Senior Counsel - LIHTC

Description:

Job Description Summary:
Aegon Asset Management (Aegon AM) is a leading global investor. Our 350 investment professionals manage and advise on assets of US $384 billion for a global client base of pension plans, public funds, insurance companies, banks, wealth managers, family offices and foundations.

We organize our firm around four investment platforms: fixed income, real assets, equities and multi-asset & solutions, which includes a fiduciary and multi-manager business. Each investment platform has dedicated teams with deep asset-class expertise, organized globally and committed to maximizing client benefit from their specialist areas.

We are an international business: Our 1,125 employees work from 14 locations across Europe, the Americas and Asia. We share a common belief in fundamental, research-driven active management, underpinned by effective risk management and a commitment to responsible investment.

Position Overview:
The Senior Counsel will work closely with Aegon AM's Low Income Housing Tax Credit (LIHTC) platform, including Production (acquisitions), Fund Management, Asset Management, and Investor Relations teams. With experience as a practicing attorney and equipped with a solid understanding of LIHTC legal matters, the Senior Counsel will work closely with the business teams to review documents, engage with outside counsel and ensure that the legal-related requirements of Aegon Asset Management and its investors are satisfied throughout the lifecycle of the investments. The ideal candidate will also have Commercial Mortgage Loan (CML) experience and be able to provide similar services to the CML platform on occasion. The position works with some supervision.

Job Description:
Responsibilities:

• Review, comment on and negotiate LIHTC documents, including Letters of Intent, Limited Partnership Agreements and Fund Agreements.
• Engage with outside tax counsel, review tax opinions.
• Oversee the legal due diligence process for individual transactions.
• Facilitates closings of upper and lower tier LIHTC transactions.
• Manage post-closing asset management matters which require legal involvement.
• Structure new tax credit funds for syndication.
• Manage the due diligence process for admitting new transactions into funds.
• Respond to investor counsel questions and comments.
• Possesses LIHTC equity subject matter expertise, with some knowledge of corporate law, tax law, commercial mortgage loan and similar real estate transactions and housing tax credit transactions.
• Studies proposed and existing legislation affecting the Company and advises departments concerned.
• Prepares corporate resolutions and forms.
• Guards against legal risks involving the company.
• Work may be reviewed.

Required Qualifications:

• JD degree required.
• State bar admission.
• 4+ years of experience.

Preferred Qualifications:

• 4+ years of LIHTC equity experience.
• Experience with real estate private equity and commercial mortgage loan transactions.
• Ability to provide quality legal services, based on experience, while working in a fast paced environment with little oversight.
• Ability to handle heavy workload in efficient manner. Demonstrate project tracking and prioritization to manage multiple projects with shifting priorities, including status reporting and appropriate follow up.
• Demonstrate sound business judgment in combination with legal analysis.
• Ability to work successfully in a team environment. Able to develop rapport with others and recognize their concerns and adapt to varying customer needs; build and maintain long-term associations based on trust.
• Ability to work well independently, with a remote team.
• Travel occasionally required.
• Strong written and oral communication skills.
• Solid PC skills with proficiency in Microsoft Word and Excel.

Please note that the compensation information that follows is a good faith estimate for this position only and is provided pursuant to applicable pay transparency and compensation posting laws. It is estimated based on what a successful candidate might be paid in certain Company locations.**

The salary for this position generally ranges between $160,000 - $190,000 annually. This range is an estimate, based on potential qualifications and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.

Additionally, the position is typically eligible for an Annual Bonus based on the Company Bonus Plan / Individual Performance and is at the Company's discretion.

For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees.

---