Harmony Housing Affordable Development · 1 day ago
Senior Asset Manager
Triangle Area
Full-time
Onsite
Senior Level
5+ years expHarmony Housing Affordable Development Inc. is among the largest real estate developers of affordable rental housing in the United States. The Asset Manager will oversee the financial, operational, and compliance performance of the affordable housing portfolio, ensuring adherence to regulations and effective management of assets throughout their lifecycle.
Government Administration
Responsibilities
Manage assigned assets through the entire project lifecycle: from financial closing, through construction or rehabilitation, stabilization, permanent loan conversion, and ongoing stabilized operations
Collaborate with development, construction, and accounting teams to ensure timely delivery of milestones, draw coordination, and investor/lender compliance
Oversee transition from construction to stabilized operations, including lease-up monitoring, conversion of financing, and implementation of long-term asset management strategies
Review and analyze monthly and quarterly financial statements, including income statements, balance sheets, and cash flow reports
Monitor financial performance against budgets and benchmarks; identify and address variances or operational inefficiencies
Oversee and perform bond compliance tests, covenant reporting, and other financial obligations
Lead or support annual operating budget preparation in coordination with property management and accounting teams
Evaluate and underwrite opportunities for refinancing, re-syndication, or disposition within the portfolio
Prepare asset and portfolio performance summaries for internal leadership and investor reporting
Ensure ongoing compliance with LIHTC requirements, including income/rent limits, set-asides, and regulatory deadlines
Oversee compliance with rental assistance programs (HUD, USDA-RD, Section 8, and others)
Review and monitor tenant income qualification and recertification processes to ensure accuracy and program adherence
Partner with compliance and property management teams to complete required reporting on time and in compliance with all regulatory agencies
Maintain current knowledge of relevant federal, state, and local affordable housing regulations
Conduct regular site inspections to assess physical conditions, maintenance practices, and capital needs
Oversee and approve capital improvement plans, ensuring timely execution and cost control
Support sustainability and energy efficiency initiatives where applicable
Collaborate with property management teams to promote consistent operational and resident service standards
Serve as the primary liaison with third-party property management companies, ensuring alignment on financial, operational, and compliance goals
Coordinate with corporate accounting teams on financial reporting, audits, and cash flow management
Communicate asset performance, risks, and opportunities to the executive leadership team in a clear and concise manner
Participate in investor and lender calls as needed
Maintain complete and accurate property and compliance documentation
Contribute to strategic portfolio planning and performance improvement initiatives
Support due diligence and transition efforts for new acquisitions and dispositions
Represent HHAD at conferences, industry events, and stakeholder meetings
Qualification
Required
Bachelor's degree in finance, Real Estate, Accounting, or a related field; advanced degree or professional certification (e.g., CPM, CAM, CPA) preferred
Minimum of 5+ years of experience in affordable housing asset management, with a focus on LIHTC and USDA-RD financing structures
Proficiency in LIHTC compliance, tax-exempt bond financing, and rental assistance program administration
Strong analytical skills; ability to interpret complex financial and operational data
Proven experience managing operating budgets, capital plans, and financial reporting
Willingness to travel up to 25% to visit properties and partners
Demonstrated excellent analytical, problem-solving, and decision-making skills
Ability to recognize and mitigate investment risks
Ability to interpret and implement complex regulations, providing clear guidance to teams and management agents
High-energy, accurate, organized, highly detailed, and results-oriented professional with demonstrated ability to successfully manage multiple projects and work under pressure of strict deadlines
Excellent written and oral communication skills with an ability to clearly and concisely express ideas, thoughts, and concepts verbally and in writing to diverse teams
Proficiency with Microsoft Office Suite, Adobe, SharePoint, Smartsheet, and familiarity with Yardi, RealPage, or similar asset management software
Exceptional customer service and interpersonal skills, with the ability to build and maintain relationships with internal and external stakeholders
Ability to manage daily responsibilities and projects with minimal direction, while also working in close collaboration with a team to provide solutions where needed
Ability to maintain a 'big picture' focus while attending to incredibly detailed work and providing thorough documentation
Resourceful, flexible and maintain the ability to react and respond quickly towards positive outcomes
Strong personal standards and values consistent with HHAD's core values (entrepreneurial, integrity, caring, and excellence)
Company
Harmony Housing Affordable Development
Harmony Housing Affordable Development constructs and preserves thousands of rental units for low-wealth residents.
11-50 employees
Funding
Current Stage
Early StageCompany data provided by crunchbase