Bachelor's degree in Finance, Real Estate, Business Administration, Accounting, Economics, or related field; MBA or Master's preferred.
Minimum of 10 years of experience in commercial real estate or multifamily asset management, with at least 5 years focused on affordable housing.
Strong understanding of regulatory compliance in affordable housing markets, including LIHTC, HUD, and state housing requirements.
Proven experience overseeing financial performance, investor relations, and capital transactions.
Exceptional leadership and staff development skills with a track record of building high-performing teams.
Responsibilities
Update asset management fee schedules for assets and GP relationships.
Develop and implement asset-specific business plans to maximize long-term value and investor returns.
Oversee financial performance and identify opportunities to enhance net operating income and asset value.
Establish policies and performance metrics to ensure operational excellence across the portfolio.
Serve as a strategic advisor to the General Partner on investment strategies and portfolio performance.
Conduct evaluations of management company effectiveness and implement best practices across the portfolio.
Develop a comprehensive enterprise risk management framework to address operational and financial risks.
Benefits
Comprehensive insurance coverage, including property, casualty, and professional liability.
Opportunities for professional development and career advancement.
Collaborative working environment focused on mentorship and teamwork.
Engagement with diverse stakeholders in real estate investment and management.
Full Job Description
Key Responsibilities
Strategic Asset Management
Update Asset Management Fee Schedule for each asset and GP relationship.
Develop and execute asset-specific business plans designed to maximize long-term value, operating performance, and investor returns.
Oversee financial performance, operating results, occupancy, leasing trends, reserve adequacy, capital expenditures, debt compliance, and overall portfolio health while identifying opportunities to improve net operating income, reduce expenses, preserve affordability, and enhance asset value.
Establish policies, operating standards, and performance metrics that promote accountability, continuous improvement, and operational excellence and provide regular portfolio performance reporting and strategic recommendations to the General Partner.
Serve as a strategic advisor to the General Partner, contributing portfolio investment strategy and long-term portfolio value creation.
Property Operations Oversight & Compliance
Establish performance expectations and accountability for financial results, resident satisfaction, maintenance standards, regulatory compliance, and operational excellence across the portfolio assets.
Evaluate management company effectiveness through recurring reviews of the assets against annual operating budgets and implement corrective strategies for underperforming assets while supporting the application of best practices across the portfolio.
Ensure the portfolio remains in full compliance with all applicable affordable housing regulations, including LIHTC, HUD, HOME, Bond, and state housing finance agency requirements.
Collaborate with internal compliance teams and regulatory agencies to preserve tax credits, maintain affordability commitments, successfully navigate audits and inspections, and minimize regulatory risk.
Maintain executive relationships with institutional investors, lenders, syndicators, and JV partners.
Consistent with approved asset-specific business plans, collaborate with the Company's Investment Management department, hired by the GP, to:
Lead all portfolio capital events, including refinancings or debt restructurings, recapitalizations, preservation transactions, partnership restructurings, investor buyouts, and dispositions.
Direct hold-versus-sell analyses, oversee valuation activities, negotiate transaction terms, coordinate due diligence, and execute strategies that optimize portfolio performance and long-term ownership objectives.
Oversee construction-to-permanent loan conversions, tax-exempt bond conversions, permanent financing, equity installment funding, cost certifications, investor adjusters, and stabilization milestones to ensure timely execution and successful transition from rehabilitation to stabilized operations and for newly developed communities.
Oversee partnership reporting, capital calls, investor return calculations, partnership distributions, financial reporting, and advisory committee presentations in accordance with partnership agreements and financing documents.
Enterprise Risk Management
Develop and oversee a comprehensive enterprise risk management framework that identifies, evaluates, and mitigates operational, financial, legal, environmental, regulatory, insurance, and reputational risks across the organization.
Partner with the Company's executive leadership to strengthen internal risk management controls - i.e., business continuity planning, disaster recovery preparedness, cybersecurity governance, and organizational resilience.
Direct the Company's enterprise insurance program, including annual renewals, carrier and broker relationships, coverage analysis, premium management, and policy administration for all corporate and property-level insurance programs and coverages, including property, casualty, builder's risk, directors' and officers' liability, professional liability, employment practices, cyber, crime, workers' compensation, and umbrella liability exposures.
Collaborate with the insurance brokers to provide executive oversight of all insurance claims and litigation matters, coordinating with insurance carriers, outside counsel, adjusters, and internal stakeholders to manage property losses, casualty claims, construction defect matters, employment claims, contract disputes, Fair Housing complaints, regulatory actions, and other legal proceedings.
Develop strategies to minimize financial exposure, maximize insurance recoveries, control legal expenses, and reduce future organizational risk through proactive claims management and loss prevention initiatives.
Staff Development
Lead, mentor, and develop a high-performing asset management function while fostering collaboration across departments.
Establish clarity around roles and responsibilities for each position within Asset Management.
Develop professional development plans for all personnel.
Qualifications
Education and Experience
Bachelor's degree in Finance, Real Estate, Business Administration, Accounting, Economics, or related field; MBA or Master's degree preferred
Minimum of 10 years of progressively responsible commercial real estate or multifamily asset management experience, including at least 5 years in affordable housing
