Vice President / Director of Asset Management (affordable housing; LIHTC)
- REQUIRED : Affordable Housing asset management experience coupled with LIHTC (Low Income Housing Tax Credits) experience
- 100% In-office / On-site, 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 portfolioOversee third-party property managers and other staff to ensure effective management and operation of all assetsOversee the financial analysis, budgeting, and forecasting for all propertiesConduct 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 partnersMonitor & evaluate the performance of property management companies and third-party vendorsImplement & maintain effective systems and processes for tracking and reporting property performance, including occupancy rates, rent collections, maintenance expenses, and resident satisfactionDevelop and deliver regular reports to owners, senior management, development partners, and investors, providing updates on portfolio performance, financial metrics, and operational initiativesQualifications 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 REQUIREDIn-depth knowledge of affordable housing regulations, including LIHTC and other subsidy programs REQUIREDProven track record of successfully managing a portfolio of affordable housing assets and delivering strong financial resultsStrong financial acumen, with the ability to analyze financial statements, create budgets, and develop financial models / reportsExcellent leadership and team management skills, with the ability to motivate and guide a diverse group of professionalsExceptional communication and interpersonal skills, with the ability to effectively collaborate with stakeholders at all levelsKnowledge of property management principles, maintenance practices, and compliance requirementsAbility to travel to visit portfolio propertiesProficient in using asset management software and other relevant tools for reporting and analysis, including MS Office applicationsJ-18808-Ljbffr
Salary : $125,000 - $150,000
