Senior Asset Manager

The Associated Network•Baltimore, MD

About The Position

CHAI is seeking a Senior Asset Manager to provide owner-level oversight of its affordable housing communities. The role focuses on portfolio performance, financial analysis, long-term planning, and accountability. The Senior Asset Manager works closely with property management partners, lenders, government agencies, and internal teams to help ensure properties remain financially healthy, well-maintained, compliant, and positioned for long-term success. The position emphasizes asset performance, risk management, and preservation planning.

Requirements

At least five years of progressively responsible experience in affordable housing asset management, housing finance, multifamily real estate, or affordable housing development.
Knowledge of affordable housing programs and regulations, including HUD, LIHTC, PRAC, HOME, or similar programs.
Strong financial analysis skills, including budgeting, variance analysis, cash flow review, and capital planning.
Experience working with third-party property management companies, lenders, investors, auditors, and regulatory agencies.
Ability to analyze information, identify risks, and make sound recommendations that support long-term portfolio performance.
Bachelor's degree in finance, Accounting, Real Estate, Business Administration, or a related field.
Advanced Excel skills and strong communication skills.

Responsibilities

Analyze and monitor the financial, operational, compliance, and physical performance of CHAI’s affordable housing portfolio.
Review financial statements, budgets, occupancy trends, delinquency reports, and other key performance metrics to identify risks and opportunities.
Oversee third-party property management performance, set expectations, and hold management accountable for results and follow-through.
Lead asset management meetings and track progress on identified issues and action plans.
Support capital planning, reserve management, refinancing, recapitalization, rehabilitation, and preservation efforts.
Monitor compliance requirements and coordinate reporting to lenders, investors, regulatory agencies, and other stakeholders.
Conduct property visits and collaborate with internal and external partners to support portfolio performance and CHAI’s mission objectives.