Job Description

💼 Associate Vice President of Asset Management

📍 Chicago, IL

💰 $90,000–$110,000 / year

OVERVIEW

An established affordable housing owner and operator is hiring an Associate Vice President of Asset Management to help oversee an established portfolio of over 1,200+ units. You'll report directly to the VP of Asset Management and be closely involved in how the portfolio performs, financially and operationally.

This is a role for someone who's comfortable being both the numbers person and the relationship person: watching the financials closely, while also representing ownership in negotiations, tax appeals, and building court when it comes to that.

💼 WHAT YOU'LL DO

• Monitor the financial performance of a 1,200+ unit affordable housing and tax credit portfolio, tracking budgets, cash flow, and reserves across properties
• Prepare and submit real estate owned (REO) schedule reporting on a regular basis
• Own regulatory compliance across the portfolio's affordable and tax credit requirements
• Negotiate commercial leases for the portfolio's commercial space
• Manage real estate tax appeals and abatement filings
• Represent ownership in building court proceedings when needed
• Lead capital improvement planning across the portfolio, prioritizing projects and tracking budgets
• Partner closely with on-site property management teams, using OneSite to keep reporting accurate
• Report directly to the VP of Asset Management and help shape how the portfolio performs going forward

🌟 WHY YOU MATTER

This portfolio runs on good data and good judgment, and that's exactly what this role provides: someone ownership can trust to watch the numbers, catch problems early, and represent the company's interests wherever that's needed, from a lease negotiation to a courtroom.

🎯 WHAT IT TAKES

• 5+ years of related experience in affordable housing asset management and/or property management
• Solid understanding of LIHTC, HUD, Section 8, and other affordable housing compliance requirements
• Hands-on experience with OneSite or similar property management software
• Comfort reviewing financials, budgets, and reserve schedules with a critical eye
• Experience negotiating commercial leases and handling real estate tax appeals or abatements
• Strong written and verbal communication skills; you'll be representing ownership internally and externally
• The ability to manage several capital projects and competing priorities across a large portfolio at once
• An architecture background is a plus, though not required

🏆 THE PERKS!

• Medical, Dental (HMO/PPO) and vision coverage
• 401(k) with company match
• Short-term and long-term disability coverage
• Paid time off and paid holidays