Senior Asset Manager (LIHTC)
$132k - $156kJobot
Relocation Offered + MUST RELOCATE TO Minneapolis/Twin Cities + Newly Created Role + Fastest-Growing Segment of the Business + Path to Team Leadership This Jobot Job is hosted by: Chelsea Piekarski
Are you a fit? Easy Apply now by clicking the "Apply" button and sending us your resume.
Salary: $132,000 - $156,000 per year A bit about us: We are a fast-growing, multifamily real estate development, construction, and property management firm headquartered in the Twin Cities. Since our founding, we've developed billions of dollars in real estate representing thousands of homes across the Midwest, Mountain Southwest, and Sunbelt regions. We've been recognized nationally as a top workplace and rank among the top affordable housing developers and builders in the country. Our affordable housing (LIHTC) portfolio is our fastest-growing segment, and we're bringing new tax-credit properties online every year. Why join us?
Are you a fit? Easy Apply now by clicking the "Apply" button and sending us your resume.
Salary: $132,000 - $156,000 per year A bit about us: We are a fast-growing, multifamily real estate development, construction, and property management firm headquartered in the Twin Cities. Since our founding, we've developed billions of dollars in real estate representing thousands of homes across the Midwest, Mountain Southwest, and Sunbelt regions. We've been recognized nationally as a top workplace and rank among the top affordable housing developers and builders in the country. Our affordable housing (LIHTC) portfolio is our fastest-growing segment, and we're bringing new tax-credit properties online every year. Why join us?
- Own a newly created seat built specifically around our LIHTC growth — not a backfill into someone else's shoes
- Work directly with a technical, hands-on Director of Asset Management who genuinely enjoys mentoring on the details
- Real path to building and leading your own team as the portfolio scales
- High-visibility role presenting portfolio performance directly to executive leadership
- Entrepreneurial, low-ego culture with an "ownership mindset" at every level
- Develop and own asset management plans for a growing portfolio of LIHTC assets
- Monitor lease-up of LIHTC properties, ensuring adherence to proforma and compliance with applicable regulations (partnering with an internal compliance team)
- Coordinate and conduct periodic site inspections, internal and third-party
- Review and approve annual operating budgets, delivered to project partners on time
- Monitor financial performance of each asset against budget and proforma
- Ensure projects hit key milestones — equity installments, loan earn-outs, and tax credit testing requirements
- Lead cross-functional "critical path" meetings for underperforming assets, coordinating marketing, talent acquisition, and other stakeholders
- Present portfolio condition monthly to executive and senior leadership
- Partner with Capital Planning on lifecycle capital plans; flag variances during budgeting season
- Support responses to governmental, equity, and lending agency inquiries
- Manage property insurance for the LIHTC portfolio (placement, renewals, claims)
- Become a market expert in new submarkets as the portfolio expands
- Supervise financial analyst(s) as the team grows
- Bachelor's degree in commercial real estate, finance, or a related field
- 7+ years of experience in asset management (a mix of traditional finance and asset management experience will be considered)
- Meaningful, hands-on LIHTC (Low-Income Housing Tax Credit) experience required, including compliance exposure
- Proficient Excel skills; able to learn new systems quickly
- Strong financial analysis, forecasting, and reporting skills for upper management
- Demonstrated leadership ability or experience in a managerial capacity
- Excellent verbal and written communication skills
- Comfortable holding property management teams accountable while operating as a true partner
- Fully on-site; minimal travel (site visits as needed)
Vacancy posted 17 hours ago
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