Senior Asset Manager — LIHTC & Affordable Housing

Gorman & Company; Quinte West; Hybrid; CAD 132,000 - 222,000; Full time

Benefits offered by this job

Competitive salary

Discretionary annual bonus

Medical, dental, and vision insurance

Disability and life insurance

401(k) with company match

PTO and holidays

Parental leave

Lifestyle spending accounts

Pet insurance

Gym reimbursement

Professional development opportunities

Job summary

Gorman & Company is seeking a high-level Senior Asset Manager with extensive multifamily affordable housing experience to join our growing Asset Management team. This senior role focuses on the financial performance, strategic direction, and long-term value of LIHTC and other affordable housing assets.

You will lead asset management, analyze financial statements, model forecasts, monitor compliance, and collaborate with investors, lenders, and internal teams to optimize portfolio performance and

Qualifications

• 7+ years of progressive experience in asset management and/or affordable housing, including substantial direct experience managing multifamily affordable housing assets.
• Strong financial expertise and advanced analytical skills, including financial statement analysis, NOI, cash flow, budgeting, forecasting, capital planning, financial modeling, investment analysis, and advanced Microsoft Excel proficiency.
• Deep knowledge of LIHTC and affordable housing programs, including LURAs, HOME, Section 8, RAD, partnership structures, Year 15, investor requirements, regulatory compliance, and investor audits.

Responsibilities

• Lead the asset management of a portfolio of LIHTC and other affordable housing communities, ensuring long-term financial performance, regulatory compliance, and alignment with ownership objectives.
• Analyze property financial statements, operating results, NOI, cash flow, budgets, financial variances, debt service, reserves, and other key performance indicators to identify risks and opportunities and recommend corrective actions.
• Prepare, maintain, and analyze complex financial models, forecasts, return-on-investment analyses, and capital account reporting to support asset and portfolio-level decision-making.
• Review and approve annual operating budgets, financial reforecasts, capital improvement plans, and reserve funding strategies.
• Monitor debt covenants, partnership agreements, reserve requirements, financing obligations, and investor requirements to identify and mitigate financial and contractual risks.
• Evaluate assets and develop recommendations for refinancing, restructuring, recapitalization, syndication, disposition, investor exits, and other strategic transactions.
• Negotiate investor buyouts and manage financial analyses and transaction activities related to refinancing, investor exits, and asset dispositions through closing.
• Support equity releases, loan conversions to permanent financing, and other financing activities associated with development and stabilized assets.
• Ensure compliance with LIHTC, LURAs, HOME, Section 8, RAD, and other applicable federal, state, and local affordable housing programs.
• Oversee regulatory audits, physical inspections, investor reporting, and communication with lenders, investors, and governmental agencies while resolving complex compliance and operational issues.
• Review legal, financial, partnership, and regulatory documents to identify risks, recommend solutions, and protect ownership interests.
• Partner with Property Management, Development, Accounting, Compliance, and Executive Leadership to support financial performance, occupancy, capital planning, and long-term portfolio strategy.
• Conduct periodic site visits to evaluate property condition, operational performance, capital needs, and regulatory compliance.
• Monitor national financing trends, market conditions, and affordable housing programs to identify opportunities and inform portfolio strategy.
• Mentor and provide guidance to Asset Managers and other team members while contributing to departmental best practices and continuous improvement.

Skills

Financial analysis

Financial modeling

Budgeting

Excel

Investor relations

Strategic leadership

Communication

Education

Bachelor's degree in Finance/Real Estate

Tools

Financial modeling software

Job description

Gorman & Company is seeking a high-level Senior Asset Manager with extensive multifamily affordable housing experience to join our growing Asset Management team. This senior role focuses on the financial performance, strategic direction, and long-term value of LIHTC and other affordable housing assets.

You will lead asset management, analyze financial statements, model forecasts, monitor compliance, and collaborate with investors, lenders, and internal teams to optimize portfolio performance and