Job Description

Title: Assistant Vice President, Asset Management

Compensation: $140,000 - $160,000 Base Salary + Bonus + Benefits

Location: Remote (Seattle - LIHTC)

The Assistant Vice President, Asset Management position has arisen with a renowned real estate firm instrumental in the affordable and LIHTC housing space. This business-critical role is pivotal in value creation and result reporting throughout the entire life cycle of properties, from stabilization to disposition. The AVP will collaborate cross-functionally with property management, finance, and development teams, and support executive leadership in shaping the organization's real estate investment strategy.

About the Assistant Vice President, Asset Management role :

Key Responsibilities

• Business Plan Implementation : Develop and implement asset management strategies for the company's affordable housing portfolio and participate in strategic planning and overall direction of the portfolio. Monthly, quarterly, and annual reporting that includes property financial performance, fund level financial projections, and portfolio valuations.
• Relationship-Building : Maintain collaborative and productive relationships with investment partners, community partners, public agencies, property management, and other industry professionals.
• Financial Management : Oversee performance analysis, financial modeling, capital planning, and compliance tracking to ensure portfolio health and mission alignment. Monitor property operating performance, financial trends, and capital needs, identifying opportunities to enhance cash flow and asset value.
• Transition Management : Reviews and informs the initial underwriting of both acquisition and development deals in preparation for Investment Committee and ensuring a clear and seamless transition from acquisitions / development into Asset Management.
• Cross Function : Collaborate with other departments to ensure a cohesive approach to the company's financial management and alignment with long-term objectives.
• Reporting System : Prepare and present regular reports on asset performance, valuation, and risk assessment to owners, executive team, and other stakeholders.
• Compliance : Ensure ongoing compliance with all regulatory, investor, and lender requirements, including LIHTC, HUD, and local housing authority guidelines.
• Risk Management : Implement risk management strategies to minimize potential losses and maximize returns.

The Person :

• MUST have experience working in affordable housing
• Minimum 7 years of experience in Asset Management, Property Management, or Real Estate
• Bachelor’s degree in business administration, finance, real estate development, or another related field.
• Strong financial analysis and financial modeling skills
• Affordable housing transactional experience, low-income housing tax credit (LIHTC), HUD – Seattle specific
• Yardi / Business intelligence programs, proficiency in MS Suite

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