Asset Manager

FWM PAYROLL CLEARING INC • Atlanta, GA

4d • Onsite

About The Position

The Operating Property Asset Manager (OPAM) at Affordable Equity Properties (AEP) is responsible for the day-to-day oversight and performance of a portfolio of stabilized LIHTC (Low-Income Housing Tax Credit) properties. This role is pivotal in ensuring asset value, compliance, and operational excellence across the assigned portfolio.

Requirements

• Bachelor’s degree in Real Estate, Finance, Business, Construction Management, or related field (or equivalent experience).
• 4–7 years of experience in multifamily asset management or affordable housing, with strong financial analysis and LIHTC program knowledge.

Nice To Haves

• Experience with MRI or similar asset management systems, and comfort with automation/AI tools is preferred.

Responsibilities

• Asset Performance & Operations: Owns monthly and quarterly property performance, including P&L review, occupancy, rent variance, and utility trends. Develops and implements action plans to address variances and ensure properties meet or exceed underwritten expectations.
• Compliance & Reporting: Maintains LIHTC compliance in partnership with the Compliance team, ensuring annual recertifications and adherence to regulatory requirements. Manages responses to Housing Finance Agency (HFA) 8823 reports and coordinates with Legal and Compliance for timely cures. Prepares quarterly investor commentary and ad-hoc updates.
• Risk Management: Updates AHIC Operating Property Risk Ratings in MRI software, ensuring a clean audit trail for inspections, reserve draws, and capital projects.
• Capital Projects & Reserve Management: Manages reserve draw requests, validates eligibility, and oversees capital projects from scoping to completion. Ensures timely and on-budget delivery of capital initiatives and closure of third-party inspection findings.
• Leasing, Marketing & Revenue Optimization: Directs leasing and marketing strategies to maximize revenue and occupancy. Approves marketing expenditures and works with property management on resident retention and lease enforcement.
• Capital Markets, Refinance & Disposition Support: Supports refinancing and disposition efforts by providing accurate operating histories, capital projections, and compliance documentation.
• Continuous Improvement & AI Adoption: Champions process improvement and the adoption of AI/automation tools to enhance reporting, compliance, and portfolio monitoring.
• Stakeholder Coordination: Ensures smooth asset transitions from Development Asset Management and maintains responsive communication with internal and external stakeholders.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 11-50 employees