Affordable Housing Investments - Senior Asset Manager

Barings • Chicago, IL

1d

About The Position

The individual will be tasked to lead asset management responsibilities for primarily multifamily properties, both debt and equity. This includes working closely with other asset managers to closely monitor and report periodically on the overall debt and equity portfolio. This individual will also work closely with the underwriting team to assist with capital calls when transactions are ready to fund and manage the assets after funding. Working closely with internal and external partners to identify issues early on and work with their manager to propose viable solutions to address identified issues, when necessary. The position will require consistency of approach to solutions and managing the portfolio in a manner that minimizes negative impacts or losses.

Requirements

• 8-10 years of commercial real estate debt experience in multifamily
• Bachelor's Degree in Real Estate or Finance
• Experience with both LIHTC debt and equity
• Knowledge of affordable and workforce housing industry including LIHTC is helpful but not required
• Solid understanding of Microsoft Word, PowerPoint and Excel
• Experience in portfolio construction lending is a plus
• Proactive self‑starter with outstanding communication, analytical, and organizational strengths, adept at managing multiple priorities.
• Excels in team‑based environments while confidently driving work forward independently in a dynamic setting.
• Ability to build cohesive relationships that incorporates core values, builds trust and promotes a productive environment among teammates and within the overall Barings Real Estate platform
• Strong desire to learn and work collaboratively to help grow the Affordable Housing platform

Responsibilities

• Lead asset management for a diverse national portfolio of multifamily properties, ensuring optimal performance and compliance
• Asset manage LIHTC debt and equity transactions, applying deep understanding of program requirements and deal structures
• Monitor and analyze assets across debt and equity portfolios, driving informed decision-making
• Partner with loan servicing teams to collect and analyze property operating data
• Generate annual risk ratings and other portfolio performance summary reports
• Build strong relationships with external partners, developers, and operators, proactively requesting and evaluating property data to support strategic objectives
• Support capital call processes, ensuring timely and accurate execution of funding requirements
• Present to investment committee to communicate deal progress, surface critical issues, and support informed credit decisions
• Occasional travel may be required

Benefits

• CORE BENEFITS & WELLNESS
• Medical (including Virtual Care), Prescription, Dental, and Vision Coverage
• Fitness Center Reimbursement Program (Including Online Memberships)
• Employee Assistance Program (EAP)
• Fertility Benefits
• FINANCIAL WELL-BEING
• Highly competitive 401(k) Plan with Company Match
• Health Savings Account (HSA) with Company Contributions
• Flexible Spending Accounts (FSA) - Health Care & Dependent Care
• Retirement Health Reimbursement Account
• LIFE INSURANCE
• Basic and Supplemental Life Insurance
• Spouse and Child Life Insurance
• TIME OFF, DISABILITY AND LEAVE OF ABSENCE
• Paid Vacation, Sick Days and Annual Holidays
• Paid Leave of Absences (Maternity Leave, Parental Leave, Caregiver Leave, Bereavement Time)
• Short and Long Term Disability Plans
• Paid Volunteer Time
• OTHER BENEFITS
• Education Assistance Program
• Charitable Matching Gifts Program
• Commuter Reimbursement Program
• Adoption and Surrogacy Reimbursement Program

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 501-1,000 employees