Sponsor Resolution Director

3 days ago

South Townsville, Queensland, Australia Enterprise Community, Inc. Full time

At Enterprise Community, Inc., we are committed to making a good home possible for millions of families without one. As a national nonprofit organization, we support community development organizations on the ground, invest capital for impact, advance housing policy at every level of government, and build and manage communities ourselves.

We have invested $72 billion and created 1 million homes across all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands – all to make home and community places of pride, power, and belonging.

The Sponsor Resolution team in our Asset Management department is responsible for actively managing risks to Sponsors in our national portfolio. This includes conducting Sponsor assessments, monitoring Sponsor health, analytical problem-solving, strategic engagement with stakeholders, and providing exceptional customer service.

Job Description

The Director, Sponsor Resolution will:

  • Manage a portfolio of Sponsor relationships, provide guidance on complex issues, and raise concerns with senior leadership as needed;
  • Conduct Sponsor assessments by attending site visits, reviewing REO, organizational structure, and property management systems, and provide technical assistance;
  • Ensure critical tracking and maintenance of information, including Sponsor assessments and internal/external engagement;
  • Provide guidance and recommendations for the use of sponsor-level Troubled Project Support, Enterprise Workout Loans, and Project Performance Reserves;
  • Coordinate with peers and senior leaders to respond to ad hoc requests and portfolio questions;
  • Oversee a small portfolio of Real Estate Owned (REO) properties where an Enterprise entity has assumed a General Partner interest;
  • Work with Sponsors, funders, and regulatory agencies to find solutions to ongoing problems.

Requirements

To be successful in this role, you will need:

  • A Bachelor's degree or equivalent in Business, Public Policy, Urban Planning, or a related field;
  • 8-12 years of experience in real estate, finance, and/or property management, with LIHTC experience preferred;
  • Extensive knowledge of LIHTC and ability to advise others in LIHTC program regulations;
  • Strong Excel and database skills, with Salesforce experience a plus;
  • Familiarity with various subsidy and grant programs;
  • Strong real estate financial and analytical skills, including underwriting/deal structure, comparative analysis, and audit review;
  • The ability to lead groups of diverse stakeholders through project-level discussions;
  • Strong negotiation skills with demonstrated ability to work through complex issues;
  • Ability to work independently and multi-task with competing deadlines during peak reporting times;
  • Possesses critical thinking skills and strong ethics in interpersonal relations.

Total Rewards

We offer a comprehensive total rewards package, including a salary range of $135,000 to $175,000 per year, depending on skills and experience. Other benefits include dental, health, and vision care plans, family-building benefits, flexible work arrangements, and opportunities for learning and development. We strive to create a better work-life balance and promote employee well-being.

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