Senior Asset Manager

Gorman & Company; Phoenix (AZ); Hybrid; USD 95,000 - 160,000; Full time

Benefits offered by this job

Competitive salary of $95,000-$160,000 annually

Discretionary annual bonus

Comprehensive medical, dental, and vision insurance

401(k) with up to a 6% company match

Generous paid time off and holidays

Paid parental leave

Lifestyle Spending Accounts

Voluntary benefits including pet insurance and gym reimbursement

Job summary

Gorman & Company is seeking a Senior Asset Manager to join our Asset Management team. Based in Phoenix, Oregon, or Denver, the role involves overseeing finances and compliance for affordable housing portfolios.

Ideal candidates will have a Bachelor's degree, extensive asset management experience, especially with LIHTC. You will lead asset strategies, develop financial models, and build relationships with stakeholders, while ensuring financial goals are met.

Qualifications

• Seven or more years of progressive asset management experience with multifamily real estate, especially LIHTC portfolios.
• Strong understanding of complex ownership structures and regulatory requirements.

Responsibilities

• Lead asset management strategy for a nationwide portfolio of affordable housing communities.
• Prepare and present portfolio performance reports and financial analyses to stakeholders.
• Conduct property visits to evaluate operational performance and identify opportunities.

Skills

Financial analysis

Relationship building

LIHTC compliance

Analytical skills

Communication skills

Education

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

Tools

Microsoft Excel

Financial analysis tools

Job description

Join our team as a Senior Asset Manager!

Gorman & Company is seeking an experienced Senior Asset Manager to join our growing Asset Management team. This role can be based in our Oregon, Wisconsin; Phoenix, Arizona; or Denver, Colorado offices and offers a hybrid work schedule. You'll serve as a key representative of ownership, overseeing the financial performance, long-term strategy, and regulatory compliance of a nationwide affordable housing portfolio while partnering closely with executive leadership, investors, lenders, and internal teams.

If you're passionate about affordable housing, thrive in complex financial analysis, and enjoy building relationships with investors and industry partners, we'd love to hear from you.

What You'll Do

• Lead the asset management strategy for a nationwide portfolio of affordable housing communities, ensuring long-term financial performance and ownership objectives are achieved.
• Evaluate property financial statements, operating trends, cash flow, NOI, debt coverage, and key performance metrics to identify risks and opportunities.
• Develop and maintain complex financial models, investment analyses, and portfolio forecasts to support strategic decision-making.
• Review and analyze development proformas, partnership agreements, loan documents, and operating agreements to understand deal structures, tax implications, and investor requirements.
• Lead refinancing, recapitalization, Year 15, investor exit, disposition, and acquisition strategies while coordinating transactions through closing.
• Partner with Development, Property Management, Accounting, Compliance, and Executive Leadership to maximize asset value throughout each property's lifecycle.
• Review annual operating budgets, capital improvement plans, reserve analyses, and long-term capital planning recommendations.
• Monitor compliance with LIHTC requirements, lender covenants, regulatory agreements, and investor reporting obligations.
• Prepare and present portfolio performance reports, financial analyses, and strategic recommendations to executive leadership, investors, lenders, and ownership partners.
• Build and maintain strong relationships with investors, lenders, syndicators, government agencies, and other external stakeholders through regular meetings and professional communication.
• Conduct property visits throughout the nationwide portfolio to evaluate operational performance, identify improvement opportunities, and collaborate with on-site teams.
• Stay informed on national affordable housing trends, financing opportunities, regulatory changes, and market conditions to proactively identify opportunities that strengthen the portfolio.

What You'll Bring

• Bachelor's degree in Finance, Accounting, Real Estate, Business, or a related field required; advanced degree or professional designation is a plus.
• Seven or more years of progressive asset management experience with multifamily real estate, including significant experience within LIHTC and affordable housing portfolios.
• Experience working for or alongside a developer, owner, investor, syndicator, lender, or institutional real estate organization with a strong understanding of complex ownership structures.
• Strong understanding of LIHTC compliance, regulatory requirements, debt structures, tax credit partnerships, and affordable housing financing programs.
• Executive-level communication and relationship-building skills with the ability to confidently present recommendations and collaborate with investors, lenders, government agencies, and senior leadership.
• Highly analytical with the ability to interpret complex financial information, identify trends, mitigate risk, and develop strategic recommendations that maximize asset performance.
• Advanced proficiency in Microsoft Excel and financial analysis tools, with exceptional attention to detail and organizational skills.
• Ability to travel nationwide approximately 25%, including occasional overnight travel, and flexibility to work evenings or weekends when business needs require.

Compensation & Benefits

• Competitive salary of $95,000-$160,000 annually, based on experience, qualifications, geographic location, and market conditions.
• Discretionary annual bonus opportunity based on individual and company performance.
• Comprehensive medical, dental, and vision insurance to support you and your family.
• Company-paid short-term disability, long-term disability, and life insurance.
• 401(k) with up to a 6% company match to help you build your future.
• Generous paid time off starting at 18 days per year plus 11 paid holidays.
• Paid parental leave and Lifestyle Spending Accounts to support your well-being.
• Additional voluntary benefits including pet insurance and gym reimbursement.

If you're ready to help shape the long-term success of a nationally recognized affordable housing portfolio while working alongside industry experts, we'd love to hear from you. Apply today!

We are an equal opportunity employer.