Managing Director, Asset Management - LIHTC

Job description

The Managing Director of Asset Management – LIHTC is a senior leadership role responsible for co-leading a team of approximately 14 Asset Management professionals and ensuring the successful delivery of asset management, consulting, and transaction support services to MRI’s affordable housing clients. This role holds full accountability for client engagement success from both a service delivery and revenue/EBITDA perspective. The Director leads cross‑functional teams to protect and enhance asset value—maximizing tax benefits, cash flow, and long‑term performance—while serving as a senior advisor to clients, investors, lenders, and other key stakeholders. Key Responsibilities Leadership & Team Management Co-Lead, develop, and mentor a high‑performing Asset Management team of approximately 14 professionals. Establish performance expectations, drive accountability, and support professional growth and succession planning. Foster collaboration across asset management, consulting, training, and transaction support teams. Client Engagement & Revenue Ownership Own the overall success of client engagements, ensuring high levels of client satisfaction, retention, and growth. Maintain accountability for engagement economics, including revenue growth, margin, and EBITDA performance. Serve as a senior relationship manager for key clients, building trusted advisor relationships with executive‑level stakeholders. Asset & Portfolio Oversight Oversee asset management activities designed to preserve and enhance asset value for LIHTC portfolios, including both tax benefits and cash flow . Provide strategic oversight of property operations, compliance, financial performance, and risk mitigation. Develop and implement proactive strategies to address operational, financial, and compliance challenges. LIHTC Expertise & Advisory Apply deep knowledge of LIHTC partnership structures, equity, and financing, with growing emphasis on debt structures. Review and interpret partnership agreements, loan documents, workout agreements, and other legal/financial documents. Provide recommendations related to: Refinancing and recapitalizations General partner substitutions Partnership restructurings Debt restructurings Section 42 non‑compliance issues Legal or strategic remedies as appropriate Support clients in property and/or partnership interest dispositions. Cross‑Functional & Service Development Collaborate with cross‑functional teams to deliver asset management, training, consulting, and transaction support services. Participate in the development, evolution, and enhancement of MRI’s service offerings to meet changing client needs. Contribute to new product and service line creation related to affordable housing asset management. Education & Experience Bachelor’s degree (BA/BS) required 15–20+ years of well‑rounded experience in affordable housing asset management, with significant LIHTC focus Proven experience leading teams and managing client‑facing engagements Demonstrated success in senior advisory roles involving investors, lenders, developers, and public agencies Skills & Knowledge Technical & Analytical Advanced Excel skills, including the ability to analyze operating data, investor returns, and portfolio performance Strong analytical capabilities to proactively resolve operational, financial, and compliance issues Working knowledge of partnership accounting related to LIHTC, capital accounts, elections, and investor benefits LIHTC & Affordable Housing Expertise Deep understanding of the affordable housing tax credit industry, particularly the equity side and increasingly the debt side Strong grasp of real estate, financing, tax, and compliance considerations at the operating partnership level Communication & Client Management Exceptional written communication skills—clear, detailed, persuasive, and well organized Strong verbal communication skills with the ability to present to diverse audiences, including internal teams, clients, investors, and industry professionals (in person, via Teams, and by phone) Proven ability to build trust with senior client stakeholders and manage complex client relationships Experience responding to client requests through both informal interactions and formal presentations Core Role Competencies Planning and organization Sound decision making Problem solving Team collaboration Strong customer service orientation Ability to manage multiple priorities effectively Strong analytical and writing skills Self‑motivation and reliability Adaptability in a dynamic, client‑focused environment Leadership Competencies Integrity and professional judgment Initiative and accountability Trustworthiness and self‑discipline Conflict management and resolution Strategic problem solving Ability to lead the creation and implementation of new service offerings We’re obsessed with making this the best job you’ve ever had! We want our teams to love working here, so we’ve created some incredible perks for you to enjoy: Join our employee-led groups to maximize your experience at work such as our Diversity, Equity and Inclusion committee, employee resource groups such as Women and Allies, and our Pride Event Group Enjoy peace of mind over yours and your family’s health with our medical coverage options and HSA benefit Invest in our competitive 401k plan and help set you up for your future Big on family? So are we! We understand family is important and being able to spend quality time with your family is a wonderful experience. Our Parental Leave Program is designed to give you the opportunity to spend even more time with your new arrival(s) Enjoy a fantastic work-life balance with 20 days PTO plus observed Holidays, plus 15 hours of ‘Flexi’ time a year Further your professional development and growth with our generous Tuition Reimbursement offerings Enjoy the flexibility of working from anywhere in the world for two weeks out of the year About Us From the day we opened our doors, MRI Software has built flexible, game-changing real estate software that powers thriving communities and helps make the world a better place to live, work and play. Fulfilling that mission is only possible because of one thing: exceptional people. People like you! Our people-first approach to PropTech is defining a new industry standard for client experiences that, quite frankly, can’t be duplicated. Experiences that deliver real value every day. And we know those experiences begin with our people. We believe MRI is more than just a workplace; it’s a connected community of people who truly feel they belong. Whether we’re investing in employee resource groups or providing tailored resources for each person to reach their full potential, we’re passionate about creating a work environment that makes you excited to show up every single day. At MRI, one of our core values is to strive to amaze. From the intelligent solutions we create to the culture we cultivate, that’s our goal every day. Because that’s what industry leaders do. Whether you’re joining as a new Pride member or rejoining us after a short time away, your talent is vital to us, our partners and our clients. Amazing growth requires amazing employees. Are you up to the challenge? We know confidence gap and imposter syndrome can get in the way of meeting remarkable candidates, so please don’t hesitate to apply. We’d love to hear from you! MRI is proud to be an inclusive employer. We welcome and celebrate diversity across all backgrounds, including ethnicity, religion, sexual orientation, gender identity, disability, age, military, veteran status and more. We believe that Belonging is a direct result of Diversity, Equity, and Inclusion. Those values are woven into the fabric of who we are and are foundational to our continued success. Come and see for yourself!