Asset Manager

McDowell Housing Partners is Hiring a Senior Development Accountant!

Department: Accounting

Reports to: Development Controller

Location: Brickell, FL (In Office)

Job Type: Full Time, Exempt

We are seeking an experienced Asset Manager to oversee a diverse portfolio of affordable housing properties. This role is responsible for ensuring regulatory compliance with FHFC, HUD, Section 8, and LIHTC programs while maximizing asset value and minimizing operational and financial risk.

This is a hands-on position that requires regular property visits, close collaboration with third-party property management, accounting teams, lenders, and ownership partners. The Asset Manager will report directly to the Vice President of Asset Management and play a key role in strengthening and scaling the Asset Management function.

If spreadsheets excite you and compliance checklists don’t scare you, keep reading.

Key Responsibilities

• Review monthly financial statements including income statements, balance sheets, budget variance reports, and operating performance metrics.
• Prepare and support monthly owner reporting and manage property cash flow reporting schedules.
• Lead and coordinate lender, FHFC, and investor reporting, ensuring accuracy, completeness, and on-time delivery.
• Monitor resident service programs to ensure regulatory compliance.
• Identify underperforming assets, investigate root causes, and implement corrective action plans in collaboration with third-party management.
• Conduct annual site inspections (and additional visits as needed), prepare inspection reports, and proactively prevent LP Watch List placement.
• Evaluate property management performance including staffing effectiveness and operational execution.
• Assist in building and improving Asset Management department processes, systems, and organizational structure.
• Establish and oversee third-party management expectations from lease-up through the end of the compliance period.
• Build and maintain relationships with community partners, nonprofit organizations, housing authorities, and resident organizations.
• Review funding requests during lease-up and verify accuracy prior to submission.
• Collaborate with third-party managers on annual budget preparation and ensure alignment with ownership and partnership expectations.
• Support Development and Construction teams during transitions from construction to stabilized operations.
• Monitor reserve balances and process replacement reserve requests when required.
• Oversee preventative maintenance practices and ensure smooth new construction transitions into operations.
• Perform additional duties and special projects as assigned.

Qualifications

• Bachelor’s degree required or equivalent combination of education and relevant experience.
• Minimum of 3 years of Asset Management experience, preferably within affordable housing.
• Strong understanding of LIHTC, HUD, Section 8, and FHFC compliance frameworks.
• High-level analytical, organizational, and problem-solving skills.
• Excellent written and verbal communication skills with the ability to work across multiple stakeholders.
• Proficiency in property management software such as Yardi or OneSite.
• Ability to manage multiple priorities, shifting deadlines, and complex reporting requirements.
• Self-starter with strong accountability and independent work ethic.
• Willingness to travel for site visits and inspections.
• Position is based in Miami, Florida.