Director, Asset Management – Multifamily Loans, Affordable Housing

This is a fully remote position, open to applicants in Kansas, +2 more states.

📋 Description

• Lead the asset management strategy for multifamily, affordable housing, and LIHTC portfolios.

• Identify, track, and mitigate risks within the portfolio.

• Oversee performing assets and escalate any emerging risks as necessary.

• Act as the primary liaison for investors, borrowers, and internal stakeholders.

• Present portfolio performance, emerging risks, and recommendations to Senior Leadership through professionally prepared materials and presentations.

• Guide, develop, and mentor Managers and Asset Managers.

• Promote accountability, proactive risk management, and collaboration across functions.

• Establish and improve asset management policies, procedures, and control frameworks.

• Enhance systems, reporting, dashboards, and data quality.

• Lead cross-functional initiatives and process enhancements.

• Set and maintain credit governance standards and approval processes for high-risk assets and complex transactions.

• Oversee portfolio surveillance, management of the Watchlist, and alignment of risk ratings with Credit, Legal, Servicing, and Finance.

• Improve risk reporting, early-warning indicators, escalation protocols, and transitions between performing and risk portfolios.

• Collaborate with borrowers, guarantors, government entities, developers, owners, property managers, and Agency partners such as Fannie Mae, Freddie Mac, and FHA.

⛳️ Requirements

• Bachelor's degree is required; an advanced degree is preferred.

• Over 10 years of experience in multifamily real estate asset management, with a strong emphasis on 7+ years of relevant experience also considered.

• Extensive knowledge of credit, property operations, Agency and banking product types, affordable housing, and LIHTC portfolios.

• Ability to convey complex credit and risk issues to Senior Leadership and prepare executive-level documents.

• Experience in leading and developing asset management teams.

• Strong analytical, financial, and decision-making skills.

• Comprehensive understanding of loan documentation, servicing agreements, and post-closing asset management practices.

• In-depth knowledge of multifamily housing operations, ownership structures, and regulatory frameworks for affordable housing.

• Capacity to handle multiple priorities in a fast-paced, deadline-oriented environment.

• Excellent communication, presentation, analytical, and problem-solving abilities.

• Strong attention to detail and commitment to data integrity.

• Ability to collaborate effectively with both internal and external stakeholders.

• Willingness to travel as required.

• Applicants must be authorized to work in the United States.

• Employment sponsorship is not available.

🏝️ Benefits

• Competitive salary.

• 401(k) retirement plans with employer matching contributions.

• Medical, dental, and vision coverage for employees and their dependents.

• Commuter benefits.

• Paid time off for vacation, personal days, sick leave, holidays, jury duty, bereavement, parental leave, and disability.

• Tuition assistance program.

• Two "work from anywhere" weeks per year.

• Summer Fridays.

• Collaborative workspaces.

• Service days to support our communities.

• Employee development and engagement activities.

• Eligibility for bonuses.