Senior Asset Manager

Location: Salt Lake City, UT • Full-time, in-office

About The Employer

At Lotus Company, we believe every person deserves more than a place to live - they deserve a place to belong. Lotus exists to restore dignity, renew hope, and create sanctuaries where life can truly flourish. As a full-service builder, developer, owner, and operator, Lotus leads with intention at every stage - from design and development to construction, management, and community impact. Our neighborhood communities blend thoughtful design, sustainable craftsmanship, and authentic connection. Through our Lotus Impact Foundation, we extend our mission beyond housing, offering programs that empower residents to heal, grow, and step into brighter futures. With over $1 billion in projects in motion, Lotus is cultivating sanctuaries of hope across the nation.

Role Summary

A mid-level role responsible for directly managing and improving the performance of a portfolio of multifamily affordable housing assets. The Asset Management Associate takes a more proactive role in implementing asset strategies than an analyst, working under the Asset Manager to ensure each property achieves its financial, physical, and compliance goals. This role serves as a bridge between analytical support and full portfolio management, often supervising Analysts and interfacing with property managers. The Associate reports to the Asset Manager.

What You'll Do

• Portfolio Oversight: manage day-to-day asset management tasks for assigned properties, ensuring occupancy, rent collection, and expense control meet targets; track cash flow and investment returns via financial models
• Performance Management: review monthly property reports and operating statements, analyze KPIs (debt service coverage, NOI, compliance ratios), and initiate corrective actions for underperforming assets, including turnaround plans for watchlist properties
• Budgeting & Planning: work with property management during the annual budget cycle, ensure assumptions meet LIHTC and lender requirements, and present budgets and rent increase plans to senior leadership
• Investor/Lender Relations: prepare quarterly and annual reports for investors and lenders, including LIHTC compliance packets, and coordinate with Accounting on distributions and audit submissions
• Compliance Monitoring: ensure each asset's compliance with LIHTC and other affordable housing regulations, tracking benchmarks like Year 15 planning and regulatory agreement requirements
• Asset Strategy Support: assist the Asset Manager in developing mid- and long-term strategies, including refinancing, rehabilitation, and disposition scenarios
• Mentoring & Collaboration: guide Asset Management Analysts, review their reports and models, and coordinate with Development and Property Management
• Special Projects: lead or contribute to initiatives such as new asset management software, reporting process improvements, or portfolio-wide analysis

Required Qualifications

• Bachelor's degree in finance, real estate, business, or related field
• Approximately 3-5 years of increasingly responsible experience in real estate asset management, property management, or real estate finance, with exposure to multifamily housing operations; affordable housing experience highly advantageous
• Strong understanding of real estate finance and accounting, including complex financing structures (LIHTC equity, subordinate loans, HAP contracts)
• Demonstrated track record of improving or maintaining real estate asset performance
• Thorough knowledge of affordable housing compliance requirements (LIHTC, HUD programs) or ability to quickly learn them
• Advanced Excel skills and familiarity with asset management and accounting software

Preferred Qualifications

• Master's degree (MBA or MRED) or relevant certification
• Certified Housing Asset Manager (CHAM) designation or progress toward it
• Experience in a leadership or training capacity, such as mentoring an analyst or coordinating peer work

Physical Requirements & Working Conditions

Full-time, in-office position based on the 13th floor of Lotus Company's downtown Salt Lake City headquarters, core hours Monday through Friday. The office offers city and mountain views, a private balcony, an on-site fitness facility, and covered year-round parking.

Benefits

• Medical, dental, and vision insurance, with eligibility beginning 30 days after employment; employer contribution of up to $1,430 per month toward premiums
• Health Savings Account (HSA) option, telehealth and virtual care access, and mental health/wellness support including therapy and counseling resources
• Company-paid basic life insurance (with option to purchase additional coverage) and company-paid short-term disability insurance
• Paid time off accruing at 15 days per year, plus 10 paid company holidays
• 401(k) retirement plan with employer matching contributions
• Performance-based bonus opportunities
• On-site fitness facility, covered year-round parking, and daily office amenities (coffee, snacks, beverages)