Hi all. I recently transitioned from big 4 (auditing) to Consulting/Technical role on the investment accounting policy team of a large insurance company. Currently i am primarily responsible for technical accounting for PE/HF/Tax Credit deals. There is an opening on Tax Credit team for an analyst position where i would be reporting directly to the guy in charge of the portfolio (job summary and description below). I am most likely moving to NY in about 12 months, and tried to research if there was a demand for tax credits professionals, but could not find anything right away.
Any thoughts on possible transitions or progression if i would pursue this opportunity?
Thank you!
Job Summary: Responsible for managing a portfolio of tax credit investments (LIHTC, historic, state & multi-investor) including relationship management, management reporting, fund management, investor relations, and highly detailed financial & real estate analysis.
Specific responsibilities are as follows:
1. Manage partner relationships with Managing Members, Syndicators, and/or Asset Managers to drive positive
investment performance.
2. Perform investment site visits, partner office visits, and sometimes weekly telephone touch base meetings with
investment partners.
3. Responsible for risk rating the assigned portfolio.
4. Diagnose adverse risk investment attributes and aid in determining and implementing work out plans.
5. Prepare recommendations to management on investor requests, work outs and related strategies.
6. Perform and/or supervise financial and real estate analysis including financial modeling work.
7. Collaborate with the internal underwriting team and external partners, accountants, forecasting teams.
8. Present and report upon the portfolio, investment performance, and forecast.
9. Conduct risk, research, market and portfolio surveillance.
10. Responsible for continuous improvement, improving efficiencies, and process management.
11. Assist with the training and staff development.
12. Perform other duties as assigned.
In my experience, not a ton of progression from an asset mgmt position other than vp/svp. You will gain knowledge of the entire cycle (development to disposition) in AM that will help should you decide to go in one of those directions. The TC space is small and unique compared to other types of CRE.
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