Senior Asset Manager (Affordable Housing) - Baltimore

Veritas Partners; Maryland; On-site; USD 110,000 - 180,000; Full time

Job summary

Veritas Partners seeks an experienced Asset Manager specializing in affordable housing and LIHTC to lead the workout portfolio. You will identify distressed assets, develop stabilization plans, and partner with property management and development teams.

You will oversee budgets, asset performance, and reporting, mentor a workouts team, and support dispositions and refinancings as needed. A bachelor’s degree and 8+ years of related experience are required.

Qualifications

• 8+ years of affordable housing and LIHTC/multifamily experience.
• 3+ years of workout experience.
• 5+ years of direct people management experience.
• Bachelor’s degree required; Finance, Accounting, Business, or Real Estate preferred.

Responsibilities

• Lead the identification, triage, and resolution of assets with chronic cash flow deficits or distress.
• Develop and oversee property-specific action plans to stabilize properties.
• Prepare and present recommendations to Senior Management.
• Find and apply for project-level grants or soft debt funding for stabilization.
• Assist Transactions Team with dispositions and/or refinancings.
• Identify ancillary income sources to aid stabilization.
• Manage, coach, and develop a workouts-focused asset management team.
• Review operating budgets, reforecasts, capex plans, and non-routine expenditures.
• Analyze financial statements, debt structures, reserves, and partnerships.
• Collaborate with property management, development, compliance, and resident services teams to resolve complex asset challenges.
• Oversee site visits, needs assessments, inspection responses, and action plans.
• Oversee monthly, quarterly, and annual reporting for the workout portfolio.

Skills

Affordable housing

LIHTC experience

Asset management

Leadership

Education

Bachelor's degree

Job description

• Affordable Housing, LIHTC, Tax Credits, Section 8, Asset Manager,
• Asset Management, Special Assets, Workouts, Dispositions, Multifamily

• Affordable Housing, LIHTC, Tax Credits, Section 8, Asset Manager,
• Asset Management, Special Assets, Workouts, Dispositions, Multifamily

Responsibilities

• Lead the identification, triage, and resolution of assets experiencing chronic cash flow deficits or operational distress.
• Develop, implement, and oversee property-specific action plans that result in property stabilization.
• Prepare and present recommendations to Senior Management.
• Find, investigate, and apply for project level grant or soft debt funding to help properties stabilize.
• Assist Transactions Team with dispositions and/or refinancings.
• Identify additional sources of ancillary income that can help a community stabilize.
• Manage, coach, and develop a team of workout-focused asset management professionals.
• Review and approve operating budgets, reforecasts, capital expenditure plans, and non-routine expenditures.
• Analyze financial statements, debt structures, reserve usage, and partnership arrangements.
• Partner with property management, development, compliance, and resident services teams to resolve complex asset challenges.
• Oversee site visits, physical needs assessments, inspection responses, and action plans.
• Oversee monthly, quarterly, and annual reporting for the workout portfolio.

REQUIREMENTS:

• 8+ years of affordable housing, LIHTC/multifamily experience.
• 3+ years of workout experience.
• 5+ years of direct people management experience.
• Bachelor’s degree required; Finance, Accounting, Business, or Real Estate preferred.