Senior Asset Manager

Senior Asset Manager Job Description: The Senior Asset Manager is responsible for the oversight and management of the operating real estate portfolio owned and operated by ONIC, its affiliates, and its partnerships. The ideal candidate will have a deep understanding of the affordable housing market, strong financial acumen, and a proven track record in asset management. ONIC’s existing portfolio, which includes 11 properties and 1,359 units, serves an essential role in providing affordable housing in an increasingly competitive market. By executing its focused asset management strategy, ONIC will ensure that these properties continue to serve as vital housing resources for low‑to‑moderate income residents. Responsibilities Oversee and manage a diverse portfolio of affordable housing assets, including oversight of the financial and physical condition of the properties, budgets, cash management, and long‑term planning. Monitor all debt and equity financing requirements, including HUD and Section 42 LIHTC compliance. Evaluate and manage property management performance while identifying and managing refinancing and repositioning opportunities across the portfolio. Develop and implement strategies to maximize asset value and minimize risk including energy efficiency, insurance structuring, emergency preparedness, compliance, and property management policies. Prepare and present annual and quarterly progress reports to the CFO, CEO, Board of Directors, and Board Committees; maintain reporting compliance for investors, lenders, and all partners. Coordinate with resident services the needs of residents and resident boards; ensure that resident programs are budgeted for, and that property management is assessed as needed. Manage and coordinate the work of project teams including architects, contractors, engineers, consultants and property managers to ensure adherence to project budget and schedule, cost containment, regulatory compliance, and quality control. Negotiate agreements or secure bids; review bids presented by the property management companies and make recommendations for changes or approval to ONIC leadership. Oversee marketing and lease‑up programs for new properties in coordination with the real estate development team and CFO. Skills Required Bachelor’s degree in business, real estate, management, finance, urban planning, public administration, property management, and/or asset management. Minimum of five to seven years of asset management experience, preferably with affordable multi‑family housing. Proven skills in managing affordable housing small‑scale rehab and affordable housing construction projects ranging from $5,000 to $500,000 preferred. Experience with federal, state, local housing programs and funding sources including LIHTC, HOME and CDBG. Strong organizational and project management skills and ability to coordinate complex activities, manage conflicting demands, and meet deadlines. Excellent communication skills and ability to engage with others in a collaborative environment. Ability to create and analyze real estate financial reports and budgets. Proficiency with Microsoft Office, especially Excel. Current driver’s license and proof of motor vehicle liability insurance are required. #J-18808-Ljbffr