Associate Director of Asset Management

Beacon Interfaith Housing Collaborative believes in the vision that all people have a home. We are a leading nonprofit supportive housing organization and a collaborative of individuals and congregations committed to advancing affordable, supportive housing as a foundation for safer communities, stronger families, and a healthier economy.

Together, we develop new apartment homes, invest in residents through supportive services, and champion policy solutions that expand access to safe, affordable housing across Minnesota. To date, Beacon has safely housed more than 1,500 individuals in the greater Twin Cities metro, with advocacy and policy work that impacts communities statewide. We believe quality, affordable homes belong in every community.

Beacon is seeking individuals who are deeply aligned with our mission, bring strong cultural competency, and are committed to ongoing learning and collaboration as we work to address bias and racial inequities in housing. To learn more about our strategies, programs, and values, including collaboration, risk‑taking, racial equity, and inclusive decision‑making.

Beacon Interfaith Housing Collaborative seeks an Associate Director of Asset Management. This position has oversight responsibility for Beacon’s affordable housing portfolio and assists in developing strategies and plans to help lead the Asset Management Department within Beacon’s Supportive Housing Division. The Associate Director partners with the Director of Asset Management to ensure Beacon’s portfolio is managed as a network of mission‑driven business units and supports the relationship with third‑party property management, security services, vendors, lenders, limited partners, and community stakeholders.

The Associate Director partners with the contracted service providers and internal organizational management team to ensure alignment and support. The Associate Director has one direct report, the Associate Asset Manager.

This is a full‑time, exempt position, and is eligible for health benefits, our retirement plan, and paid time off. The annual salary range for this position is $90,000 – $115,000.

Asset Management Strategy and Integrated Performance Metrics

• Develop, establish, and oversee an internal systematic knowledge of property operations, capital needs and financial performance to recommend strategy and decisions, including asset workbooks, calendars, and annual plan reviews.
• Review monthly asset performance, update cash flow assessments and draft KPI executive summaries.
• Update consolidated cash flow, REO, and KPI summary for review with Beacon Finance and the FORE committee and quarterly reporting to Beacon’s board of directors.
• Recommend and facilitate initiatives for underperforming assets and operating best practices – occupancy, delinquency, policies, etc.
• Work with the Director and asset management team to establish whole project Asset Plans for each property, ensuring priorities consistent with Beacon mission and development proforma expectations.
• Support LIHTC year 15 determinations or disposition planning.

Property Financial Performance and Cash Flow

• Oversee the annual property budget process, including annual rent increases, and recommend for division, finance, CEO and LLC approval.
• Oversee and track internal and property management compliance reporting.
• Oversee and track insurance claims, planned capital expenditures, and property tax transactions and recommend for divisional approval.
• Oversee and track security costs and KPIs to each property’s security plan and recommend for divisional approval.
• Oversee and track commercial tenant leases, tax updates, expense reconciliation, property maintenance, and lease renewals and recommend for divisional approval.
• Oversee and track the transactions of Beacon provided support, asset management fees, and reserve transactions and recommend for divisional approval.
• Recommend year‑end property waterfall distributions for divisional and limited partner approvals.
• Apply for asset‑related grants and ensure funding allocation and compliance.
• Support shared financial accountability between Beacon Finance, Asset Management…