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Vice President | Portfolio Management, Finance

Red Stone Equity Partners LLC • Full-time • Remote (United States) • $110k - $135k / year • 1m ago

Vice President | Portfolio Management, Finance

Location: US

Work Arrangement: Hybrid (Charlotte) or Fully Remote, depending on location

Employment Type: Full-Time

About the Employer

Red Stone Equity Partners is a high-quality real estate financial services company specializing in low-income housing tax credit (LIHTC) equity investments and other affordable housing efforts. Red Stone-managed investment funds acquire interests in affordable multifamily housing communities throughout the United States.

Role Summary

The Vice President of Portfolio Management Finance will oversee a portfolio of Red Stone Tax Credit Funds, including both pre-stable and stabilized long-term assets and a range of 15-20 upper-tier funds. You will ensure investor deadlines are met and that all finance and tax-related documents are adequately reviewed and managed.

What You'll Do

Fund Management

Oversee each fund's books and records, including monthly review of cash activity, review and approval of monthly journal entries, and quarterly financial statement reporting
Monitor and review upcoming and pending capital contribution installments of lower-tier investments, including coordination of internal review and assembly of capital call requests for investors
Ensure timely completion of lower-tier and upper-tier modeling updates to provide up-to-date tax credit projections and IRR calculations for quarterly investor reports
Assist and provide direction to support staff on modeling updates and review completed work to identify and resolve issues independently or with director assistance
Oversee the annual audit and tax return process and manage receipt, review, and approval of lower-tier audits and tax returns
Complete interim requests timely and efficiently
Identify complex issues in lower-tier audits and tax returns, communicate effectively with CPAs, general partners, and portfolio management representatives, and provide resolution
Conduct thorough review of upper-tier audits and tax returns, provide comments to upper-tier CPAs, and ensure final documents are processed timely

Finance Oversight for Portfolio Management

Review tax and finance-related lower-tier documents and communicate with CPAs, general partners, and portfolio management representatives regarding potential issues
Review cost certifications, DSCR and break-even analysis calculations, 50% test reviews, IRS Form 8609s, lower-tier audits and tax returns, first-year credit calculations, and net cash flow calculations
Assist portfolio management representatives with consent requests to be submitted to investors
Update lower-tier modeling for individual scenarios to determine the impact of requests and identify negative impacts from proposed changes
Effectively communicate with lower-tier general partners and portfolio management representatives to seek timely resolution

Relationship Management and Communication

Actively participate in accounting and tax updates relevant to the LIHTC industry to stay current on information
Respond to investor requests timely and thoughtfully on an ongoing basis
Participate on calls with lower-tier general partners to discuss portfolio management matters and provide financial expertise
Provide guidance and assistance to support staff, including analysts and interns
Monitor daily tasks to ensure they are completed timely, thoroughly, and efficiently to meet internal and external deadlines
Review select documents and provide feedback and assistance as needed
Provide on-the-job training to develop technical knowledge and skills
Communicate professionally and effectively with third parties responsible for delivering audits and tax returns

Required Qualifications

BS in Accounting
At least 5 years of experience in public accounting
Experience with affordable housing clients
Excellent Excel and financial modeling skills
Ability to balance competing priorities and tight deadlines
Excellent written and verbal communication skills
Commitment to company core values: Solve Creatively, Take Initiative, People First, Grow Together, and Be Authentic

Preferred Qualifications

CPA certification

Compensation

$110K–$135K plus 20–25% bonus range

Benefits

Full medical, dental, and vision coverage with employer-paid premiums for medical and dental; life insurance; short- and long-term disability; generous PTO and company-paid holidays; healthy lifestyle benefit; parking, transit, and dependent care FSAs; 401(k) with match; parental leave; bereavement leave; 4.5-day workweeks with half-day Fridays; ongoing learning and development; combination of remote and office work.

How to Apply

To apply, please send your resume to careers@rsequity.com with "VP-PMF" in the subject line. Visit https://rsequity.com to learn more about the company, team, and culture.