What are the responsibilities and job description for the Asset Manager - Affordable Housing position at The Quest Organization?
We are seeking an Affordable Housing Asset Manager to oversee and optimize a national portfolio of workforce and affordable housing assets. This role is responsible for executing asset management best practices, driving performance against business plans, and monitoring third-party property managers to ensure financial, operational, and compliance objectives are met. The ideal candidate is analytical, detail-oriented, and comfortable operating in an entrepreneurial environment with direct accountability for results.
Responsibilities:
- Analyze property performance, cash flow, valuation, and market trends
- Execute underwritten business plans and monitor performance against budgets and forecasts
- Lead budgeting, reforecasting, variance analysis, and KPI tracking
- Oversee third-party property managers and ensure reporting accuracy and execution
- Develop and maintain quarterly asset management plans
- Conduct property inspections to assess operations, capital needs, and compliance
- Communicate asset performance clearly to internal stakeholders
- Maintain compliance with LIHTC, HUD, and other regulatory requirements
- Build and manage relationships with lenders, investors, housing agencies, and partners
Qualifications:
- Bachelor’s degree in Business, Finance, Real Estate, or related field preferred
- 5 years of Asset Management experience within multifamily real estate, affordable housing strongly preferred
- LIHTC and/or HUD experience strongly preferred
- Strong Excel and financial analysis skills
- Experience with Yardi, RealPage, Smartsheets, AIM, or similar systems
- Highly organized, collaborative, and detail-oriented
Salary : $130,000 - $160,000