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Job description
Senior Asset Manager - Affordable Housing
Date Posted:
Job Description
Experience: Manager
Salary: $130,000 - $145,000 per year
Job Details
Review monthly property financials, budgets, and variance reports to evaluate portfolio performance.
Monitor property and partnership compliance with LIHTC/Section 42 requirements, partnership agreements, loan documents, and other regulatory requirements.
Analyze property performance, valuations, market trends, and operational results to identify opportunities and risks.
Partner with Development, Construction, and Property Management teams on asset strategy, leasing, financing, and project execution.
Support due diligence for acquisitions, financing, and dispositions.
Lead asset management calls and property visits, identifying issues and developing corrective action plans.
Review and monitor property management, vendor, lease, and other operational contracts.
Assist with insurance claims, tenant-related legal matters, and other property-level issues.
QUALIFICATION
Bachelor’s degree in Real Estate, Finance, Business, or a related field preferred.
3–5 years of multifamily asset management experience, preferably on the General Partner side.
Working knowledge of LIHTC/Section 42 requirements.
Strong financial analysis and quantitative skills.
Understanding of real estate accounting and financial reporting.
Advanced Excel skills and proficiency with Microsoft Office.
Ability to analyze financial statements, leases, contracts, loan documents, and regulatory agreements.
Strong communication, presentation, organization, and problem‑solving skills.
Ability to work independently while partnering effectively across teams.
Experience with Yardi, RealPage, or MRI is a plus.
Approximately 5% travel for property inspections.
A bit about us:
We are a well-established real estate development and investment company with a diverse portfolio of residential communities across multiple markets. Our work spans market-rate, affordable, and specialized residential housing, with expertise throughout the full development lifecycle—from acquisition and financing through construction, operations, and asset management.
Why join us?
Performance Incentive: Annual bonus opportunity tied to individual and company performance.
Paid Time Off: Three weeks of PTO per year, available after the first 30 days.
Flexible Work Options: Hybrid work arrangements available (upon completing training, etc.)
Monthly Allowances: Stipend provided for vehicle and mOur Clientle phone expenses.
Comprehensive Benefits: Medical and additional employee benefits
Retirement Savings: 401(k) plan with an employer match
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Who can apply
Review the original listing for work authorization, qualifications and employer requirements.