Asset Manager

Gorman & Company; Oregon (WI); Hybrid; USD 68,000 - 112,000; Full time

Benefits offered by this job

Comprehensive medical, dental, and vision insurance

401(k) with up to 6% company match

Generous paid time off starting at 18 days

Paid parental leave

Lifestyle Spending Accounts

Additional voluntary benefits like pet insurance

Job summary

Gorman & Company is seeking an Asset Manager to join their Asset Management team. This hybrid position is available in Oregon, Wisconsin, Phoenix, Arizona, or Denver, Colorado. The Asset Manager will oversee the financial performance and long-term success of a nationwide portfolio of affordable housing communities.

If you have a passion for affordable housing and strong analytical skills, this role offers competitive compensation and comprehensive benefits, including hybrid working flexibility, a discretionary annual bonus, and generous paid time off.

Qualifications

• Three or more years of experience in affordable housing.
• Experience with LIHTC programs and affordable housing financing structures.
• Strong understanding of financial statements and cash flow analysis.

Responsibilities

• Manage the financial and operational performance of a portfolio.
• Prepare financial models and portfolio forecasts for strategic decision-making.
• Conduct site visits to evaluate property conditions and compliance.

Skills

Analytical skills

Relationship management

Financial analysis

Communication skills

Proficiency in Microsoft Excel

Education

Bachelor's degree in Finance, Accounting, Real Estate, Business or related field

Tools

Financial analysis tools

Job description

Join our team as an Asset Manager!

Gorman & Company is seeking an analytical and relationship-driven Asset Manager to join our growing Asset Management team. This hybrid position can be based in our Oregon, Wisconsin; Phoenix, Arizona; or Denver, Colorado offices. In this role, you'll represent ownership by overseeing the financial performance, regulatory compliance, and long-term success of a nationwide portfolio of affordable housing communities while partnering with internal teams, investors, lenders, and agency partners.

If you're passionate about affordable housing, enjoy financial analysis, and thrive in a collaborative environment where your work directly impacts communities nationwide, we'd love to hear from you.

What You'll Do

• Manage the financial and operational performance of a portfolio of LIHTC and affordable housing communities while representing ownership interests.

• Monitor property financial statements, cash flow, NOI, operating trends, and key performance metrics, providing recommendations to improve asset performance.

• Prepare financial models, investment analyses, portfolio forecasts, and return-on-investment reporting to support strategic decision-making.

• Review partnership agreements, operating agreements, loan documents, and regulatory requirements to understand ownership structures and financial obligations.

• Partner with Property Management, Development, Accounting, and Compliance to maximize long-term asset value and operational success.

• Assist with refinancing, recapitalizations, Year 15 planning, investor exits, loan conversions, and other portfolio transactions.

• Review annual operating budgets, capital improvement plans, reserve balances, and reforecasts while identifying opportunities for operational improvements.

• Prepare investor, lender, and ownership reporting while maintaining professional relationships with external stakeholders.

• Conduct site visits throughout the nationwide portfolio to evaluate property conditions, operational performance, and compliance with affordable housing requirements.

• Stay informed on LIHTC regulations, affordable housing programs, financing opportunities, and industry trends to support portfolio strategy and compliance.

• Travel throughout the portfolio (approximately 25%), including overnight travel, to support property visits, stakeholder meetings, and strategic initiatives.

What You'll Bring

• Bachelor's degree in Finance, Accounting, Real Estate, Business, or a related field required.

• Three or more years of experience in affordable housing with a strong emphasis on portfolio financial analysis, asset performance, or real estate finance.

• Experience with LIHTC programs and affordable housing financing structures; prior asset management experience is strongly preferred.

• Strong understanding of financial statements, cash flow analysis, budgets, capital planning, and portfolio performance metrics.

• Excellent written and verbal communication skills with the ability to confidently interact with investors, lenders, syndicators, and executive leadership.

• Proficiency in Microsoft Excel and financial analysis tools with exceptional analytical and organizational skills.

• Valid driver's license and reliable transportation required for regular property visits.

• Ability to travel nationwide approximately 25%, including overnight travel and occasional evening or weekend work as business needs require.

Compensation & Benefits

• Competitive salary of $68,000-$112,000 annually, based on experience, qualifications, geographic location, and market conditions.

• Hybrid work schedule offering flexibility while collaborating with our corporate teams.

• Discretionary annual bonus opportunity based on individual and company performance.

• Comprehensive medical, dental, and vision insurance to support you and your family.

• Company-paid short-term disability, long-term disability, and life insurance.

• 401(k) with up to a 6% company match to help you build your future.

• Generous paid time off starting at 18 days per year plus 11 paid holidays.

• Paid parental leave and Lifestyle Spending Accounts to support your well-being.

• Additional voluntary benefits including pet insurance and gym reimbursement.

If you're ready to help maximize the performance of a nationwide affordable housing portfolio while making a meaningful impact on communities across the country, we'd love to hear from you. Apply today!

We are an equal opportunity employer.