Senior Asset Manager - LIHTC Affordable Housing

Blue Sky Communities; Saint Petersburg (FL); On-site; USD 90,000 - 140,000; Full time

Job summary

Blue Sky Communities, based in St. Petersburg, FL, seeks a Senior Asset Manager to oversee a portfolio of affordable housing assets. Reporting to the VP of Asset Management, you will drive strategic performance and operational health for assigned properties.

You will lead budget processes, revenue optimization, and compliance with LIHTC and related agreements, while coordinating with internal finance, investors, and management partners.

Qualifications

• Proven asset management experience in affordable housing and LIHTC.
• Strong financial acumen; able to interpret complex closing documents.
• Excellent communication for diverse stakeholders.
• Understanding LIHTC compliance requirements per LPAs, UW, and operating agreements.

Responsibilities

• Provide strategic direction to management to maximize NOI and occupancy.
• Monitor rent collection, occupancy, security, and operating expenses.
• Perform site visits to assess operations and meet residents and officials.
• Lead annual budget process and capital repair planning.
• Review financial reports and closing documents to ensure compliance and understanding.
• Calculate annual waterfall distributions for properties in the portfolio.

Skills

Asset management

LIHTC experience

Financial analysis

Communication

Stakeholder management

Education

Bachelor's degree in a relevant field

Tools

RealPage

Yardi

MRI

Job description

Blue Sky Communities, based in St. Petersburg, FL, seeks a Senior Asset Manager to oversee a portfolio of affordable housing assets. Reporting to the VP of Asset Management, you will drive strategic performance and operational health for assigned properties.

You will lead budget processes, revenue optimization, and compliance with LIHTC and related agreements, while coordinating with internal finance, investors, and management partners.