Senior Asset Manager

King County Housing Authority (KCHA) is seeking a Senior Asset Manager to support the Asset Management department in Tukwila, WA. This role oversees a portfolio of tax credit and/or bond-financed affordable housing properties, ensuring financial performance, physical maintenance, and compliance with IRS, HUD, lender, and KCHA requirements.

Responsibilities include acting as owner's representative, monitoring third-party property management, reviewing financial statements, preparing reports and forecasts, managing cash flow and debt service, and ensuring regulatory compliance. The position also involves constructability reviews, daily reporting, and maintaining accurate records. Work is performed under the general supervision of the Senior Vice President of Asset Management.

King County Housing Authority (KCHA), an independent municipal organization, is a highly performing nationally recognized leader in affordable housing. To learn more about KCHA and our Mission visit this link.

Please note this position is open until filled; however, to ensure consideration applications should be received by August 31, 2026, at 4:30 p.m.

The Senior Asset Manager will:

• Oversee advanced financial monitoring and reporting division wide; review financials; provide directions to staff; prepare and assist with preparation of journal entries; manage cash flow reporting and distribution.
• Perform strategic planning related to cash flow, property improvements, acquisitions, partnership transactions and program initiatives for a variety of multi-family housing programs.
• Manage and direct program budgets; determine strategy for rent growth/increase policies based on market analysis and affordable rent balancing; create budget guidelines for all property related costs; perform short-term and long-term planning throughout budget process.
• Oversee the preparation of financial information; manage the review and critique of partnership audits and tax returns to ensure accuracy and timely submission to investor partners and the Internal Revenue Service (IRS); recommend and complete adjusting journal entries.
• Review and provide comments for documents related to acquisition of new properties and/or development of existing properties under the LIHTC program; coordinate between asset management, development, construction and property management staff for LIHTC certification and relocation of tenants; direct and assist in the preparation of financial documentation necessary for placing tax credit developments in service.
• Recruit and select divisional personnel; assign, direct, train, and inspect the work of staff; evaluate staff performance; develop staff schedules; recommend transfers, promotions, suspensions, terminations, and demotions.
• Provide oversight to property management companies to ensure financial performance, maintenance of safe and sanitary living conditions, and compliance with all legal and regulatory requirements; inspect properties regularly to maintain physical integrity and appearance; make recommendations and approve plans for needed property improvements; respond to and resolve escalated resident complaints as needed.
• Direct and review the preparation and submission of required compliance reporting to appropriate state and federal agencies.
• Ensure compliance requirements and debt service coverage ratios to lenders and trustees are met for taxable and tax-exempt bond financing.
• Explore funding opportunities, rebates or offers long-term cost savings; review physical versus fiscal position of all properties and determines how to leverage long-term impact and cost savings through large-scale projects or funding opportunities; determine special capital projects for longterm savings, using cost-benefit analysis and working with other departments; develop and monitor initiatives until concluded.
• Ensure legal issues are addressed and resolved to mitigate adverse action against the Authority; ensure preparation for adverse weather conditions at all properties and guidelines are followed after serious weather events; address life-safety issues at all properties in portfolio such as play equipment, trip hazards, etc.; ensure…