Asset Manager

Asset ManagerLocation: Los Angeles, CaliforniaSalary: $70,400 –$80,000 per year, exemptReports to: Director of Asset ManagementOrganization OverviewFounded in 2004, Brilliant Corners provides innovative housing and housing-related services to California's most vulnerable individuals, with an emphasis on those transitioning from, or at risk of, homelessness or institutionalization. We develop, own, and manage multi-family supportive housing and licensed residential care homes. We implement a broad array of scattered-site, one-on-one supportive housing, and clinical case management programs through partnerships with developmental services, homeless services, veterans' services, and health care sectors.In short, we do good work.We have offices statewide with a staff of passionate people. While we are growing rapidly, we are also selective: We're seeking inspired, talented people who want to be effecting profound change and who have fun doing it.Brilliant Corners' Real Estate Division develops, owns, and manages supportive housing for vulnerable, extremely low-income Californians. The division includes over 100 employees, with teams dedicated to the development and management of licensed residential care homes for people living with developmental disabilities and of multifamily permanent supportive housing. Our licensed residential care portfolio consists of over 300 single-family homes leased to on-site service providers in a mix of "full-service" and modified triple-net leases, with another 40+ homes in development, comprising the largest portfolio of nonprofit-owned, deed-restricted community-based housing for Californians with intellectual and development disabilities transitioning or deflected from institutional settings. Our growing multifamily permanent supportive housing portfolio consists of two small sites in San Francisco and LA, plus four new LIHTC and Homekey developments in Los Angeles County totaling 248 units of permanent supportive housing. Our current assets include approximately $250MM in real estate owned.Position SummaryThe Asset Manager supports the duties of Brilliant Corners' Asset Management Department and helps to oversee a diverse housing portfolio that includes properties in development, newly stabilized assets, and long-standing communities. Responsibilities include financial analysis, regulatory compliance, operational oversight, and performance optimization to achieve project objectives.Under the guidance of the Director of Asset Management, the Asset Manager is responsible for the day-to-day execution of asset management strategies and initiatives, ensuring alignment with organizational goals and portfolio objectives. The Asset Manager promotes best practices in asset management informed by the principles of Permanent Supportive Housing (PSH), person-centered housing, Housing First, and CMS Home and Community-Based Services (HCBS) Waiver guidelines, helping to create fiscally sound, compliant, and thriving supportive housing communities.Additionally, the Asset Manager supports funder reporting, quality assurance activities, service provider coordination, and community relations efforts to ensure effective portfolio performance and stakeholder engagement.Position ResponsibilitiesPortfolio MonitoringMonitor the financial and operational performance of assigned affordable housing properties.Review monthly property management reports, rent rolls, occupancy reports, and financial statements.Track property performance against budgets and identify variances for further review.Assist in preparing portfolio performance summaries and dashboards.Financial AnalysisAnalyze property operating statements, cash flow reports, and budget-to-actual comparisons.Track reserve balances, replacement reserves, and operating accounts.Assist with annual budget reviews and financial forecasting.Support refinancing, recapitalization, and acquisition analyses through data collection and financial modeling.Compliance and ReportingMonitor compliance deadlines for loan agreements, regulatory restrictions, and affordable housing programs.Assist with LIHTC, HUD, HOME, and other program reporting requirements.Maintain organized property files and compliance records.Support responses to audits, lender requests, and agency monitoring reviews.Property Management OversightServe as a liaison between property management teams and ownership.Review occupancy, delinquency, maintenance, and work-order reports.Escalate operational concerns to senior asset management staff.Participate in regular property inspections and management meetings.Capital Projects SupportTrack capital improvement projects and rehabilitation activities.Monitor project budgets, schedules, and vendor reporting.Assist with capital needs assessments and long-term capital planning.Data ManagementMaintain asset management databases and reporting systems.Update property financial and operational data monthly.Generate routine reports for management, lenders, investors, and board committees.Ensure data accuracy and completeness.Stakeholder CoordinationAssist with communication among property managers, lenders, investors, consultants, and government agencies.Help coordinate reporting submissions and document requests.Support preparation of presentations and materials for internal and external meetings.