Asset Manager

Asset Manager

Gorman & Company is seeking an experienced Affordable Housing Asset Manager to join our Asset Management team. This is a senior-level opportunity for an accomplished asset management professional with 5+ years of direct affordable housing asset management experience and a strong understanding of the financial and investment side of LIHTC and other affordable housing properties.

This hybrid position can be based in our Oregon, Wisconsin; Phoenix, Arizona; or Denver, Colorado offices. You'll represent ownership across a nationwide portfolio, working closely with investors, lenders, syndicators, development, property management, and executive leadership to maximize asset performance, manage risk, and guide long-term investment strategies.

What You'll Do

• Oversee the financial performance, regulatory compliance, and long-term investment strategy of a portfolio of LIHTC and other affordable housing communities.
• Analyze property financial statements, cash flow, NOI, budgets, forecasts, capital needs, and operating trends to identify risks and opportunities and recommend corrective action.
• Develop and maintain financial models, investment analyses, return projections, capital account reporting, and other analyses supporting ownership and portfolio decisions.
• Evaluate and manage major portfolio strategies and transactions, including refinancing, recapitalization, investor exits, syndication, disposition, loan conversions, and equity releases.
• Monitor partnership agreements, debt covenants, reserve requirements, LURAs, and other financing and ownership obligations while ensuring compliance with applicable affordable housing programs.
• Partner with Property Management, Development, Accounting, Compliance, investors, lenders, syndicators, and regulatory agencies to address asset performance, financial, operational, and compliance matters.
• Provide strategic recommendations to executive leadership regarding asset preservation, risk mitigation, capital planning, portfolio performance, and long-term investment strategy, including conducting periodic property site visits.

What You'll Bring

• Bachelor's degree in Finance, Accounting, Real Estate, Business, or a related field required.
• 5+ years of direct asset management experience within affordable housing required, with progressively responsible experience overseeing multifamily investment assets.
• Extensive LIHTC experience and knowledge of other affordable housing programs such as HOME, Section 8, RAD, LURAs, and other federal, state, and local programs.
• Experience working for or directly with a developer, investor, syndicator, or similar real estate ownership/investment organization.
• Strong finance and accounting expertise, including financial statements, financial modeling, cash flow analysis, investment returns, budgets, capital planning, and portfolio performance; a degree in Finance or Accounting is preferred, or equivalent high-level experience in these areas.
• Advanced Microsoft Excel skills with the ability to translate complex financial and operational information into clear recommendations for ownership and executive leadership.
• Strong communication and relationship-management skills, with the ability to confidently work with investors, lenders, syndicators, regulatory agencies, and internal leadership; ability to travel, including overnight travel, as needed.

Why Work With Us at Gorman

• Competitive salary of $68,000$112,000 annually, based on experience, qualifications, geographic location, and market conditions.
• Make an impact through mission-driven work that preserves and creates quality affordable housing communities across the country.
• Build your career with a nationally recognized affordable housing leader and gain exposure to a diverse portfolio, complex transactions, and strategic investment initiatives.
• Enjoy a hybrid work environment that provides flexibility while keeping you connected to a collaborative, experienced Asset Management team.
• Invest in your future with a 401(k) featuring up to a 6% company match, paid parental leave, and opportunities for professional growth and development.
• Take care of yourself and your family with medical, dental, vision, company-paid short- and long-term disability, 18 days of PTO, 11.5 paid holidays, Lifestyle Spending Accounts, pet insurance, and more.
• Be part of a team making a nationwide difference through innovative affordable housing development, preservation, and investment.

If you're an experienced affordable housing asset management professional ready to bring your financial expertise and investment perspective to a mission-driven organization, we'd love to hear from you.

Apply today and join Gorman & Company!

We are an equal opportunity employer.