AVP, Asset Management – Multifamily

Job Description: • Develop and implement asset management strategies to maximize property performance, cash flow, and portfolio value while maintaining affordability commitments. • Prepare investment recommendation reports for new construction and rehabilitation, including a market assessment, proposed construction scope, and accompanying operating proforma • Oversee a regional portfolio of affordable housing properties, ensuring compliance with HUD, LIHTC, and other federal, state, and local regulatory requirements. • Monitor and analyze property performance metrics, including occupancy, rent collections, operating expenses, and capital needs. • Conduct regular property and market evaluations to identify opportunities for improvement or risk mitigation. • Physically inspect each property within their portfolio with regular cadence • Manage property budgets and long-term financial planning, ensuring alignment with ownership goals. • Collaborate with property managers to optimize NOI (Net Operating Income) and meet financial targets. • Oversee annual audits, financial reporting, and tax credit compliance submissions. • Analyze neighborhood or market conditions and trends, identifying the potential impact on the existing portfolio. • Partner with property management companies to ensure consistent execution of operational strategies. • Collaborate with Development and Acquisitions teams to ensure seamless transitions of newly acquired or developed properties into the portfolio. • Identify and mitigate potential risks, including physical, financial, and regulatory challenges. • Develop and implement corrective action plans as needed to address performance or compliance issues. Requirements: • Bachelor’s degree in Business Administration, Finance, Real Estate, or a related field preferred • Minimum 7 years of experience in asset management, real estate, or property management, with a strong focus on affordable housing. • Demonstrated understanding of LIHTC, HUD programs, and other affordable housing regulations. • Strong financial acumen, including experience with financial modeling, budgeting, and reporting. Benefits: • Competitive pay • Full slate of benefits Apply tot his job