Vice President Asset Management

Vice President / Director of Asset Management (affordable housing; LIHTC)

• Location: Fort Lauderdale, FL
• REQUIRED: Affordable Housing asset management experience coupled with LIHTC (Low Income Housing Tax Credits) experience
• 100% In-office, full time position (Monday through Friday)
• Compensation: $125,000 to $150,000 base salary (commensurate with experience) plus bonus potential and comprehensive benefits package

Summary: Growing multifamily affordable housing developer in South Florida seeks an experienced / driven individual for the new role of Director, Asset Management. As the Director, Asset Management, you will be responsible for overseeing the strategic planning, operations, and performance of Company’s affordable housing portfolio. Primary focus will be maximizing the financial & operational outcomes of all assets while ensuring the provision of safe, high-quality, affordable housing to residents. This senior-level position requires exceptional leadership skills, knowledge of affordable housing regulations, and a strong background in multifamily asset management.

Responsibilities for VP / Director, Asset Management:

• Develop & implement comprehensive asset management strategies and processes to optimize the financial performance and social impact of the affordable housing portfolio
• Oversee third-party property managers and other staff to ensure effective management and operation of all assets
• Oversee the financial analysis, budgeting, and forecasting for all properties
• Conduct regular inspections and assessments of properties to ensure compliance with quality standards, regulatory requirements, and affordability guidelines (travel required)
• Establish & maintain strong relationships with stakeholders, including investors, lenders, government agencies, and community partners
• Monitor & evaluate the performance of property management companies and third-party vendors
• Implement & maintain effective systems and processes for tracking and reporting property performance, including occupancy rates, rent collections, maintenance expenses, and resident satisfaction
• Develop and deliver regular reports to owners, senior management, development partners, and investors, providing updates on portfolio performance, financial metrics, and operational initiatives

Qualifications for VP / Director, Asset Management:

• Bachelor's degree in business administration, finance, real estate, or a related field is REQUIRED (Master's degree is preferred)
• Extensive experience (5 years) in asset management including experience in the affordable housing sector REQUIRED
• In-depth knowledge of affordable housing regulations, including LIHTC and other subsidy programs REQUIRED
• Proven track record of successfully managing a portfolio of affordable housing assets and delivering strong financial results
• Strong financial acumen, with the ability to analyze financial statements, create budgets, and develop financial models/reports
• Excellent leadership and team management skills, with the ability to motivate and guide a diverse group of professionals
• Exceptional communication and interpersonal skills, with the ability to effectively collaborate with stakeholders at all levels
• Knowledge of property management principles, maintenance practices, and compliance requirements
• Ability to travel to visit portfolio properties
• Proficient in using asset management software and other relevant tools for reporting and analysis, including MS Office applications