Senior Asset Manager (LIHTC)
Jobot · Chicago, IL · 1 wk ago
On-siteFinance$132k–$156k/yrFull-time
About the role
This is a newly created seat built specifically around our LIHTC growth — not a backfill into someone else's shoes. You'll work directly with a technical, hands-on Director of Asset Management who genuinely enjoys mentoring on the details. There's a real path to building and leading your own team as the portfolio scales, with high-visibility presenting portfolio performance directly to executive leadership. We foster an entrepreneurial, low-ego culture with an "ownership mindset" at every level.
Responsibilities
- Develop and own asset management plans for a growing portfolio of LIHTC assets
- Monitor lease-up of LIHTC properties, ensuring adherence to proforma and compliance with applicable regulations (partnering with an internal compliance team)
- Coordinate and conduct periodic site inspections, internal and third-party
- Review and approve annual operating budgets, delivered to project partners on time
- Monitor financial performance of each asset against budget and proforma
- Ensure projects hit key milestones — equity installments, loan earn-outs, and tax credit testing requirements
- Lead cross-functional "critical path" meetings for underperforming assets, coordinating marketing, talent acquisition, and other stakeholders
- Present portfolio condition monthly to executive and senior leadership
- Partner with Capital Planning on lifecycle capital plans; flag variances during budgeting season
- Support responses to governmental, equity, and lending agency inquiries
- Manage property insurance for the LIHTC portfolio (placement, renewals, claims)
- Become a market expert in new submarkets as the portfolio expands
- Supervise financial analyst(s) as the team grows
Requirements
- Bachelor's degree in commercial real estate, finance, or a related field
- 7+ years of experience in asset management (a mix of traditional finance and asset management experience will be considered)
- Meaningful, hands-on LIHTC (Low-Income Housing Tax Credit) experience required, including compliance exposure
- Proficient Excel skills; able to learn new systems quickly
- Strong financial analysis, forecasting, and reporting skills for upper management
- Demonstrated leadership ability or experience in a managerial capacity
- Excellent verbal and written communication skills
- Comfortable holding property management teams accountable while operating as a true partner
- Fully on-site; minimal travel (site visits as needed)
Pay
$132,000–$155,800 per year, plus annual bonus target and relocation assistance.
Benefits
- Medical/dental/vision insurance
- FSA/HSA options
- Paid family leave
- 401(k) with company match
- 3 weeks PTO plus holidays
- Wellness reimbursement