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. This role is responsible for ensuring investor deadlines are met and that all finance and tax-related documents are adequately reviewed.

What You'll Do

Fund Management

Oversee each fund's books and records, including monthly reviews of cash activity, journal entries, and quarterly financial statement reporting
Monitor and review upcoming capital contribution installments, coordinate internal reviews, and assemble capital call requests for investors
Ensure timely completion of lower-tier and upper-tier modeling updates for tax credit projections and IRR calculations in quarterly investor reports
Assist and provide direction to support staff on modeling updates and review their work for accuracy
Oversee the annual audit and tax return process for lower-tier and upper-tier funds
Manage receipt, review, and approval of lower-tier audits and tax returns to ensure upper-tier deliverables are completed on time
Identify complex issues in audits and tax returns, communicate with CPAs and general partners, and provide resolution independently or with director assistance
Thoroughly review upper-tier audits and tax returns, provide comments to CPAs, and ensure timely processing upon approval
Complete interim requests timely and efficiently

Finance Oversight for Portfolio Management

Review tax and finance-related lower-tier documents and communicate with CPAs, general partners, and property managers 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
Identify issues and provide solutions that will not negatively impact lower-tier funds or investors, with director assistance as needed
Assist property managers with consent requests to be submitted to investors
Update lower-tier modeling for individual scenarios to determine the impact of requests
Identify negative impacts resulting from proposed changes and seek resolution beneficial to lower-tier funds and investors
Communicate questions and concerns with lower-tier general partners and property managers in a timely manner

Relationship Management and Communication

Actively participate in accounting and tax updates relevant to the LIHTC industry
Respond to investor requests timely and thoughtfully
Participate in 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

$110,000–$135,000 plus 20–25% bonus

Benefits

Full medical, dental, and vision coverage with premiums covered 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; combination of remote and office work; ongoing learning and development; 401(k) with match; parental leave; bereavement leave; 4.5-day workweeks with half-day Fridays.

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.

Equal Opportunity Statement

Red Stone Equity Partners LLC is proud to be an Equal Opportunity Employer.

Red Stone Equity Partners LLC jobs

VP | Portfolio Management, Finance