AVP, Asset Management – Multifamily

Job Description:

• Develop and implement asset management strategies to maximize property performance, cash flow, and portfolio value while maintaining affordability commitments
• Prepare investment recommendation reports for new construction and rehabilitation including a market assessment, proposed construction scope, and accompanying operating proforma
• Oversee a regional portfolio of affordable housing properties, ensuring compliance with HUD, LIHTC, and other federal, state, and local regulatory requirements
• Monitor and analyze property performance metrics, including occupancy, rent collections, operating expenses, and capital needs
• Conduct regular property and market evaluations to identify opportunities for improvement or risk mitigation
• Manage property budgets and long-term financial planning, ensuring alignment with ownership goals
• Collaborate with property managers to optimize NOI (Net Operating Income) and meet financial targets
• Oversee annual audits, financial reporting, and tax credit compliance submissions
• Partner with property management companies to ensure consistent execution of operational strategies
• Collaborate with Development and Acquisitions teams to ensure seamless transitions of newly acquired or developed properties into the portfolio
• Identify and mitigate potential risks, including physical, financial, and regulatory challenges

Requirements:

• Bachelor’s degree in Business Administration, Finance, Real Estate, or a related field preferred
• Minimum 7 years of experience in asset management, real estate, or property management, with a strong focus on affordable housing
• Demonstrated understanding of LIHTC, HUD programs, and other affordable housing regulations
• Strong financial acumen, including experience with financial modeling, budgeting, and reporting

Benefits:

• health insurance coverage
• retirement savings plan
• paid holidays
• paid time off (PTO)