Asset Manager

Position: Asset Manager

Century Housing Corporation is a mission-driven Community Development Financial Institution

(CDFI) supporting quality affordable home development throughout California. With offices in

Culver City, Long Beach, and San Francisco, Century provides innovative end-to-end financing

from predevelopment to permanent loans. In addition, Century has both real estate development

and service provider arms which together with financing seek to address the affordable housing

and service needs of a diverse income range of projects and residents. Century and its three main

enterprises are all 501 ©-3 entities.

Position Overview

The Asset Manager will oversee a diverse portfolio of affordable housing loans spanning

predevelopment, acquisition, construction, and permanent financing. This position plays a crucial

role in managing loans through their entire lifecycle, from post-closing through repayment,

ensuring both strong portfolio performance and advancement of our affordable housing mission.

Core Responsibilities

Portfolio Management

The Asset Manager serves as Century's point of contact for borrowers, sponsors, and external

partners while overseeing all aspects of loan performance. This includes conducting regular

monitoring reviews, evaluating financial performance, tracking covenant compliance, and

maintaining strong relationships with all stakeholders.

Construction Loan Administration

This position serves as the primary point of contact for the Construction Inspector and assists with

the management of the construction loan disbursement process, including review and approval of

draw requests, monitoring of project budgets and timelines, and ensuring compliance with loan

documentation and regulations. The Asset Manager works closely with construction teams to

support successful project completion within established parameters.

Credit Analysis and Risk Management

The role involves ongoing analysis of borrower and project financial health, preparation of regular

credit reviews, and development of risk rating recommendations. The Asset Manager evaluates

multiple factors including operating performance, market conditions, and compliance with loan

terms to assess and monitor credit quality.

Special Assets and Workout Management

For underperforming loans, the Asset Manager develops and implements workout strategies in

partnership with the Credit Team and senior management. This includes conducting site

inspections, financial analysis, and structuring loan modifications when appropriate.

Portfolio Reporting and AnalysisThe position supports organizational reporting requirements by providing portfolio data and

analysis for internal stakeholders and external parties including rating agencies, government

entities, and the CDFI Fund.

Qualifications

Required Experience and Skills

• Minimum two years of experience in affordable housing finance, with focus on credit

analysis and loan management

• Strong understanding of financial analysis for both for-profit and nonprofit housing

developers

• Knowledge of affordable housing funding sources including LIHTC, tax-exempt bonds,

and government subsidies

• Experience with loan documentation and basic business law concepts

• Proficiency in Microsoft Office Suite and database management

• Bachelor's degree in real estate, urban planning, business administration, or related field

Personal Qualities

• Exceptional attention to detail and organizational skills

• Strong interpersonal and communication abilities

• Demonstrated ability to manage multiple priorities effectively.

• Self-motivated with a commitment to affordable housing

Compensation and Benefits

• Location: Hybrid with base in Culver City, California.

• Status: Full-time, Exempt

Salary Range: $100k-125k

• Comprehensive benefits package including healthcare, retirement plan, and professional

development opportunities.

Additional Requirements

• Valid driver's license required as position involves regular travel.

• Advanced degree preferred.

• Flexibility to manage a demanding but rewarding position.

How to Apply

Please submit your resume and cover letter to Josh Hamilton at jhamilton@century.org

Century Housing Corporation is an Equal Opportunity Employer committed to creating a diverse

and inclusive workplace. We encourage applications from candidates of all backgrounds who shareour commitment to expanding affordable housing opportunities through innovative community

development finance.