Director / Senior Director, Asset Management (Multifamily Loans / Affordable Housing)

About the role

The Director/Sr. Director of Portfolio Asset Management is responsible for the strategic oversight, performance, and risk management of CPC’s multifamily loan portfolio, including affordable housing, LIHTC, Agency, Non-Agency, and Distressed Bank assets. This role leads and develops a team of Managers and Asset Managers, ensuring disciplined credit oversight, proactive risk identification, and consistent execution across all portfolio segments. The role provides leadership to asset management teams responsible for identifying and mitigating credit, financial, operational, physical, and market risks impacting the underlying collateral. This role requires strong collaboration with internal teams and external stakeholders—including borrowers, guarantors, government agencies, developers, owners, property managers, and Agency partners such as Fannie Mae, Freddie Mac, and FHA—to preserve asset value and support CPC’s mission.

Responsibilities

• Lead asset management strategy across multifamily, affordable housing, and LIHTC portfolios, ensuring risks are proactively identified, monitored, and mitigated.
• Provide oversight of performing assets, maintaining strong credit discipline and escalating emerging risks in a timely and appropriate manner.
• Serve as a primary point of contact for investors, borrowers, and internal stakeholders, ensuring clear and consistent communication.
• Communicate portfolio performance, emerging risks, and strategic recommendations to Senior Leadership through concise, executive-ready materials and presentations.
• Lead, develop, and mentor Managers and Asset Managers, reinforcing strong credit discipline, analytical rigor, and adherence to investor and Agency requirements.
• Foster a culture of accountability, proactive risk management, and cross-functional collaboration.
• Establish and enhance asset management policies, procedures, and control frameworks to support effective risk management and operational consistency.
• Drive improvements in systems, reporting, dashboards, and data quality to strengthen portfolio oversight and decision-making.
• Lead cross-functional initiatives and process improvements aligned with strategic priorities.
• Establish and maintain credit governance standards, including approval processes for high-risk assets and complex transactions.
• Lead portfolio surveillance, including Watchlist management and risk rating alignment, in coordination with Credit, Legal, Servicing, and Finance.
• Enhance risk reporting frameworks to provide clear visibility into portfolio performance, trends, and concentrations.
• Drive continuous improvement in early warning indicators, escalation protocols, and transitions between performing and risk portfolios.

Requirements

• Bachelor’s degree required; advanced degree preferred.
• 10+ years of multifamily real estate asset management experience, with deep knowledge of credit, property operations, and Agency (Fannie Mae, Freddie Mac) and banking product types, including affordable housing and LIHTC portfolios, but open to strong 7+ years relevant experience