Asset Manager - LIHTC

Asset Manager – Affordable Housing / LIHTC

An established Affordable Housing Developer is seeking an experienced Asset Manager to oversee the financial and operational performance of its portfolio. This individual will play an important role in monitoring property performance, ensuring compliance with affordable housing requirements, and working closely with property management teams and other stakeholders to maximize the long-term performance of the portfolio. This is an opportunity for a hands-on professional with affordable housing and Low-Income Housing Tax Credit (LIHTC) experience to take ownership of portfolio responsibilities within a well-established organization.

Responsibilities:

• Monitor the financial and operational performance of an assigned portfolio of affordable housing properties.
• Review property-level financial statements, operating budgets, cash flow, occupancy, expenses and NOI.
• Identify performance issues, assess risks and develop recommendations to improve property operations and financial results.
• Monitor compliance with LIHTC regulations, partnership agreements, regulatory requirements and applicable affordability restrictions.
• Work closely with property management companies to address operational challenges, improve performance and ensure adherence to established budgets.
• Prepare financial analyses, portfolio reports, variance analyses and updates for senior management.
• Oversee capital improvement planning, major repairs and other property-related expenditures.
• Coordinate with internal teams, investors, lenders, government agencies and other external stakeholders as needed.
• Monitor property performance against financial projections and identify potential risks to long-term asset value.

Qualifications:

• Bachelor's degree in Finance, Accounting, Real Estate, Business or a related field.
• 4–5+ years of experience in affordable housing asset management, LIHTC portfolio management or a closely related field.
• Working knowledge of Low-Income Housing Tax Credit (LIHTC) programs, compliance requirements and affordable housing regulations.
• Strong financial analysis skills, including the ability to review financial statements, operating budgets and property-level performance.
• Experience working with property management companies and monitoring multifamily property operations.
• Strong organizational, analytical and communication skills.
• Ability to manage multiple properties and priorities independently.