Asset Manager

CCH•Walnut Creek, CA

9d•$94,650 - $132,532

About The Position

The Asset Manager is accountable for the long-term sustainability and performance of a diverse portfolio of properties. The role exercises decision-making authority in financial oversight, regulatory compliance, and strategic planning to optimize asset value and minimize risk. The Asset Manager develops and executes strategies to support operational excellence, financial health, compliance with governing requirements, owner returns, and portfolio growth. This position reports directly to the Director of Asset Management and has no supervisory responsibilities. It is full-time and exempt, and is based at CCH’s Central Office in Walnut Creek, California, or may be based at an approved remote work location. The listed annual salary ranges are $94,650–$132,532 in California and $85,079–$119,279 outside California. Most new hires are brought in at the minimum of the applicable range. CCH builds and manages quality, affordable housing in caring communities. Its vision is to transform communities by fostering human dignity, mutual respect, personal independence, and supportive environments. Its stated values are sustainability, integrity, and independence.

Requirements

Bachelor’s degree (B.A. or B.S.) in accounting or finance.
At least 5 years of progressively responsible, relevant work experience in affordable housing asset management or a related field.
Advanced-level Excel skills.
Proficiency with Microsoft Office 365.
Prior experience with accounting systems and processes.
Ability to handle multiple tasks simultaneously.
Strong interpersonal skills and excellent written, verbal, and organizational skills.
Attention to detail and accuracy.
Customer service orientation and ability to communicate with tact and diplomacy.
Effective organizational and time-management skills, with a proven ability to meet deadlines.
Strong analytical and problem-solving skills.
Ability to act with integrity, professionalism, and confidentiality.
Satisfactory completion of a background check is required after a conditional job offer.

Nice To Haves

Experience in the real estate and affordable housing industry.
Knowledge of Yardi Voyager Accounting, including Core, GL, Financial Reporting, Budgets, and Financials modules.

Responsibilities

Contribute to caring and positive working and living environments for employees and residents.
Establish annual property and capital budgets and submit them for final approval.
Prepare Budget Based Rent Increases for submission to HUD and follow through until approved.
Complete and submit timely compliance and financial reporting required by third-party agencies and controlling documents, including HUD, investors, and state agencies.
Review monthly financials for all properties in the portfolio.
Submit Reserve for Replacement and Residual Receipt requests to HUD.
Work with Real Estate Development on refinance and new-project pro formas.
Provide financial reporting to boards as needed.
Complete SAM renewals.
Monitor surplus cash monthly and ensure annual surplus cash is distributed as appropriate.
Respond to annual financial statement inquiries from third parties.
Review draft audits and oversee corrective action as needed.
Maintain an understanding of key property documents, including partnership, regulatory, loan, and subsidy documents, and their obligations and opportunities.
Conduct periodic physical property inspections.
Ensure the receipt of deferred developer fee payments, asset management fees, and other owner incentives or reimbursements, maximizing owner waterfall opportunities.
Ensure fulfillment of other waterfall obligations to subordinate lenders.
Develop a Year 15 exit strategy.
Work with internal departments and third-party agencies as requests arise.
Update contact information with third-party agencies when changes occur.
Update HUD Secure Systems information, changes, and requests.
Submit and track insurance claims until they are closed.
Maintain KPI and financial analytics dashboards.
Perform other duties as assigned.