Job Description

Job Description

Andrews & Cole is currently partnering with a private real estate investment firm that is seeking an Asset Manager to oversee a diverse portfolio of multifamily properties across the United States. The role emphasizes strategic and financial stewardship, particularly within affordable housing sectors, including compliance with Low-Income Housing Tax Credit (LIHTC) regulations as well as Market-Rate properties.

Key Responsibilities

Portfolio Oversight

• Develop and execute tailored business plans for each property in alignment with investment goals.
• Track performance metrics such as financial results, occupancy rates, rent trends, and cost controls.
• Identify and implement operational enhancements to improve net operating income and asset value.
• Conduct periodic property inspections to assess conditions and progress.

Financial Management

• Evaluate annual budgets prepared by third-party property managers.
• Perform monthly financial reviews and variance analyses.
• Prepare and deliver quarterly investor reports, ensuring accurate fund-level updates.
• Supervise capital improvement planning and execution.

Compliance & Risk Management

• Ensure regulatory compliance for affordable housing programs, including tenant income certifications and adherence to legal agreements.

Financing & Capital Activity

• Maintain relationships with lenders and ensure timely submission of required financial documentation.

Qualifications

Education & Experience

• Bachelor’s degree in Real Estate, Finance, or a related discipline; advanced credentials (e.g., MBA, CCIM, CPM) are preferred.
• Minimum of five years in asset management, with at least two years focused on multifamily housing.

Skills & Knowledge

• In-depth understanding of affordable housing regulations, including LIHTC and HUD programs such as Section 8.

Benefits

• Includes a comprehensive package covering medical, dental, and vision insurance, along with life coverage.

For immediate consideration, please email your resume to rdesantiago@andrewscole.com.

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