Senior Asset Manager

San Francisco Office, 1390 Market Street, San Francisco, CA 94102, USA

Abode
, one of the largest and effective nonprofits working to end homelessness in the Bay Area, is seeking a Senior Asset Manager for our programs in Alameda County.

About The Role: The Senior Asset Manager is responsible for the development and implementation of strategies to preserve and enhance the value and condition of affordable real estate rental housing properties, and to ensure local, state, and federal agency regulations and asset performance goals are met or exceeded. The successful candidate will communicate proactively with internal partners, including executive leadership, internal team leaders, property managers, accounting, resident services, and development team members.

The role requires a background in affordable housing property management, certifications, or equivalent experience to recommend strategies to preserve and manage affordable rental housing properties. Responsibilities include coordinating with internal partners on budgeting & financial reporting; operations oversight; acquisitions & new construction support; capital improvements & reserve draw administration; relationship management; year 15 buyout planning; and operating policies, procedures, and staff training.

As part of the Asset Management team, the Senior Asset Manager will be a leader committed to excellence and growth, supporting Abode’s mission to end homelessness.

The People and Culture
:
You will be surrounded by talented, supportive, smart, and kind leaders and teams. Abode Services recognizes employees’ efforts, seeks input, and cares for employees as people with lives outside of work. We believe that better decisions and services result when our workforce reflects the diversity of the communities we serve. People of color constitute nearly 70% of our workforce, and we strive to recruit and retain employees from all backgrounds.

• $105,000–$123,000 annually (hybrid role)
• 100% paid health, vision, and dental options
• 19 PTO days & 12 holidays per year
• Voluntary benefits: FSA, EAP, commuter checks, life insurance, legal, and more
• 3% retirement match/contribution
• Professional development trainings and opportunities, Leadership Academy programs, and all staff events
• Dynamic, mission‑driven culture and supportive leadership

• Develop an Asset Management Business Plan and review changes periodically. Set up asset management systems, compliance charts, document binders, and financial oversight systems for portfolio oversight.
• Budgeting:
  Benchmark property operating including net operating income, gross revenue, operating expenses, investment projections, return on investment, cash flow, and distribution analysis.
• Forecasting & Benchmarking:
  Evaluate market trends, forecast cash flow, and benchmark these trends against the portfolio.
• Variance Analysis:
  Oversee collaborative efforts with Accounting and Property Management to analyze variances in operating performance against industry benchmarks. Develop and present solutions to structural deficits and disposition of annual surplus/deficits.
• Reporting:
  Review and oversee periodic investor reporting, distributions, and monitoring of cash and reserve utilization.
• Document Management:
  Organize and file ownership, loan, and regulatory agreement amendments and periodic reporting sent to investors and other agencies in a timely manner.

• Program Compliance:
  Ensure continuing compliance with LIHTC and other regulatory guidelines. Resolve deficiencies directly with appropriate parties.
• Portfolio Performance:
  Review internal and external Property Management performance, assign risk ratings, and prepare watch‑list report narratives. Identify and analyze under‑performing assets and prepare proactive operational work‑out strategies in collaboration with Property Management.
• Site Inspections:
  Complete property physical inspections to monitor physical condition, management execution, property capital needs, and physical risk management.