Vice President – Asset Management

Overview

Are you a strategic thinker with deep expertise in real estate finance, compliance, and portfolio performance? Join us as the Vice President of Asset Management and help shape the long-term success of diverse housing communities across the country.

Job Summary We're seeking an experienced executive to lead our Asset Management Department, oversee a multi-state portfolio of affordable and market-rate housing projects. This role is responsible for sustaining and enhancing property performance through strategic oversight, financial analysis, regulatory compliance, and collaboration with property management firms. Projects include LIHTC year-15 conversions, Section 8, RAD components 1 and 2, mixed-use, mixed-income, and market-rate developments—both new construction and acquisition/rehab.

• Manage real estate portfolio assets
  • Coordinate all aspects of asset management for multi-state portfolio of Section 8, LIHTC, mixed-income and market rate housing including both multi-family and senior housing.
  • Develop and maintain database of property operations for benchmarking, performance evaluation, and acquisition underwriting
  • In conjunction with property management firms, develop annual operating budget for each property.
  • Monitor key financial assets of each project, including all reserve and cash accounts.
  • Identify opportunities to increase net operating income and generate ancillary revenue
  • Oversee capital needs assessments, green retrofits, and energy tracking systems
  • Identify and implement improvements to risk management policies and procedures to reduce insurance risks; monitor insurance incidents and claims.
  • Recommend refinancing and restructuring strategies as needed

• Property Management Coordination
  • Negotiate and administer management agreements
  • Monitor property management company performance and ensure alignment with goals
  • Oversee lease-up, maintenance, rent collection, and vendor contracts
  • Coordinate tenant engagement and develop/ oversee programs that enhance social, health, and wellness initiatives

• Ensure Compliance
  • Plan, develop and implement procedures to ensure compliance with all contractual, regulatory, financing, subsidy, and statutory requirements.
  • Oversee timely completion of financial and compliance reporting
  • Respond to violations and coordinate inspections (REAC, internal, agency, etc.)
  • Maintain complete documentation for all properties

• Assist in development of projects
  • Provide feedback on project design, scope, rental subsidy programs and financing for projects in development.
  • Develop pro forma operating budgets for projects in development.
  • Assist in purchase/sale of properties,
  • Conduct asset valuations and other general analysis functions.

• Bachelor s degree in finance, accounting or related field preferred.
• 7-10 years  experience in affordable housing, real estate asset management or property management capacity. Proven leadership in asset management for affordable housing portfolios.
• CHAM certification and Real Estate License preferred.
• Deep knowledge of LIHTC, Section 8, RAD, and other housing programs.
• Strong financial acumen and ability to prepare financial analyses-including pro formas, income statements, operating budgets, variance reports, and other evaluations of low‑income housing and real estate developments.
• Ability to read, analyze, and interpret reports, technical procedures, real estate financing documents and contracts, and governmental regulations.
• Ability to provide feedback on materials and design that are most cost effective from a property management standpoint.
• Excellent communication and negotiation skills.
• Ability to travel for site inspections and portfolio oversight.