Senior Asset Manager
About The Position
Under the direction of the Director of Asset Management, the Senior Asset Manager oversees a portfolio of mixed-finance and conventional public housing properties to ensure their physical and financial health. The role assesses property performance, monitors compliance with HUD, HANO, and other regulatory and investor requirements, performs trend analysis, manages stakeholder relationships, positions the portfolio to deliver financial results, and prepares reports that support the long-term viability of the agency’s real estate portfolio and its ability to provide quality affordable housing. The Senior Asset Manager contributes judgment and resourceful problem-solving to the stewardship of affordable and mixed-income housing. The role works with third-party owners, property management entities, HANO departments, and external stakeholders. It monitors property operations, physical conditions, finances, and compliance; supports policy development and implementation; coordinates reporting, contracts, and training; and advises the Director of Asset Management on property, development, modernization, and repair matters. Other duties may be assigned.
Requirements
- Bachelor’s degree from an accredited college or university, majoring in management, business administration, finance, social policy/social science, public policy, or a related field.
- At least five years of real estate management experience, or an equivalent combination of education and experience.
Nice To Haves
- Master’s degree in a related field.
- Specific experience in multifamily housing, HUD programs, federal procurement, and property or asset management.
- Professional designation in Multifamily Management or Low-Income Housing Tax Credits from NAA, IREM, NAHRO, NAHMA, or NCHM.
Responsibilities
- Analyze properties’ operational performance, physical condition, program compliance, and market strength.
- Collect and verify data to track property performance.
- Monitor third-party owners and property management entities for compliance with operating agreements, contracts, and regulatory requirements; recommend action regarding non-compliance or default to the Director of Asset Management as needed.
- Monitor portfolio physical conditions through site visits, management reports, and Capital Needs Analyses.
- Provide technical assistance and HANO policy guidance to third-party owners and property management entities.
- Coordinate with owners and property managers to resolve resident issues brought to HANO’s or HUD’s attention.
- Arrange and coordinate portfolio-wide contracts as needed.
- Assist in preparing annual Operating Subsidy submissions to HUD and annual operating budgets for HANO-managed properties.
- Coordinate compliance report submissions to HUD, IRS, investors, lenders, regulatory agencies, and others.
- Collaborate across HANO departments to ensure investor and lender reporting requirements are met.
- Review property operating budgets, financial statements, and audits; compare performance with projections and budgets and recommend corrective actions for financial issues.
- Analyze monthly property financial statements and reports and notify the Director of Asset Management of performance issues.
- Develop and implement monitoring tools as needed.
- Research public housing policy and draft policy and lease revisions at the Director of Asset Management’s direction; coordinate with HANO departments to maintain agency-wide policy consistency.
- Review and revise management policies and procedures across the portfolio as needed to ensure regulatory compliance.
- Complete tasks supporting compliance with reporting, recordkeeping, and related requirements, including data entry into HANO’s management data system.
- Coordinate and conduct training on HUD and HANO policies and procedures and HANO’s management data system for HANO staff and staff of third-party owners and property management entities.
- Collaborate with other HANO departments to analyze Year 15 investor exits from LIHTC deals.
- Coordinate with the Director of Asset Management on modernization, extraordinary repairs, and new development issues.
- Review development proposals and provide analysis and recommendations to the Director of Asset Management as needed.
- Perform other duties as assigned.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
