Asset Manager

Greystone; Irving (TX); Remote; USD 80,000 - 120,000; Full time

Job summary

A leading company in commercial real estate finance is seeking an Asset Manager to oversee operations of an affordable housing portfolio. The role requires strong analytical skills and LIHTC experience, with responsibilities including monitoring asset performance and ensuring compliance with regulations. Candidates can work remotely, promoting a flexible work environment.

Qualifications

• At least 5 years of LIHTC industry experience with a successful track record.
• Deep knowledge of LIHTC, tax credit regulations, and affordable housing finance.
• LIHTC Compliance Certification (current or planned) is preferred.

Responsibilities

• Oversee LIHTC properties through analysis and reporting.
• Monitor construction progress and review financial statements.
• Ensure ongoing compliance with all relevant regulations.

Skills

Communication

Problem-Solving

Organizational

Time-Management

Education

Bachelor’s degree in business, finance, real estate, or related field

Tools

Microsoft Office

Excel

Job description

Join to apply for the Asset Manager role at Greystone.

Greystone is a private national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare finance, with over $12 billion in loan originations in 2024. The firm ranks in the Top 10 for Fannie Mae & Freddie Mac multifamily loan originations and is the #1 HUD Multifamily and Healthcare Lender nationwide. Greystone also leads in affordable housing, seniors housing, and small balance loans. We are committed to our purpose of improving lives, fostering a culture of inclusion, and supporting our team members.

Role Overview

Greystone Real Estate Capital is seeking an Asset Manager reporting to the Director of Investment Management. The role involves monitoring the operations of an affordable housing portfolio, working closely with Fund Management to report on asset performance to investment partners. Remote candidates are considered.

Primary Duties and Responsibilities

• Oversee LIHTC properties through analysis and reporting.
• Build relationships with general partners, management companies, and stakeholders.
• Monitor construction progress, review draws, change orders, and inspection reports.
• Analyze leasing activity, occupancy, and traffic reports.
• Process equity requests, ensuring compliance with partnership agreements.
• Review financial statements and occupancy reports; identify trends.
• Risk rate partnerships, develop and implement action plans.
• Approve annual budgets and assess financial performance.
• Conduct site inspections and ensure insurance compliance.
• Stay informed on LIHTC regulations and best practices.
• Ensure ongoing compliance with all relevant regulations.
• Contribute to team efficiency and process improvements.

Qualifications

• Bachelor’s degree in business, finance, real estate, or related field.
• At least 5 years of LIHTC industry experience with a successful track record.
• Deep knowledge of LIHTC, tax credit regulations, and affordable housing finance.
• Proficiency in Microsoft Office, especially Excel.
• Excellent communication skills.
• Ability to work independently and collaboratively.
• LIHTC Compliance Certification (current or planned).
• Strong problem-solving, organizational, and time-management skills.
• Willingness to travel for site inspections.

Work Environment

The team supports remote work, maintaining high performance and strong relationships through regular virtual meetings and occasional off-site visits.

Additional Information

Greystone values diversity and inclusion, fostering an environment where all individuals can thrive. We are an EEO employer.