Impact Asset Manager – Affordable Housing Portfolio

MidPen Housing Corporation; Foster City (CA); Hybrid; USD 105,000 - 118,000; Full time

Benefits offered by this job

Dental, Vision, Life & Disability

403(b) Retirement Investment

Employee Education Reimbursement

FSA for Childcare, Medical, and Commut

EAP Program

Pet Insurance

Paid Time Off

Company Holidays

Wellness Days

Job summary

MidPen Housing Corp. in Foster City, CA seeks an Asset Manager to oversee up to 50 properties, ensuring long-term financial health and compliance with agreements. You will coordinate with Property Management, Accounting, and lenders, driving analyses, proformas, and capital planning.

You will build external relationships, present to boards, and manage budgets, reserves, and reporting while working in a hybrid office setting with some on-site and remote work.

Qualifications

• Bachelor’s degree in Finance, Business Administration, Accounting or related field.
• Minimum of three years’ experience in real estate or finance with heavy financial analysis.
• Experience in at least four areas: non-profit affordable housing, refinancing debt, HUD programs, real estate accounting, financial analysis, property management or development.

Responsibilities

• Establishes and maintains strong relationships with lenders and investors, as primary contact for properties in the portfolio.
• Manages annual budgeting with Property Management and Development; analyzes budgets and cash-flow.
• Ensures affordability, operating expenses per unit, reserves and surplus distributions meet requirements.
• Reviews long-term capital plans, monitors reserve balances, and coordinates funding needs.
• Reviews investor and lender reporting, audits, and prepares required reports.
• Negotiates with partners and lenders to amend agreements and secure approvals for capital projects.

Skills

Analytical thinking

Financial analysis

Communication skills

Project management

Collaboration

Attention to detail

Time management

Driver's license

Education

Bachelor’s degree in Finance/Business/Accounting

Tools

Excel

Word

Outlook

Job description

MidPen Housing Corp. in Foster City, CA seeks an Asset Manager to oversee up to 50 properties, ensuring long-term financial health and compliance with agreements. You will coordinate with Property Management, Accounting, and lenders, driving analyses, proformas, and capital planning.

You will build external relationships, present to boards, and manage budgets, reserves, and reporting while working in a hybrid office setting with some on-site and remote work.