Director of Asset Management

Equal Access is partnering with a well-established affordable housing organization that owns and operates a substantial portfolio of affordable housing across Brooklyn. This role sits at the top of the asset management function and plays a key leadership role in overseeing portfolio performance and long-term strategy. The Director of Asset Management is responsible for the financial, operational, and physical health of that entire portfolio, from long-term capital strategy to day-to-day accountability with property management. This is a senior leadership position with real authority and real visibility, including regular reporting to the Board. This is not a transactional asset management role. The portfolio is not being assembled; it is being actively managed, recapitalized, and optimized for long-term mission sustainability. The person stepping into this seat needs to understand both the mechanics of affordable housing finance and the organizational complexity of a nonprofit operating at scale. The company is looking for someone who brings genuine expertise in LIHTC structures, HUD and HPD programs, and complex multi-family finance, and who can also lead people, influence cross-functional teams, and represent the organization credibly with regulators, lenders, and syndicators. What This Role Is, and Is Not This role is: A portfolio-level leadership position with strategic, financial, and operational scope The primary internal authority on recapitalization, refinancing, and capital deployment decisions A cross-functional role that works closely with Fiscal, Development, Legal, and Sustainability teams The senior point of contact for external partners including HUD, HPD, HDC, lenders, and tax credit syndicators A high-accountability seat with direct Board exposure This role is NOT: A deal origination or acquisitions role A property management role or an oversight of day-to-day building operations An entry point into affordable housing finance Required Experience & Traits 8 to 10+ years of progressive experience in real estate asset management or development, with at least 3 to 5 years in a senior or leadership capacity Deep working knowledge of LIHTC (9% and 4%), HUD programs, and complex multi-family financing structures including RAD, HPD PLP, Tax Credit Re-syndication, and FHA/Fannie/Freddie products Proven experience managing portfolio-level financial modeling, cash flow projections, inter-company loan structures, and deferred developer fee strategies Familiarity with Year 15 LIHTC exit strategies and construction-to-stabilization transitions Expert-level proficiency in Yardi and business intelligence tools Demonstrated ability to hold external partners and internal teams accountable without losing the relationships A genuine commitment to affordable housing as a mission, not just an asset class Bachelor's degree required; MBA, MRED, or equivalent executive-level experience strongly preferred Key Responsibilities Formulate and execute the long-term vision for the portfolio, including hold/sell/refinance analyses and mission-alignment reviews Design and implement standardized asset management protocols, reporting models, and data-driven systems that institutionalize accountability across the portfolio Lead quarterly executive asset reviews and present portfolio performance, risks, and opportunities to senior leadership and the Board of Directors Lead strategy for asset recapitalization and refinancing across a range of program types and capital structures Direct reserve adequacy assessments and prioritize capital deployment across the portfolio to protect long-term viability Manage complex cash flow projections and portfolio-level financial structuring, including inter-company loan structures and deferred developer fee recovery Cross-Functional & External Partnership Serve as the primary senior liaison for lenders, tax credit syndicators, and regulatory agencies including HUD, HPD, and HDC Partner with the Development team to manage construction-to-stabilization transitions and Year 15 LIHTC exit strategies Collaborate with the Sustainability team on the financial structuring of green initiatives, including solar and energy retrofits, to improve ROI and ESG outcomes Operational Excellence & Accountability Establish portfolio-wide KPIs and margin targets, and hold property management accountable for NOI growth and corrective action plans Oversee the long-term capital improvement plan, ensuring major systems replacements and value-add initiatives meet ROI and quality benchmarks Collaborate with Legal and Risk Management to set insurance standards and mitigation strategies across all assets Compensation Base salary: $200,000 to $240,000, depending on experience Why EqualAccess EqualAccess partners with best-in-class organizations and supports candidates beyond placement. Every candidate we place receives 3 months of post-hire coaching and career support, ensuring long-term success and growth. #J-18808-Ljbffr EqualAccess