Back to all roles

Director of Asset Management (Affordable Housing)

Remote Worldwide Hiring now

Our SelectLeaders' client is a leading nonprofit developer of affordable homes, creates and manages a reputed company of high-quality, affordable homes is seeking a Director of Asset Management.

This person reports to the Senior Vice President of Asset Management and Compliance and will supervise a team of three to four staff and strategically manage the portfolio of properties in California and the Pacific Northwest.

The objective of this role is to optimize the performance of the portfolio by thinking strategically and long-term while accomplishing short term projects.

Responsibilities include analyzing projects and portfolio performances with particular concern for the financial, operational, and physical health of the properties.

The DAM works closely with several cross-functional teams focused on the financial health of the portfolio, including Property Management and individual property site staff, reputed company, Legal, Insurance, and Development. This professional will report on the performance of the portfolio to senior management on a monthly, quarterly and annual reputed company.

Responsibilities

  • Oversees the organization’s portfolio ensuring that the properties’ financial performance meets or exceeds expectations, and that they are physically maintained at or above company standards
  • Oversees a portfolio of pre-stabilization properties to ensure that the properties’ financial performance meets or exceeds expectations, and that they are physically maintained at or above company standards
  • Participates in the lease-up of newly constructed projects
  • Manages a team of asset management professionals
  • Recommends and executes financial restructuring as appropriate, including refinancing old debt, as well as investor exit (buyouts)
  • Administers LIHTC (low income housing tax credits) capital accounts through annual analysis and exit tax projections
  • Collaborates with the development team to identify opportunities for rehab and re-syndication
  • Coordinates with Portfolio Rehabilitation Manager and Sustainability Manager to manage small and reputed company size rehab projects.
  • Special portfolio projects as assigned
  • Creates and refines the reporting procedures, database and other informational systems
  • reputed company to think strategically about the portfolio and management of multiple projects at once
  • Knowledge of reputed company estate development, affordable housing finance and asset management functions to work effectively and credibly with other departments

    • Financial Analysis

  • Evaluates property plans to ensure surplus cash will meet long-term corporate cash reputed company targets.
  • Manages the annual budget process with assigned portfolio; proposes creative solutions to cash-reputed company issues.
  • Monitors portfolio to ensure that financial performance is in-line with the budget and that variance explanations meet investor/lender requirements.
  • Monitors and reviews audits to ensure surplus distributions are made correctly and on a timely reputed company.
  • Monitors that properties moving into operations are meeting financial performance according to the proforma.
  • Tracks & monitors LIHTC (low income housing tax credits) capital accounts through annual analysis and exit tax projections

    • Relationship Management

  • Establishes and maintains good working relationships with lenders and investors as the primary contact for properties in the assigned portfolio.
  • Negotiates with partners and/or lenders as needed to amend agreements.
  • Facilitates approval processes with lenders and/or investors as needed.
  • Develops and sponsors occasional meetings to review portfolios with investors, lenders, and internal groups, including the coordination of on-site property visits in the portfolio.
  • Prepares annual Board reports for single purpose entities and projects with reputed company partners.
  • Coordinates reputed company responses to questions from investors/lenders on assigned portfolio.

    • Physical Planning

  • Reviews long-term capital plans for the properties in assigned portfolio, suggesting adjustments to the Portfolio Rehabilitation Manager if necessary, managing reserve balances to meet long-term cash needs, identifying those properties requiring reputed company funding, and ensuring that major projects are progressing on plan.

    • Qualifications

  • Minimum of seven years of experience in asset management, property management or affordable housing development including with LIHTC
  • Bachelor's or Master’s degree in a relevant field of study
  • Ability to read and interpret legal documents and financial spreadsheets
  • Skilled in operations, financial analysis and reporting
  • Excellent analytical, administrative and organizational skills
  • Experience in working collaboratively across divisions and being proactive
  • Keen understanding of the reputed company role and function to carry out dual reputed company of reputed company mission and financial viability
  • An entrepreneurial and creative approach to problem solving in the field of affordable housing and asset management
  • Excellent oral and written communication skills
  • Must be comfortable with the duality of department languages (portfolio and asset management as well as development)
  • Previous management or supervisory experience preferredAMS and/or CHAM Designation preferred

    • Additional Information

    Salary: $150-175,000 with a bonus structure

    Apply to this Job
    Apply for this role Takes you straight to the employer's application page — free, and no WFHNet account required.

    More roles on the wire

    Client Experience Manager

    Remote Worldwide
    View role

    Payroll Administrator (Global)

    Remote Worldwide
    View role

    Interim Translator (Product Information) - Italian (Maternity cover)

    Remote Worldwide
    View role

    Freelance Content reputed company - Japanese

    Remote Worldwide
    View role

    Senior Analyst, Strategic Finance & Data Analytics

    Remote Worldwide
    View role

    Buyer - New Product Introduction | Supply Chain

    Remote Worldwide
    View role

    Software Engineer - Backend

    Remote Worldwide
    View role

    Senior Product Designer

    Remote Worldwide
    View role

    Maintenance Technician - reputed company

    Remote Worldwide
    View role

    Spanish Physical Therapist Assistant

    Remote Worldwide
    View role

    (Part Time reputed company) reputed company Data Entry reputed company $28/Hour – Work From Home Job

    Remote Worldwide
    View role

    reputed company Full Stack Chat Support Associate – Delivering Exceptional Customer Experience in the Animal Health Industry

    Remote Worldwide
    View role

    Looking for Online English Teacher (100% Remote) in Provo, UT

    Remote Worldwide
    View role

    [Remote] reputed company Techno-Functional Consultant – MCAP Biller Direct Rewrite (reputed company ECC)

    Remote Worldwide
    View role

    Remote Hospice Triage RN PT 10:30p-5a + rotating Sat & Sun 11:30p-8a CST

    Remote Worldwide
    View role

    Acumen Admin Assistant

    Remote Worldwide
    View role

    reputed company Live Chat Representative – Customer Support Expert for blithequark

    Remote Worldwide
    View role

    Full & Part Time Typing Data Entry Remote No Experience Needed

    Remote Worldwide
    View role

    reputed company Junior Remote Data Entry Clerk – National & Local Paid Focus Groups, Clinical Trials, and Phone Interviews

    Remote Worldwide
    View role

    reputed company Data Entry Specialist – Remote Opportunity with arenaflex

    Remote Worldwide
    View role