Asset Manager

About the role

Gorman & Company is seeking an Asset Manager to join their growing Asset Management team. The position can be based in Oregon, Wisconsin; Phoenix, Arizona; or Denver, Colorado.

Responsibilities

• Manage the financial and operational performance of a portfolio of LIHTC and affordable housing communities while representing ownership interests.
• Monitor property financial statements, cash flow, NOI, operating trends, and key performance metrics, providing recommendations to improve asset performance.
• Prepare financial models, investment analyses, portfolio forecasts, and return-on-investment reporting to support strategic decision-making.
• Review partnership agreements, operating agreements, loan documents, and regulatory requirements to understand ownership structures and financial obligations.
• Partner with Property Management, Development, Accounting, and Compliance to maximize long-term asset value and operational success.
• Assist with refinancing, recapitalizations, Year 15 planning, investor exits, loan conversions, and other portfolio transactions.
• Review annual operating budgets, capital improvement plans, reserve balances, and reforecasts while identifying opportunities for operational improvements.
• Prepare investor, lender, and ownership reporting while maintaining professional relationships with external stakeholders.
• Conduct site visits throughout the nationwide portfolio to evaluate property conditions, operational performance, and compliance with affordable housing requirements.
• Stay informed on LIHTC regulations, affordable housing programs, financing opportunities, and industry trends to support portfolio strategy and compliance.
• Travel throughout the portfolio (approximately 25%), including overnight travel, to support property visits, stakeholder meetings, and strategic initiatives.

Requirements

• Bachelor's degree in Finance, Accounting, Real Estate, Business, or a related field required.
• Three or more years of experience in affordable housing with a strong emphasis on portfolio financial analysis, asset performance, or real estate finance.
• Experience with LIHTC programs and affordable housing financing structures; prior asset management experience is strongly preferred.
• Strong understanding of financial statements, cash flow analysis, budgets, capital planning, and portfolio performance metrics.
• Excellent written and verbal communication skills with the ability to confidently interact with investors, lenders, syndicators, and executive leadership.
• Proficiency in Microsoft Excel and financial analysis tools with exceptional analytical and organizational skills.
• Valid driver's license and reliable transportation required for regular property visits.
• Ability to travel nationwide approximately 25%, including overnight travel and occasional evening or weekend work as business needs require.

Qualifications

• Ability to work independently and as part of a team.
• Strong problem-solving and decision-making skills.
• Excellent interpersonal and communication skills.
• Ability to manage multiple tasks and priorities effectively.

Skills

• Financial modeling and analysis.
• Asset management and portfolio optimization.
• Understanding of affordable housing programs and regulations.
• Effective communication and stakeholder management.
• Project management and coordination.

Benefits

• Competitive salary of $68,000-$112,000 annually, based on experience, qualifications, geographic location, and market conditions.
• Hybrid work schedule offering flexibility while collaborating with our corporate teams.
• Discretionary annual bonus opportunity based on individual and company performance.
• Comprehensive medical, dental, and vision insurance to support you and your family.
• Company-paid short-term disability, long-term disability, and life insurance.
• 401(k) with up to a 6% company match to help you build your future.
• Generous paid time off starting at 18 days per year plus 11½ paid holidays.
• Paid parental leave and Lifestyle Spending Accounts to support your well-being.
• Additional voluntary benefits including pet insurance and gym reimbursement.