Senior Asset Manager

Senior Asset Manager – LIHTC / Affordable Housing • *Remote Or Hybrid** Role Overview The Senior Asset Manager is responsible for the financial, operational, and strategic oversight of a portfolio of stabilized LIHTC and affordable housing communities. Acting as the owner’s representative, this role partners closely with third-party property management teams, internal stakeholders, and development partners to maximize asset performance, ensure compliance, and drive long-term value while preserving affordability. Key Responsibilities Portfolio & Operational Oversight • Serve as primary owner’s representative for an assigned LIHTC portfolio. • Lead regular performance calls with property management teams to review operations, leasing, collections, and risks. • Monitor key performance indicators including occupancy, leasing activity, delinquencies, and collections. • Develop and execute asset-level strategies to improve NOI, operational efficiency, and resident experience. Financial Management • Review and analyze monthly financial statements and operating performance. • Prepare monthly and quarterly cash flow reporting and projections. • Lead annual budget preparation and ongoing forecast updates. • Perform quarterly cash flow analyses and annual cash waterfalls. Compliance & Risk • Ensure ongoing compliance with LIHTC, HUD, and other applicable regulatory requirements. • Assist audits, tax credit deliverables, and compliance reporting in coordination with Finance department and third parties. • Identify operational, financial, and regulatory risks and implement corrective action plans. Property & Capital Oversight • Conduct periodic site visits and prepare written site visit reports. • Review physical condition, capital needs, and execution of operational initiatives. • Coordinate with property management and vendors on capital projects and operational improvements. Stakeholder Management • Build and maintain strong relationships with property management companies, lenders, consultants, and internal teams. • Prepare and deliver clear performance updates to internal stakeholders and partners. • Support development and acquisitions teams with asset-level insights as needed. Qualifications • Bachelor’s degree preferred • 15+ years of LIHTC property management experience • OR 4+ years of experience in multifamily asset management, with a focus on LIHTC or affordable housing • Strong financial analysis skills, including budgets, forecasts, and operating statements • Excel proficiency • Strong communication skills and ability to manage multiple priorities independently • Willingness to travel for periodic property visits Apply Now Apply Now