Managing Director, Asset Management

CREA, LLC is a full-service low-income housing tax credit (LIHTC) syndicator forming long-term relationships with investors and developers that cultivate success and improve lives. With more than 25 years in affordable housing, CREA has raised in excess of $14 billion since inception - resulting in the formation of over 100,000 homes within 1,000+ communities across the country. Thanks to the contribution of over 135 employees, CREA continues to look for talented and passionate individuals who are excited about opportunities to grow with us into the future. 

Physical Presence: In-Office | Tue – Thu; Flexible | Mon & Fri

Open to: Indianapolis, IN

Reports to: President and COO

Position Summary:

The Managing Director, Asset Management, serves as a key member of CREA's senior leadership team and is responsible for the oversight, strategic direction, and performance of CREA's Section 42 LIHTC portfolio. This role provides leadership across portfolio risk management & asset performance, investor relations, compliance oversight, and operational excellence while ensuring alignment with CREA's long-term business objectives.

The Managing Director collaborates closely with executive leadership, investors, developers, and internal stakeholders to drive portfolio strategy, support organizational growth, strengthen risk management practices, and create long-term value for CREA and its investment partners. Additionally, the position is responsible for the leadership and development of the Asset Management team and the Administration & Operations team in Indianapolis.

Key Responsibilities:

Strategic Leadership:

• Serve as a member of CREA's senior leadership team and contribute to company strategy, organizational growth, and portfolio performance.
• Establish the vision, goals, and priorities for the Asset Management department.
• Manage departmental budgets, operating objectives, policies, and procedures.
• Collaborate with executive leadership to align asset management initiatives with business goals.
• Participate in internal committees and strategic decision-making processes.

Portfolio & Risk Management:

• Oversee a national LIHTC portfolio with a focus on performance, compliance, and risk mitigation.
• Lead asset-level strategy, watchlist management, partnership issue resolution, and corrective action planning.
• Monitor portfolio trends and identify operational, financial, regulatory, and market risks.
• Support the achievement of key portfolio performance goals, including asset management fee revenue and deferred acquisition fee collections.
• Ensure compliance with partnership agreements, company policies, and applicable regulations.

Investor & Partner Relations:

• Oversee investor reporting, communications, and capital call processes.
• Build and maintain strong relationships with investors, developers, lenders, property management companies, and industry partners.
• Represent CREA at industry events, conferences, and stakeholder meetings.
• Support the investor consent and partnership administration processes.

Team Leadership:

• Lead, mentor, and develop a high-performing Asset Management team.
• Guide workforce planning, succession planning, onboarding, and professional development efforts.
• Promote collaboration, accountability, and operational excellence across the department.
• Partner with Human Resources on organizational design and talent development initiatives.

Success in This Role:

Success will be measured by the ability to:

• Maintain strong portfolio performance through proactive risk management.
• Deliver accurate and timely investor communications and reporting.
• Reduce and effectively manage watchlist and risk-rated assets.
• Achieve targeted financial and operational objectives.
• Preserve strong stakeholder relationships.
• Build and develop a high-performing team.
• Drive strategic initiatives that support CREA's long-term growth and mission

• Bachelor's degree in Accounting, Finance, Real Estate, or a related business field.
• 10+ years of experience in LIHTC asset management, affordable housing, real estate investment management, syndication, development, public accounting, or a related industry.
• 10+ years of leadership experience managing and developing teams.
• Experience managing complex real estate portfolios and working with investors, developers, lenders, and property management companies.
• Strong knowledge of Section 42 regulations, compliance requirements, partnership agreements, and industry best practices.Advanced proficiency in Microsoft Office, including Excel and Word.
• Exceptional analytical, communication, relationship-building, and problem-solving skills.
• Ability to travel up to 10%.

Preferred:

• MBA or advanced degree in a related discipline.
• CPA, CCIM, HCCP, or other industry designation.
• Experience overseeing institutional real estate investment portfolios.
• Experience with fund management, investor reporting, and capital call administration.
• Demonstrated success leading organizational change and developing future leaders.

Our Values:

• We work as a family, investing in each other, worthy causes, and the communities we serve. 
• We have integrity in all that we do; we embrace differences and treat others with kindness and respect. 
• We believe that, with teamwork, we can accomplish anything and pursue inventive solutions for our clients.