Fund Manager (Real Estate Funds) Job in Boston 02110, Massachusetts Us
Boston Financial Investment Management, LP (BFIM) is one of the largest multi-family investment managers of low-income housing in the U.S. The firm specializes in low-income housing tax credit investment syndication and asset management. The company recently ranked #3 in the NMHC 50, the National Multi Housing Council’s authoritative ranking of the nation’s 50 top apartment owners.
The Fund Manager is a seasoned professional who will 1) manage BFIM’s efforts to deliver the investment objectives of each fund to its investors, 2) manage and nurture internal and external client relationships and expectations and 3) develop and implement strategies to manage risk on the fund and corporate levels, while maximizing fund profitability and sustainability.
Position responsibilities include, but are not limited to the following:
Key Responsibilities:
- Develop the Annual Business Plan for each fund, which includes identifying and recommending Risk Mitigation strategies, managing corporate profitability targets and meeting investor goals. The Fund Manager directs efforts by BFIM colleagues to enact those plans and works closely with senior management as plans are put into place.
- Manage the fund level reserves to protect the investors’ investments and to promote fund sustainability through its investment period. This process includes making recommendations to senior management with respect to fund and corporate strategy on the use of fund reserves which materially impact fund sustainability and/or corporate revenues.
- Manage fund investment results: Review long-term projections of tax credits, tax losses and cash distributions on the fund level, which are incorporated into each fund’s IRR analysis. Work with Asset Management to ensure that property level performance maximizes returns to the funds.
- Provide superior customer service to investors including participating in the quarterly, annual and tax reporting cycles, answering questions regarding all aspects of a fund’s performance and the investor’s specific investment results.
- Plan and execute investor due diligence meetings, portfolio reviews, and other client presentations
Minimum Requirements:
- Bachelor's degree in Finance
- 6 years related real estate fund management experience
- Superior verbal and written communication skills
- Proficient in financial analysis and spreadsheet modeling in MS Excel
- Ability to thrive in a collaborative, team-based, sales-oriented (i.e. fast-paced) environment—pitching in wherever needed to achieve Team objectives.
- Demonstrate ability to think critically and creative problem-solving
- Attention to detail
- Proven leadership skills
- An ability to balance multiple projects and communicate effectively with internal and external clients and senior management
Desired Experience:
- MBA or Master’s degree in Finance
- Experience in LIHTC industry
We are always interested in speaking with qualified candidates. Please apply directly at http://www.bfim.com/careers.aspx
Local candidates will be prioritized. Please no agency calls.