Asset Manager

Gorman and Company

$68K — $112K *
Real Estate & Construction
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Finance, Accounting, Real Estate, Business, or a related field required.
  • Three or more years of experience in affordable housing with a strong emphasis on portfolio financial analysis, asset performance, or real estate finance.
  • Experience with LIHTC programs and affordable housing financing structures; prior asset management experience preferred.
  • Strong understanding of financial statements, cash flow analysis, budgets, and capital planning.
  • Excellent written and verbal communication skills to interact with investors and executive leadership.
  • Proficiency in Microsoft Excel and financial analysis tools.

Responsibilities

  • Manage financial and operational performance of a portfolio of LIHTC and affordable housing communities.
  • Monitor property financial statements and provide recommendations to improve asset performance.
  • Prepare financial models and portfolio forecasts to support strategic decision-making.
  • Review partnership agreements and regulatory requirements to understand financial obligations.
  • Partner with various departments to maximize asset value and operational success.
  • Assist with refinancing, recapitalizations, and other portfolio transactions.
  • Conduct site visits to evaluate property conditions and compliance with affordable housing requirements.
  • Stay informed on LIHTC regulations and industry trends to support portfolio strategy.

Benefits

  • Hybrid work schedule offering flexibility while collaborating with corporate teams.
  • Discretionary annual bonus opportunity based on individual and company performance.
  • Comprehensive medical, dental, and vision insurance for employees and families.
  • Company-paid short-term and long-term disability, and life insurance.
  • 401(k) with up to a 6% company match to help employees build their future.
  • Generous paid time off starting at 18 days per year plus paid holidays.
  • Paid parental leave and Lifestyle Spending Accounts for well-being.
  • Additional voluntary benefits including pet insurance and gym reimbursement.
Full Job Description
What You'll Do
  • Manage the financial and operational performance of a portfolio of LIHTC and affordable housing communities while representing ownership interests.
  • Monitor property financial statements, cash flow, NOI, operating trends, and key performance metrics, providing recommendations to improve asset performance.
  • Prepare financial models, investment analyses, portfolio forecasts, and return-on-investment reporting to support strategic decision-making.
  • Review partnership agreements, operating agreements, loan documents, and regulatory requirements to understand ownership structures and financial obligations.
  • Partner with Property Management, Development, Accounting, and Compliance to maximize long-term asset value and operational success.
  • Assist with refinancing, recapitalizations, Year 15 planning, investor exits, loan conversions, and other portfolio transactions.
  • Review annual operating budgets, capital improvement plans, reserve balances, and reforecasts while identifying opportunities for operational improvements.
  • Prepare investor, lender, and ownership reporting while maintaining professional relationships with external stakeholders.
  • Conduct site visits throughout the nationwide portfolio to evaluate property conditions, operational performance, and compliance with affordable housing requirements.
  • Stay informed on LIHTC regulations, affordable housing programs, financing opportunities, and industry trends to support portfolio strategy and compliance.
  • Travel throughout the portfolio (approximately 25%), including overnight travel, to support property visits, stakeholder meetings, and strategic initiatives.


What You'll Bring
  • Bachelor's degree in Finance, Accounting, Real Estate, Business, or a related field required.
  • Three or more years of experience in affordable housing with a strong emphasis on portfolio financial analysis, asset performance, or real estate finance.
  • Experience with LIHTC programs and affordable housing financing structures; prior asset management experience is strongly preferred.
  • Strong understanding of financial statements, cash flow analysis, budgets, capital planning, and portfolio performance metrics.
  • Excellent written and verbal communication skills with the ability to confidently interact with investors, lenders, syndicators, and executive leadership.
  • Proficiency in Microsoft Excel and financial analysis tools with exceptional analytical and organizational skills.
  • Valid driver's license and reliable transportation required for regular property visits.
  • Ability to travel nationwide approximately 25%, including overnight travel and occasional evening or weekend work as business needs require.


Compensation & Benefits
  • Competitive salary of $68,000-$112,000 annually, based on experience, qualifications, geographic location, and market conditions.
  • Hybrid work schedule offering flexibility while collaborating with our corporate teams.
  • Discretionary annual bonus opportunity based on individual and company performance.
  • Comprehensive medical, dental, and vision insurance to support you and your family.
  • Company-paid short-term disability, long-term disability, and life insurance.
  • 401(k) with up to a 6% company match to help you build your future.
  • Generous paid time off starting at 18 days per year plus 11½ paid holidays.
  • Paid parental leave and Lifestyle Spending Accounts to support your well-being.
  • Additional voluntary benefits including pet insurance and gym reimbursement.


If you're ready to help maximize the performance of a nationwide affordable housing portfolio while making a meaningful impact on communities across the country, we'd love to hear from you. Apply today!

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