Asset Manager

Housing Development Cor; Lancaster (Lancaster County); On-site; USD 70,000 - 90,000; Full time

Benefits offered by this job

Medical, Dental & Vision Coverage

401(k) with employer match

4 Weeks Paid Time Off

Paid Parental Leave

Professional Development

Job summary

A nonprofit housing organization is seeking an Asset Manager to oversee the performance of a diverse affordable housing portfolio. This role is pivotal in maximizing operational efficiency and financial performance while fostering collaborations with finance, development, and property management teams. Candidates should possess a bachelor's degree and at least five years in asset management, demonstrating strong analytical and communication skills. Benefits include medical coverage, paid time off, and professional development opportunities.

Qualifications

• Bachelor's degree in business or accounting or 5 years of related real estate experience required.
• Minimum of 5 years’ experience in asset management or real estate-related industry.
• Demonstrates accuracy and strong analytical skills.

Responsibilities

• Maximize financial and operational performance of HDC’s affordable housing portfolio.
• Collaborate with various teams to align financial performance with operational goals.
• Create and maintain KPI reports to guide leadership decisions.

Skills

Analytical skills

Communication

Collaboration

Attention to detail

Education

Bachelor's degree in business or accounting

5 years of related accounting/real estate experience

Tools

Yardi

MRI

RealPage

Microsoft Office Suite

Job description

If you are looking for a great employment opportunity, Housing Development Corporation MidAtlantic (HDC) is currently seeking an Asset Manager.

HDC MidAtlantic envisions a world where a safe, welcoming, affordable place to call home is open to everyone. We believe home shouldn’t be an impossible dream; it should be an attainable reality. We are resident advocates, trusted developers, property managers, community partners, and collaborators. We are part of the fabric of our towns and cities, and have been working with our neighbors since 1971 to create real change and meaningful connections. As champions of the greater good, we are committed to advancing equity, we open the door to opportunities, and we build homes that we can all be proud of.

HDC owns and/or manages over 3,300 apartments, providing housing that is safe and affordable to those with lower incomes, focusing on seniors, families, and individuals living with disabilities. Serving nearly 4,500 residents in 67 communities located in urban, suburban, and rural areas across Pennsylvania, Delaware and Maryland, HDC builds hope and opportunity for all residents to reach their full potential by creating, preserving, and strengthening affordable housing communities.

Benefits at HDC MidAtlantic

• Medical, Dental & Vision Coverage (Available Day 1)
• 401(k) with 3.5% Employer Match
• 4 Weeks Paid Time Off
• 11 Paid Holidays + Floating Holiday (Available Day 1)
• 12 Weeks Paid Parental Leave
• Summer Hours – Office closes at 12 PM on Fridays
• Employer Paid Life & Long-Term Disability Insurance
• Employee Assistance Program
• Student Loan Reimbursement (Eligible Non-Profit Employees)
• Employee Housing Opportunities
• Paid & Subsidized Professional Development

The Asset Manager plays a critical role dedicated to the long‑term stewardship and advancement of HDC’s mission. Applies asset management expertise and portfolio risk analysis to evaluate property performance, utilizing technology and data analytics to drive portfolio-wide insights and strategic decision‑making

This position is responsible for maximizing financial and operational performance and value of HDC’s diverse affordable housing portfolio and achievement of HDC’s asset management goals. The position collaborates closely with Finance, Real Estate Development, Property Management and Operational Leadership to support financial stability, sustainable growth, and long‑term portfolio performance that drives cash to parent.

Essential Duties and Responsibilities

The following statements reflect the general duties, responsibilities and competencies considered necessary to perform the essential duties and responsibilities of the job and should not be considered as a detailed description of all the work requirements of the position. HDC may change the specific job duties with or without prior notice based on the needs of the organization.

Asset Management

• Review in aggregate monthly property budget‑to‑actual results by comparing them to proforma and Key Performance Indicators (KPIs)
• Collaborate with Property Management, Real Estate Development, and Finance teams to align financial performance with operational realities and positive resident outcomes.
• Prepare clear, concise monthly performance summaries and dashboards for Board, executive management, investor, lender and regulatory agency reporting.
• Monitor Accounts Receivable, operating reserves, replacement reserves, and cash flow to support housing stability and long‑term viability.
• Develop and maintain cash flow and distribution projections for each property.
• Track and analyze capital expenditures across the portfolio, support capital planning, reserve adequacy analysis, and recapitalization readiness.
• Support utility benchmarking, cost‑containment strategies, and sustainability initiatives
• Conduct quarterly site visits to strengthen understanding of property operations and physical condition.
• Prepare and coordinate comprehensive deal books that consolidate financial, legal, and project documentation to support transaction execution.
• Assist CFO with special analyses related to acquisitions, Year 15 exit strategies, dispositions, refinancing, and evaluation of new housing models.

Asset Data Analytics

• Serve as a key administration of HDC’s Asset Management software, ensuring data integrity and producing actionable reports for variety of audiences.
• Create and maintain KPI reports and dashboards that provide timely, accurate insights to guide leadership and operational decisions.
• Monitor portfolio performance and provide early identification, risk analysis, and reporting of underperforming assets to drive timely mitigation strategies

Education, experience, and special requirements

• Positionrequires a bachelor’s degree in business or accounting or 5 years of related accounting/real estate experience.
• Position requires a minimum of five years’ experience in asset management/real estate‑related industry.
• Demonstrates accuracy, accountability, and strong analytical skills; understands how financial performance supports resident stability and long‑term mission impact. Ability to identify trends and make connections to operational efficiency.
• Translates financial data into clear insights that support decision‑making; communicates proactively, respectfully, and with integrity
• Embraces new systems, tools, and processes; contributes to HDC’s evolution toward future‑ready operations.
• Demonstrated ability to learn and quickly develop facility with software commonly used in real estate and financial reporting, such as Yardi, MRI, RealPage, etc.
• Position requires proficiency in Microsoft Office Suite.

Core Competencies (skills, knowledge, or abilities)

Quality of Work

Demonstrates commitment to their area of work, capability, and efficiency in completing work, and dedication to providing the highest quality deliverables and services. Takes ownership of their work and understands its impact on residents, partners, and the organization. Strives for excellence and motivated to give their best.

Teamwork and Collaboration

Able to work with colleagues toward shared goals. Understands the value of collaboration and teamwork to the success of their role, and willingly shares in responsibility and recognition when contributing to the capacity of the team. Works effectively and respectfully within and across teams and departments.

Communication

Demonstrates effective and proactive communication skills appropriate to their role; gives and seeks honest, respectful feedback; acts with integrity and empathy; mindful of managing and expressing one’s emotions respectfully in all situations. Understanding of diverse perspectives, viewpoints, and experiences.

Continuous Learning

Actively identifies new areas for self‑learning; regularly creating and taking advantage of learning opportunities; using newly gained knowledge and skill on the job and learning through their application. Takes initiative in the professional development.

Results Oriented

Reliably delivers intended results, on time and within budget. Is solution‑oriented and able to adapt in face of challenges; able to analyze and prioritize situations to solve problems; displays sound judgment and makes decisions in alignment with departmental and organizational goals.

Normal work environment

• Work environment will be indoors and outdoors and will require 5% annual travel.
• Requires moderate physical demands; lifting to 25 pounds, continuous standing, bending, walking, and lifting.

Equal Opportunity Employment

We believe in and practice equal opportunity. HDC MidAtlantic is an equal opportunity employer and does not unlawfully discriminate against employees or applicants for employment on the basis of an individual’s race, color, religion, creed, gender identity or expression, sexual orientation, sex, national origin, age, disability, marital status, veteran status, or any other status protected by applicable law. This policy applies to all terms, conditions, and privileges of employment, including recruitment, hiring, placement, compensation, promotion, discipline, and termination.