Asset Manager

Position Summary:

The Asset Manager oversees the day-to-day operational performance of assigned properties and third-party property management partners. Acting in the best interest of the organization, this role focuses on execution, monitoring, and issue resolution to ensure properties operate in compliance with organizational standards, regulatory requirements, and approved budgets.

This position is hands-on in operational oversight and serves as a key point of contact for property management teams, while escalating strategic, high-risk, or portfolio-level issues.

Essential Functions:

Operational Performance Support

• Monitor leasing, occupancy, rent collections, turnover, resident services, and maintenance performance across assigned properties.
• Provide direction and support to property management teams to ensure operational standards are met.
• Identify operational issues and escalate material risks or recurring challenges.

Financial & Budget Execution

• Review monthly financial statements, variance reports, and forecasts; flag concerns and recommend corrective actions.
• Support preparation and execution of property operating budgets and reforecasts.
• Monitor use of operating and replacement reserves in alignment with approved plans.

Compliance & Risk Monitoring

• Assist in ensuring compliance with regulatory, investor, and lender requirements, including LIHTC and other housing program rules as applicable.
• Track audits, inspections, and compliance deadlines; support corrective action plans when deficiencies arise.
• Escalate compliance risks and unresolved findings.

Maintenance & Physical Asset Monitoring

• Monitor property condition, work order completion, preventive maintenance programs, and capital repair progress.
• Support oversight of unit turns, inspections, and vendor performance.
• Report physical or life-safety concerns promptly and support resolution efforts.

Property Management & Vendor Coordination

• Serve as a day-to-day operational contact for property management teams and vendors.
• Monitor performance against contracts and scopes of work; elevate concerns or recommendations to senior leadership.
• Support onboarding or transitions of property management teams as directed.

Reporting & Communication

• Prepare and distribute regular operational performance reports and dashboards.
• Communicate property-level updates, risks, and action items to the leadership team.
• Support presentations and reporting for internal leadership and external partners as requested.

Competencies:

• Proficient in affordable housing programs, LIHTC regulations, compliance monitoring and property management.
• Effective relationship management skills with investors, developers, and property managers.
• Strategic thinker capable of identifying long-term opportunities for portfolio growth and value enhancement.
• Excellent written and verbal communication skills for collaborating with cross-functional teams and leadership.
• Ability to manage multiple tasks and meet tight deadlines.
• Proficiency in Smartsheet, Microsoft Excel, and Outlook, Onesight, Yardi, or any other property management platforms.
• Ability to identify risks and implement policies to maintain compliance.

Qualifications:

• Bachelor’s degree in Real Estate/Property Management/Business or a related field is desired; equivalent work experience may be considered in lieu of a degree.
• Minimum of 2 years of experience overseeing property management, affordable housing, LIHTC regulations, and compliance monitoring.
• Professional certification in an industry accredited program (CPM, HCCP, NAHP, etc.) is preferred.

About Company:

Founded in 1997, The Marian Group is a full-service real estate development and construction management firm based in Louisville, KY. The company's offerings include extensive expertise across product lines with a concentration on affordable and market-rate multifamily development. The Marian Group exists to generate an outsized return on capital for its investors and to benefit people, neighborhoods and the larger community via impactful investment projects.

Marian is a company devoted to three things: People, Neighborhoods and Community. This means every project we touch has to impact the lives of those it serves and spark positive change for the community as a whole. That's what sets us apart and gets us up in the morning. We're a team of thinkers, developers, and builders that lives in the communities in which we work. Our mission is to create quality living options for our residents, and we strive to make sure every project we undertake embodies our Core Values: Purpose Driven, Innovative, Compassion & Team-Work.

At Marian, we believe that our people are our greatest asset. We are committed to creating a supportive and inclusive environment where every individual can thrive, grow, and make meaningful contributions. Our comprehensive benefit package reflects this commitment. We are proud to offer all of our Full-Time employees the below benefits:

• Health Insurance: Medical, Dental & Vision
• Company paid Life Insurance
• Company paid Short & Long Term Disability Insurance
• 401K Plan
• Paid Time Off
• Paid Holidays
• Company Shutdown between Christmas Eve and New Years Day
• In-house Gym
• Professional Development Opportunities
• Employee Assistance Program

The Marian Group is an Equal Opportunity Employer. We are committed to the policy of providing equal employment opportunities for training, compensation, transfer, promotion, and other aspects of employment for all qualified applicants and employees without regard to sex, race, color, religion, national origin, age, disability, sexual orientation, gender identity, or veteran status.

If you are unable to complete this application due to a disability, contact The Marian Group at 502-297-8130 to ask for an accommodation, alternative application process or other inquires.