Asset Management Division Manager

City of Seattle; Seattle (WA); Hybrid; USD 165,000 - 172,000; Full time

Benefits offered by this job

Hybrid work model

Comprehensive benefits package

Job summary

City of Seattle’s Office of Housing is seeking an Asset Management Division Manager to lead compliance monitoring and strategic asset management for affordable and market‑rate housing funded by the City. You will guide a team responsible for fiscal health, compliance, and redevelopment planning across about 20,000 income/restricted units.

You will set direction, mentor five staff including four asset managers and one advisor, and collaborate with legal and financial partners to ensure high

Qualifications

• Experience in multifamily affordable housing asset management.
• Experience supervising staff and coordinating cross‑functional teams.
• Ability to interpret local housing laws, contracts, and regulatory requirements.
• Knowledge of city financing, LIHTC, and bond financing is preferred.

Responsibilities

• Oversee asset management operations to ensure fiscal and physical soundness of the portfolio.
• Identify problems from property reports, site visits, and third‑party studies and implement action plans.
• Conduct analyses to inform asset management policies and decisions.
• Interpret development agreements, management/leasing plans, and covenants with city requirements.
• Develop internal asset management systems, reporting, and tools; mentor staff.

Skills

Leadership

Asset management

Policy & planning

Financial analysis

Team management

Stakeholder engagement

Communication skills

Job description

Seattle’s Office of Housing (OH) works to build strong communities upholding a vision that everyone has a healthy and affordable home. We partner to create affordable housing by equitably investing to prevent displacement and increase opportunities for people to live in Seattle. A critical part of supporting this mission is to monitor the long-term sustainability and affordable housing compliance of the City of Seattle's investment in multifamily rental projects that receive direct funding.

The Office of Housing is currently seeking an Asset Management Division Manager who will lead ongoing compliance monitoring in the OH Asset Management Unit. This position requires a seasoned and dynamic leader with exceptional organizational and interpersonal skills to guide a high-performing team through complex projects involving financing, population needs, programming, and operational challenges.

The Manager sets the strategic vision and direction for asset management activities and operations of affordable and market-rate housing properties in accordance with City loan and/or regulatory requirements. There are approximately 20,000 income and rent restricted units in buildings that have received a direct investment from the City of Seattle Office of Housing.

The Manager is responsible for implementing systems to increase the efficiency and effectiveness of the Asset Management division to ensure the continued strength of OH housing providers and their properties. This may include developing strategies for project re-development, re-investment, and operations.

The Manager provides strategic leadership, mentorship, and coordination for a team consisting of a Strategic Advisor and four full-time Senior Asset Managers/Asset Managers, fostering collaboration and accountability across the division. Together, the team is responsible for:

• Ensuring that Office of Housing’s portfolio is fiscally and physically sound, properly managed, and compliant with affordable housing requirements.
• Based upon ongoing review of property reports, site visits, and third-party studies, identifying potential problems and develop strategies and action plans to address compliance or operating issues. Consults with and assists staff and agency representatives in the resolution of problems; makes recommendations or takes corrective action as appropriate.
• Conducting analyses to promote optimal portfolio performance and to inform asset management and compliance policies and decisions.
• Analyzing and interpreting real estate appraisals, real estate proformas, operating budgets, balance sheets, and other financial information related to project or portfolio performance.
• Reviewing and interpreting development-related agreements, management and leasing plans, and covenants with City-requirements and help resolve legal, contractual, and technical issues by working with counsel.
• Preparing complex asset management reports and analyses.
• Developing, recommending, and helping administer internal asset management systems including policy and procedure documentation, reporting, projections, and property performance tools.
• Establishing and maintaining effective and cooperative working relationships with colleagues, team members, consultants, legal counsel, project owners, managing agents, and local, state, and federal government agencies, and lenders and investors.

This position will work with and lead across all the Office of Housing (OH) lines of business as a member of the Senior Leadership Team. The Manager works closely with OH Director, Director of Capital Investments (Rental Housing), Director of Policy & Planning, the Director of Finance & Administration, the Contracts & Programs Manager, the Communication Manager, and the Market Incentives Program Manager; the Manager reports to the Deputy Director.

Your top 3 priorities in this role will be:

1. Setting the strategic vision and direction as a public funder for asset management activities and operations of affordable and market-rate housing properties in accordance with City loan and/or regulatory requirements. Providing leadership and oversight for the OH portfolio and opportunities for project redevelopment, re-investment, and operations.
2. Supervising and supporting a staff of five, including four full-time Asset Managers and one strategic advisor. The team is responsible for ensuring that the OH portfolio is fiscally and physically sound, properly managed, and compliant with affordable housing requirements. This includes identifying problems and proposing solutions and action plans to address compliance or operational issues.
3. Conducting analyses to promote optimal portfolio performance and to inform policies and decisions.

Please note: This job ad is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities required of the employee. Duties, responsibilities, and activities may change at any time with or without notice.

You will be most successful in this role if you have demonstrated experience in multifamily affordable housing asset management, housing management, affordable housing real estate development, housing financing, or other related experience. Additionally, experience as a manager to helm projects that are complex in nature due to the underlying financing, population, programming, and operational challenges. A commitment to listening, creating space for diverse perspectives, and the pursuit of affordable housing for all must be at the center of your professional practice. The ability to communicate at all levels tactfully and effectively will also contribute to your success. Specifically, you’ll be prepared to take on this role with a combination of the following:

Knowledge and Experience:

• Proven ability to lead and inspire multidisciplinary teams, fostering a culture of accountability, collaboration, and continuous improvement.
• Demonstrated excellence in organizational planning, cross-departmental coordination, and stakeholder engagement.
• Managing people and teams, with skill in balancing delegation with direct support.
• Supervision, training, and performance evaluation
• Affordable, multifamily housing development and redevelopment activities, including public financing, utilization of low-income housing tax credit, and bond financing.
• Affordable housing management, asset management, subsidy programs, quality control, and compliance.

Skills:

• Excellent interpersonal, organizational, and communication skills, including both verbal and written skills.
• Strong analytical skills, including problem-solving and conflict management.
• Planning, organizing, directing, and coordinating the work of assigned personnel

The Ability to:

• Demonstrate a passion for the Office of Housing vision/mission and a strong commitment to Seattle Race & Social Justice Initiative
• Prepare clear and comprehensive written reports on technical and administrative matters.
• Assess financial and operational performance of rental properties
• Interpret and apply applicable local and federal housing laws, including Fair Housing and Landlord-Tenant laws.

This full-time, civil-service position is FLSA-exempt (not eligible for overtime) and is classified as a Manager 2, Human Services.

Salary: The full salary range for this step-progression position is $54.60 - $81.93 per hour. Following a pay equity and budget analysis, the identified salary range for this role is $79.00 - $82.17 / hour ($164,952 - $171,570.96 annually, based on 2088 hours per year).

Schedule: This position is a hybrid position with employees expected to work in person 3 days a week and 2 days a week remotely. The employee in this position will periodically be required to travel to properties within the Office of Housing’s portfolio occasionally.

Benefits: The City of Seattle offers a comprehensive benefits package including vacation, holiday, and sick leave as well as medical, dental, vision, life and long-term disability insurance for employees and their dependents. More information about employee benefits is available on the City's website at: https://www.seattle.gov/human-resources/benefits

Background Check: Applicants must successfully pass a background check, which will be conducted in accordance with Seattle’s Fair Chance Employment Ordinance, SMC 14.17. Applicants will be given a chance to explain or correct background information and provide verifiable information of good conduct and rehabilitation.

Driving Record Request: If selected to advance in this hiring process, you may be asked to obtain a complete driving record from the Department of Licensing.

Hiring Timeline: We anticipate conducting the first and second rounds of interviews during the October 21 – November 10, 2026. Our goal is to have the selected new hire start in December 2026.

Accommodations: Individuals with disabilities will be provided reasonable accommodations to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. Please email [e-mail] to request accommodation.

Who May Apply: This position is open to all applicants who demonstrate alignment with the skills and experience described above. The City of Seattle values diverse perspectives and life experiences. Applicants will be considered regardless of race, color, creed, national origin, ancestry, sex, marital status, disability, religious or political affiliation, age, sexual orientation, or gender identity. The City encourages people of all backgrounds to apply, including people of color, immigrants, refugees, women, LGBTQ individuals, people with disabilities, veterans, and those with diverse life experiences.

Why Work at the City?At the City of Seattle, public service is more than a job; it’s a chance to shape the future and make a meaningful difference in the lives of everyone who works, lives, or plays in our city. With 12,000 employees across 40+ departments and 1,100 job titles, we are united by a common purpose: to create a Seattle that is vibrant and welcoming for all. Whatever your role, you’ll help power a forward-looking city that leads by example — inclusive, innovative, equitable, and community-focused — while joining a diverse team committed to solving challenges and making a lasting impact together. Join us in building a Seattle where everyone thrives!