Senior Asset Manager

Mission Housing Development Corporation•San Francisco, CA

2d•$110,000 - $130,000•Hybrid

About The Position

The Senior Asset Manager works under the direct supervision of the Director of Asset Management to maintain Mission Housing’s high-quality assets and design and implement strategies for its multifamily portfolio. The role oversees the third-party property management company, supervises Asset Managers, and leads strategic management projects for the organization’s apartments and other residential buildings. The position aims to optimize portfolio performance over the mid and long term while delivering short-term projects. It provides high-level financial, physical, regulatory, and administrative services for affordable multifamily rental communities, requiring independent work and clear reporting with recommendations to the Director of Asset Management. The role is based in San Francisco in a hybrid work arrangement and is full-time.

Requirements

Experience working in affordable housing with multiple layers of funding.
Experience applying for and obtaining funding from HCD, HUD, TCAC, CDLAC, and other funding sources outside San Francisco.
Three to five years of real estate finance or asset management experience; the posting also specifies a minimum of five years’ experience supervising employees.
Experience with budgeting, forecasting, financial analysis, and regulatory-agreement compliance.
Ability to negotiate independently on behalf of Mission Housing Development Corporation.
Strong time-management and organizational skills, attention to detail, and technical project-management skills.
Advanced proficiency with Microsoft Office and property-management software such as YARDI.
Excellent written and verbal communication and relationship-management skills.
Strong problem-solving skills and flexibility while remaining focused on solutions.

Nice To Haves

Bachelor’s degree in real estate, finance, business, or a related field.
Certified Housing Asset Management (CHAM) designation.
Real estate finance or asset management experience preferably in 100% affordable housing or multifamily real estate.

Responsibilities

Monitor third-party property management firms’ daily operations and report significant information to the Director of Asset Management.
Lead and monitor third-party property managers’ lease-ups for new construction and occupied rehabilitation projects.
Identify, evaluate, and recommend capital improvements, replacement projects, and potential energy-efficiency retrofits.
Manage LIHTC capital accounts through annual analysis and exit tax projections, including exiting limited partners.
Collaborate with development, finance, and Resident Services teams on rehabilitation, re-syndication, portfolio goals, new construction, acquisitions, and service effectiveness.
Represent the owner’s interests and coordinate lease-up, marketing, outreach, waiting-list maintenance, and compliance with management plans, organizational policies, and regulatory requirements.
Develop and refine reporting procedures, databases, and information systems to track projects, improve communication, and distribute information to management.
Supervise Asset Managers and manage their performance, professional development, and training.
Review and analyze monthly property financial statements for reporting to the Director of Asset Management.
Review annual operating budgets to support multi-year plans and coordination with property management.
Ensure properties meet financial goals and obligations under agreements and regulations.
Contribute to audited financial statements, including related-party fees, contingent liabilities, reserves, and surplus cash analysis and distribution; ensure distributions are accurate and timely.
Represent Mission Housing to stakeholders, partners, lenders, property managers, vendors, residents, and community members.
Create asset management plans for the operating portfolio.
Conduct monthly site inspections and oversee physical risk management.
Manage insurance for the organization-controlled portfolio, including claims, deductibles, coverage levels, and related matters.
Oversee the creation, collection, and maintenance of physical specifications to preserve original design integrity while updating and greening the portfolio.
Lead due diligence on proposed acquisitions and recommend acquisitions and projects to the Director of Asset Management.
Research partnership agreements, financing and regulatory documents, tax returns, and other source documents to identify constraints and barriers to long-term needs.
Negotiate amendments to agreements with partners or lenders as needed and facilitate approval processes with lenders or investors.
Prepare and review reporting information due to investors and lenders.
File welfare exemptions and business entity forms.
Complete other real estate asset management, policy development, budgeting, planning, records, systems, and administrative tasks as assigned.
Perform other appropriate duties consistent with Mission Housing’s mission, including participating in community activities and events during or outside regular business hours as needed, and ensure staff participation.