Real Estate Asset Manager

SUMMARY

The Asset Manager position functions as part of both the asset and finance management team and will work directly with third‑party management representatives who oversee Bear Real Estate Group’s owned assets. The Asset Manager will monitor, evaluate, and support portfolio key performance tracking, acting as a liaison, sharing pertinent information with ownership, and ensuring third‑party performance meets expectations and financial metrics.

Communication with lenders, investors, the U.S. Department of Housing and Urban Development (“HUD”), contract administrators and owners will be required. Experience with LIHTC, HUD, Section 42, PBV, RAD, Section 8 and other relevant housing programs or state agencies as required is essential. Expertise in compliance policies is required with the ability to regulate or enforce compliance as needed. The Asset Manager is accountable for identifying risks, tracking inspections and audits, and ensuring assets perform to investment and regulatory standards.

• Serve as Owner’s representative for all multifamily properties managed by third‑party property management companies, including properties with HUD involvement (Section 8 housing assistance payment contracts such as RAD, PBRA, RAB PBV, and project‑based Section 8) and state housing agency oversight through LIHTC.
• Monitor outcomes of HUD and LIHTC reviews (e.g., MORs, NSPIRE inspections, and HUD/CA audits); ensure corrective actions are completed by management agents.
• Track and monitor all Section 8 HAP contracts for annual renewals to ensure timely action.
• Oversee annual rent adjustment processes for Section 8 HAP contracts, ensuring property management companies follow HUD protocols for rent increases, utility analyses, and utility allowance implementation.
• Analyze operating performance versus approved operating budgets to identify risks or variances and escalating concerns.
• Collaborate with ownership and investors on HUD and LIHTC compliance and performance updates.
• Oversee replacement reserve funding, replacement planning, and capital expenditure needs across sites.
• Develop performance benchmarks and hold management companies accountable through scorecards, KPIs, and contract reviews.
• Provide recommendations to ownership regarding property management company contract renewals, corrective actions, and performance issues.
• Evaluate key performance indicators (KPIs), including occupancy, rent growth, expense control, and delinquency.
• Benchmark performance against internal portfolios and industry standards.

• Ability to work collaboratively and independently on multiple projects.
• Excellent interpersonal, written, and oral communication skills.
• Ability to solve practical and complex problems by utilizing internal and external resources.
• Advanced skills in Microsoft Excel and Real Page Asset Investment Management, Power Business Intelligence, or Revenue Management is a plus.
• Bachelor’s degree in business, finance, real estate, or related field.
• 5+ years of experience in multifamily housing, with specific experience in LIHTC and HUD multifamily housing asset management.
• Knowledge of HUD 4350.3, RAD PBRA/PBV, Section 8 programs, MORs, NSPIRE inspections, and HUD contract management (HAP/CHAP, rent adjustments, OCAF).
• Experience overseeing or working with third‑party management companies.
• Strong financial analysis, reporting, and communication skills.
• COS, HCCP, CPM, BOMS or similar industry certifications preferred.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Bear Real Estate Group is proud to be an Equal Employment Opportunity and affirmative action employer. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.