Asset Manager

T&H • Carmel, IN

5d

About The Position

T&H Investments is a Carmel-based affordable housing developer and owner with a portfolio of roughly eight operating affordable properties, primarily focused on LIHTC, and three additional properties under construction across the Midwest and Atlantic seaboard. Its properties are operated day to day by third-party property management companies.

The Asset Manager is the portfolio’s day-to-day operating steward and the primary contact for third-party property managers. The role tracks property performance against budgets and business plans, supports compliance and reporting, and helps ensure properties meet company standards. The Asset Manager sits within Finance & Accounting and works directly with the CFO, while helping develop AI-assisted reporting and portfolio analytics. The company will coach the successful candidate in the workings of affordable housing asset management and values judgment, curiosity, and follow-through over extensive experience.

The role also supports finance and accounting projects, property-level strategic analysis, development underwriting, lease-up, and project handoffs at stabilization. Occasional scheduled in-person property visits are required. Duties may change as deemed necessary by the company, and the employee may be assigned additional work by supervisors or company officials.

Requirements

• Bachelor’s degree in business, accounting, finance, economics, real estate, or a related field.
• Five or more years of experience in real estate, property management, asset management, accounting, or finance; strong earlier-career candidates will also be considered.
• Ability to read and analyze property financial statements.
• Strong Excel skills.
• Clear written and verbal communication skills.
• Ability to hold third parties accountable in a professional, collaborative way.
• Genuine comfort with AI tools and willingness to keep learning as they evolve.
• Coachable, organized, and detail-oriented, with a habit of following through.
• Ability to fulfill the position’s performance standards and comply with company policies, rules, procedures, and supervisory instructions.

Nice To Haves

• Exposure to or experience with affordable housing, including LIHTC, HUD, or state housing agency programs.
• Accounting background or coursework.
• Experience working with third-party property managers.
• Management experience overseeing third-party property managers.
• Familiarity with real estate valuation, discounted cash flow (DCF), and sensitivity analysis.

Responsibilities

• Serve as the primary contact for third-party property management companies and hold them accountable to approved budgets, management agreements, and company standards.
• Lead regular check-ins with property managers and escalate issues to the CFO early, including presenting options.
• Support annual reviews, assessments, and renewals of property management agreements.
• Make occasional scheduled visits to each property to verify condition and performance.
• Review monthly property financials against budgets and business plans, explain variances, and update annual projections.
• Support annual operating-budget preparation and provide property managers with clear feedback.
• Identify underperforming properties early and help develop workout plans.
• Track capital expenditures against budgets, capital-needs assessments, and lender requirements; review bids.
• Prepare and review quarterly and annual investor, lender, and agency reports for accuracy and timely submission.
• Track compliance with debt, equity, incentive, and grant agreements, including escrow funding, property tax payments, and PILOT or abatement filings.
• Track insurance renewals, solicit bids, negotiate new policies when needed, and coordinate claims with the CFO.
• Maintain asset-management files, the owned-real-estate schedule, and related portfolio schedules.
• Support refinance, sale, and hold analyses, including valuations, sensitivities, and broker opinion or appraisal reviews.
• Collaborate with the development team to ensure realistic operating costs, including expenses, utilities, taxes, and management, are reflected in underwriting.
• Participate with Development during lease-up and initial occupancy, and take over each project at stabilization.
• Assist with finance and accounting projects and processes, such as reconciliations, accrual reviews, audit support, and reporting clean-up.
• Help build and improve AI-assisted reporting and portfolio analytics.
• Take on special projects as needed and perform other duties or assignments requested by supervisors or company officials.

Benefits

• Flexibility to help balance work and family life.
• A collaborative, connected work environment guided by servant leadership and the Entrepreneurial Operating System (EOS).

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level