Senior Asset Manager

Gorman and Company

$95K — $160K *
Real Estate & Construction
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Finance, Accounting, Real Estate, Business, or a related field required; advanced degree or professional designation is a plus.
  • Seven or more years of progressive asset management experience with multifamily real estate, particularly in LIHTC and affordable housing portfolios.
  • Experience working with developers, investors, lenders, and institutional real estate organizations, understanding complex ownership structures.
  • Strong knowledge of LIHTC compliance, regulatory requirements, and affordable housing financing programs.
  • Excellent executive-level communication and relationship-building skills for collaboration with various stakeholders.
  • Highly analytical; skilled in interpreting complex financial information to inform strategic decisions.
  • Advanced proficiency in Microsoft Excel and financial analysis tools.

Responsibilities

  • Lead the asset management strategy for a nationwide portfolio of affordable housing communities.
  • Evaluate property financial statements and key performance metrics to identify risks and opportunities.
  • Develop and maintain financial models and portfolio forecasts for strategic decision-making.
  • Review and analyze development agreements and loan documents to comprehend deal structures.
  • Coordinate refinancing, recapitalization, and acquisition strategies through closing processes.
  • Collaborate with various departments to maximize asset value throughout property lifecycles.
  • Prepare and present detailed performance reports and strategic recommendations to stakeholders.

Benefits

  • Discretionary annual bonus opportunity based on performance.
  • Comprehensive medical, dental, and vision insurance for employees and their families.
  • Company-paid short-term and long-term disability, and life insurance.
  • 401(k) plan with up to a 6% company match for retirement savings.
  • Generous paid time off starting at 18 days per year plus 11½ paid holidays.
  • Paid parental leave and Lifestyle Spending Accounts for well-being support.
  • Voluntary benefits including pet insurance and gym reimbursement.
Full Job Description
Join our team as a Senior Asset Manager!

This role can be based in our Oregon, Wisconsin; Phoenix, Arizona; or Denver, Colorado offices and offers a hybrid work schedule. You'll serve as a key representative of ownership, overseeing the financial performance, long-term strategy, and regulatory compliance of a nationwide affordable housing portfolio while partnering closely with executive leadership, investors, lenders, and internal teams.

What You'll Do
  • Lead the asset management strategy for a nationwide portfolio of affordable housing communities, ensuring long-term financial performance and ownership objectives are achieved.
  • Evaluate property financial statements, operating trends, cash flow, NOI, debt coverage, and key performance metrics to identify risks and opportunities.
  • Develop and maintain complex financial models, investment analyses, and portfolio forecasts to support strategic decision-making.
  • Review and analyze development proformas, partnership agreements, loan documents, and operating agreements to understand deal structures, tax implications, and investor requirements.
  • Lead refinancing, recapitalization, Year 15, investor exit, disposition, and acquisition strategies while coordinating transactions through closing.
  • Partner with Development, Property Management, Accounting, Compliance, and Executive Leadership to maximize asset value throughout each property's lifecycle.
  • Review annual operating budgets, capital improvement plans, reserve analyses, and long-term capital planning recommendations.
  • Monitor compliance with LIHTC requirements, lender covenants, regulatory agreements, and investor reporting obligations.
  • Prepare and present portfolio performance reports, financial analyses, and strategic recommendations to executive leadership, investors, lenders, and ownership partners.
  • Build and maintain strong relationships with investors, lenders, syndicators, government agencies, and other external stakeholders through regular meetings and professional communication.
  • Conduct property visits throughout the nationwide portfolio to evaluate operational performance, identify improvement opportunities, and collaborate with on-site teams.
  • Stay informed on national affordable housing trends, financing opportunities, regulatory changes, and market conditions to proactively identify opportunities that strengthen the portfolio.


What You'll Bring
  • Bachelor's degree in Finance, Accounting, Real Estate, Business, or a related field required; advanced degree or professional designation is a plus.
  • Seven or more years of progressive asset management experience with multifamily real estate, including significant experience within LIHTC and affordable housing portfolios.
  • Experience working for or alongside a developer, owner, investor, syndicator, lender, or institutional real estate organization with a strong understanding of complex ownership structures.
  • Strong understanding of LIHTC compliance, regulatory requirements, debt structures, tax credit partnerships, and affordable housing financing programs.
  • Executive-level communication and relationship-building skills with the ability to confidently present recommendations and collaborate with investors, lenders, government agencies, and senior leadership.
  • Highly analytical with the ability to interpret complex financial information, identify trends, mitigate risk, and develop strategic recommendations that maximize asset performance.
  • Advanced proficiency in Microsoft Excel and financial analysis tools, with exceptional attention to detail and organizational skills.
  • Ability to travel nationwide approximately 25%, including occasional overnight travel, and flexibility to work evenings or weekends when business needs require.
Compensation & Benefits
  • Competitive salary of $95,000-$160,000 annually, based on experience, qualifications, geographic location, and market conditions.
  • 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 shape the long-term success of a nationally recognized affordable housing portfolio while working alongside industry experts, we'd love to hear from you. Apply today!

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