Affordable Housing Asset Manager

Selby Jennings; California; On-site; USD 90,000 - 150,000; Full time

Job summary

Selby Jennings client seeks an Asset Manager in Burlingame, CA to join its Portfolio Management team overseeing nationwide affordable housing investments. You will work closely with senior leadership to drive asset performance and risk management.

Requirements include 5+ years in real estate asset management, familiarity with LIHTC, HUD, and Section 8, strong financial analysis and Excel skills, and the ability to travel as needed within the portfolio.

Qualifications

• 5+ years of real estate asset management experience, ideally with affordable housing exposure.
• Familiarity with affordable housing programs such as LIHTC, HUD, and Project-Based Section 8.
• Strong financial analysis, Excel, and quantitative skills.

Responsibilities

• Monitor asset and portfolio performance, including financial reporting and metrics.
• Partner with borrowers, servicers, property managers, and stakeholders to drive asset-level performance.
• Conduct property reviews and site visits, identifying opportunities and executing plans.
• Oversee asset stabilization, capital projects, and post-closing initiatives.
• Evaluate strategies related to asset turnarounds, workouts, and dispositions.
• Monitor construction progress, lease-up, and operational transitions when applicable.
• Support portfolio management, asset oversight, and risk management across multiple vehicles.
• Collaborate with leadership on process improvements and strategic initiatives.

Skills

Real estate asset management

Financial analysis

Communication skills

Problem-solving

Self-starter

Travel willingness

Tools

Excel

Job description

Our client, a leading affordable housing investment manager, is seeking an Asset Manager to join its growing Portfolio Management team in Burlingame, CA. This individual will work closely with senior leadership and play a key role overseeing a nationwide portfolio of affordable housing investments.

The firm manages over $5.5 Billion in affordable housing-related investments and has helped finance tens of thousands of affordable housing units across the U.S. This is an opportunity to join a mission-driven platform with an established track record and sophisticated institutional capital partners.

Key Responsibilities

• Monitor asset and portfolio performance, including financial reporting, operational metrics, and risk exposure.
• Partner with borrowers, servicers, property managers, and other stakeholders to drive asset-level performance.
• Conduct property reviews and site visits, identifying operational improvement opportunities and executing business plans.
• Oversee asset stabilization, capital projects, and post-closing asset management initiatives.
• Evaluate and implement strategies related to asset turnarounds, workouts, and dispositions.
• Monitor construction progress, lease-up, and operational transitions when applicable.
• Support broader portfolio management, asset oversight, and risk management efforts across multiple investment vehicles.
• Collaborate with leadership on process improvements and strategic initiatives.

Preferred Qualifications

• 5+ years of real estate asset management experience, ideally with affordable housing exposure.
• Familiarity with affordable housing programs such as LIHTC, HUD, and Project-Based Section 8.
• Strong financial analysis, Excel, and quantitative skills.
• Self-starter with strong judgment, problem-solving ability, and communication skills.
• Comfortable working independently in a fast-paced environment.
• Willingness to travel as needed within the portfolio.

Why Work Here?

• First Asset Manager on the team with immense growth potential