Senior Asset Manager – LIHTC / Affordable Housing
Remote or Hybrid
Role Summary
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 works closely with third-party property management teams, internal stakeholders, and development partners to maximize asset performance, ensure compliance, and preserve long-term affordability.
What You’ll Do
Portfolio & Operational Oversight
- Serve as the 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 the 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
Required 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
- Proficiency in Excel
- Strong communication skills and ability to manage multiple priorities independently
- Willingness to travel for periodic property visits