Senior Assistant Property Manager - LIHTC Expert

Automatic Data Processing, Inc.; Silver Spring (MD); On-site; USD 59,000 - 72,000; Full time

Benefits offered by this job

Health, dental, vision insurance

Paid vacation and holidays

401(k) with company matching

Professional development support

Competitive base salary of $65,000

Job summary

Banneker Management is seeking an Assistant Property Manager in Silver Spring, MD to support financial performance, operations, and resident experience across its multifamily portfolio. This role focuses on safeguarding asset value through compliance, budgeting, and superior resident service.

You will assist with daily property operations, site inspections, and maintenance coordination while ensuring safety, cleanliness, and adherence to company standards and budgets.

Qualifications

• Minimum five years of progressively responsible multifamily property management experience.
• Minimum three years managing LIHTC, affordable housing, or mixed-income communities.
• Experience managing multiple properties or serving as the senior manager of a multifamily portfolio.
• Thorough knowledge of IRS Section 42, Fair Housing, and applicable landlord-tenant regulations.
• Experience with budgeting, financial reporting, collections, expense control, and variance analysis.
• Demonstrated success supervising maintenance operations, vendors, inspections, unit turns, and resident relations.
• Strong organizational, interpersonal, written communication, verbal communication, and leadership skills.
• Proficiency with property management software and Microsoft Office.
• Ability to travel among assigned properties and respond to occasional after-hours emergencies.

Responsibilities

• Support day-to-day operations of the assigned portfolio under the direction of the Property Manager.
• Maintain a consistent on-site presence and assist with inspections of buildings, units, grounds, life-safety systems, and common areas.
• Help ensure each community is safe, clean, well maintained, properly staffed, and operated in accordance with Company standards and approved budgets.
• Identify operational, financial, maintenance, compliance, and resident-related risks and bring them to the Property Manager’s attention to support timely corrective action.
• Maintain complete, accurate, and organized property records, leases, contracts, inspections, compliance files, and operational documentation.
• Assist with preparing annual operating budgets, capital improvement plans, and financial forecasts.
• Assist with reviewing monthly financial statements, rent rolls, accounts receivable, accounts payable, delinquency reports, and budget variances.
• Identify and bring forward recommendations to improve financial performance.
• Support achievement of occupancy, collections, renewal, and revenue objectives established by management.
• Support sound financial stewardship by monitoring expenses while helping maintain property quality, compliance, and resident service.
• Review invoices, help monitor vendor expenditures, and follow appropriate financial controls.
• Assist with collection activities and coordinate related matters in accordance with Company policy and applicable law.

Skills

Property management

LIHTC experience

Budgeting & financial analysis

Regulatory compliance

Leadership

Vendor management

Communication

Travel ability

Team coordination

Tools

Yardi

AppFolio

RealPage

MRI

OneSite

Job description

Banneker Management is seeking an Assistant Property Manager in Silver Spring, MD to support financial performance, operations, and resident experience across its multifamily portfolio. This role focuses on safeguarding asset value through compliance, budgeting, and superior resident service.

You will assist with daily property operations, site inspections, and maintenance coordination while ensuring safety, cleanliness, and adherence to company standards and budgets.