Senior Asset Manager, Affordable Housing Portfolio

Arc70 Capital LLC

Burlingame (CA)

On-site

USD 120,000 - 180,000

Full time

14 days+

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Job summary

Arc70 Capital LLC in Burlingame, CA is seeking an experienced Asset Manager to join its Portfolio Management team. The role requires 5+ years in affordable housing asset management with LIHTC and HUD program familiarity, reporting to the Head of Portfolio Management.

The firm finances affordable housing nationwide and manages over $5.1 billion in investments. You will drive asset performance, coordinate with borrowers and property managers, and support ongoing risk management across multiple

Qualifications

5+ years of affordable housing asset management experience.
Familiarity with project-based Section 8, HUD programs, and LIHTC.
Strong problem solving skills, resourceful, and capable of working with incomplete information.

Responsibilities

Monitor the portfolio’s assets and report financial performance and key metrics.
Communicate with borrowers, servicers, and property managers to provide updates and recommendations to senior management.
Conduct site visits, provide critical updates and recommendations, and support asset turnaround and stabilization.
Evaluate capital expenditures prioritizing return on investments.
Work with underwriting and investment teams on post-closing asset management plans.
Monitor the construction process and conversion of assets to stabilization.
Drive efficiencies in operational costs.
Support ongoing asset, portfolio, and risk management across multiple funds.