Position title: Real Estate Asset Manager
Reports to: Executive Vice President, Real Estate
Classification: Exempt, Full-Time
About Us
Ohio Community Development Finance Fund (“Finance Fund”) is a mission-driven nonprofit organization that drives capital, real estate development, and other resources to low- and moderate-income communities to improve quality of life.
Finance Fund is a leading organization in affordable housing development, construction, and maintenance. We are committed to creating sustainable, quality housing solutions for low-income communities through the Low-Income Housing Tax Credit (LIHTC) program and other non-LIHTC subsidy programs. Our team is passionate about making a positive impact on communities and we are looking for a dedicated Real Estate Asset Manager (“Asset Manager”) to join us in this mission.
Position Overview
The Asset Manager will oversee the performance and compliance of a portfolio of our affordable housing properties. This role involves monitoring financial performance, ensuring regulatory compliance, and enhancing property operations to maximize value and sustainability. The ideal candidate will have a strong understanding of the LIHTC program, experience in real estate asset management, and a passion for affordable housing.
Key Responsibilities
•Portfolio Management: Oversee a diverse portfolio of LIHTC properties, ensuring financial health and regulatory compliance.
•Financial Analysis: Conduct regular financial reviews, including operating budgets, cash flow analysis, and variance reports; develop strategies to enhance property performance.
•Compliance Monitoring: Ensure properties meet all LIHTC program requirements, including tenant eligibility, income certifications, and reporting obligations.
•Collaboration: Work closely with property management teams to address operational issues, improve tenant satisfaction, and implement best practices.
•Reporting: Prepare and present comprehensive reports on property performance, compliance status, and financial metrics to senior management and stakeholders.
•Market Research: Stay informed about market trends, rental rates, and competitionto inform asset strategies and recommendations.
•Stakeholder Engagement: Maintain strong relationships with investors, developers, and regulatory agencies to ensure alignment on goals and expectations.
Qualifications
•Bachelor’s degree in finance, real estate, business administration, or a related field; Master’s degree preferred.
•3+ years of experience in asset management within the LIHTC or affordable housing sector.
•In-depth knowledge of LIHTC regulations and compliance requirements.
•Strong financial acumen with experience in budgeting, forecasting, and financial reporting.
•Excellent analytical, problem-solving, and organizational skills.
•Strong interpersonal and communication skills, with the ability to work collaboratively across teams.
•Proficiency in property management software and Microsoft Office Suite (Excel, Word, PowerPoint).
Application Process
Interested candidates should submit their resume and a cover letter outlining their relevant experience to sberry@financefund.org.
Finance Fund is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
