VP, Asset Management – Affordable Housing

McCormack Baron Companies; St. Louis (MO); On-site; USD 120,000 - 180,000; Full time

Job summary

McCormack Baron Companies in St. Louis seeks a Vice President of MBAM to manage a portfolio of affordable housing properties and report to the President.

The role combines asset management oversight with general partner functions to protect investor value. You will oversee operating performance, budgets, compliance, site inspections, and capital planning, while coordinating with lenders, regulators, and management partners to maximize cash flow and property results.

Qualifications

• Bachelor’s Degree – preferably in Real Estate or Finance
• 4+ years of real estate experience, with a preference for multifamily asset or portfolio management experience
• Experience in Section 42 housing preferred

Responsibilities

• Develop a comprehensive knowledge of the portfolio assigned.
• Participate in MBAM portfolio strategy and Capital Projects (Re-syndication, Recapitalization, Refinance, GP Exit, Disposition).
• Review financial statements and operational performance to find areas of opportunity and / or improvement.
• Review Investor site visit and compliance reports. Report issues noted and track on watch list.
• Review and approve property budgets prepared by property management companies and make recommendations to improve cash flow and value.
• Review annual audited financial statements.
• Participate in quarterly Cash Flow meetings.
• Review / approve annual Capital Expense Budget.
• Physical inspection of Watch List MBS properties as needed. Review the physical structure for unusual deterioration or mismanagement. Analyze the neighborhood, market conditions, trends and their impact on the property.

Education

Bachelor’s Degree – preferably in Real Estate or Finance

Job description

McCormack Baron Companies in St. Louis seeks a Vice President of MBAM to manage a portfolio of affordable housing properties and report to the President.

The role combines asset management oversight with general partner functions to protect investor value. You will oversee operating performance, budgets, compliance, site inspections, and capital planning, while coordinating with lenders, regulators, and management partners to maximize cash flow and property results.