Corporate Senior Asset Manager AH

HumanGood; Seattle (WA); Remote; USD 110,000 - 130,000; Full time

Benefits offered by this job

Health, Dental and Vision plans

401(k) with employer match

HSA option

Tuition reimbursement

Cell phone plan stipend

Employee assistance program

Paid time off: 20 days + 7 holidays

Job summary

HumanGood is seeking a Senior Asset Manager to oversee LIHTC and HUD communities, ensuring compliance and long-term financial health. You will lead strategic asset management, monitor budgets, and coordinate with finance and operations to optimize cash flow and capital planning.

The role is remote with location requirements (WA/OR/CA/DE/PA) and offers a comprehensive benefits package. Schedule: full-time, Mon-Fri, 8:00 AM - 5:00 PM.

Qualifications

• 6+ years of experience in Affordable Housing required.
• 4+ years of experience with LIHTC funding required.
• 4+ years of experience in Affordable Housing asset management preferred.
• BA degree in finance, public administration, business, or related field (MA preferred). Work experience may be substituted
• Understanding of operations of affordable housing
• Experience working with multiple internal and external clients.
• Ability to follow-through and deliver work assignments on time.
• Conscientious to work detail and well organized are essential.
• Multifamily subsidy sources, including Section 42 low-income housing tax credits, state or local housing funding
• Knowledge of HUD real estate policies and/or transactions

Responsibilities

• Develop and implement strategies to maximize portfolio value, cash flow, and long-term financial performance.
• Identify underperforming properties and recommend corrective strategies.
• Monitor properties through stabilization and the first full fiscal year to ensure pro forma performance.
• Independently monitor properties transitioning into operations to ensure pro forma performance through stabilization and the first full fiscal year.
• Analyze budgets against projections, benchmarks, and goals to ensure compliance with affordability, operating expenses, reserve funding, and cash distribution requirements.
• Support Operations in developing project budgets that meet debt service coverage, reserve funding, and cash flow distribution needs.
• Monitor operating expenses and provide variance explanations; propose creative solutions to financial challenges.
• Review and track annual budgets, audited financials, tax returns, and capital accounts; ensure timely submission to stakeholders.
• Review and complete waterfall calculations and distribution summaries.
• Participate in long-term capital planning and ensure reserve accounts are adequately funded.
• Coordinate with Finance and Operations to ensure timely reserve draws and insurance claim processing.
• Track and support property tax exemptions and appeals

Skills

Affordable Housing experience

LIHTC funding

Asset management experience

Budgeting/financial analysis

Education

BA in finance/public administration/business

MA preferred

Job description

Description

The Senior Asset Manager operates independently under the guidance of the Asset Management Lead or Director to ensure the long-term financial and physical well-being of HumanGood’s Section 42 LIHTC and HUD communities. This role ensures compliance with HumanGood, owner, and lender requirements, and contributes to the overall performance and sustainability of the assigned portfolio.

Schedule: Full-Time

• Monday - Friday at 8:00 AM - 5:00 PM

Salary Mid-Point Range: $110,000 - $130,000, depending on experience, qualifications, and geographic location

Location: Remote; must be located in CA, OR, WA, DE, or PA

To be successful in this role, you would have:

• 6+ years of experience in Affordable Housing required.
• 4+ years of experience with LIHTC funding required.
• 4+ years of experience in Affordable Housing asset management preferred.
• BA degree in finance, public administration, business, or related field (MA preferred). Work experience may be substituted
• Understanding of operations of affordable housing
• Experience working with multiple internal and external clients.
• Ability to follow-through and deliver work assignments on time.
• Conscientious to work detail and well organized are essential.
• Multifamily subsidy sources, including Section 42 low-income housing tax credits, state or local housing funding
• Knowledge of HUD real estate policies and/or transactions

A day in the life would look like:

• Strategic Asset & Financial Management
  • Develop and implement strategies to maximize portfolio value, cash flow, and long-term financial performance, including recapitalization opportunities.
  • Identify underperforming or “Watch List” properties and recommend corrective strategies.
  • Monitor properties through stabilization and the first full fiscal year to ensure pro forma performance.
  • Independently monitor properties transitioning into operations to ensure pro forma performance through stabilization and the first full fiscal year.
  • Analyze budgets against projections, benchmarks, and goals to ensure compliance with affordability, operating expenses, reserve funding, and cash distribution requirements.
  • Support Operations in developing project budgets that meet debt service coverage, reserve funding, and cash flow distribution needs.
  • Monitor operating expenses and provide variance explanations; propose creative solutions to financial challenges.
  • Review and track annual budgets, audited financials, tax returns, and capital accounts; ensure timely submission to stakeholders.
  • Review and complete waterfall calculations and distribution summaries.
  • Participate in long-term capital planning and ensure reserve accounts are adequately funded.
  • Coordinate with Finance and Operations to ensure timely reserve draws and insurance claim processing.
  • Track and support property tax exemptions and appeals
• Compliance, Reporting & Stakeholder Management
  • Serve as primary contact for lenders, investors, municipalities, and regulatory agencies regarding compliance, reporting, and reserve withdrawals.
  • Ensure timely and accurate submission of compliance reports to all stakeholders.
  • Monitor utility reporting for compliance with energy benchmarking requirements.
  • Review and interpret regulatory, loan, and partnership agreements; summarize key compliance and financial obligations.
  • Track and close out audit and compliance findings.
  • Maintain current housing certifications and stay informed on relevant regulations and best practices.
• Development & Property Performance
  • Provide financial and compliance input for new developments and support transitions from Development to Operations.
  • Coordinate with Development, Operations, Compliance, Finance, and Maintenance to address property needs and performance.
  • Conduct and document property inspections and site walks.
  • Lead quarterly financial and property performance discussions.
  • Support end-of-compliance-period strategies, including investor buyouts.
  • Maintain accurate asset information and property plans.
• Leadership & Special Projects
  • Mentor Asset Managers and review financial models and reports.
  • Lead or support special projects and portfolio initiatives as needed.
  • Recommend process and performance improvements across the portfolio.

What's in it for you?

At HumanGood, we’re driven by purpose—reimagining senior living and creating communities where older adults can thrive. When you join us, you’re part of something bigger, making a meaningful impact in the lives of residents every day. Build your future where you’re supported — you’ll have the total rewards you need to build a confident, secure life for you and your family. Count on a compensation package that maximizes your health, wealth and well-being. And adds up to 40% in value to your base compensation.

We offer a comprehensive range of benefits and perks to support you, including*:

• Health, Dental and Vision Plans- start the 1st of the month following your start date
• 20 days of paid time off (increases with years of service), plus 7 company holidays
• 401(k) with up to 4% employer match and no waiting on funds to vest
• HSA option with employer contribution
• Tuition Reimbursement and continuing education programs
• $25/line unlimited cell phone plan (plus taxes and fees)
• Cell Phone Stipend
• 5-star employer-paid employee assistance program
• *Please Note: Benefit eligibility is determined by employment status and regularly scheduled hours.

As team members support residents, HumanGood supports team members. Here, you'll have the benefits and compensation you need to build a secure life for your family, and real opportunities to grow in your career, gain leadership skills and develop personally. Join us. You'll make a difference by helping our team members and our residents realize their full human potential. Learn more at www.HGcareers.org

Come see what HumanGood has to offer!

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.