Senior Asset Manager

Leoforce; Los Angeles (CA); On-site; USD 150,000 - 190,000; Full time

Benefits offered by this job

Medical benefits

Dental benefits

Vision benefits

PTO & sick leave

401k

Annual performance bonus

Job summary

Leoforce is seeking a Senior Asset Manager to lead a portfolio of affordable housing assets in California. The role emphasizes managing performance, development support, and financial reporting to senior leadership and stakeholders.

You will oversee asset strategies across development, stabilization, and operations, with emphasis on LIHTC compliance, capital planning, and partnership reporting. Strong modeling, budgeting, and communication skills are essential.

Qualifications

• Bachelor's degree in Finance, Real Estate, Business, Accounting, Urban Planning, or related field.
• 7+ years of experience in affordable housing asset management, real estate development, multifamily finance, or related fields.
• Deep understanding of LIHTC transactions, affordable housing financing structures, and multifamily operations.
• Experience managing affordable housing properties through development, lease-up, stabilization, and ongoing operations.
• Strong financial modeling, budgeting, forecasting, and analytical skills.
• Advanced proficiency in Excel and financial reporting tools.
• Excellent communication and presentation skills.

Responsibilities

• Oversee the financial and operational performance of a diverse portfolio of affordable and workforce housing properties.
• Analyze property-level operating statements, budgets, forecasts, occupancy trends, and KPIs.
• Identify opportunities to improve asset value, cash flow, operating efficiency, and resident outcomes.
• Monitor portfolio risks and develop strategic action plans to address underperforming assets.
• Partner closely with development teams throughout the project lifecycle, from pre-development through stabilization.
• Participate in underwriting reviews, financing analyses, and development projections for new affordable housing projects.
• Evaluate development assumptions, operating budgets, reserve requirements, and long-term asset strategies.
• Assist with transitions from construction completion to operational management.
• Review monthly and quarterly financial reports to assess property performance against budgets and pro forma expectations.
• Prepare portfolio analyses and executive-level reporting for senior leadership, lenders, investors, and ownership entities.
• Monitor debt compliance, partnership agreements, reserve balances, and financial covenants.
• Support refinancing, recapitalization, acquisition, and disposition initiatives.
• Ensure compliance with affordable housing regulations, including LIHTC, HUD, HOME, CDBG, Section 8, and other federal, state, and local programs.
• Partner with compliance and property management teams to address audit findings, physical inspections, and regulatory reporting requirements.
• Monitor affordability restrictions and ensure properties remain in compliance throughout the asset lifecycle.
• Develop and oversee capital improvement plans, rehabilitation strategies, and reserve utilization.
• Coordinate with construction, facilities, and operations teams on major capital projects.
• Support long-term portfolio preservation strategies, including tax credit re-syndications and redevelopment initiatives.
• Serve as a primary liaison to property management companies, development partners, investors, lenders, and public agencies.
• Present asset performance, risks, and strategic recommendations to senior leadership.
• Collaborate cross-functionally with accounting, finance, development, legal, and operations teams.

Skills

Financial modeling

Budgeting

Forecasting

Analytical skills

Excel

Communication skills

Presentation skills

LIHTC knowledge

Education

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

Master's degree in Real Estate, Finance, Urban Planning, Business Administration, or related discipline

Tools

Yardi

RealPage

MRI

Job description

Senior Asset Manager

Job Description

Experience: Manager

Salary: $150,000 - $190,000 per year

Key Responsibilities

Portfolio Asset Management

• Oversee the financial and operational performance of a diverse portfolio of affordable and workforce housing properties.
• Analyze property-level operating statements, budgets, forecasts, occupancy trends, and key performance indicators.
• Identify opportunities to improve asset value, cash flow, operating efficiency, and resident outcomes.
• Monitor portfolio risks and develop strategic action plans to address underperforming assets.

Affordable Housing Development Support

• Partner closely with development teams throughout the project lifecycle, from pre-development through stabilization.
• Participate in underwriting reviews, financing analyses, and development projections for new affordable housing projects.
• Evaluate development assumptions, operating budgets, reserve requirements, and long-term asset strategies.
• Assist with transitions from construction completion to operational management.

Financial Analysis & Reporting

• Review monthly and quarterly financial reports to assess property performance against budgets and pro forma expectations.
• Prepare portfolio analyses and executive-level reporting for senior leadership, lenders, investors, and ownership entities.
• Monitor debt compliance, partnership agreements, reserve balances, and financial covenants.
• Support refinancing, recapitalization, acquisition, and disposition initiatives.

Compliance & Regulatory Oversight

• Ensure compliance with affordable housing regulations, including LIHTC, HUD, HOME, CDBG, Section 8, and other federal, state, and local programs.
• Partner with compliance and property management teams to address audit findings, physical inspections, and regulatory reporting requirements.
• Monitor affordability restrictions and ensure properties remain in compliance throughout the asset lifecycle.

Capital Planning & Preservation

• Develop and oversee capital improvement plans, rehabilitation strategies, and reserve utilization.
• Coordinate with construction, facilities, and operations teams on major capital projects.
• Support long-term portfolio preservation strategies, including tax credit re-syndications and redevelopment initiatives.

Stakeholder Management

• Serve as a primary liaison to property management companies, development partners, investors, lenders, and public agencies.
• Present asset performance, risks, and strategic recommendations to senior leadership.
• Collaborate cross-functionally with accounting, finance, development, legal, and operations teams.

Required Qualifications

• Bachelor's degree in Finance, Real Estate, Business, Accounting, Urban Planning, or related field.
• 7+ years of experience in affordable housing asset management, real estate development, multifamily finance, or related fields.
• Deep understanding of LIHTC transactions, affordable housing financing structures, and multifamily operations.
• Experience managing affordable housing properties through development, lease-up, stabilization, and ongoing operations.
• Strong financial modeling, budgeting, forecasting, and analytical skills.
• Advanced proficiency in Excel and financial reporting tools.
• Excellent communication and presentation skills.

Preferred Qualifications

• Master's degree in Real Estate, Finance, Urban Planning, Business Administration, or related discipline.
• Experience with tax credit syndicators, housing authorities, and public-private partnerships.
• Background in acquisitions, recapitalizations, re-syndications, or preservation transactions.
• Familiarity with Yardi, RealPage, MRI, or similar property management and reporting systems.
• Experience overseeing portfolios exceeding 1,000 affordable housing units.

A bit about us

We are seeking an experienced Senior Asset Manager to oversee a portfolio of affordable housing communities and support the long-term financial, operational, and compliance performance of the assets. This individual will serve as a strategic partner to development, property management, accounting, and executive leadership teams, ensuring properties achieve financial objectives while fulfilling mission-driven housing goals.

The ideal candidate brings substantial experience within LIHTC affordable housing development and asset management, with a strong understanding of multifamily operations, compliance requirements, capital planning, partnership reporting, and property performance optimization. Experience managing assets through development, lease-up, stabilization, and ongoing operations is highly desired.

Why join us?

• Medical, Dental, Vision
• PTO & sick leave
• 401k
• Annual performance bonus
• and much more!