Operating Property Asset Manager

FWM PAYROLL CLEARING•Atlanta, GA

3d•Hybrid

About The Position

Affordable Equity Partners, Inc. (AEP) is a financial resources company founded in 1997 that provides services to developers and investors in the Section 42 Low-Income Housing Tax Credit (LIHTC) Program. AEP has more than 500 tax credit developments and has syndicated over $5 billion in federal and state tax credits. The Operating Property Asset Manager (OPAM) is the owner’s day-to-day point person for a portfolio of stabilized LIHTC properties. The role oversees property performance, asset value, compliance, leasing and marketing, reserve draws, and capital projects. It prepares investor commentary and budgets, maintains operating property risk ratings, responds to inspection findings and notices, and coordinates with internal teams and external stakeholders. The OPAM also supports refinancing and disposition efforts and promotes process improvements through AI and automation tools. The position is based in Atlanta, Georgia. It is initially in-office Monday through Friday and may move to a hybrid schedule after the training period.

Requirements

Bachelor’s degree in Real Estate, Finance, Business, Construction Management, or a related field, or equivalent experience.
4–7 years of experience in multifamily asset management or affordable housing.
Financial analysis experience and knowledge of the LIHTC program.

Nice To Haves

Experience with MRI or similar asset management systems.
Excel proficiency.
Comfort with automation and AI tools.

Responsibilities

Evaluate monthly and quarterly property performance, including profit and loss, occupancy, rent variance against budget, concessions, and utility expense trends.
Develop and implement action plans to address operating variances and meet or exceed underwritten expectations.
Work with the Compliance team to ensure continuing LIHTC compliance.
Prepare quarterly investor commentary and ad hoc updates.
Update AHIC Operating Property Risk Ratings in MRI software.
Maintain a clean audit trail for inspections, reserve draws, and capital projects.
Manage reserve draw requests, validate eligibility, and oversee capital projects from scoping through completion.
Ensure capital initiatives are delivered on time and within budget and close third-party inspection findings.
Oversee leasing and marketing strategies to maximize rents while maintaining target occupancy.
Evaluate rent comparables and recommend concessions, lease terms, and staffing changes; approve marketing expenditures and track results.
Support refinancing and disposition efforts by providing operating histories, capital projections, and compliance documentation.
Champion process improvement and adoption of AI and automation tools for reporting, compliance, and portfolio monitoring.