Asset Management Analyst
Location: Brooklyn, NY
Work Arrangement: Hybrid
Employment Type: Full-time
Requisition ID: 52098
Role Summary
The Asset Manager will oversee the financial, operational, and physical performance of RiseBoro's affordable housing portfolio and commercial properties. This role requires strong cross-functional coordination with property management, fiscal, development, and sustainability teams to ensure long-term asset health and mission alignment.
What You'll Do
- Create and maintain business plans for each asset, updating them at least annually based on performance and market conditions
- Optimize portfolio performance (e.g., NOI growth) through revenue, expense, and margin target-setting, monthly/quarterly variance tracking, and corrective actions
- Oversee annual operating budgets and reforecasts; assist in building-specific analytics and budget support as needed
- Develop and standardize asset management processes, reporting templates, models, and data systems to drive accountability and performance
- Prepare and analyze annual income and expense reports to identify trends; develop KPIs and tracking systems to inform decision-making
- Coordinate use of Yardi and other reporting tools to enhance portfolio visibility and decision speed
- Manage cash flow projections, capital call needs, inter-company loans, and deferred developer fee tracking
- Work with Fiscal and Property Management teams to update financial schedules (REO, Contingent Liabilities, Deferred Developer Fees)
- Assess capital needs and reserve adequacy across the portfolio; lead strategy on reserve utilization
- Coordinate asset recapitalization and refinancing efforts (e.g., RAD for PRAC, HPD PLP, Tax Credit Syndication/Re-syndication, Fannie/Freddie/FHA executions)
- Lead underwriting and financial strategy for major recapitalizations, in collaboration with development and construction management teams
- Liaise with RiseBoro's fiscal team to bridge communication between finance and property operations
- Plan and oversee capital projects including end-of-life system replacements, compliance upgrades, and value-add initiatives—from bid to completion with ROI forecasting
- Conduct regular site visits to ensure properties remain in a state of good repair
- Collaborate with Property Management to assess capital needs across the portfolio
- Support Year 15 exits for LIHTC properties
- Support transitions from development to stabilized operations, including lease-up, cost certifications, 8609s, insurance, and utility setup
- Assist with due diligence related to acquisitions or dispositions of housing stock in coordination with RiseBoro Housing Development
- Help prepare deal books at construction closing and coordinate transition meetings post-closing
- Work with the Sustainability Team to evaluate and structure financing for energy upgrades and retrofits, including the RB Solar initiative and other innovative green financing options
- Lead quarterly asset reviews and investor reporting
- Maintain relationships with lenders and syndicators; act as point of contact for in-service projects
- Collaborate with legal and risk management to set property-level insurance and risk mitigation standards and communicate them to Property Management
Required Qualifications
- 2-4 years of experience in affordable housing, development, or related experience
- Bachelor's Degree
- Advanced Excel skills
- Demonstrated experience or understanding of multi-family housing
- Highly organized, detail-oriented, and self-motivated
- Strong writing, communication, and analytical skills
- Ability to work independently or as part of a team
- Passionate about the affordable housing industry and sustainable building practices
Preferred Qualifications
- Master's Degree in a related field
- Affordable housing experience (market-rate experience is an acceptable substitute)
- Experience in low income housing tax credits (9% and 4%) transactions and/or Year 15 transactions
Compensation
$80,000–$110,000
Equal Opportunity Statement
RiseBoro provides equal employment opportunity to all employees and applicants for employment without regard to race, color, age, creed, religion, national origin, citizenship status, political or union affiliation, marital or partnership status, sex, sexual orientation or affectional preference, gender identity, familial status, genetic information or predisposition or characteristic, disability, status as a victim of domestic violence, status as a veteran or member of the U.S. military and related obligations, or any other characteristic protected by law. RiseBoro makes reasonable accommodations based on religion and/or disability as required by law.
