Senior Asset Manager (LIHTC)

About the role

This is a newly created role within the fastest-growing segment of the business, offering a clear path to team leadership as the portfolio scales. Relocation to the Minneapolis/Twin Cities area is required. You will work directly with a technical, hands-on Director of Asset Management who enjoys mentoring on the details, and you’ll present portfolio performance directly to executive leadership in a high-visibility setting.

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).

Compensation & Benefits

• Pay Range: $132,000–$155,800, plus annual bonus target, plus relocation.
• Comprehensive benefits including medical/dental/vision, FSA/HSA, paid family leave, 401(k) with company match, 3 weeks PTO plus holidays, wellness reimbursement, and more.