Senior Asset Manager

About the role

The Sr. Asset Manager will manage a portfolio of challenging, high-impact properties, leading turnaround plans with measurable success. They will mentor and develop a high-performing team, lead policy and procedure development, and collaborate closely with Affordable Housing Operations to maximize property performance and profitability.

Responsibilities

• Mentor and develop a high-performing team of asset managers, analysts, and interns.
• Lead policy and procedure development for Portfolio & Asset Management (PAM).
• Review and approve strategic, operating, and financial plans for each property, ensuring alignment with overall business objectives.
• Analyze financial reports, tax returns, and audited statements to identify opportunities for growth and improved performance.
• Conduct annual on-site inspections to assess physical conditions and recommend improvements.
• Collaborate closely with Affordable Housing Operations to identify and execute strategies that maximize property performance and profitability.
• Strategically plan capital expenditures and reserves to enhance asset value and marketability.
• Identify and manage debt restructuring opportunities and oversee loan processes from negotiation to post-closing.
• Act as the Owner’s representative when engaging with lenders, syndicators, regulatory agencies, and other key stakeholders.
• Support property dispositions and exits of Limited Partners related to LIHTC transactions.
• Actively participate on the Acquisition Team in evaluating and onboarding new properties.
• Seek out innovative, more efficient ways of doing business and encourage a culture of continuous improvement and open communication.

Requirements

• Bachelor’s degree in Business, Finance, or equivalent education and experience.
• 5+ years of experience in Real Estate Asset Management or a related analyst role.
• Strong understanding of accounting and real estate finance.
• Ability to read and analyze financial reports, partnership and loan documents, and make strategic recommendations.
• Experience applying advanced financial and mathematical concepts to evaluate business decisions.
• Knowledge of affordable housing laws and regulations is a plus.
• Proven decision-making skills that influence property and organizational outcomes.

Qualifications

• Proven leadership and management skills.
• Excellent communication and interpersonal skills.
• Strong analytical and problem-solving abilities.
• Ability to work independently and as part of a team.
• Passion for affordable housing and community development.

Skills

• Real Estate Asset Management.
• Financial Analysis.
• Property Management.
• Strategic Planning.
• Debt Restructuring.
• Regulatory Compliance.

Benefits

• Health, dental, vision insurance effective within 2 weeks of starting your new job.
• Paid time off, including paid parental leave.
• Gym membership reimbursement.
• 401K.

Pay

• Competitive salary commensurate with experience.

Schedule

• Full-time position.

Wallick’s Mission & Values

At Wallick Communities, we believe in opening doors to homes, opportunity, and hope for our residents, associates, and community. Our core values guide everything we do:

• Care – We show compassion and respect for everyone.
• Character – We do the right thing, even when no one is looking.
• Collaboration – We work together to achieve more.

We celebrate Diversity, Equity, Inclusion + Belonging (DEI+B) in our workplace and communities, creating an environment where associates feel welcome, respected, and empowered to bring their authentic selves to the great work they do every day.