Senior Asset Manager - Affordable Housing

Role

Senior Asset Manager - Affordable Housing

Location

New York, NY (In office Monday-Friday)

Salary

$145,000 - $165,000 annually and additional bonuses

Benefits

Full benefits package offered

Employment Type

Full-time, At-will

A growing real estate developer, focused on ground-up multifamily and affordable housing projects throughout New York, is expanding its Asset Management team and bringing on a Senior Asset Manager to help oversee its portfolio of 5000+ units.

Responsibilities

• Assist in leading the asset management function across a diverse portfolio of multifamily and affordable housing assets.
• Support the implementation of portfolio-wide asset management strategies and operational objectives.
• Monitor debt compliance, reserve balances, covenant performance, and refinancing opportunities.
• Oversee monthly financial reviews, variance analyses, cash flow performance, and operating results.
• Manage relationships with third-party property management companies and hold teams accountable to ownership objectives.
• Oversee compliance with LIHTC, Section 8, HAP, regulatory agreements, and other affordable housing programs.

Requirements

• Bachelor's degree in Finance, Accounting, Real Estate, Business Administration, or a related field preferred.
• 5-8 years of experience in asset management, real estate finance, property management, development, or accounting.
• Must have an in-depth understanding on compliance related to LIHTC, Section 8, HAP, HUD and other affordable housing programs.
• Advanced Excel and analytical skills.
• Experience managing third-party property managers and interacting with lenders, investors, and ownership groups.
• Experience with refinancing, dispositions, capital planning, and strategic portfolio management.