Director, Affordable Multifamily Asset Management (Remote)

Macdonald & Company; Miami (FL); Remote; USD 120,000 - 180,000; Full time

Job summary

Macdonald & Company, in partnership with a private real estate investment firm, seeks a Director of Asset Management to oversee the performance of a multifamily portfolio. The role covers budgeting, capital planning, third-party PM oversight, LIHTC compliance, and reporting to senior leadership, with initial remote work and later transition to West Palm Beach in 2028.

This hands-on, entrepreneurial position offers autonomy, exposure to decision-makers, and opportunities to shape asset management

Qualifications

• Bachelor's degree in Real Estate, Finance, Accounting, Business Administration, or a related discipline.
• 5+ years of relevant experience in multifamily asset management, with affordable housing experience strongly preferred.
• Strong understanding of multifamily property operations, financial performance, and asset-level business planning.
• Experience with affordable housing programs and regulatory structures, including LIHTC, HUD, and other income-restricted housing programs, highly desirable.
• Demonstrated experience overseeing third-party property management companies and managing property-level operating performance.
• Strong financial and analytical capabilities, including budgeting, forecasting, financial statement analysis, variance reporting, and capital expenditure planning.
• Experience coordinating property renovations, capital improvements, and operational turnaround initiatives.
• Advanced proficiency in Microsoft Excel and familiarity with property management and financial reporting systems.
• Excellent communication, organizational, and stakeholder management skills, with the ability to work effectively across investment, finance, construction, and property operations.
• Self-motivated, detail-oriented, and comfortable operating independently within a lean, fast-growing investment platform.
• Ability to work remotely initially, with the expectation of transitioning to an office-based position in West Palm Beach around Q2 2028.

Responsibilities

• Oversee the financial and operational performance of a portfolio of affordable multifamily properties.
• Manage relationships with third-party property management companies, monitoring occupancy, collections, operating expenses, leasing performance, and overall property operations.
• Lead the preparation, review, and ongoing management of annual property operating budgets, financial forecasts, and capital expenditure plans.
• Analyze monthly and quarterly financial statements, operating reports, and budget variances, identifying opportunities to improve NOI, cash flow, and asset performance.
• Develop and implement asset-level business plans, including operational improvements, expense management strategies, and initiatives to address underperforming properties.
• Oversee property renovations, capital improvement programs, and deferred maintenance initiatives, coordinating with internal construction personnel and third-party management teams.
• Monitor affordable housing compliance requirements, including applicable LIHTC regulations, regulatory agreements, financing covenants, and lender reporting obligations.
• Coordinate with internal accounting, finance, and operations teams to ensure accurate financial reporting, budget management, and execution of portfolio strategies.
• Prepare regular asset and portfolio performance reports for senior leadership, investors, lenders, and other stakeholders.
• Support the onboarding and operational integration of newly acquired properties, including the implementation of acquisition business plans and transition to third-party property management.

Skills

Stakeholder management

Communication

Analytical thinking

Education

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

Tools

Excel

Job description

Macdonald & Company, in partnership with a private real estate investment firm, seeks a Director of Asset Management to oversee the performance of a multifamily portfolio. The role covers budgeting, capital planning, third-party PM oversight, LIHTC compliance, and reporting to senior leadership, with initial remote work and later transition to West Palm Beach in 2028.

This hands-on, entrepreneurial position offers autonomy, exposure to decision-makers, and opportunities to shape asset management