Senior Asset Manager

National Housing Trust•Washington, DC

21h•Hybrid

About The Position

National Housing Trust (NHT) is seeking a Senior Asset Manager to oversee the administration of certain developments in the organization’s portfolio. This role ensures that operations align with NHT’s mission and values, assets maintain strong physical and financial well-being, and compliance with legal and regulatory requirements is met. The Senior Asset Manager will also ensure all internal and external reporting requirements are fulfilled accurately and timely. This position involves monitoring and reporting on asset performance, identifying potential issues, and supervising property management performance. The Senior Asset Manager will participate in the development process for new properties, providing input on rehab/construction plans and proposed operating budgets. This role collaborates closely with NHT’s internal teams (Real Estate Development, Community Outreach and Impact, and Finance), general partners, managing agents, investors, third-party vendors, and consultants. This position is DC-based and qualifies for a hybrid work schedule, requiring a minimum of two days per week (Tuesdays and Thursdays) at NHT’s administrative office.

Requirements

Bachelor’s degree in relevant field required.
7 years minimum of real estate asset management / management experience.
Experience working with properties with multiple capital and operating subsidies.
Strong analytical skills, including identifying trends in asset financial performance and building tools for analysis and presentation.
Experience with MRI, Smartsheet, Yardi, and Real Page.
Knowledge of Section 42 LIHTC and Section 8 HUD regulations and regulatory agreements, and HUD programs.
Experience working with diverse and low-income populations.
Excellent interpersonal, organizational and communications skills, verbal and written.
Commitment to NHT’s mission, including a deep dedication to assisting low-income families.

Nice To Haves

Track record of overseeing improved property/asset performance preferred.
Experience working with resident services and resident organizations preferred.
Detail-oriented, self-starter who anticipates challenges and enjoys working in team to identify resources and solutions.
Property Manager’s License a plus.
Collaborative spirit and positive attitude.

Responsibilities

Manage and implement operations plans for assigned portfolio (10-15 properties), ensuring the performance and success of the asset through its lifecycle, analyzing property performance, valuation, market trends, and implementing strategies to maximize income.
Review and approve monthly financial reporting packages regularly to ensure timely reporting to relevant parties.
Analyze reports for performance against budget.
Collaborate with the finance team to complete periodic distributions and ensure accurate financial projections and reporting.
Provide oversight of third-party property management by ensuring completion of annual property budgeting process, coordination of capital improvements, and conducting periodic operations meetings that include resident services and property management staff.
Monitor properties for compliance with loan, partnership, regulatory, and/or LIHTC agreements.
Develop schedule for and perform site inspections to observe the properties physical condition, compliance with LIHTC regulations, site staff effectiveness, local market, and competition.
Assist with maintenance of portfolio watchlist.
Identify potential problems and develop strategies and action plans to address such issues based upon ongoing review of management reports and staffing, audits, and third-party studies.
Develop workout plans, as necessary, establish success metrics for plans and monitor via watchlists.
Review operating partnership tax returns, financial statements, audits, and work through resolutions oversight of workout plans.
Create and/or monitor plans for Year 15 withdrawal of investors and annually review tax capital accounts and credits for each LIHTC property.
Assist with identifying and executing refinancing strategies, including HUD loan programs.
Ensure accurate and timely internal and external reporting and compliance, including all applicable regulatory requirements associated with either the financing or the governmental jurisdiction.
Assist with the development of internal asset management systems, including policy and procedure documentation, reporting, projections, and property performance evaluation tools.
Design and lead one or more session in the annual property managers’ meetings.
Monitor property performance in comparison to budget, initial underwriting, and operation of similar properties.
Provide analytical assistance using spreadsheets and databases.
Review and internally process requests for release of funds for replacement reserve accounts.
Produce development of fee projections to NHT Communities from property operations for properties in assigned portfolio for inclusion in NHT Communities budget and oversee asset management operations to ensure those budget projections are met.