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Associate Director Community Investments
Transamerica US
San Francisco, CA, United States
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Job Family
Community Investment
Job Description Summary
Company Overview:
This position will be with AEGON Asset Management, the organization which oversees asset management for many of Transamerica's insurance and operating companies as well as third party clients. The global AEGON Asset Management organization has operations in Europe, the United States and Asia. Primary offices in the United States are located in Cedar Rapids, IA, Chicago, IL and Baltimore, MD. AEGON Asset Management and Transamerica are both part of the AEGON NV group of companies. The legal entities that comprise AEGON Asset Management US are AEGON USA Realty Advisors, LLC and AEGON USA Investment Management, LLC. AEGON USA Realty Advisors, LLC manages commercial real estate, commercial mortgage loans and other real estate related investments. AEGONUSA Investment Management, LLC, is a registered investment adviser that manages fixed income assets, including public bonds, private placements, derivatives and alternative investments.
Position Overview:
The Senior Associate Director will assist the Community Investments Group by originating, structuring, negotiating, underwriting and closing tax credit transactions. The Senior Associate Director will identify and ensure that the core benefits and risks of a proposed investment align with the company’s investment criteria and based on that analysis will prepare and recommend the investment to Aegon’s Real Estate Investment Committee. It is expected that the Senior Associate Director will be able to perform many of the core responsibilities, identified below, with minimal supervision. The Senior Associate Director will also be responsible (on a limited basis) to develop new business opportunities with developers and manage client relationships in a professional manner.
Responsibilities:
• Assess possible risks in a transaction and make recommendations on how to mitigate risk to Aegon and investors.
• Make sound investment recommendations and present the investment to the real estate investment committee for approval
• Preparing investment committee packages
• Financial modeling and identifying any tax related issues with the financial projections
• Researching and evaluating market data, which may require travel to review comparable real estate sites in market and performing site visits on project and site visits on developer’s existing projects
• Review of investment committee packages
• Coordination with internal and external consultants on due diligence reviews
• Collecting and reviewing project-specific documentation and working with internal and external counsel to achieve a timely close
• Provide project information to junior staff for Salesforce database input
• Work with and provide information as needed to Aegon’s Distribution and Client Management group and respond to investor inquiries as necessary
• Training, assigning tasks and managing work product of junior staff
Required Qualifications:
• Undergraduate or graduate degree with an emphasis in finance, accounting, mathematics, real estate, business and/or economics
• Six (6) to eight (8) years of work experience in real estate with a focus on multifamily housing, preferably with a financial institution, private equity firm or a low income housing tax credit syndicator
• Strong working knowledge of Excel and Word
• Strong communication, interpersonal and organizational skills
• Ability to exercise sound and independent judgment and work independently
• Ability to travel
Job and compensation levels depend upon an applicant’s qualifications including the extent of his/her relevant experience and other job related factors and will be determined by hiring supervisors/managers and HR.
Why Work for Us
Total Rewards at Transamerica: It’s more than a paycheck.
Our comprehensive Total Rewards package is designed to help support you in many ways — throughout all stages of your life and career. We provide a competitive, market-driven program that encompasses base compensation, bonus potential, retirement, health and wellness benefits, learning and development opportunities, plus great employee perks. All designed with you in mind… to help you live your best life, grow personally and professionally - and feel valued for the work you do.
Learn more about our Total Rewards Package.
Equal Opportunity Employer:
Transamerica Life Insurance Company is an Equal Employment Opportunity employer and does not discriminate against any applicant or employee because of age, religion, sex, gender identity, genetic information, race, color, national origin, pregnancy, sexual orientation, marital status, participation in the uniformed services (e.g. U.S. Armed Forces, National Guard), physical or mental disability, or any other status protected by federal, state, or local equal employment opportunities laws.
Applicants with physical or mental disabilities may be entitled to a form of reasonable accommodation under the Americans with Disabilities Act and certain state and local laws. A reasonable accommodation is a change in the way things are normally done which will insure equal employment opportunity without imposing undue hardship on the Transamerica Companies.
Ontario Applicants:
Our Company is committed to providing accessibility to those with disabilities in a manner that is consistent with the principles of independence, dignity, integration and equality of opportunity, that is in compliance with the Accessibility for Ontarians with Disabilities Act 2005 ("AODA").