VP of Asset Management

VP of Asset Management -New York, New York - Hybrid

Are you the right candidate for this opportunity Make sure to read the full description below.
The RoleEqual Access is partnering with a well-established affordable housing organization that owns and operates a substantial portfolio of affordable housing across Brooklyn. This role sits at the top of the asset management function and plays a key leadership role in overseeing portfolio performance and long-term strategy.
The VP of Asset Management is responsible for the financial, operational, and physical health of that entire portfolio, from long-term capital strategy to day-to-day accountability with property management. This is a senior leadership position with real authority and real visibility, including regular reporting to the Board.
This is not a transactional asset management role. The portfolio is not being assembled; it is being actively managed, recapitalized, and optimized for long-term mission sustainability. The person stepping into this seat needs to understand both the mechanics of affordable housing finance and the organizational complexity of a nonprofit operating at scale.
The company is looking for someone who brings genuine expertise in LIHTC structures, HUD and HPD programs, and complex multi-family finance, and who can also lead people, influence cross-functional teams, and represent the organization credibly with regulators, lenders, and syndicators.
What This Role Is, and Is NotThis role is:A portfolio-level leadership position with strategic, financial, and operational scopeThe primary internal authority on recapitalization, refinancing, and capital deployment decisionsA cross-functional role that works closely with Fiscal, Development, Legal, and Sustainability teamsThe senior point of contact for external partners including HUD, HPD, HDC, lenders, and tax credit syndicatorsA high-accountability seat with direct Board exposureThis role is NOT:A deal origination or acquisitions roleA property management role or an oversight of day-to-day building operationsAn entry point into affordable housing financeA back-office financial reporting function
Required Experience & Traits8 to 10+ years of progressive experience in real estate asset management or development, with at least 3 to 5 years in a senior or leadership capacityDeep working knowledge of LIHTC (9% and 4%), HUD programs, and complex multi-family financing structures including RAD, HPD PLP, Tax Credit Re-syndication, and FHA/Fannie/Freddie productsProven experience managing portfolio-level financial modeling, cash flow projections, inter-company loan structures, and deferred developer fee strategiesFamiliarity with Year 15 LIHTC exit strategies and construction-to-stabilization transitionsExpert-level proficiency in Yardi and business intelligence toolsDemonstrated ability to hold external partners and internal teams accountable without losing the relationshipsA genuine commitment to affordable housing as a mission, not just an asset classBachelor's degree required; MBA, MRED, or equivalent executive-level experience strongly preferred
Key ResponsibilitiesStrategic Portfolio LeadershipFormulate and execute the long-term vision for the portfolio, including hold/sell/refinance analyses and mission-alignment reviewsDesign and implement standardized asset management protocols, reporting models, and data-driven systems that institutionalize accountability across the portfolioLead quarterly executive asset reviews and present portfolio performance, risks, and opportunities to senior leadership and the Board of DirectorsFinancial Engineering & Capital MarketsLead strategy for asset recapitalization and refinancing across a range of program types and capital structuresDirect reserve adequacy assessments and prioritize capital deployment across the portfolio to protect long-term viabilityManage complex cash flow projections and portfolio-level financial structuring, including inter-company loan structures and deferred developer fee recoveryCross-Functional & External PartnershipServe as the primary senior liaison for lenders, tax credit syndicators, and regulatory agencies including HUD, HPD, and HDCPartner with the Development team to manage construction-to-stabilization transitions and Year 15 LIHTC exit strategiesCollaborate with the Sustainability team on the financial structuring of green initiatives, including solar and energy retrofits, to improve ROI and ESG outcomesOperational Excellence & AccountabilityEstablish portfolio-wide KPIs and margin targets, and hold property management accountable for NOI growth and corrective action plansOversee the long-term capital improvement plan, ensuring major systems replacements and value-add initiatives meet ROI and quality benchmarksCollaborate with Legal and Risk Management to set insurance standards and mitigation strategies across all assetsCompensationBase salary: $230,000 to $250,000, depending on experienceFull-time, salaried position
Why EqualAccessEqualAccess partners with best-in-class organizations and supports candidates beyond placement. xzbcwsv Every candidate we place receives 3 months of post-hire coaching and career support, ensuring long-term success and growth.