Asset Manager

KM Partners | Affordable Housing Solutions; United States; On-site; USD 85,000 - 125,000; Full time

Job summary

KM Partners is recruiting an Asset Manager to oversee the financial and operational performance of a portfolio focused on LIHTC and HUD assets. This role works closely with Property Management, Regional Management, Development, Acquisitions, lenders, and investors to shape asset strategy across the lifecycle of affordable housing investments.

The candidate will engage with senior leadership on asset plans, budgets, and market analysis, ensuring long-term viability and strong performance within a

Qualifications

• 3-5+ years of Affordable Housing Asset Management experience.
• Experience working with multifamily Affordable Housing assets; HUD experience is a plus.
• Strong understanding of financial analysis, accounting, and investment modeling.
• Proficiency in Excel and financial modeling.
• Understanding of partnership agreements and LIHTC requirements.
• Strong written and verbal communication skills.
• A proactive, analytical, and solutions-oriented approach.

Responsibilities

• Develop and execute asset management strategies to maximize financial and operational performance.
• Analyze property-level financial and operational performance and identify opportunities for improvement.
• Partner with Property and Regional Managers on budgets, forecasts, leases, and operational initiatives.
• Monitor cash flow, distributions, investment projections, and overall financial performance.
• Conduct market analysis and evaluate competitive rents.
• Prepare asset management reports and present findings to senior leadership and key stakeholders.
• Proactively identify issues and develop solutions to support long-term viability of each asset.
• Maintain strong relationships with property managers, investors, lenders, housing agencies, and other partners.

Skills

Financial analysis

Investment modeling

Communication skills

Analytical thinking

Proactive approach

Cross-functional collaboration

Tools

Excel

Job description

KM Partners has been exclusively retained in the search of an Asset Manager by the Head of Asset Management of a highly respected, nationally established Affordable Housing organization to join their growing team.

The Opportunity

The Asset Manager will oversee the financial and operational performance of a portfolio with a focus on LIHTC and HUD assets. The position offers meaningful involvement in the front end of deals and ongoing asset strategy, partnering closely with Property Management, Regional Management, Development, Acquisitions, lenders, investors, and other key stakeholders.

This is an excellent opportunity for an Asset Manager with strong LIHTC experience who is looking to broaden their impact across the full life cycle of Affordable Housing investments. The role provides direct exposure to senior leadership, a sophisticated and vertically integrated platform, and a clear path for long-term professional growth within a stable organization that places a strong emphasis on work-life balance.

About the Organization

• National Affordable Housing organization with a presence across 20+ states
• More than 30 years of experience in the industry
• Highly respected reputation throughout the Affordable Housing community
• Vertically integrated platform spanning Development, Acquisitions, Construction, Asset Management, and Property Management
• Large and diverse portfolio providing exposure to sophisticated Affordable Housing operations
• Established and financially stable organization with strong resources
• Long-tenured leadership and employees
• Collaborative, approachable, and family-friendly culture
• Genuine commitment to the mission of Affordable Housing
• Multiple avenues for professional growth and advancement

Key Responsibilities Include

• Develop and execute asset management strategies to maximize the financial and operational performance of assigned assets
• Analyze property-level financial and operational performance and identify opportunities for improvement
• Partner with Property and Regional Managers on budgets, forecasts, business plans, leases, and operational initiatives
• Monitor cash flow, distributions, investment projections, and overall financial performance
• Conduct market analysis and evaluate competitive rents
• Prepare asset management reports and present findings to senior leadership and key stakeholders
• Proactively identify issues and develop solutions to support the long-term viability of each asset
• Maintain strong relationships with property managers, investors, lenders, housing agencies, and other partners

What They’re Looking For

The ideal candidate will have:

• 3-5+ years of Affordable Housing Asset Management experience
• Experience working with multifamily Affordable Housing assets; HUD experience is a plus
• Strong understanding of financial analysis, accounting, and investment modeling
• Proficiency in Excel and financial modeling
• Understanding of partnership agreements and LIHTC requirements
• Strong written and verbal communication skills
• A proactive, analytical, and solutions-oriented approach

About KM Partners

At KM Partners, we’ve placed 500+ professionals across the Affordable Housing and Tax Credit industries in more than 100 markets. We’re highly selective about the organizations and searches we take on, allowing us to build deep, long-term relationships with the clients we represent.

KM Partners has worked with this organization for 8 years, giving our team first-hand knowledge of its culture, leadership, team dynamics, growth opportunities, work environment, and the qualities that differentiate it within the Affordable Housing industry.