Asset Manager

Overview

The Asset Manager is responsible for the long-term sustainability and performance of a diverse portfolio of properties. This role requires significant decision-making authority across financial oversight, regulatory compliance, and strategic planning to optimize asset value and minimize risk. Responsibilities include developing and executing strategies to support operational excellence, financial health, and adherence to governing requirements, while maximizing owner returns and portfolio growth.

Responsibilities

• Contribute to caring and positive working and living environments for employees and residents.
• Establish annual property and capital budget and submit for final approval.
• Prepare Budget Based Rent Increases for submission to HUD and follow through until approved.
• Complete and submit timely compliance and financial reporting for third-party agencies as required by controlling documents (HUD, investors, state agencies, etc.).
• Conduct monthly financial review of financials for all properties in the portfolio.
• Submit Reserve for Replacement/Residual Receipt requests to HUD.
• Partner with Real Estate Development on refinance/new projects proformas.
• Provide financial reporting to boards as needed.
• Manage SAM renewals.
• Monitor surplus cash monthly and ensure annual surplus cash is distributed as appropriate.
• Respond to annual financial statement inquiries from third parties.
• Review draft audits and oversee corrective action as needed.
• Maintain a clear understanding of key property documents (including partnership, regulatory, loan, and subsidy documents) and relevant obligations and opportunities.
• Conduct periodic property physical inspections.
• Ensure deferred developer fee payments, asset management fees, and other incentives or reimbursements due to the owner are received, maximizing owner waterfall opportunities.
• Ensure fulfillment of other waterfall obligations to subordinate lenders.
• Develop and execute the Year 15 exit strategy.
• Coordinate with internal departments and third-party agencies as requests arise.
• Update contact information with third-party agencies as changes occur.
• Update HUD Secure systems changes/updates/requests.
• Submit and track insurance claims until claims are closed.
• Maintain KPIs and a financial analytics dashboard.
• Perform other duties as assigned.

Reporting & Organizational Relationships

• Reports directly to the Director of Asset Management.
• No supervisory responsibilities.

Qualifications

• Bachelor’s degree (B.A. or B.S.) in accounting or finance.
• 5+ years of progressively responsible, relevant work experience in affordable housing asset management or a related field.
• Knowledge of the real estate and affordable housing industry (experience is a plus).
• Advanced Excel skills.
• Knowledge of Yardi Voyager Accounting (Core, GL, Financial Reporting, Budgets, Financials Modules).
• Ability to handle multiple tasks simultaneously.
• Strong interpersonal skills; excellent written, verbal, and organizational skills; attention to detail and accuracy.
• Proficient with Microsoft Office 365 and prior experience with accounting systems and processes.
• Customer service orientation and the ability to communicate with tact and diplomacy.
• Effective organizational skills and attention to detail.
• Time management skills with a proven ability to meet deadlines.
• Strong analytical and problem-solving skills.
• Ability to act with integrity, professionalism, and confidentiality.
• Background checks are conducted for all candidates who have received a conditional job offer; satisfactory completion is required for employment.

Preferred Qualifications

• Experience in real estate and affordable housing industry (preferred).

Compensation & Benefits

• Full-time, exempt position.
• Salary range:
  • $94,650 to $132,532 in California
  • $85,079 to $119,279 outside of California
• Most new hires are brought in at the minimum of the salary range.
• Competitive benefits package including:
  • Health, dental, vision, and life insurance
  • 8% of an employer contribution for retirement
  • More benefits as offered

Location

• Based at Central Office — Walnut Creek
• Walnut Creek, CA (Walnut Creek location)
• Role may be based at an approved remote work location.