Managing Director, Asset Management (LIHTC)

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 ResponsibilitiesLeadership & Team ManagementCo-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 OwnershipOwn 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 OversightOversee 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 & AdvisoryApply 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 recapitalizationsGeneral partner substitutionsPartnership restructuringsDebt restructuringsSection 42 non‑compliance issuesLegal or strategic remedies as appropriateSupport clients in property and/or partnership interest dispositions.Cross‑Functional & Service DevelopmentCollaborate 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 & ExperienceBachelor’s degree (BA/BS) required15–20+ years of well‑rounded experience in affordable housing asset management, with significant LIHTC focusProven experience leading teams and managing client‑facing engagementsDemonstrated success in senior advisory roles involving investors, lenders, developers, and public agenciesSkills & KnowledgeTechnical & AnalyticalAdvanced Excel skills, including the ability to analyze operating data, investor returns, and portfolio performanceStrong analytical capabilities to proactively resolve operational, financial, and compliance issuesWorking knowledge of partnership accounting related to LIHTC, capital accounts, elections, and investor benefitsLIHTC & Affordable Housing ExpertiseDeep understanding of the affordable housing tax credit industry, particularly the equity side and increasingly the debt sideStrong grasp of real estate, financing, tax, and compliance considerations at the operating partnership levelCommunication & Client ManagementExceptional written communication skills—clear, detailed, persuasive, and well organizedStrong 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 relationshipsExperience responding to client requests through both informal interactions and formal presentationsCore Role CompetenciesPlanning and organizationSound decision makingProblem solvingTeam collaborationStrong customer service orientationAbility to manage multiple priorities effectivelyStrong analytical and writing skillsSelf‑motivation and reliabilityAdaptability in a dynamic, client‑focused environmentLeadership CompetenciesIntegrity and professional judgmentInitiative and accountabilityTrustworthiness and self‑disciplineConflict management and resolutionStrategic problem solvingAbility to lead the creation and implementation of new service offeringsWe’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 GroupEnjoy peace of mind over yours and your family’s health with our medical coverage options and HSA benefitInvest in our competitive 401k plan and help set you up for your futureBig 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 yearFurther 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