Asset Management Director

Sequoia Living•San Francisco, CA

1d•$130,000 - $145,000

About The Position

We are hiring an Asset Management Director who will serve as a strong partner in protecting and improving the long-term financial performance, physical condition, and value of new and existing real estate properties. This leader provides oversight of a 3-property affordable housing portfolio, capital project support across all service areas, and contributes to the due diligence associated with new developments, redevelopment, and/or affiliations in affordable housing and continuing care retirement communities (CCRCs).

Requirements

7+ years of experience in affordable housing asset management, real estate portfolio management, housing finance, or development.
Knowledge of LIHTC, PBV, Section 8, regulatory compliance, partnership structures, and reserve management.
Strong financial analysis skills, including budgeting, forecasting, financial reporting, occupancy, delinquency, and cash-flow analysis.
Experience overseeing third-party property management providers and evaluating portfolio performance.
Experience with capital planning, physical needs assessments, project budgets, and property-risk evaluation.
Ability to support development, redevelopment, acquisition, or affiliation due diligence.
Strong project management, problem-solving, communication, and stakeholder-management skills.
Proficiency with Microsoft Excel and relevant property management or financial reporting systems.
Bachelor’s degree in real estate, finance, business, accounting, or a related field—or equivalent experience.
Ability to travel to Sequoia Living locations in Northern California.

Nice To Haves

Experience with senior housing, nonprofit real estate, re-syndication, refinancing, or LIHTC investor exits is preferred.

Responsibilities

Primary liaison with Affordable Communities property management provider.
In partnership with the VP of Community Services, ensure we proactively foster strong relationships with residents, team members, and key stakeholders.
Provide concise reporting and recommendations to executive leadership, including key operational, financial, and compliance metrics; identify risks, corrective actions, and established goals.
Guide annual budgeting, review monthly financial results, monitor occupancy and delinquency trends, and oversee operating and replacement reserves to support long-term asset sustainability.
Oversee compliance with management agreements, LIHTC, PBV/Section 8, welfare tax exemption requirements, and other applicable regulatory obligations, ensuring timely reporting, certifications, audits, and resolution of findings.
Provide oversight of re-syndication planning, tax credit compliance, capital account monitoring, rent optimization strategies, reserve utilization, and investor exit or partnership restructuring activities.
Ensure General Partner obligations are fulfilled and maintain awareness of legislative and policy developments that may affect portfolio operations, financing, or compliance.
In partnership with the Chief Business Development Officer, support due diligence efforts of new developments and possible affiliations for affordable and continuing care retirement communities.
Assist in evaluating prospective development, redevelopment, and affiliation opportunities, including market analysis, financial feasibility, operational considerations, and mission alignment.
Coordinate with internal and external stakeholders to gather, analyze, and synthesize information required for investment, partnership, and affiliation decision-making.
Provide support in assessing project risks, opportunities, and strategic fit, and in preparing recommendations for executive leadership and the Board.
In partnership with the VP of Facilities, analyze purchase options and capital projects for Sequoia Living locations, including Affordables, CCRCs, and Senior Center(s).
Initiate proactive conversations about the investments needed to preserve and improve the physical condition of Sequoia Living communities and assets.
Collaborate with Legal, Risk Management, and internal stakeholders to support insurance compliance and ensure coverage requirements established by regulatory agencies, financing partners, contracts, and other agreements are appropriately addressed.
Engage in obtaining physical needs assessments every five years (including health and safety issues).
Conduct periodic site visits to assess property condition and risks.
Review scopes, budgets, and execution of capital work.