VP of Asset Management

VP of Asset Management -New York, New York - Hybrid

The Role

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 VP 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
• A back-office financial reporting function

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

Strategic Portfolio Leadership

• 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

Financial Engineering & Capital Markets

• 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: $230,000 to $250,000, depending on experience
• Full-time, salaried position

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.