- Location: San Diego , CA
- Type: Direct Hire
- Job #27576
Our client is actively on the lookout for a Director of Asset Management. As the Director of Asset Management, you will lead and oversee a team of asset managers and play an integral part in strengthening the company’s real estate portfolio. Key components of this role include implementing key initiatives related to permanent supportive housing, energy efficiency, rehabilitation projects, and capital improvements while ensuring cross-departmental coordination with resident services, housing development, and other stakeholders. The successful candidate will have expertise in asset management, compliance, and financial oversight of tax-credit-financed affordable housing properties and will drive operational efficiency and long-term portfolio sustainability.
Responsibilities:
- Independently monitor and report on the activities of property management firms to the Vice President.
- Oversee and strengthen property management partnerships ensuring alignment with company policies, core values, and mission.
- Approve capital improvement plans and replacement projects, including energy efficiency retrofits.
- Review audits and operating budgets, providing recommendations for approval.
- Monitor and analyze asset performance, ensuring financial and operational targets are met.
- Assure appropriate capital and reserve investments to maintain asset quality and construction standards.
- Lead, train, and develop asset managers, coordinators, interns, and volunteers.
- Oversee utility tracking and benchmarking programs for regulatory compliance.
- Ensure accurate reporting and analysis of financial, operational, and physical property performance.
- Monitor compliance with HUD, LIHTC, HOME, and other affordable housing regulations.
- Lead owner’s representative role in underwriting and due diligence for acquisitions, re-syndications, dispositions, construction, and rehab projects.
- Conduct financial and physical due diligence for new acquisitions, including market reviews, site inspections, and development scope evaluations.
- Implement an annual rent increase policy in collaboration with executive leadership.
- Use benchmarking and data analytics to drive operational efficiencies and optimize asset performance.
- Support strategic initiatives, including eviction prevention, credit strengthening, and integrated pest management programs.
- Ensure successful lease-ups for new construction and occupied rehabs to meet project milestones.
- Stay informed on sustainability trends, government incentives, and green building practices.
- Lead efforts to integrate environmentally friendly operations and energy-efficient technologies into asset management strategies.
- Maintain property specifications to preserve design integrity while incorporating modern, sustainable updates.
Minimum Qualifications:
- Bachelor’s degree
- 10 years of prior experience in affordable housing asset management or property management
- Prior supervisory experience
- Strong knowledge of HUD, LIHTC, HOME, and affordable housing compliance
- Advanced proficiency in Microsoft Excel
Preferred Qualifications:
- Bachelor’s degree in real estate management, accounting, finance, or a related field; Master’s degree a plus
- Certification in real estate asset management or compliance (e.g., CHAM or similar organizations)
- Experience with budgeting, financial modeling, and property performance analysis.
- Ability to read and analyze complex loan, regulatory, and legal documents.
- Experience leading large-scale rehabilitation and capital improvement projects
- Strong problem-solving and decision-making abilities
- Excellent written and verbal communication skills
- Experience integrating sustainability initiatives into property operations
Salary Range: $150,000 – $175,000
*The above represents the lowest to highest expected salary range for this job opening. Our client may pay more or less than the posted salary range, and the salary range may be modified in the future. Our client will consider job-related factors including, but not limited to, education, qualifications, certifications, experience, skills, geographic location, and business or organizational needs when determining pay.