Senior Asset Manager

Job Description

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.

Qualifications

• Financial Acumen: Strong understanding of real estate finance and accounting. Able to interpret audits, loan agreements, partnership agreements, and other key documents to understand obligations and opportunities for the assets.
  • Experience with complex financing structures (LIHTC equity, subordinate loans, HAP contracts) is expected at this level.
• Problem-Solving: Demonstrated ability to identify issues at a property (whether financial shortfalls or compliance risks) and recommend concrete solutions. Comfortable making recommendations to senior management on improving asset performance.
  • Effective in communicating with a range of stakeholders – property managers, auditors, lenders, and internal leadership. Capable of leading calls or meetings to discuss property performance. Can succinctly write asset narratives and action plans. Emerging leadership skills to potentially supervise junior staff.
• Communication & Leadership: Effective in communicating with a range of stakeholders – property managers, auditors, lenders, and internal leadership. Capable of leading calls or meetings to discuss property performance. Can succinctly write asset narratives and action plans. Emerging leadership skills to potentially supervise junior staff.
  • Thorough knowledge of affordable housing compliance requirements (LIHTC, HUD programs, etc.) or ability to quickly learn them. Ensures no compliance aspect “falls through the cracks” – keeps meticulous compliance records and ticks/key dates (e.g. monitoring that real estate taxes, insurance, and reserve requirements are all in order).
• Technical Skills: Advanced Excel skills and familiarity with asset management and accounting software. Certified Housing Asset Manager (CHAM) designation or similar, or progress toward it, is a plus at this level.
  • Education & Experience Bachelor’s degree in finance, real estate, business or related field (required). Master’s degree (MBA or MRED) or relevant certification is strongly preferred for advancement. Approximately 3–5 years of increasingly responsible experience in real estate asset management, property management, or real estate finance. Experience should include exposure to multifamily housing operations; affordable housing experience is highly advantageous. Demonstrated track record of improving or maintaining real estate asset performance (e.g. increasing NOI, successfully navigating compliance audits, etc.). Some experience in a leadership or training capacity (e.g. mentoring an analyst or coordinating work among peers) is beneficial as preparation for senior roles.

Benefits

• Medical, dental, and vision insurance coverage, with eligibility beginning 30 days after employment
• Health Savings Account (HSA) option
• Access to telehealth and virtual care services
• Mental health and wellness support, including expedited access to therapy and counseling resources
• Basic life insurance, with the option to purchase additional coverage
• Short-term disability insurance
• Paid time off (PTO), accruing at 15 days per year
• Ten (10) paid company holidays annually
• 401(k) retirement plan with employer match
• Performance-based bonus program based on company and individual performance
• Employee recognition and milestone celebrations
• Access to an on-site fitness facility
• Covered, year-round parking in an attached garage
• Daily office amenities, including coffee, snacks, and beverages

Work Environment & Schedule

This is a full-time, in-office position based on the 13th floor of our downtown Salt Lake City headquarters, with core hours Monday through Friday. Our office at Second + State offers expansive views of the city and surrounding mountains, access to a private balcony, and close proximity to a wide range of restaurants, cafés, and amenities within walking distance. The building also provides an on-site fitness facility and covered, year-round parking. Daily office essentials like coffee, snacks, and beverages are available to support a comfortable and engaging workday.