Senior Asset Manager
Greystone And Company Inc, Raleigh, North Carolina, United States, 27601
Access Point Raleigh Ofc
2235 Gateway Access Point
Suite 280
Raleigh, NC 27607, USA
Harmony Housing Affordable Development Inc. (“HHAD”) is among the largest real estate developers of affordable rental housing in the United States. Our mission is to positively impact communities by creating and preserving quality affordable housing for low wealth households. HHAD is a wholly owned subsidiary of Harmony Housing, a 501c3 not‑for‑profit owner of affordable housing with an expanding portfolio of owned assets across the country.
Our fast-growing organization is currently seeking a detail-oriented and experienced
Asset Manager
to join the expanding
Asset Management team
as an integral part of the growth of HHAD’s affordable housing business. The ideal candidate will possess hands‑on experience with LIHTC and multifamily asset management, including financial underwriting, bond compliance tests, operating budgets, tenant qualifications, and property performance analysis. The role requires a high degree of autonomy, accountability, and critical thinking, as well as strong communication and relationship management skills. This position works in close coordination with HHAD’s Asset Management team and is based in our Raleigh, North Carolina office, reporting to the Vice President of Asset Management.
The Asset Manager is responsible for the financial, operational, and compliance performance of HHAD’s affordable housing portfolio from financial closing through construction or rehabilitation, stabilization, permanent financing conversion, and throughout the asset’s long‑term operations. This position requires strong analytical skills, deep knowledge of affordable housing finance and compliance, and the ability to collaborate across internal teams and external partners. The Asset Manager serves as the key point of contact for assigned properties, providing oversight of financial performance, regulatory compliance, property operations, and strategic planning.
Primary Duties and Responsibilities
Lifecycle Oversight:
Manage assigned assets through the entire project lifecycle: from financial closing, through construction or rehabilitation, stabilization, permanent loan conversion, and ongoing stabilized operations.
Collaborate with development, construction, and accounting teams to ensure timely delivery of milestones, draw coordination, and investor/lender compliance.
Oversee transition from construction to stabilized operations, including lease‑up monitoring, conversion of financing, and implementation of long‑term asset management strategies.
Financial Oversight and Analysis:
Review and analyze monthly and quarterly financial statements, including income statements, balance sheets, and cash flow reports.
Monitor financial performance against budgets and benchmarks; identify and address variances or operational inefficiencies.
Oversee and perform bond compliance tests, covenant reporting, and other financial obligations.
Lead or support annual operating budget preparation in coordination with property management and accounting teams.
Evaluate and underwrite opportunities for refinancing, re‑syndication, or disposition within the portfolio.
Prepare asset and portfolio performance summaries for internal leadership and investor reporting.
Compliance Management:
Ensure ongoing compliance with LIHTC requirements, including income/rent limits, set‑asides, and regulatory deadlines.
Oversee compliance with rental assistance programs (HUD, USDA‑RD, Section 8, and others).
Review and monitor tenant income qualification and recertification processes to ensure accuracy and program adherence.
Partner with compliance and property management teams to complete required reporting on time and in compliance with all regulatory agencies.
Maintain current knowledge of relevant federal, state, and local affordable housing regulations.
Property Operations & Maintenance Oversight:
Conduct regular site inspections to assess physical conditions, maintenance practices, and capital needs.
Oversee and approve capital improvement plans, ensuring timely execution and cost control.
Support sustainability and energy efficiency initiatives where applicable.
Collaborate with property management teams to promote consistent operational and resident service standards.
Relationship & Partner Management:
Serve as the primary liaison with third‑party property management companies, ensuring alignment on financial, operational, and compliance goals.
Coordinate with corporate accounting teams on financial reporting, audits, and cash flow management.
Communicate asset performance, risks, and opportunities to the executive leadership team in a clear and concise manner.
Participate in investor and lender calls as needed.
Strategic & Administrative Responsibilities:
Maintain complete and accurate property and compliance documentation.
Contribute to strategic portfolio planning and performance improvement initiatives.
Support due diligence and transition efforts for new acquisitions and dispositions.
Represent HHAD at conferences, industry events, and stakeholder meetings.
Experience, Skills, and Abilities Required
Bachelor’s degree in finance, Real Estate, Accounting, or a related field; advanced degree or professional certification (e.g., CPM, CAM, CPA) preferred.
Minimum of 5+ years of experience in affordable housing asset management, with a focus on LIHTC and USDA‑RD financing structures.
Proficiency in LIHTC compliance, tax‑exempt bond financing, and rental assistance program administration.
Strong analytical skills; ability to interpret complex financial and operational data.
Proven experience managing operating budgets, capital plans, and financial reporting.
Willingness to travel up to 25% to visit properties and partners.
Demonstrated excellent analytical, problem‑solving, and decision‑making skills.
Ability to recognize and mitigate investment risks.
Ability to interpret and implement complex regulations, providing clear guidance to teams and management agents.
High‑energy, accurate, organized, highly detailed, and results‑oriented professional with demonstrated ability to successfully manage multiple projects and work under pressure of strict deadlines.
Excellent written and oral communication skills with an ability to clearly and concisely express ideas, thoughts, and concepts verbally and in writing to diverse teams.
Proficiency with Microsoft Office Suite, Adobe, SharePoint, Smartsheet, and familiarity with Yardi, RealPage, or similar asset management software.
Exceptional customer service and interpersonal skills, with the ability to build and maintain relationships with internal and external stakeholders.
Ability to manage daily responsibilities and projects with minimal direction, while also working in close collaboration with a team to provide solutions where needed.
Ability to maintain a “big picture” focus while attending to incredibly detailed work and providing thorough documentation.
Resourceful, flexible and maintain the ability to react and respond quickly towards positive outcomes.
Strong personal standards and values consistent with HHAD’s core values (entrepreneurial, integrity, caring, and excellence).
A satisfactory background check will be required as part of the selection process.
At Harmony Housing Affordable Development (HHAD), we believe that finding creative solutions for our clients comes from the collaboration of people with diverse backgrounds and perspectives. We strive to build a work environment that empowers all individuals with opportunities to channel their entrepreneurial spirit. HHAD is an EEO employer.
#J-18808-Ljbffr
Harmony Housing Affordable Development Inc. (“HHAD”) is among the largest real estate developers of affordable rental housing in the United States. Our mission is to positively impact communities by creating and preserving quality affordable housing for low wealth households. HHAD is a wholly owned subsidiary of Harmony Housing, a 501c3 not‑for‑profit owner of affordable housing with an expanding portfolio of owned assets across the country.
Our fast-growing organization is currently seeking a detail-oriented and experienced
Asset Manager
to join the expanding
Asset Management team
as an integral part of the growth of HHAD’s affordable housing business. The ideal candidate will possess hands‑on experience with LIHTC and multifamily asset management, including financial underwriting, bond compliance tests, operating budgets, tenant qualifications, and property performance analysis. The role requires a high degree of autonomy, accountability, and critical thinking, as well as strong communication and relationship management skills. This position works in close coordination with HHAD’s Asset Management team and is based in our Raleigh, North Carolina office, reporting to the Vice President of Asset Management.
The Asset Manager is responsible for the financial, operational, and compliance performance of HHAD’s affordable housing portfolio from financial closing through construction or rehabilitation, stabilization, permanent financing conversion, and throughout the asset’s long‑term operations. This position requires strong analytical skills, deep knowledge of affordable housing finance and compliance, and the ability to collaborate across internal teams and external partners. The Asset Manager serves as the key point of contact for assigned properties, providing oversight of financial performance, regulatory compliance, property operations, and strategic planning.
Primary Duties and Responsibilities
Lifecycle Oversight:
Manage assigned assets through the entire project lifecycle: from financial closing, through construction or rehabilitation, stabilization, permanent loan conversion, and ongoing stabilized operations.
Collaborate with development, construction, and accounting teams to ensure timely delivery of milestones, draw coordination, and investor/lender compliance.
Oversee transition from construction to stabilized operations, including lease‑up monitoring, conversion of financing, and implementation of long‑term asset management strategies.
Financial Oversight and Analysis:
Review and analyze monthly and quarterly financial statements, including income statements, balance sheets, and cash flow reports.
Monitor financial performance against budgets and benchmarks; identify and address variances or operational inefficiencies.
Oversee and perform bond compliance tests, covenant reporting, and other financial obligations.
Lead or support annual operating budget preparation in coordination with property management and accounting teams.
Evaluate and underwrite opportunities for refinancing, re‑syndication, or disposition within the portfolio.
Prepare asset and portfolio performance summaries for internal leadership and investor reporting.
Compliance Management:
Ensure ongoing compliance with LIHTC requirements, including income/rent limits, set‑asides, and regulatory deadlines.
Oversee compliance with rental assistance programs (HUD, USDA‑RD, Section 8, and others).
Review and monitor tenant income qualification and recertification processes to ensure accuracy and program adherence.
Partner with compliance and property management teams to complete required reporting on time and in compliance with all regulatory agencies.
Maintain current knowledge of relevant federal, state, and local affordable housing regulations.
Property Operations & Maintenance Oversight:
Conduct regular site inspections to assess physical conditions, maintenance practices, and capital needs.
Oversee and approve capital improvement plans, ensuring timely execution and cost control.
Support sustainability and energy efficiency initiatives where applicable.
Collaborate with property management teams to promote consistent operational and resident service standards.
Relationship & Partner Management:
Serve as the primary liaison with third‑party property management companies, ensuring alignment on financial, operational, and compliance goals.
Coordinate with corporate accounting teams on financial reporting, audits, and cash flow management.
Communicate asset performance, risks, and opportunities to the executive leadership team in a clear and concise manner.
Participate in investor and lender calls as needed.
Strategic & Administrative Responsibilities:
Maintain complete and accurate property and compliance documentation.
Contribute to strategic portfolio planning and performance improvement initiatives.
Support due diligence and transition efforts for new acquisitions and dispositions.
Represent HHAD at conferences, industry events, and stakeholder meetings.
Experience, Skills, and Abilities Required
Bachelor’s degree in finance, Real Estate, Accounting, or a related field; advanced degree or professional certification (e.g., CPM, CAM, CPA) preferred.
Minimum of 5+ years of experience in affordable housing asset management, with a focus on LIHTC and USDA‑RD financing structures.
Proficiency in LIHTC compliance, tax‑exempt bond financing, and rental assistance program administration.
Strong analytical skills; ability to interpret complex financial and operational data.
Proven experience managing operating budgets, capital plans, and financial reporting.
Willingness to travel up to 25% to visit properties and partners.
Demonstrated excellent analytical, problem‑solving, and decision‑making skills.
Ability to recognize and mitigate investment risks.
Ability to interpret and implement complex regulations, providing clear guidance to teams and management agents.
High‑energy, accurate, organized, highly detailed, and results‑oriented professional with demonstrated ability to successfully manage multiple projects and work under pressure of strict deadlines.
Excellent written and oral communication skills with an ability to clearly and concisely express ideas, thoughts, and concepts verbally and in writing to diverse teams.
Proficiency with Microsoft Office Suite, Adobe, SharePoint, Smartsheet, and familiarity with Yardi, RealPage, or similar asset management software.
Exceptional customer service and interpersonal skills, with the ability to build and maintain relationships with internal and external stakeholders.
Ability to manage daily responsibilities and projects with minimal direction, while also working in close collaboration with a team to provide solutions where needed.
Ability to maintain a “big picture” focus while attending to incredibly detailed work and providing thorough documentation.
Resourceful, flexible and maintain the ability to react and respond quickly towards positive outcomes.
Strong personal standards and values consistent with HHAD’s core values (entrepreneurial, integrity, caring, and excellence).
A satisfactory background check will be required as part of the selection process.
At Harmony Housing Affordable Development (HHAD), we believe that finding creative solutions for our clients comes from the collaboration of people with diverse backgrounds and perspectives. We strive to build a work environment that empowers all individuals with opportunities to channel their entrepreneurial spirit. HHAD is an EEO employer.
#J-18808-Ljbffr