Director, Asset Workouts & Stabilization (LIHTC)

Clearpath; Baltimore (MD); Hybrid; USD 155,000 - 175,000; Full time

Benefits offered by this job

Dental, health, vision plans

401(k) with employer match

Flexible work arrangements

Paid time off

Job summary

Enterprise Community Development is seeking a Director, Workouts to lead stabilization for distressed LIHTC multifamily assets. You will manage a dedicated team and act as owner’s representative for non-stabilized properties, with strong financial modeling and negotiation skills.

The role requires deep LIHTC/multifamily experience, leadership ability, and collaboration with asset management, property management, and development teams.

Qualifications

• 7+ years LIHTC/multifamily experience.
• 3+ years workout experience.
• 5+ years direct people management experience.
• Bachelor's degree required; Finance, Accounting, Business, or Real Estate preferred.
• Master's degree (MBA/MS Real Estate) or CPA strongly preferred.
• Strong leadership, judgment and high-pressure operation capability.
• Excellent verbal and business writing skills.

Responsibilities

• Lead asset identification, triage, and resolution for distressed properties.
• Develop and oversee property stabilization action plans.
• Prepare recommendations for Senior Management.
• Secure grant or soft debt funding to stabilize properties.
• Assist Transactions Team with dispositions and refinancings.
• Identify additional income sources to stabilize communities.
• Manage and coach workout-focused asset management team.
• Review budgets, reforecasts, CAPEX plans and non-routine expenditures.
• Analyze financial statements, debt structures, reserves and partnerships.
• Coordinate with property management, development, compliance, and resident services.
• Oversee site visits, PNA, inspections, and action plans.
• Oversee monthly, quarterly, and annual reporting for workouts.
• Prepare internal reports and support lender/investor communications.

Skills

People leadership

Financial analysis

Problem solving

Communication

High-pressure environment

Education

Bachelor's degree (Finance/Accounting/Business/Real Estate)

Master's degree or CPA preferred

Tools

Yardi

Microsoft Excel

Job description

Enterprise Community Development is seeking a Director, Workouts to lead stabilization for distressed LIHTC multifamily assets. You will manage a dedicated team and act as owner’s representative for non-stabilized properties, with strong financial modeling and negotiation skills.

The role requires deep LIHTC/multifamily experience, leadership ability, and collaboration with asset management, property management, and development teams.