Vice President – Asset Management

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.

Key Responsibilities:

1. Manage real estate portfolio assets
   1. 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.
   2. Develop and maintain database of property operations for benchmarking, performance evaluation, and acquisition underwriting
   3. In conjunction with property management firms, develop annual operating budget for each property.
   4. Monitor key financial assets of each project, including all reserve and cash accounts.
   5. Identify opportunities to increase net operating income and generate ancillary revenue
   6. Oversee capital needs assessments, green retrofits, and energy tracking systems
   7. Identify and implement improvements to risk management policies and procedures to reduce insurance risks; monitor insurance incidents and claims.
   8. Recommend refinancing and restructuring strategies as needed

1. Property Management Coordination
   1. Negotiate and administer management agreements
   2. Monitor property management company performance and ensure alignment with goals
   3. Oversee lease-up, maintenance, rent collection, and vendor contracts
   4. Coordinate tenant engagement and develop/ oversee programs that enhance social, health, and wellness initiatives

1. Ensure Compliance
   1. Plan, develop and implement procedures to ensure compliance with all contractual, regulatory, financing, subsidy, and statutory requirements.
   2. Oversee timely completion of financial and compliance reporting
   3. Respond to violations and coordinate inspections (REAC, internal, agency, etc.)
   4. Maintain complete documentation for all properties

1. Assist in development of projects
   1. Provide feedback on project design, scope, rental subsidy programs and financing for projects in development.
   2. Develop pro forma operating budgets for projects in development.
   3. Assist in purchase/sale of properties,
   4. Conduct asset valuations and other general analysis functions.

Requirements

1. Bachelor's degree in finance, accounting or related field preferred.
2. 7-10 years' experience in affordable housing, real estate asset management or property management capacity. Proven leadership in asset management for affordable housing portfolios.
3. CHAM certification and Real Estate License preferred.
4. Deep knowledge of LIHTC, Section 8, RAD, and other housing programs.
5. 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.
6. Ability to read, analyze, and interpret reports, technical procedures, real estate financing documents and contracts, and governmental regulations.
7. Ability to provide feedback on materials and design that are most cost effective from a property management standpoint.
8. Excellent communication and negotiation skills.
9. Ability to travel for site inspections and portfolio oversight.