Senior Asset Manager (LIHTC)

Leoforce; Lauderdale (MN); On-site; USD 132,000 - 156,000; Full time

Job summary

Leoforce in Minnesota is seeking an experienced Asset Manager to develop and own asset management plans for a growing LIHTC portfolio. You will monitor lease-ups, ensure proforma compliance, and coordinate with internal and external teams to drive financial performance.

You will lead cross-functional meetings, present portfolio status to executive leadership, and partner with capital planning on lifecycle capital needs. This on-site role offers growth and relocation support where applicable.

Qualifications

• 7+ years of asset management experience including LIHTC exposure
• Strong financial analysis and reporting skills for upper management
• Excellent verbal and written communication skills
• Ability to lead and collaborate with cross-functional teams

Responsibilities

• Develop and own asset management plans for LIHTC portfolio
• Monitor lease-up and ensure proforma compliance
• Coordinate site inspections with internal/third-party teams
• Review and approve annual operating budgets for partners
• Monitor asset financial performance against budget and proforma
• Lead cross-functional meetings for underperforming assets
• Present portfolio status to executives monthly
• Collaborate with Capital Planning on lifecycle capital plans
• Support inquiries from governmental and lending agencies
• Oversee property insurance for LIHTC portfolio
• Become market expert in new submarkets as the portfolio grows
• Supervise financial analysts as team expands

Skills

Asset management

Financial analysis

Forecasting

Communication

Education

Bachelor's degree in commercial real estate or finance

Tools

Excel

Job description

Experience: Manager

Salary: $132,000 - $156,000 per year

Job Details

You're passionate about your work and driven to achieve ambitious goals. You step up when the team needs an extra hand and aren't afraid to ask for help when you need it. You make smart decisions because you get the big picture and ace the little details.

Responsibilities

• Develop and own asset management plans for a growing portfolio of LIHTC assets
• Monitor lease-up of LIHTC properties, ensuring adherence to proforma and compliance with applicable regulations (partnering with an internal compliance team)
• Coordinate and conduct periodic site inspections, internal and third-party
• Review and approve annual operating budgets, delivered to project partners on time
• Monitor financial performance of each asset against budget and proforma
• Ensure projects hit key milestones — equity installments, loan earn-outs, and tax credit testing requirements
• Lead cross-functional \"critical path\" meetings for underperforming assets, coordinating marketing, talent acquisition, and other stakeholders
• Present portfolio condition monthly to executive and senior leadership
• Partner with Capital Planning on lifecycle capital plans; flag variances during budgeting season
• Support responses to governmental, equity, and lending agency inquiries
• Manage property insurance for the LIHTC portfolio (placement, renewals, claims)
• Become a market expert in new submarkets as the portfolio expands
• Supervise financial analyst(s) as the team grows

Requirements

• Bachelor's degree in commercial real estate, finance, or a related field
• 7+ years of experience in asset management (a mix of traditional finance and asset management experience will be considered)
• Meaningful, hands‑on LIHTC (Low‑Income Housing Tax Credit) experience required, including compliance exposure
• Proficient Excel skills; able to learn new systems quickly
• Strong financial analysis, forecasting, and reporting skills for upper management
• Demonstrated leadership ability or experience in a managerial capacity
• Excellent verbal and written communication skills
• Comfortable holding property management teams accountable while operating as a true partner
• Fully on-site; minimal travel (site visits as needed)

Compensation & Benefits

Pay Range: $132,000–$155,800, plus annual bonus target, plus relocation. Comprehensive benefits including medical/dental/vision, FSA/HSA, paid family leave, 401(k) with company match, 3 weeks PTO plus holidays, wellness reimbursement, and more.

A bit about us

We are a fast-growing, multifamily real estate development, construction, and property management firm headquartered in the Twin Cities. Since our founding, we've developed billions of dollars in real estate representing thousands of homes across the Midwest, Mountain Southwest, and Sunbelt regions. We've been recognized nationally as a top workplace and rank among the top affordable housing developers and builders in the country. Our affordable housing (LIHTC) portfolio is our fastest-growing segment, and we're bringing new tax‑credit properties online every year.

Why join us?

• Own a newly created seat built specifically around our LIHTC growth — not a backfill into someone else's shoes
• Work directly with a technical, hands-on Director of Asset Management who genuinely enjoys mentoring on the details
• Real path to building and leading your own team as the portfolio scales
• High‑visibility role presenting portfolio performance directly to executive leadership
• Entrepreneurial, low‑ego culture with an "ownership mindset" at every level

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