Affordable Housing Asset Manager (Portfolio Performance)

Laurel Street Residential; Charlotte (NC); On-site; USD 90,000 - 150,000; Full time

Job summary

Laurel Street Residential seeks an Asset Manager to oversee a portfolio of affordable multifamily communities, focusing on financial performance, regulatory compliance, and long-term value. You will partner with property management, development, accounting, and investors to execute business plans and protect cash flow.

You will lead budgeting, forecasting, and capital planning, while monitoring occupancy, rent collections, and subsidy programs.

Qualifications

• Bachelor's degree in Finance, Real Estate, Business, or related field; advanced degree preferred.
• 3–5 years of relevant multifamily asset management or affordable housing experience expected.
• Strong financial modeling, budgeting, variance analysis, and ability to interpret loan documents.

Responsibilities

• Monitor property-level financial and operating results against budgets and KPIs; identify variances and drive corrective action.
• Lead annual operating budgets, forecasts, cash flow analyses, and long-range capital planning; assess liquidity and funding gaps.
• Review monthly financial statements, operating expenses, NOI, debt service coverage, and accounts receivable.
• Oversee reserves, draw requests, and compliance with approval requirements.
• Hold management partners accountable for occupancy, leasing velocity, rent collections, and expense controls.
• Oversee lease-up and stabilization of new communities; coordinate with development, compliance, and operations teams.
• Conduct site inspections, monitor capital projects, insurance matters, and incidents.
• Assess rent strategies, subsidy receipts, and revenue opportunities within program restrictions.
• Prepare asset performance reports and updates for ownership, investors, and lenders.
• Monitor loan covenants, reporting deadlines, reserve requirements, and financing obligations.
• Support financing transactions through financial analysis and due diligence.
• Maintain relationships with internal teams, limited partners, lenders, housing authorities, and external stakeholders.
• Partner with compliance to oversee LIHTC adherence and program obligations.
• Coordinate annual audits, agency inspections, and responses to findings.
• Ensure timely delivery of complete financial information.

Skills

Financial modeling

Budgeting

Variance analysis

Interpreting financial statements

Stakeholder coordination

Written communication

Education

Bachelor's degree in Finance/Real Estate/Accounting

Advanced degree preferred

Tools

Excel

Job description

Laurel Street Residential seeks an Asset Manager to oversee a portfolio of affordable multifamily communities, focusing on financial performance, regulatory compliance, and long-term value. You will partner with property management, development, accounting, and investors to execute business plans and protect cash flow.

You will lead budgeting, forecasting, and capital planning, while monitoring occupancy, rent collections, and subsidy programs.