Evergreen Real Estate Services seeks a strategic Director of Asset Management to lead and build a best-in-class asset management function for a growing national affordable housing portfolio.
Requirements
- Develop, maintain, and communicate asset-level business plans aligned with financial and operational goals
- Monitor performance across occupancy, collections, expenses, reserves, capital needs, and compliance
- Provide ownership-level insight and recommendations on portfolio strategy and asset performance
- Lead portfolio reporting and present risks, opportunities, and action plans to senior leadership
- Review monthly financials, variances, and reforecasts; identify trends and recommend solutions
- Establish reporting processes that support decision-making without overburdening operations
- Review and analyze property operating budgets, reserve levels, and capital needs to evaluate financial performance and support ownership-level asset strategy
- Lead and execute financial strategy for refinancing, recapitalizations, Year 15 transitions, and dispositions
- Track and oversee property tax incentives across the portfolio
- Evaluate and recommend AI options to improve information assessment and reduce time requirements for asset management tasks
- Support due diligence activities for acquisitions, transitions, and integrations by reviewing operational, financial, compliance, and physical asset information and identifying potential risks or performance concerns
- Partner with property management, accounting, compliance, and operations teams to support implementation of operating plans, financial goals, and performance expectations for newly onboarded assets
- Address stabilization challenges through coordinated, actionable solutions
- Partner closely with the Compliance team to monitor regulatory performance, identify compliance-related risks, and support resolution planning for LIHTC, HUD, and other affordable housing programs
- Partner with internal teams to strengthen tracking of reporting deadlines and requirements
- Monitor compliance risks and ensure appropriate escalation and resolution
- Evaluate capital needs and priorities with operations and facilities teams
- Support financial and operational strategy related to refinancing, recapitalizations, Year 15 transitions, and dispositions in partnership with preservation, development, and executive leadership teams
- Review reserve usage, capital projects, and long-term asset preservation strategies
- Conduct periodic and strategic site visits as needed to assess overall asset condition, operational challenges, and performance trends
- Establish and manage a watchlist for underperforming or high-risk assets
- Develop and guide turnaround strategies for operational or financial challenges
- Evaluate effectiveness of property management (including third-party managers)
- Recommend management changes when necessary
- Serve as a primary contact for investors, lenders, and financial partners post-stabilization
- Develop clear ownership narratives for performance issues and strategic decisions
- Present recommendations to internal and external stakeholders
- Build scalable systems, reporting tools, and processes for asset management
- Partner with IT and internal teams to improve data and reporting capabilities
- Help define future staffing needs and support department growth
- Support organizational alignment by reinforcing structured goal-setting, accountability, and performance tracking frameworks (e.g., EOS or similar systems)
Benefits
- Generous Paid Time Off
- 401k Matching
- Retirement Plan
