Overview
Are you a strategic thinker with deep expertise in real estate finance, compliance, and portfolio performance? Join us as the Vice President of Asset Management and help shape the long-term success of diverse housing communities across the country.
Job Summary We're seeking an experienced executive to lead our Asset Management Department, oversee a multi-state portfolio of affordable and market-rate housing projects. This role is responsible for sustaining and enhancing property performance through strategic oversight, financial analysis, regulatory compliance, and collaboration with property management firms. Projects include LIHTC year-15 conversions, Section 8, RAD components 1 and 2, mixed-use, mixed-income, and market-rate developments—both new construction and acquisition/rehab.
Responsibilities
- Manage real estate portfolio assets
- Coordinate all aspects of asset management for multi-state portfolio of Section 8, LIHTC, mixed-income and market rate housing including both multi-family and senior housing.
- Develop and maintain database of property operations for benchmarking, performance evaluation, and acquisition underwriting
- In conjunction with property management firms, develop annual operating budget for each property.
- Monitor key financial assets of each project, including all reserve and cash accounts.
- Identify opportunities to increase net operating income and generate ancillary revenue
- Oversee capital needs assessments, green retrofits, and energy tracking systems
- Identify and implement improvements to risk management policies and procedures to reduce insurance risks; monitor insurance incidents and claims.
- Recommend refinancing and restructuring strategies as needed
- Property Management Coordination
- Negotiate and administer management agreements
- Monitor property management company performance and ensure alignment with goals
- Oversee lease-up, maintenance, rent collection, and vendor contracts
- Coordinate tenant engagement and develop/ oversee programs that enhance social, health, and wellness initiatives
- Ensure Compliance
- Plan, develop and implement procedures to ensure compliance with all contractual, regulatory, financing, subsidy, and statutory requirements.
- Oversee timely completion of financial and compliance reporting
- Respond to violations and coordinate inspections (REAC, internal, agency, etc.)
- Maintain complete documentation for all properties
- Assist in development of projects
- Provide feedback on project design, scope, rental subsidy programs and financing for projects in development.
- Develop pro forma operating budgets for projects in development.
- Assist in purchase/sale of properties,
- Conduct asset valuations and other general analysis functions.
Qualifications
- Bachelor\'s degree in finance, accounting or related field preferred.
- 7-10 years\' experience in affordable housing, real estate asset management or property management capacity. Proven leadership in asset management for affordable housing portfolios.
- CHAM certification and Real Estate License preferred.
- Deep knowledge of LIHTC, Section 8, RAD, and other housing programs.
- Strong financial acumen and ability to prepare financial analyses-including pro formas, income statements, operating budgets, variance reports, and other evaluations of low‑income housing and real estate developments.
- Ability to read, analyze, and interpret reports, technical procedures, real estate financing documents and contracts, and governmental regulations.
- Ability to provide feedback on materials and design that are most cost effective from a property management standpoint.
- Excellent communication and negotiation skills.
- Ability to travel for site inspections and portfolio oversight.