Asset Manager / Senior Asset Manager

Location: Northern California | Remote with periodic travel to Chico and portfolio sites
Compensation: $75,000–$105,000, with flexibility above the range for a Senior Asset Manager or exceptional candidate

Position Summary

Reneris is partnering with a mission-driven affordable housing organization to recruit an experienced Asset Manager to help oversee the financial and operational performance of a Northern California housing portfolio.

This role will work closely with senior leadership, Property Management, Development and Finance to monitor portfolio performance, identify risks and opportunities, support long-term capital and preservation strategies, and strengthen the financial health of individual properties.

The ideal candidate will bring strong affordable housing experience, sound financial judgment and the ability to independently evaluate issues, recommend solutions and keep work moving forward. The organization is open to considering a more senior-level candidate with broader portfolio and strategic experience.

Key Responsibilities

• Monitor financial and operational performance across the affordable housing portfolio.

• Review budgets, financial statements, audits, KPIs and development pro formas to identify performance issues and opportunities.

• Evaluate refinancing, partnership buyout, syndication and re-syndication opportunities.

• Monitor LIHTC partnership performance, equity accounts, debt, capital needs and long-term ownership considerations.

• Review partnership agreements, financing documents and regulatory agreements.

• Partner with Property Management to address adverse performance trends and develop corrective management plans.

• Support long-range capital planning and preservation strategies for aging assets.

• Maintain effective relationships with lenders, investors, regulatory agencies and other external partners.

• Coordinate development-to-operations transitions and related financial, regulatory and partnership requirements.

• Work collaboratively across Property Management, Development and Finance.

Qualifications

Required

• 3+ years of affordable housing experience in a mission-driven, regulated environment.

• Strong financial and KPI analysis skills, including the ability to independently identify issues and recommend corrective strategies.

• Experience with layered affordable housing financing and programs, including LIHTC and exposure to HCD, HUD and/or USDA.

• Demonstrated capital planning experience.

• Successful direct lender and investor relationship management.

• Development-to-operations transition experience; participation in multiple transitions is strongly valued.

• Strong cross-functional communication and collaboration skills.

• Demonstrated ownership and follow-through in evaluating issues, developing recommendations and advancing work.

• Residence in Northern California with the ability to travel periodically across the portfolio.

• Ability to work independently and effectively in a remote environment.

Preferred

• Direct recapitalization or restructuring experience involving aging or challenged affordable housing assets.

• Refinancing evaluation and transaction experience.

• Experience mentoring or developing junior staff; formal management experience is a plus.

• Senior Asset Manager-level portfolio ownership and strategic responsibility.