Management team and support team members with each portfolio through the investment lifecycle from closing through construction, HTCs at placement in service, lease-up, stabilized operations, and exit.
• Oversee and support the collection and review of NMTC investment documentation to ensure NMTC compliance (Substantially-All tests, CDE compliance, AMIS and other CDFI reporting data, QEI and QLICI documentation).
• Understand NTCIC's asset management processes, investor requirements, and project-related deliverables.
• Serve as a liaison with investor asset management departments and as a fiduciary and manager of funds.
• Coordinate investor equity pay-ins and monitor annual priority returns or residual cash flow distributions with developers and investors; review investor return performance and benefit schedules to identify trends and opportunities.
• Collaborate with acquisitions, project management, marketing, legal, asset management, finance, and accounting to ensure efficient asset management execution; support negotiations of pay-in benchmarks and reporting requirements.
• Oversee organization and maintenance of electronic and physical information filing systems, including closing binders, project documentation, reports, and tickler systems.
• Review and update Operational Asset Management Policies & Procedures and Reporting Standards to maintain quality best practices.
• Support resolving investment challenges including construction and operational issues, capital stack compliance, and updated reporting, insurance, and tax information.
• Prepare Monthly & Quarterly Investment & Portfolio AUM Performance & Watch List Reports for investors, senior leadership, and the Board of Directors.
• Oversee annual investment site inspection calendar and site visits; review site inspection reports.
• Oversee hiring, work planning, and performance evaluation of Asset Management team members; make recommendations for bonuses, salary increases, and promotions.
• Commit to protecting and preserving NTCIC's Core Values of Respect, Excellence, Courage, Integrity, Trust, Teamwork, and Empathy and NTCIC's SPIRIT Culture (Sustainability, Purpose, Innovation, Resilience, Inclusion, Togetherness).

Qualifications

Benefits

The National Trust Community Investment Corporation is an equal opportunity employer and does not discriminate based on race, color, religion, national origin, sex (including sexual orientation, gender identity, and pregnancy), age, disability, genetic information, veteran status, or any other characteristic protected by law.

Job Details

Job function : Finance and Sales

Employment type : Full-time

Seniority level : Director

#J-18808-Ljbffr