Director of Asset Management

Position: Director of Asset Management (52468)
Location: New York

Director of Asset Management (52468)# Director of Asset Management  WYCKOFF AVENUE - BROOKLYN, NY 11237## Overview Salary Range$ - $ Salary Position Type Full Time Education Level Bachelor Category Nonprofit  - Social Services## Description ESSENTIAL DUTIES AND RESPONSIBILITIES The Director of Asset Management provides strategic leadership and oversight for the financial, operational, and physical health of Rise Boro’s real estate holdings.

This is a high-level leadership role responsible for maximizing the portfolio’s value, ensuring long-term sustainability, and aligning asset performance with Rise Boro’s mission. The Director leads cross-functional initiatives across Fiscal, Development, and Sustainability teams to drive high-level recapitalization strategies and portfolio-wide efficiencies.

Strategic Portfolio Leadership
* Formulate and execute the long-term strategic vision for the portfolio, including hold/sel//refinance analyses and mission-alignment reviews.
* Design and implement standardized asset management protocols, sophisticated reporting models, and data-driven systems to institutionalize accountability.
* Lead quarterly executive asset reviews and present portfolio performance, risks, and opportunities to Senior Leadership and the Board of Directors.

Financial Engineering and Capital Markets
* Lead the strategy for asset recapitalization and refinancing (e.g., RAD, HPD PLP, Tax Credit Re-syndication, FHA/Fannie/Freddie).
* Direct the assessments of reserve adequacy and prioritize capital deployment across the portfolio to ensure long-term viability.
* Manage complex cash flow projections, inter-company loan structures, and deferred developer fee recovery strategies at a portfolio level.

Cross-Functional & External Management
* Act as the primary high-level liaison for lenders, tax credit syndicators, and regulatory agencies (HUD, HPD, HDC).
* Partner with the Development team to oversee the transition of projects from construction to stabilized operations, including YR 15 LIHTC exit strategies.
* Drive the financial structuring of green initiatives (RB Solar, retrofits) in partnership with the Sustainability team to enhance ROI and ESG impact.

Operational Excellence
* Establish portfolio-wide KPIs and margin targets; hold Property Management accountable for NOI growth and corrective action plans.
* Collaborate with Legal and Risk Management to set insurance standards and mitigation strategies across all assets.
* Oversee the long-term capital improvement plan (CIP) and ensure major systems replacements and value-add initiatives meet ROI and quality benchmarks.

COMPETENCIES:

* 8-10+ yrs of progressive experience in real estate asset management or development, with at least 3-5 years in a leadership/senior management capacity.
* Expertise of LIHTC (9% and 4%), HUD programs, and complex multi-family finance structures.
* Proven ability to influence cross-functional teams and manage high-level external partnerships.
* Expert-level financial modeling and analytical skills; advanced proficiency in Yardi ad business intelligence (BI) tools.
* A deed passion for affordable housing and a track record of implementing innovative sustainability or operational solutions.

EDUCATION EXPERIENCE Bachelor’s Degree required (MBA, MRED, or related field) or equivalent executive-level experience.## Qualifications## Equal Employment Opportunity (EEO)/Affirmative Action Policy Statement It is the policy of Rise Boro to provide equal employment opportunity to all employees and applicants for employment. No individual will be discriminated against on the basis of race, color, age, creed, religion, national origin, citizenship status, political or union affiliation, marital or partnership status, sex, sexual orientation or affectional preference, gender identity, familial status, genetic information or predisposition or characteristic, disability, status as a victim of domestic violence, status as a veteran or member of the U.S. military and related obligations, or any other characteristic protected by law.

This policy applies to all terms and conditions of employment, including but not limited to, recruitment, hiring, job placement, compensation, benefits, training and apprenticeship, employee development, promotion, demotion, discipline, transfer, lay-off and recall, and termination. Rise Boro makes reasonable accommodations based on religion and/or disability as required by law, and requests for accommodation are to be directed to the Human Resources Department.
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