Asset Management Strategic Advisor

City of Seattle•Seattle, WA

1d•Hybrid

About The Position

Seattle’s Office of Housing works to build strong, healthy communities and increase opportunities for people of all income levels to live in our city. Our initiatives help stimulate housing development, allowing families to thrive and neighborhoods to provide a full range of housing choices and opportunities. A critical part of supporting this mission is to monitor the long-term sustainability and compliance with affordable housing requirements of the City of Seattle's investment in multifamily rental projects that receive direct capital investment. The Office of Housing is currently seeking an Asset Management Strategic Advisor who serves as the technical and analytical lead on complex City-financed preservation, stabilization, and redevelopment initiatives. The role applies advanced underwriting, financial analysis, economic forecasting, and portfolio evaluation to guide strategic decision-making and ensure the long-term sustainability of City-funded affordable housing. The Strategic Advisor collaborates with internal and external partners to structure financially feasible transactions, assess project and sponsor capacity, and align investments with City priorities.

Requirements

Demonstrated significant experience and expertise in underwriting, financial analysis, economic forecasting, and portfolio evaluation.
Commitment to listening, to creating space for diverse perspectives, and to pursuing inclusive and just outcomes.
Ability to utilize creativity and strategic thinking.
Strong problem-solving and interpersonal skills.
Experience in affordable housing finance and operations, including publicly and privately funded projects, community development, and housing serving homeless or special needs populations.
Underwriting and financial analysis experience across 20–40+ multifamily projects, including review of pro formas, operating budgets, audited financials, and long-term sustainability forecasts.
Experience developing and managing data systems, analytical platforms, or reporting tools, including integrating financial, regulatory, and physical asset data to support portfolio-wide analysis and decision making.
Knowledge in multifamily subsidy programs (LIHTC, HOME, CDBG, State HTF) and experience structuring or evaluating 5–10+ mixed finance developments or lending transactions (bridge/permanent loans).

Responsibilities

Developing and maintaining a portfolio-wide preservation strategy, including risk identification, recapitalization forecasting, and early-warning indicators.
Leading or supporting analytical underwriting and workout planning for at-risk properties in collaboration with CIT and other OH teams.
Partnering with Asset Managers to evaluate property performance and provide preservation-focused financial analysis and training on analytical tools.
Conducting portfolio-level financial modeling, long-term forecasting, and market trend analysis to inform preservation and Levy planning.
Leading financial diagnostics for assets, including operating pro formas, sustainability projections, and scenario modeling.
Assessing current data and analytical platforms, identify gaps, and manage enhancements while representing AM in officewide data governance.
Serving as the Office of Housing’s analytical representative in preservation-related negotiations, evaluation panels, and interdepartmental or external stakeholder processes.
Providing deep financial and regulatory analysis to guide Asset Management, Policy, CIT, and OH leadership on preservation, underwriting, and complex workout scenarios.
Partnering with Policy & CIT to supply financial insights that inform financing policies, funding guidelines, and regulatory document development.