Senior Asset Manager

CHAI: Comprehensive Housing Assistance, Inc.

Baltimore (MD)

Presencial

USD 100 000 - 120 000

Tempo integral

Há 2 dias

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Vantagens oferecidas por esta oferta de emprego

Medical, dental, and vision insurance

Paid time off

Retirement benefits

Professional development opportunities

Resumo da oferta

CHAI: Comprehensive Housing Assistance, Inc. seeks a Senior Asset Manager to oversee affordable housing portfolios, focusing on performance, financial analysis, long-term planning, and compliance.

You will partner with property management, lenders, regulators, and internal teams to preserve and optimize assets. This role emphasizes strategic thinking, risk management, and preservation planning, with responsibilities spanning budget review, capital planning, and reporting to stakeholders.

Qualificações

Bachelor's degree in Finance, Accounting, Real Estate, Business Admin, or related field.
Minimum five years of progressively responsible experience in affordable housing asset management or related real estate.
Knowledge of HUD, LIHTC, PRAC, HOME, or similar affordable housing programs and regs.
Strong financial analysis skills, including budgets, variance analysis, cash flow, and capital planning.
Advanced Excel proficiency.
Experience working with third-party property management, lenders, investors, auditors, and regulators.

Responsabilidades

Analyze monthly financial statements, occupancy, delinquency, budgets, compliance indicators.
Oversee third-party property management performance and set expectations.
Lead asset management meetings and monitor progress on identified issues.
Support capital planning, reserve management, refinancing, and preservation efforts.
Coordinate reporting to lenders, investors, regulatory agencies, and other stakeholders.
Conduct property visits and collaborate with partners to support portfolio performance.

Conhecimentos

Advanced Excel

Financial analysis

Strategic thinking

Portfolio management

Stakeholder management

Regulatory awareness

Formação académica

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

Descrição da oferta de emprego

Senior Asset Manager

Are you an experienced affordable housing professional who enjoys digging into the numbers, spotting trends, solving problems, and thinking strategically about how properties perform over the long term? If you're looking for a role where you can influence strategy and play a key role in preserving affordable housing, we'd love to hear from you.

The Opportunity

CHAI is seeking a Senior Asset Manager to provide owner-level oversight of our affordable housing communities. This role is focused on portfolio performance, financial analysis, long-term planning, and accountability. You'll work closely with property management partners, lenders, government agencies, and internal teams to ensure properties remain financially healthy, well-maintained, compliant, and positioned for long-term success.

This is a great opportunity for someone who enjoys looking beyond day-to-day operations and focusing on the bigger picture of asset performance, risk management, and preservation planning.

What You'll Do

Analyze and monitor the financial, operational, compliance, and physical performance of CHAI’s affordable housing portfolio.
Review financial statements, budgets, occupancy trends, delinquency reports, and other key performance metrics to identify risks and opportunities.
Oversee third-party property management performance, set expectations, and hold management accountable for results and follow-through.
Lead asset management meetings and track progress on identified issues and action plans.
Support capital planning, reserve management, refinancing, recapitalization, rehabilitation, and preservation efforts.
Monitor compliance requirements and coordinate reporting to lenders, investors, regulatory agencies, and other stakeholders.
Conduct property visits and collaborate with internal and external partners to support portfolio performance and CHAI’s mission objectives.

What We're Looking For

At least five years of progressively responsible experience in affordable housing asset management, housing finance, multifamily real estate, or affordable housing development.
Knowledge of affordable housing programs and regulations, including HUD, LIHTC, PRAC, HOME, or similar programs.
Strong financial analysis skills, including budgeting, variance analysis, cash flow review, and capital planning.
Experience working with third-party property management companies, lenders, investors, auditors, and regulatory agencies.
Ability to analyze information, identify risks, and make sound recommendations that support long-term portfolio performance.
Bachelor's degree in finance, Accounting, Real Estate, Business Administration, or related field
Advanced Excel skills and strong communication skills

Compensation & Benefits

The salary range for this position is $100,000 - $120,000, depending on experience and qualifications. CHAI offers a comprehensive benefits package that includes medical, dental, and vision insurance; paid time off; paid holidays; retirement benefits; professional development opportunities; and other benefits available to eligible employees.

Why This Role?

You'll have the opportunity to help shape the future of CHAI's affordable housing portfolio by identifying risks and opportunities, improving property performance, and helping guide long-term capital and preservation decisions.

Interested?

The right person for this role is a data-driven critical thinker who can balance attention to detail with a broader view of the portfolio and turn complex information into actionable recommendations. If that describes how you approach your work, we'd love to hear from you.

Portfolio Performance, Financial Analysis & Property Management Oversight

Analyze monthly financial statements, occupancy, delinquency, budget variances, compliance, and other key performance indicators; identify trends, exceptions, and emerging risks.
Monitor and evaluate third-party property management performance against CHAI ownership standards, approved budgets, management agreements, and performance expectations.
Lead regular asset management meetings with third-party property management companies, establish performance expectations, and monitor follow-through on identified issues.
Develop and maintain dashboards, watchlists, and performance tracking tools.
Identify underperforming properties and material performance issues; recommend corrective actions and monitor resolution.
Review annual operating and capital budgets and evaluate property and portfolio performance against approved budgets and owner goals.
Conduct periodic property inspections and site visits and monitor physical condition standards and management plan implementation.
Coordinate with Resident Services and property management regarding operational or property issues affecting resident experience and CHAI’s mission objectives.

Strategic Planning, Capital Planning & Portfolio Preservation

Develop and maintain asset management plans for each property.
Monitor reserves, capital needs, debt obligations, and long-term replacement requirements.
Review capital needs assessments, reserve studies, and other physical asset planning tools.
Develop data-driven recommendations for recapitalization, refinancing, preservation strategies, and asset repositioning.
Monitor debt maturities, regulatory milestones, subsidy contract renewals, and other critical events.
Support portfolio cash flow forecasting, capital planning, and long-range portfolio planning.

Compliance, Risk Management & Reporting

Oversee the maintenance of deal books, compliance calendars, ownership entity records, required filings, and critical portfolio documentation.
Monitor compliance with regulatory agreements, loan documents, partnership agreements, management agreements, HAP contracts, LIHTC requirements, and lender/investor obligations.
Oversee required owner, lender, investor, regulatory, and stakeholder reporting and coordinate responsibilities with property management, Finance, and other partners.
Track audit, management review, REAC/NSPIRE, compliance, and other findings; identify recurring issues and ensure corrective actions are implemented and closed.
Monitor property insurance coverage and requirements, identify potential gaps or issues, and elevate significant insurance or legal matters to the Vice President.
Identify and elevate significant financial, operational, compliance, physical, and ownership risks.

Development, Preservation & Operational Transition Support

Serve as Asset Management’s representative in development, acquisition, refinancing, recapitalization, rehabilitation, and preservation activities and transactions.
Provide an ownership and operations perspective on proposed scopes of work, operating and reserve assumptions, and management plans throughout the development and redevelopment process.
Support transitions from development or rehabilitation to property operations.
Participate in lease-up, stabilization, post-construction reviews, and other transition activities.
Identify operational risks and lessons learned to inform future development and preservation activities.

Qualifications:

Bachelor's degree in Finance, Accounting, Real Estate, Business Administration, or related field
Minimum five years of progressively responsible experience in affordable housing asset management, housing finance, multifamily real estate or real estate development
Demonstrated experience with HUD, LIHTC, PRAC, HOME, or other affordable housing programs and regulatory requirements
Strong financial analysis skills, including property financial statements, operating budgets, variance analysis, cash flow, and capital planning
Advanced Excel proficiency
Experience working with third-party property management companies, lenders, investors, auditors, regulatory agencies, and other affordable housing stakeholders
Experience with affordable housing refinancing, recapitalization, rehabilitation, or preservation transactions preferred

Core Competencies