Senior Asset Manager

About Us: For over 40 years, LA Family Housing Corporation has operated two very distinct businesses as a real estate developer and homeless services provider. In fact, in the early 1980’s there were two different corporations formed: Valley Shelter (a homeless services agency) and L.A. Family Housing Corp. (a real estate development company). Due to shared vision, mission, and leadership of the two companies, they legally merged in the late 1980s to become the LA Family Housing Corp that operates today: one of the most trusted and respected leaders in the homeless services industry as well as the affordable and supportive housing development sector. The early leaders of LA Family Housing believed in the strength of this combined model, recognizing that the needs of the community were best served by the seamless coordination of housing and supportive services to effectively end homelessness in people’s lives. LAFH has operated under this combined model to advance our corporate mission to end homelessness and poverty in people’s lives with housing enriched with supportive services.

In 2024, LA Family Housing created LAFHBUILDS, a separate and distinct legal non-profit affiliate corporation to develop, manage, and operate long-term multi-family real estate assets. We continue with our community-based approach which allows us to influence how homelessness is addressed in Los Angeles and nationwide. We take tremendous pride in positioning our staff as national leaders in innovation, best practices, and policy within housing production and homeless services. From presenting at national conferences to facilitating service collaboration among providers in other regions, we equip our industry to effectively respond to homelessness and ultimately move more people home.

Join this incredible team of changemakers and start making a difference in people’s lives today at LAFHBuilds!

Position Summary: We are seeking a full-time Senior Asset Manager with a keen interest in overseeing the financial, compliance, and operational performance of a portfolio of affordable and supportive housing communities. This role ensures properties are well-managed, compliant with regulatory requirements, and financially sustainable. The Senior Asset Manager will provide direct supervision to Asset Management staff, work closely with third-party property management companies, and collaborate with internal departments to uphold organizational objectives. You will play a key role in long-term planning, capital improvements, and risk management while fostering a supportive environment for residents.

Key Responsibilities:

• Lead the development, review, and monitoring of annual operating budgets in coordination with property management and finance teams.
• Conduct ongoing financial analysis, including variance reviews, cash flow monitoring, utility benchmarking, and portfolio performance trends.
• Monitor capital and replacement reserve accounts, submit draw requests, and track use of funds.
• Support underwriting for rehab projects, acquisitions, and dispositions in collaboration with the Housing Development team.
• Works closely with Property Management to develop and adopt realistic annual operating budgets that meet the organizational objectives.
• Ensure properties remain in compliance with LIHTC, HUD, local housing department, lender, and investor requirements.
• Oversee timely completion of all required reports, certifications, and welfare/tax exemption filings.
• Review audit/inspection findings and coordinate with property management to implement corrective action plans.
• Manage compliance transitions from development to operations, including 8609 filings and creation of compliance documentation.
• Maintain vendor lists, review bids, and evaluate vendor performance for recurring and one-time capital projects.
• Provide oversight and accountability for third-party property management companies, including reviewing management agreements, staffing, and performance metrics.
• Review and approve incident reports, insurance claims, and legal issues in coordination with property management and counsel.
• Conduct resident satisfaction surveys and provide recommendations to improve the resident experience.
• Supervise Asset Management staff, providing coaching, mentorship, and performance reviews.
• Collaborate with Services, Finance, Facilities, and Housing Development teams to ensure alignment across property operations.
• Represent the organization in meetings with lenders, investors, regulatory agencies, and community stakeholders.
• Other duties as assigned to ensure effective operation of asset management portfolio.

Desired Skills and Qualities:

• Bachelor’s degree required with a concentration in business, finance, accounting and/or real estate OR five (5) plus years of proven experience in affordable housing field including development and property management.
• Three (3) to five (5) years of proven experience in asset management.
• Proven computer literacy in databases such as Microsoft Excel, Word, and PowerPoint.
• Strong understanding of affordable housing finance, operations, and compliance (LIHTC, HUD, local agency requirements).
• Proficiency in financial modeling, variance analysis, and asset performance evaluation.
• Experience with capital planning, rehabilitation projects, and reserve funding strategies.
• Skilled in contract/vendor management and negotiation.
• Excellent written and verbal communication, with strong facilitation and conflict resolution abilities.
• Knowledge of Los Angeles’s affordable housing and regulatory environment preferred.
• Bilingual English/Spanish strongly preferred.
• Experience in effective staff supervision.
• Experience in facilitation, conflict negotiation, teambuilding and group dynamics.
• Works well in a team-oriented environment and ability to work independently, managing multiple priorities.
• Maintains and executes confidential information according to HIPAA standards.
• Obtain and maintains CPR/First Aid Certification.
• Ability to pass post-offer Tuberculosis (TB) clearances.
• Travel is a regular duty for this position and is required 20% of the time.
• Use of a personal vehicle to travel between worksites and other locations is required.
• Must have and maintain a valid California Driver’s License and auto insurance in good standing.
• Ability to work a 9/80 work schedule.

LAFHBUILDS is an equal opportunity employer. We are committed to creating an inclusive environment for all employees and applicants. We do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, veteran status, or any other legally protected status. We encourage applications from individuals of all backgrounds and experiences, and we are dedicated to providing a workplace that respects and values each person's unique contributions.

If you require accommodations during the application or interview process, please contact us at [email protected]. We are committed to providing reasonable accommodations to ensure equal access to employment opportunities.

How to Apply: Interested candidates should submit their resume and cover letter through Indeed. Join us in making a difference in the lives of those in need.