Asset Manager – Housing Stability (Affordable Housing)

Organization Summary:

Housing Partnership Development Company (a/k/a New York City Housing Partnership) is a 501(c)(3) nonprofit organization and was founded in 1983 by Mayor Edward Koch and David Rockefeller to promote neighborhood stability and economic development in New York City via affordable housing creation and preservation. As such, the Housing Partnership works very closely with the City and State to align on housing policy and housing production strategies. The Housing Partnership is now searching for an Asset Manager to join the asset management team as we partner with government to promote housing stability in New York through targeted asset management of affordable properties.

Position Summary:

The Asset Manager is a hands-on owner of assigned engagements within the asset management platform and the founding hire of the asset management team. The individual both produces and directs the analytical work on their engagements — financial reporting, KPI dashboards, regulatory submissions, and capital needs tracking — while serving as a day-to-day point of contact for ownership, property management, and agency staff. Working under the direction of the Chief Asset Management Officer, the Asset Manager drives stabilization plans from diagnosis through resolution and contributes to the platform’s broader portfolio data infrastructure. This is a builder’s role: the right candidate is experienced enough to run an engagement with limited supervision and hungry enough to build their own models, dashboards, and files.

Key Responsibilities:

• Own the recurring reporting cycle for assigned engagements: prepare and review monthly and quarterly financial reporting packages; reconcile reporting to source documents; flag variances, trends, and risks in writing.

• Build and maintain KPI dashboards covering occupancy, collections, expense ratios, debt service coverage, arrears aging, NOI variance to budget, and capital reserve adequacy.

• Conduct regular site visits and property tours to assess physical conditions, management effectiveness, and resident-facing issues.

• Prepare regulatory reporting submissions to HPD, HDC, HCR, HUD, and other agencies; serve as a working-level liaison with agency staff on agreement obligations and compliance.

• Develop asset stabilization plans in coordination with the Chief Asset Management Officer, including operating budget adjustments, expense controls, capital improvement scoping, and compliance correction.

• Build operating models and stabilization scenarios; pressure-test property manager budgets and submissions against rent rolls, lease-up assumptions, and physical conditions.

• Maintain Local Law calendars and compliance trackers; surface and escalate compliance risks before they become defaults.

• Update capital needs projections as physical condition assessments, engineering reports, and ownership submissions are received.

• Track management agreement performance against contracted scope and benchmarks.

• Run rent roll, lease, and operating statement analysis on prospective engagements and new properties entering the portfolio.

• Pull comparable property data and market context from public sources (PLUTO, ACRIS, HPD Open Data, DOF, DOB) to support advisory and workout deliverables.

• Coordinate third-party vendors and professionals (engineering, environmental, legal, accounting) against scope, schedule, and budget as needed.

• Maintain portfolio data tables (regulatory agreement terms, BBL and HDFC identifiers, fee schedules, payment status) and engagement files to a discoverable standard.

• Contribute to platform standards, templates, and dashboards; prepare materials for client, agency, and stakeholder meetings.

• Work on special projects, as required.

Qualifications:

• Bachelor’s degree in Finance, Accounting, Real Estate, Urban Planning, or a related field; Master’s degree a plus.

• Four to seven years of experience in real estate asset management, affordable housing, real estate finance, banking, consulting, or a public housing agency; at least two years working with affordable or regulated properties strongly preferred.

• Working knowledge of affordable housing finance and regulatory structures (LIHTC, HUD programs, NYC and NYS housing programs, HDFCs); exposure to troubled or underperforming assets a plus.

• Demonstrated proficiency in financial modeling, operating budget review, rent roll analysis, and capital needs review. Advanced Excel skills required; familiarity with SQL, Python, or business intelligence tools (Power BI, Tableau) is a significant plus.

• Familiarity with NYC public real estate data sources (PLUTO, ACRIS, HPD, DOF, DOB) strongly preferred.

• Comfortable in the field; site visits and property manager walkthroughs are core to the job.

• Hands-on by disposition: builds own models, dashboards, and reporting packages rather than delegating them.

• Excellent analytical, organizational, and written communication skills; able to hold counterparties accountable while preserving relationships.

• Detail-oriented and deadline-driven; able to manage multiple priorities across engagements.

Salary commensurate with experience, plus eligibility for an annual performance bonus of up to 10% of base salary. The Housing Partnership also offers a comprehensive benefits package including health insurance, retirement plan, paid time off, and professional development opportunities.