Senior Asset Manager

Experienced Asset Management Leader with strong Affordable Housing experience!

This Jobot Job is hosted by: Christine McNamara
Are you a fit? Easy Apply now by clicking the "Quick Apply" button and sending us your resume.
Salary: $150,000 - $190,000 per year

A bit about us:

We are seeking an experienced Senior Asset Manager to oversee a portfolio of affordable housing communities and support the long-term financial, operational, and compliance performance of the assets. This individual will serve as a strategic partner to development, property management, accounting, and executive leadership teams, ensuring properties achieve financial objectives while fulfilling mission-driven housing goals.

The ideal candidate brings substantial experience within LIHTC affordable housing development and asset management, with a strong understanding of multifamily operations, compliance requirements, capital planning, partnership reporting, and property performance optimization. Experience managing assets through development, lease-up, stabilization, and ongoing operations is highly desired.

Why join us?

• Medical, Dental, Vision
• PTO & sick leave
• 401k
• Annual performance bonus
• and much more!

Job Details

Key Responsibilities:

Portfolio Asset Management

• Oversee the financial and operational performance of a diverse portfolio of affordable and workforce housing properties.
• Analyze property-level operating statements, budgets, forecasts, occupancy trends, and key performance indicators.
• Identify opportunities to improve asset value, cash flow, operating efficiency, and resident outcomes.
• Monitor portfolio risks and develop strategic action plans to address underperforming assets.

Affordable Housing Development Support

• Partner closely with development teams throughout the project lifecycle, from pre-development through stabilization.
• Participate in underwriting reviews, financing analyses, and development projections for new affordable housing projects.
• Evaluate development assumptions, operating budgets, reserve requirements, and long-term asset strategies.
• Assist with transitions from construction completion to operational management.

Financial Analysis & Reporting

• Review monthly and quarterly financial reports to assess property performance against budgets and pro forma expectations.
• Prepare portfolio analyses and executive-level reporting for senior leadership, lenders, investors, and ownership entities.
• Monitor debt compliance, partnership agreements, reserve balances, and financial covenants.
• Support refinancing, recapitalization, acquisition, and disposition initiatives.

Compliance & Regulatory Oversight

• Ensure compliance with affordable housing regulations, including LIHTC, HUD, HOME, CDBG, Section 8, and other federal, state, and local programs.
• Partner with compliance and property management teams to address audit findings, physical inspections, and regulatory reporting requirements.
• Monitor affordability restrictions and ensure properties remain in compliance throughout the asset lifecycle.

Capital Planning & Preservation

• Develop and oversee capital improvement plans, rehabilitation strategies, and reserve utilization.
• Coordinate with construction, facilities, and operations teams on major capital projects.
• Support long-term portfolio preservation strategies, including tax credit re-syndications and redevelopment initiatives.

Stakeholder Management

• Serve as a primary liaison to property management companies, development partners, investors, lenders, and public agencies.
• Present asset performance, risks, and strategic recommendations to senior leadership.
• Collaborate cross-functionally with accounting, finance, development, legal, and operations teams.

Required Qualifications

• Bachelor's degree in Finance, Real Estate, Business, Accounting, Urban Planning, or related field.
• 7+ years of experience in affordable housing asset management, real estate development, multifamily finance, or related fields.
• Deep understanding of LIHTC transactions, affordable housing financing structures, and multifamily operations.
• Experience managing affordable housing properties through development, lease-up, stabilization, and ongoing operations.
• Strong financial modeling, budgeting, forecasting, and analytical skills.
• Advanced proficiency in Excel and financial reporting tools.
• Excellent communication and presentation skills.

Preferred Qualifications

• Master's degree in Real Estate, Finance, Urban Planning, Business Administration, or related discipline.
• Experience with tax credit syndicators, housing authorities, and public-private partnerships.
• Background in acquisitions, recapitalizations, re-syndications, or preservation transactions.
• Familiarity with Yardi, RealPage, MRI, or similar property management and reporting systems.
• Experience overseeing portfolios exceeding 1,000 affordable housing units.

Interested in hearing more? Easy Apply now by clicking the "Quick Apply" button.

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