Asset Manager - Bay Area, CA

LIHTC Leaders; Oakland (CA); On-site; USD 120,000 - 140,000; Full time

Job summary

The Pacific Companies in the Bay Area seeks an experienced Asset Manager to oversee a growing portfolio of LIHTC properties across Oakland, San Francisco, and San Jose. The role involves coordinating with management companies, lenders, and housing authorities, with travel within the Bay Area.

You will analyze financial statements, budgets, and regulatory documents, ensure compliance, and guide post-closing changes. Proficiency in Excel and asset management software (Yardi/MRI) is valued.

Qualifications

• Bachelor’s degree in Finance or related field.
• 5+ years of financial or real estate experience; asset management preferred.
• Experience with LIHTC programs and related compliance requirements.

Responsibilities

• Oversee economic, financial, physical, and compliance needs of portfolio.
• Collaborate with finance, construction, architecture, and accounting teams.
• Research LIHTC program documents and understand asset requirements.

Skills

Asset management

Financial analysis

LIHTC knowledge

Stakeholder management

Excel

Education

Bachelor’s degree in Finance or related field

Tools

Yardi

MRI

Job description

Location: Oakland, San Francisco or San Jose, CA

Employment Type: Full-time

Compensation: $120K-$140K, depending on experience

About The Employer

Named as a national "Top 10" Affordable Housing Developer by Affordable Housing Finance Magazine, The Pacific Companies is a catalyst for growth, deploying comprehensive real estate development capabilities and shaping neighborhoods. Established in 1998 and based in Eagle, Idaho. With communities across the US facing a shortage of quality housing, The Pacific Companies is seeking ambitious, productive, and trustworthy individuals to join the team.

Role Summary

We are seeking an experienced Asset Manager for the Bay Area who can oversee a growing portfolio of properties. The job would require some travel to properties in the Bay Area.

What You'll Do

• Oversees and manages the economic, financial, physical, and compliance needs of their portfolio, including creating strategies for each asset for optimum performance
• Collaborate with other departments including finance, construction, architecture, and accounting to ensure all aspects of the assets meet company standards and compliance standards
• Researching legal and other pertinent documents (i.e. LPAs, subsidy contracts, loan agreements, tax returns, audits, regulatory agreements, guaranty agreements, cash flow/capital transaction waterfalls, etc) to understand each asset's requirements of Low-Income Housing Tax Credit (LIHTC) program. Understand the implications of the program and how they impact the operations of rental communities
• Review detailed financial and operational planning, and budgeting to identify issues for reforecasting or resolution
• Work with Management companies and operating software to ensure financials, rent rolls, annual budgets, tax returns, and audit reviews are loaded and accurate
• Identify, prioritize, and follow-up on problems/issues with projects and/or credit and work with general partners to help resolve issues
• Provide guidance on requirements for post-closing changes, work with the team to ensure documentation is adequate, and completed timely, staying in the loop on any issues
• Coordinate with property management, housing authorities, supportive services, project managers, and other development team members to ensure that lease-up, marketing, outreach, and maintenance of waiting lists are handled in accordance with the management plan and all regulatory requirements and, that goals for lease-up are met on time
• Work collaboratively to collect data, track projects, enhance communication, and distribute to department and greater asset management team
• Conduct project site visits, and review property management companies and practices
• Compiles or oversees and tracks the submission of Annual State, Federal, and financial reports as required
• Manage relationships with limited partners/investors, lenders, and housing finance agencies on assigned assets
• Dispositions: work with the Executive Officer on the sale of properties and work with management companies during the sale and transition

Required Qualifications

• Bachelor's degree in Finance, Business Administration, Management, Real-Estate, or related field; alternative education and experience qualifications welcome
• 5+ years of financial or real estate experience; property management or asset management preferred
• Preference for multi-family experience (asset management, management, operations, construction/rehab)
• Experience in public and private housing asset management/finance programs and related compliance requirements
• Ability to multi-task and deal with stress, balance competing demands on time and remote working

Preferred Qualifications

• Strong working knowledge of LIHTC (9%/4%), tax-exempt bonds, HOME funds, Section 8/HAP contracts, and related regulatory structures
• Demonstrated ability to read and analyze property-level financial statements, budgets, and variance reports
• Experience overseeing third-party property management companies or working in property management
• Excellent written and verbal communication skills; comfortable presenting to investors, lenders, and internal leadership
• Advanced proficiency in Excel and financial modeling; familiarity with asset/property management software (e.g., Yardi, MRI)