Senior Asset Manager

A leading real estate organization is seeking a Senior Asset Manager to oversee the financial performance and long-term sustainability of a diverse affordable housing portfolio across California. This role will be responsible for driving portfolio performance through financial oversight, capital planning, regulatory compliance, and operational collaboration with third-party property management partners.

This position plays a strategic role in ensuring assets are operating efficiently while supporting broader portfolio initiatives, including refinancing, re-syndications, and development stabilization. The Senior Asset Manager will also mentor junior team members and contribute to ongoing process improvements across the asset management function.

Why This Role Stands Out:

• Mission-Driven Impact: Support a large affordable housing portfolio that serves families, seniors, veterans, and individuals transitioning from homelessness.
• Strategic Portfolio Oversight: Influence long-term asset strategy, including capital planning, refinancing, and portfolio optimization.
• Leadership Opportunity: Mentor asset management staff and collaborate cross-functionally with development, compliance, and property management teams.

Responsibilities:

• Monitor the financial performance of assigned properties, including financial reviews, forecasting, variance analysis, audits, and capital account oversight.
• Oversee capital improvement planning and execution, including reserve withdrawals and contingency planning for major repairs or disasters.
• Support development teams during lease-up and stabilization, including conversion to permanent financing for new developments.
• Coordinate with third-party property management companies and evaluate management agreements and operational performance.
• Prepare and submit required reporting to investors, lenders, regulatory agencies, and internal leadership.
• Conduct periodic site inspections and monitor the physical condition of properties to ensure long-term asset performance.
• Ensure compliance with regulatory agreements, tax credit requirements, and lender/investor reporting obligations in collaboration with compliance teams.
• Participate in strategic planning related to refinancing, re-syndication, acquisitions, and dispositions.
• Mentor and supervise junior asset management staff while contributing to departmental and cross-departmental process improvements.
• Support broader asset management initiatives and portfolio strategy as needed.

Minimum Qualifications:

• Bachelor’s degree in Business, Accounting, Economics, or a related field.
• 5-10 years of experience in asset management, affordable housing, or related real estate fields.
• Proficient with Microsoft Office (Excel, Word, Outlook, PowerPoint) and asset management or property management systems.
• Ability to travel approximately 30%. 

Preferred Qualifications:

• Familiarity with MRI, Smartsheet, or other real estate asset management software.
• Professional certifications such as TCS, HCCP, CHAM, or CPM.
• Prior experience overseeing affordable housing portfolios within nonprofit or mission-driven organizations.
• Knowledge of LIHTC compliance, HUD programs, and municipally financed multifamily housing.
• Strong financial analysis skills, including experience reviewing property financials and performance metrics.
• Strong analytical, communication, and strategic thinking abilities.

*The below represents the lowest to highest expected salary range for this job opening upon hire. Our client ultimately may pay more or less than the posted salary range, and the salary range may be modified in the future. Our client will consider job-related factors including, but not limited to, education, qualifications, certifications, experience, skills, geographic location, and business or organizational needs when determining pay