Senior Asset Manager - Affordable Housing

Australia-Employment; Monte Nido (CA); On-site; USD 130,000 - 145,000; Full time

Benefits offered by this job

Annual bonus

Three weeks PTO

Hybrid work after training

Vehicle/moblie stipend

Medical benefits

401(k) match

Job summary

Jobot is seeking a Senior Asset Manager - Affordable Housing in Monte Nido, CA to oversee multifamily portfolios, ensure LIHTC/Section 42 compliance, and drive strong financial performance.

You will review monthly financials, monitor partnerships, collaborate with Development, Construction and Property Management on asset strategy, assist due diligence, and lead asset management calls. Travel about 5% and competitive compensation included.

Qualifications

• 4–5+ years multifamily asset management experience.
• Working knowledge of LIHTC/Section 42 requirements.
• Strong financial analysis and quantitative skills.
• Understanding of real estate accounting and financial reporting.
• Advanced Excel skills and proficiency with Microsoft Office.
• Ability to analyze financial statements, leases, contracts, loan documents, and regulatory agreements.
• Strong communication, presentation, organization, and problem-solving skills.
• Ability to work independently while partnering effectively across teams.

Responsibilities

• Review monthly property financials, budgets, and variance reports to evaluate portfolio performance.
• Monitor property and partnership compliance with LIHTC/Section 42 requirements, partnership agreements, loan documents, and other regulatory requirements.
• Analyze property performance, valuations, market trends, and operational results to identify opportunities and risks.
• Partner with Development, Construction, and Property Management teams on asset strategy, leasing, financing, and project execution.
• Support due diligence for acquisitions, financing, and dispositions.
• Lead asset management calls and property visits, identifying issues and developing corrective action plans.
• Review and monitor property management, vendor, lease, and other operational contracts.
• Assist with insurance claims, tenant-related legal matters, and other property-level issues.

Skills

Financial analysis

LIHTC knowledge

Advanced Excel

Communication

Portfolio management

Regulatory compliance

Education

Bachelor's degree in Real Estate, Finance, or Business

Tools

Yardi

RealPage

MRI

Job description

Senior Asset Manager - Affordable Housing

$130000 - $145000 per year | Monte Nido, CA | On-site | Permanent

Reputable Real Estate Co. // Stability + competitive compensation packages

A bit about us:

We are a well-established real estate development and investment company with a diverse portfolio of residential communities across multiple markets. Our work spans market-rate, affordable, and specialized residential housing, with expertise throughout the full development lifecycle - from acquisition and financing through construction, operations, and asset management.

Why join us?

• Performance Incentive: Annual bonus opportunity tied to individual and company performance.
• Paid Time Off: Three weeks of PTO per year, available after the first 30 days.
• Flexible Work Options: Hybrid work arrangements available (upon completing training, etc.)
• Monthly Allowances: Stipend provided for vehicle and mobile phone expenses.
• Comprehensive Benefits: Medical and additional employee benefits
• Retirement Savings: 401(k) plan with an employer match

Job Details

This is an opportunity to join a fantastic team with great opportunities for growth. The ideal candidate will have 4-5+ years of multifamily/LIHTC asset management experience and be comfortable managing multiple priorities in a deadline-driven environment.

What You'll Do:

• Review monthly property financials, budgets, and variance reports to evaluate portfolio performance.
• Monitor property and partnership compliance with LIHTC/Section 42 requirements, partnership agreements, loan documents, and other regulatory requirements.
• Analyze property performance, valuations, market trends, and operational results to identify opportunities and risks.
• Partner with Development, Construction, and Property Management teams on asset strategy, leasing, financing, and project execution.
• Support due diligence for acquisitions, financing, and dispositions.
• Lead asset management calls and property visits, identifying issues and developing corrective action plans.
• Review and monitor property management, vendor, lease, and other operational contracts.
• Assist with insurance claims, tenant-related legal matters, and other property-level issues.

QUALIFICATION:

• Bachelor's degree in Real Estate, Finance, Business, or a related field preferred.
• 3-5 years of multifamily asset management experience, preferably on the General Partner side.
• Working knowledge of LIHTC/Section 42 requirements.
• Strong financial analysis and quantitative skills.
• Understanding of real estate accounting and financial reporting.
• Advanced Excel skills and proficiency with Microsoft Office.
• Ability to analyze financial statements, leases, contracts, loan documents, and regulatory agreements.
• Strong communication, presentation, organization, and problem-solving skills.
• Ability to work independently while partnering effectively across teams.
• Experience with Yardi, RealPage, or MRI is a plus.
• Approximately 5% travel for property inspections.

Jobot is an Equal Opportunity Employer. We provide an inclusive work environment that celebrates diversity and all qualified candidates receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, age (40 and over), disability, military status, genetic information or any other basis protected by applicable federal, state, or local laws. Jobot also prohibits harassment of applicants or employees based on any of these protected categories. It is Jobot's policy to comply with all applicable federal, state and local laws respecting consideration of unemployment status in making hiring decisions.