Senior Asset Manager (LIHTC)

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

Benefits offered by this job

Annual bonus target

Relocation assistance

Comprehensive benefits

Job summary

Leoforce seeks an experienced Asset Manager to lead a growing LIHTC portfolio in the Twin Cities. You will own asset management plans, monitor lease-up, and coordinate with finance, compliance, and operations to maximize value.

Requires 7+ years in asset management with LIHTC experience, strong Excel, and leadership ability. On-site role with minimal travel; offers a competitive salary, annual bonus target, relocation assistance, and a broad benefits package.

Qualifications

• Bachelor's degree in commercial real estate, finance, or related field.
• 7+ years of asset management experience.
• LIHTC (Low-Income Housing Tax Credit) experience with compliance exposure.
• Proficient Excel; able to learn new systems quickly.
• Strong financial analysis, forecasting, and reporting for upper management.
• Demonstrated leadership ability or managerial experience.
• Excellent verbal and written communication skills.
• Fully on-site; minimal travel.

Responsibilities

• Develop and own asset management plans for LIHTC assets.
• Monitor lease-up and ensure proforma compliance.
• Coordinate and conduct periodic site inspections.
• Review and approve annual operating budgets for partners.
• Monitor financial performance against budget and proforma.
• Lead cross-functional meetings for underperforming assets.
• Present portfolio condition to executives monthly.
• Support lifecycle capital plans with Capital Planning.
• Manage property insurance for LIHTC portfolio.

Skills

Financial analysis

Forecasting

Reporting

Leadership

Communication skills

Education

Bachelor's degree in commercial real estate

Tools

Excel

Job description

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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