Senior Asset Manager (LIHTC)

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

Job summary

Jobot is seeking a Senior Asset Manager to lead a newly created LIHTC portfolio in the Minneapolis area. This on-site role offers relocation and a clear path to team leadership as the portfolio grows.

You will develop asset management plans, monitor leasing, budgets, and financial performance, and present results to executive leadership. Collaboration with compliance and capital planning teams is essential.

Qualifications

• Bachelor's degree in commercial real estate or finance.
• 7+ years in asset management.
• LIHTC experience with compliance exposure.
• Strong Excel skills; able to learn new systems.

Responsibilities

• Develop and own asset management plans for LIHTC assets.
• Monitor lease-up and ensure proforma compliance with regulations.
• Coordinate site inspections with internal and third-party teams.
• Review annual operating budgets and deliver to partners on time.
• Monitor asset financials against budget and proforma.
• Lead cross-functional meetings for underperforming assets.
• Present portfolio status to executives monthly.
• Assist with lifecycle capital planning with Capital Planning.

Skills

Leadership

Communication

Financial analysis

Problem solving

Education

Bachelor's degree in commercial real estate or finance

Tools

Excel

Job description

Job details

Relocation Offered + MUST RELOCATE TO Minneapolis/Twin Cities + Newly Created Role + Fastest-Growing Segment of the Business + Path to Team Leadership

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

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

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.

Jobot is an Equal Opportunity Employer. We provide an inclusive work environment that celebrates diversity and all qualified candidates receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, age (40 and over), disability, military status, genetic information or any other basis protected by applicable federal, state, or local laws. Jobot also prohibits harassment of applicants or employees based on any of these protected categories. It is Jobot’s policy to comply with all applicable federal, state and local laws respecting consideration of unemployment status in making hiring decisions.

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