Director of Asset Management

Lotus Company•Salt Lake City, UT

7d•Onsite

About The Position

The Director of Asset Management is a senior leadership role accountable for the overall asset management strategy, execution, and performance across the Lotus portfolio. This position leads the Asset Management team and partners closely with Development, Property Management, Finance, Compliance, and Investments to maximize asset value, ensure regulatory compliance, and support long-term portfolio health. The Director establishes portfolio-wide standards, policies, and performance benchmarks while maintaining hands-on oversight of business plans, capital strategies, investor relations, and risk management. This role serves as the senior point of accountability for asset performance and reports to executive leadership.

Requirements

Bachelor’s degree in business, finance, real estate, or related field required.
8 – 12+ years of direct experience in multifamily real estate asset management.
Significant experience with LIHTC and affordable housing portfolios strongly preferred.
Proven success executing value-add strategies and capital programs.
Strong financial modeling, analytical, and strategic planning skills.
Experience leading teams and managing complex portfolios.
Advanced proficiency in Excel and financial reporting tools.
Excellent communication and leadership skills.
Ability to operate both strategically and tactically in a fast-paced environment.

Nice To Haves

Master’s degree and professional certifications such as CHAM or CCIM are a plus.

Responsibilities

Strategic Portfolio Leadership
Establish and continuously refine the asset management strategy across the full portfolio.
Set portfolio-wide financial, operational, and compliance objectives aligned with company goals and mission.
Establish performance benchmarks, reporting standards, and asset-level priorities.
Identify opportunities to enhance value through leasing strategy, operational improvements, redevelopment, recapitalization, and long-term repositioning.
Asset Strategy and Performance Management
Ensure all communities execute approved business plans and achieve financial, operational, and strategic objectives.
Lead implementation of asset-level strategies to maximize value and mitigate risk.
Monitor portfolio performance through dashboards, financial reporting, and regular asset reviews.
Evaluate hold versus sell decisions, refinancings, recapitalizations, Year 15 strategies, and dispositions as appropriate.
Financial Oversight and Analysis
Oversee budgeting, forecasting, and long-range financial planning for the portfolio and asset management function.
Review and approve major financial decisions including refinancing, capital expenditures, reserve utilization, and changes to asset strategy.
Provide clear, data-driven analysis and recommendations to executive leadership and the Board.
Ensure strong financial modeling, scenario analysis, and underwriting collaboration for new and existing assets.
Capital Planning and Physical Asset Oversight
Lead large-scale capital planning and execution across the portfolio, including prioritization and ROI evaluation.
Manage and approve multi-year capital plans, physical plant compliance, and reserve usage in coordination with Operations and Facilities.
Oversee major renovation, repositioning, redevelopment, and energy efficiency initiatives.
Ensure capital projects are delivered on schedule, within budget, and aligned with long-term asset strategy.
Cross-Functional Collaboration
Partner with Development and Investments during underwriting, diligence, closing, and post-closing transitions.
Collaborate closely with Property Management to drive NOI growth, operational efficiency, and alignment with ownership goals.
Coordinate with Finance on long-term planning and Compliance on regulatory requirements including LIHTC, HUD, loan covenants, and insurance.
Support leasing strategy and performance in collaboration with internal teams and external brokers, as applicable.
Stakeholder and Investor Relations
Serve as the senior point of contact for investors, syndicators, lenders, and joint venture partners on asset-level performance.
Lead owner calls, equity partner updates, and portfolio performance reviews.
Ensure timely, accurate, and transparent reporting to investors and stakeholders.
Represent Lotus’s asset management capabilities and track record with external partners.
Risk Management and Compliance
Maintain ultimate accountability for regulatory and financial compliance across the portfolio.
Ensure systems and processes are in place to track compliance deadlines and obligations.
Lead portfolio-level risk assessments and develop mitigation strategies.
Approve asset-level compliance certifications and documentation as required.

Benefits

Medical, dental, and vision insurance coverage, with eligibility beginning 30 days after employment
Health Savings Account (HSA) option
Access to telehealth and virtual care services
Mental health and wellness support, including expedited access to therapy and counseling resources
Basic life insurance, with the option to purchase additional coverage
Short-term disability insurance
Paid time off (PTO), accruing at 15 days per year
Ten (10) paid company holidays annually
401(k) retirement plan with employer match
Performance-based bonus program based on company and individual performance
Employee recognition and milestone celebrations
Access to an on-site fitness facility
Covered, year-round parking in an attached garage
Daily office amenities, including coffee, snacks, and beverages