Asset Manager

COMMUNITY CORPORATION OF SANTA MONI•Santa Monica, CA

10d•$75,300 - $94,100•Hybrid

About The Position

Community Corp is a mission-driven nonprofit dedicated to restoring, building, and managing affordable housing. Since 1982, we have developed and preserved over 2,000 homes throughout Santa Monica and the Westside. Our work goes beyond housing we strengthen neighborhoods, support thriving communities, and create lasting impact for thousands of residents. By expanding access to affordable housing, we help make our communities more inclusive, sustainable, and supportive for all. We are seeking a strategic and analytical Asset Manager to help drive the financial performance and long-term sustainability of our affordable housing portfolio. In this role, you will evaluate property performance, ensure compliance with complex regulatory requirements, and collaborate cross-functionally with Property Management, Maintenance, and Housing Development teams. This is a high-impact position for someone who thrives at the intersection of finance, data, and mission driven work. Seeking an Asset Manager to join our team as we transition to a data-driven environment. Strong analytical skills and a background in data analysis or advanced analytics are highly preferred.

Requirements

Multifamily experience in affordable housing development and/or property management
Relevant experience in multifamily property management for a general or limited partner
Specific knowledge of affordable programs, such as IRS Section 42 (LIHTC), HUD, LAHD, HCD, and CDLAC
Previous experience must include responsibilities for understanding property budgets, variance analysis, capital improvement plans, investor and lender reporting requirements
Detailed knowledge of and ability to interpret legal documents such as loan documents, limited partnership agreements, regulatory agreements and agreements for the provision of resident services
Advanced Microsoft Excel skills required (modeling, analysis, reporting)
Strong analytical thinking with the ability to make sound, data-driven decisions
Excellent interpersonal skills with the ability to collaborate across all levels
Strong written, verbal, and organizational skills
Self-motivated, detail-oriented, and adaptable
Ability to balance independent work with team collaboration
Ability to sit and use office equipment and computers for the majority of the workday
Ability to lift up to 25 pounds
Requires focus and adaptability in an environment with frequent interruptions
Occasional local travel within Santa Monica to visit properties
Air travel for conferences and trainings will as be required
Valid California driver’s license and insurance required
Background Check and Driving Record will be Conducted

Nice To Haves

Yardi experience preferred
Bachelor’s degree preferred
3–5 years of relevant job experience preferred
Experience in nonprofit or multi-funded housing organizations is a plus

Responsibilities

Leverage systems such as Yardi to enhance real-time reporting and portfolio analytics
Develop dashboards and reports to monitor financial and operational performance
Present findings and recommendations to leadership and Board members
Ensure compliance with regulatory agreements and funding requirements
Support resolution of operational and financial issues, including reserve requests and fund transfers
Coordinate responses to government agencies, lenders, and investors
Participate in annual property budgeting and financial planning
Complete and monitor annual Welfare Tax Exemption preparation, filing, and follow through (billings)
Create and implement plans for Limited Partners to exit properties financed with Low Income Housing Tax Credits (LIHTC)
Lead efforts to restructure the debt and equity on individual properties and pools of properties
Contribute to decisions regarding maximizing property cash flow and fees paid to Community Corp