The Senior Asset Manager operates independently under the guidance of the Asset
Management Lead or Director to ensure the long-term financial and physical
well-being of HumanGood’s Section 42 LIHTC and HUD communities. This role
ensures compliance with HumanGood, owner, and lender requirements, and
contributes to the overall performance and sustainability of the assigned
portfolio.
Schedule: Full-Time
Monday - Friday at 8:00 AM - 5:00 PM
Salary Mid-Point Range: $110,000 - $130,000, depending on experience,
qualifications, and geographic location
Location: Remote; must be located in CA, OR, WA, DE, or PA
To be successful in this role, you would have:
6+ years of experience in Affordable Housing required.
4+ years of experience with LIHTC funding required.
4+ years of experience in Affordable Housing asset management preferred.
BA degree in finance, public administration, business, or related field (MA
preferred). Work experience may be substituted
Understanding of operations of affordable housing
Experience working with multiple internal and external clients.
Ability to follow-through and deliver work assignments on time.
Conscientious to work detail and well organized are essential.
Multifamily subsidy sources, including Section 42 low-income housing tax
credits, state or local housing funding
Knowledge of HUD real estate policies and/or transactions
A day in the life would look like:
Strategic Asset & Financial Management
Develop and implement strategies to maximize portfolio value, cash flow,
and long-term financial performance, including recapitalization
opportunities.
Identify underperforming or “Watch List” properties and recommend
corrective strategies.
Monitor properties through stabilization and the first full fiscal year to
ensure pro forma performance.
Independently monitor properties transitioning into operations to ensure
pro forma performance through stabilization and the first full fiscal year.
Analyze budgets against projections, benchmarks, and goals to ensure
compliance with affordability, operating expenses, reserve funding, and
cash distribution requirements.
Support Operations in developing project budgets that meet debt service
coverage, reserve funding, and cash flow distribution needs.
Monitor operating expenses and provide variance explanations; propose
creative solutions to financial challenges.
Review and track annual budgets, audited financials, tax returns, and
capital accounts; ensure timely submission to stakeholders.
Review and complete waterfall calculations and distribution summaries.
Participate in long-term capital planning and ensure reserve accounts are
adequately funded.
Coordinate with Finance and Operations to ensure timely reserve draws and
insurance claim processing.
Track and support property tax exemptions and appeals
Compliance, Reporting & Stakeholder Management
Serve as primary contact for lenders, investors, municipalities, and
regulatory agencies regarding compliance, reporting, and reserve
withdrawals.
Ensure timely and accurate submission of compliance reports to all
stakeholders.
Monitor utility reporting for compliance with energy benchmarking
requirements.
Review and interpret regulatory, loan, and partnership agreements;
summarize key compliance and financial obligations.
Track and close out audit and compliance findings.
Maintain current housing certifications and stay informed on relevant
regulations and best practices.
Development & Property Performance
Provide financial and compliance input for new developments and support
transitions from Development to Operations.
Coordinate with Development, Operations, Compliance, Finance, and
Maintenance to address property needs and performance.
Conduct and document property inspections and site walks.
Lead quarterly financial and property performance discussions.
Support end-of-compliance-period strategies, including investor buyouts.
Maintain accurate asset information and property plans.
Leadership & Special Projects
Mentor Asset Managers and review financial models and reports.
Lead or support special projects and portfolio initiatives as needed.
Recommend process and performance improvements across the portfolio.
What's in it for you?
At HumanGood, we’re driven by purpose—reimagining senior living and creating
communities where older adults can thrive. When you join us, you’re part of
something bigger, making a meaningful impact in the lives of residents every
day. Build your future where you’re supported — you’ll have the total rewards
you need to build a confident, secure life for you and your family. Count on a
compensation package that maximizes your health, wealth and well-being. And adds
up to 40% in value to your base compensation.
We offer a comprehensive range of benefits and perks to support you, including:
Health, Dental and Vision Plans- start the 1st of the month following your
start date
20 days of paid time off (increases with years of service), plus 7 company
holidays
401(k) with up to 4% employer match and no waiting on funds to vest
HSA option with employer contribution
Tuition Reimbursement and continuing education programs
$25/line unlimited cell phone plan (plus taxes and fees)
Cell Phone Stipend
5-star employer-paid employee assistance program
Please Note: Benefit eligibility is determined by employment status and
regularly scheduled hours.
As team members support residents, HumanGood supports team members. Here, you'll
have the benefits and compensation you need to build a secure life for your
family, and real opportunities to grow in your career, gain leadership skills
and develop personally. Join us. You'll make a difference by helping our team
members and our residents realize their full human potential. Learn more at
www.HGcareers.org [http://www.HGcareers.org]
Come see what HumanGood has to offer!