Senior Asset Manager – Affordable Housing Portfolio

Maryland Nonprofits; Baltimore (MD); On-site; USD 110,000 - 150,000; Full time

Job summary

CHAI seeks an Senior Asset Manager to provide owner-level oversight of its affordable housing portfolio, analyzing financial, operational, compliance, capital, and physical performance, and overseeing third-party property management. The role serves as CHAI’s day-to-day owner representative in collaboration with Housing Development, Finance, and Resident Services.

Responsibilities include analyzing monthly statements, monitoring budgets and compliance, leading asset management meetings,

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.

Responsibilities

• Analyze monthly financial statements, occupancy, delinquency, budget variances, compliance, and other KPIs; identify trends and risks.
• Monitor third-party property management performance against ownership standards and budgets.
• Lead asset management meetings with management companies and track actions.
• Develop and maintain dashboards, watchlists, and performance tracking tools.
• Identify underperforming properties and recommend corrective actions.
• Review operating and capital budgets and evaluate portfolio performance against goals.
• Conduct periodic property inspections and monitor physical condition standards.
• Coordinate with Resident Services and property management on resident experience and mission objectives.
• Develop asset management plans for each property and monitor reserves, debt, and replacements.
• Review capital needs assessments and advise on recapitalization, refinancing, and preservation strategies.
• Monitor debt maturities, regulatory milestones, and subsidy contract renewals.
• Support cash flow forecasting, capital planning, and long-range portfolio planning.
• Maintain deal books, compliance calendars, and critical portfolio documentation.
• Monitor compliance with regulatory and lender obligations and coordinate reporting.
• Track audit findings and ensure corrective actions are implemented and closed.
• Escalate significant insurance or legal issues to the Vice President.
• Identify major financial, operational, compliance, and ownership risks.

Skills

Financial analysis

Budgeting

Excel proficiency

Property management

Stakeholder coordination

Education

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

Job description

CHAI seeks an Senior Asset Manager to provide owner-level oversight of its affordable housing portfolio, analyzing financial, operational, compliance, capital, and physical performance, and overseeing third-party property management. The role serves as CHAI’s day-to-day owner representative in collaboration with Housing Development, Finance, and Resident Services.

Responsibilities include analyzing monthly statements, monitoring budgets and compliance, leading asset management meetings,