Asset Manager

California Community Reinvestment Corporation; Glendale (CA); Hybrid; USD 109,000 - 154,000; Full time

Benefits offered by this job

Generous benefits package

Hybrid work model

Meaningful impact on affordablehousing

Job summary

California Community Reinvestment Corporation in Glendale, CA is seeking an Asset Manager to oversee a portfolio of multifamily affordable housing loans held or serviced by CCRC. The role emphasizes portfolio health, borrower compliance, and investor reporting in a collaborative, hybrid environment.

Candidates should bring 5+ years in related finance, strong analytical skills, and experience with LIHTC, tax-exempt bonds, and agency lending programs. The team values balance, impact, and stability.

Qualifications

• 5+ years in multifamily asset management, affordable housing finance, underwriting, lending, or real estate finance.
• Strong underwriting, credit analysis, and financial statement analysis abilities.
• Experience with LIHTC, tax-exempt financing, Section 8, and agency/GSE lending programs preferred.
• Ability to analyze operating performance, reserves, vacancy trends, and property financials.
• Excellent written and verbal communication and strong organizational skills.

Responsibilities

• Analyze financial performance and operating trends across an assigned portfolio.
• Monitor borrower compliance with loan agreements and servicing requirements.
• Prepare loan reviews, risk ratings, and portfolio monitoring reports.
• Review financial statements, reserve balances, insurance, and taxes.
• Monitor watchlist and non-performing loans; identify risks and recommend actions.
• Coordinate with investors and servicing partners on reporting and transactions.
• Maintain portfolio data in the Asset Management system; support special projects.

Skills

Multifamily asset management

Financial statement analysis

Credit analysis

LIHTC knowledge

Portfolio monitoring

Excel proficiency

Communication skills

Attention to detail

Tools

Excel

Job description

California Community Reinvestment Corporation (CCRC) is California's premier multifamily affordable housing lender, helping finance affordable housing communities throughout the state since 1989. As a mission-driven nonprofit and Community Development Financial Institution (CDFI), CCRC partners with major banks, insurance companies, and institutional investors to support affordable housing developments serving families, seniors, veterans, formerly homeless residents, and individuals with special needs across California.

Headquartered in Glendale, CA, CCRC offers a collaborative, team-oriented environment where employees have meaningful visibility and impact within the organization. The company combines strong compensation and benefits with a hybrid work model and a culture that values work/life balance while continuing to make a measurable impact on affordable housing throughout California.

Role Description

CCRC is seeking an Asset Manager to join its Glendale-based team in a hybrid work environment. This individual will oversee and monitor a portfolio of multifamily affordable housing loans held or serviced by CCRC while supporting the long-term health and performance of the portfolio.

The Asset Manager will be responsible for analyzing property and loan performance, monitoring borrower compliance, preparing loan reviews and risk ratings, and supporting investor reporting and servicing requirements. This role will work closely with internal leadership, borrowers, investors, and servicing partners to ensure portfolio performance and compliance standards are maintained.

This is an excellent opportunity for someone coming from affordable housing finance, multifamily lending, banking, underwriting, or community development finance who is looking for a collaborative environment with strong work/life balance and long-term career stability.

Qualifications

• 5+ years of experience within multifamily housing asset management, affordable housing finance, underwriting, lending, or real estate finance
• Strong understanding of multifamily underwriting, credit analysis, and financial statement analysis
• Experience working with affordable housing financing structures strongly preferred, including:
• Low Income Housing Tax Credits (LIHTC)
• Tax-exempt bond financing
• Section 8
• Agency/GSE lending programs
• Federal, state, or local affordable housing programs
• Ability to analyze multifamily operating performance, reserve balances, vacancy trends, and property financials
• Experience managing or monitoring multifamily loan portfolios
• Strong Excel and analytical skills
• Excellent written and verbal communication skills
• Strong organizational skills with attention to detail and accuracy
• Self-starter capable of managing priorities independently within a collaborative team environment

What You'll Be Doing

• Analyze financial performance and operating trends across an assigned multifamily affordable housing portfolio
• Monitor borrower compliance with loan agreements and servicing requirements
• Prepare and manage loan reviews, risk ratings, and portfolio monitoring reports
• Review financial statements, operating reports, reserve balances, insurance, property taxes, and inspection reports
• Monitor watchlist and non-performing loans to identify risks and recommend corrective actions
• Support borrower consent requests including reserve distributions, ownership transfers, and property management changes
• Coordinate with investors regarding reporting requirements and servicing matters
• Maintain accurate portfolio information within the Asset Management database
• Assist with special projects, portfolio initiatives, and loan sale support as needed

What We Offer

• Collaborative and mission-driven culture
• Competitive compensation and bonus potential
• Generous benefits package
• Additional paid office closure between Christmas and New Year's
• Opportunity to make a meaningful impact on affordable housing throughout California
• Exposure to a wide variety of affordable housing transactions and financing structures

Compensation

Base salary range: $109,000 - $154,000 annually depending on experience and qualifications.

Additional Job Application Terms

This job is part of LinkedIn's Full-Service Hiring beta program. Eligibility is limited to candidates located in and performing services in the United States, excluding those based in Alaska, Hawaii, Nevada, South Carolina, or West Virginia.

We're committed to making our hiring process as smooth and timely as possible, and we understand that waiting to hear back can add to the anticipation. If you're a potential fit, our team will reach out within two weeks to progress you to the next stage. If you don't hear from us in that time, we encourage you to explore other opportunities with our team in the future, and we wish you the very best in your job search.