Asset Manager

Key Responsibilities

• Owns monthly and quarterly property performance, including P&L review, occupancy, rent variance, and utility trends.
• Develops and implements action plans to address variances and ensure properties meet or exceed underwritten expectations.
• Maintains LIHTC compliance in partnership with the Compliance team, ensuring annual recertifications and adherence to regulatory requirements.
• Manages responses to Housing Finance Agency (HFA) 8823 reports and coordinates with Legal and Compliance for timely cures.
• Prepares quarterly investor commentary and ad-hoc updates.
• Updates AHIC Operating Property Risk Ratings in MRI software, ensuring a clean audit trail for inspections, reserve draws, and capital projects.
• Manages reserve draw requests, validates eligibility, and oversees capital projects from scoping to completion.
• Ensures timely and on-budget delivery of capital initiatives and closure of third-party inspection findings.
• Directs leasing and marketing strategies to maximize revenue and occupancy.
• Approves marketing expenditures and works with property management on resident retention and lease enforcement.
• Supports refinancing and disposition efforts by providing accurate operating histories, capital projections, and compliance documentation.
• Champions process improvement and the adoption of AI/automation tools to enhance reporting, compliance, and portfolio monitoring.
• Ensures smooth asset transitions from Development Asset Management and maintains responsive communication with internal and external stakeholders.

Qualifications

• Bachelor’s degree in Real Estate, Finance, Business, Construction Management, or related field (or equivalent experience).
• 4–7 years of experience in multifamily asset management or affordable housing, with strong financial analysis and LIHTC program knowledge.
• Experience with MRI or similar asset management systems, and comfort with automation/AI tools is preferred.