Director of Asset Management

Merritt Community Capital Corporation; Oakland (CA); On-site; USD 175,000 - 225,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

401(k) contribution

Paid vacation

Paid sick time

Job summary

Merritt Community Capital Corporation is seeking a mission-driven Director of Asset Management to oversee our affordable housing investment portfolio and ensure community success. This strategic leadership role involves monitoring performance, managing risks, and guiding a high-performing asset management team.

The successful candidate will have 10+ years of relevant experience, strong financial analysis skills, and excellent communication capabilities.

Qualifications

• 10+ years of affordable housing, LIHTC asset management, or real estate finance experience.
• Experience with HUD, Section 8, TCAC, and related affordable housing programs required.
• Leadership or management experience is essential.

Responsibilities

• Lead oversight of Merritt's affordable housing investment portfolio.
• Monitor financial, operational, compliance, and partnership performance.
• Manage portfolio risk and develop mitigation strategies.

Skills

Leadership

Financial analysis

Portfolio management

Verbal communication

Written communication

Education

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

MBA or related graduate degree

Tools

MRI Software

Power BI

Asana

Job description

For more than 35 years, Merritt Community Capital Corporation has partnered with affordable housing developers, investors, and community organizations to create housing opportunities throughout California. We've invested more than $1.7 billion to help develop over 12,500 affordable homes and are committed to building stronger communities through thoughtful investment and industry leadership.

We're seeking an experienced, mission-driven Director of Asset Management to lead the oversight of our affordable housing investment portfolio and help ensure long-term success for communities across California.

Why This Opportunity?

This is a strategic leadership role for a seasoned affordable housing professional who enjoys balancing portfolio performance, risk management, compliance oversight, and team leadership.

You’ll report to the Chief Financial Officer and partner closely with executive leadership, investors, developers, property managers, and community stakeholders while overseeing a portfolio that directly impacts affordable housing outcomes throughout California.

What You’ll Do

As Director of Asset Management, you will:

• ·Lead oversight of Merritt's affordable housing investment portfolio.
• ·Monitor financial, operational, compliance, and partnership performance.
• ·Manage portfolio risk and develop proactive mitigation strategies.
• ·Oversee investor reporting and Board presentations on project and portfolio performance.
• ·Support investment underwriting and asset transactions.
• ·Lead dispositions, restructurings, and partnership exits.
• ·Build relationships with general partners, property managers, investors, and public agencies.
• ·Drive process improvements and portfolio reporting enhancements.
• ·Lead, mentor, and develop a high-performing asset management team.

What We’re Looking For

Required

• ·Bachelor's degree in Business, Finance, Accounting, Real Estate, Economics, or related field; or equivalent experience.
• ·10+ years of affordable housing, LIHTC asset management, real estate finance, compliance, or related experience.
• ·Leadership or management experience.
• ·Strong financial analysis and portfolio management capabilities.
• ·Exceptional written and verbal communication skills.

Preferred

• ·MBA, related graduate degree, or equivalent experience.
• ·Deep knowledge of LIHTC regulations and affordable housing operations.
• ·Experience with HUD, Section 8, TCAC, HCD, and related affordable housing programs.
• ·Asset management or tax credit certifications.
• ·Experience with MRI Software, Power BI, and Asana.

Salary Range: $175,000 - $225,000 annually + Bonus

Benefits Include:

• ·Medical, dental, vision, and life insurance
• ·401(k) with employer contribution
• ·Paid vacation and sick time

Location

• ·Oakland or Los Angeles, California office
• ·Remote work within California may be considered
• ·Preference for candidates located in the San Francisco Bay Area, Sacramento/Capital Region, Los Angeles, or Orange County regions
• ·Approximately 15% travel

Our Values

At Merritt, we are guided by our values of:

• ·Solutions-Oriented Thinking

If you're passionate about affordable housing and want to use your expertise to create lasting community impact, we'd love to hear from you.

Merritt Community Capital Corporation is an Equal Opportunity Employer and encourages candidates from all backgrounds to apply.

Merritt provides equal employment opportunities for all employees. All qualified applicants will receive consideration for employment without regard to race, color, ancestry, national origin, religion, creed, age, sex, gender, sexual orientation, gender identity, gender expression, marital status, genetic information, disability status, protected military or veteran status or any other characteristic protected by law. Merritt is committed to creating a diverse, equitable, and inclusive workplace.