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About the Role
The Director of Asset Management provides strategic leadership and oversight for the financial, operational, and physical health of RiseBoro’s real estate holdings. This is a high-level leadership role responsible for maximizing the portfolio’s value, ensuring long-term sustainability, and aligning asset performance with RiseBoro’s mission.
Responsibilities
- Formulate and execute the long-term strategic vision for the portfolio, including hold/sell/refinance analyses and mission-alignment reviews.
- Design and implement standardized asset management protocols, sophisticated reporting models, and data-driven systems to institutionalize accountability.
- Lead quarterly executive asset reviews and present portfolio performance, risks, and opportunities to Senior Leadership and the Board of Directors.
- Lead the strategy for asset recapitalization and refinancing (e.g., RAD, HPD PLP, Tax Credit Re-syndication, FHA/Fannie/Freddie).
- Direct the assessments of reserve adequacy and prioritize capital deployment across the portfolio to ensure long-term viability.
- Manage complex cash flow projections, inter-company loan structures, and deferred developer fee recovery strategies at a portfolio level.
- Act as the primary high-level liaison for lenders, tax credit syndicators, and regulatory agencies (HUD, HPD, HDC).
- Partner with the Development team to oversee the transition of projects from construction to stabilized operations, including YR 15 LIHTC exit strategies.
- Drive the financial structuring of green initiatives (RB Solar, retrofits) in partnership with the Sustainability team to enhance ROI and ESG impact.
- Establish portfolio-wide KPIs and margin targets; hold Property Management accountable for NOI growth and corrective action plans.
- Collaborate with Legal and Risk Management to set insurance standards and mitigation strategies across all assets.
- Oversee the long-term capital improvement plan (CIP) and ensure major systems replacements and value-add initiatives meet ROI and quality benchmarks.
Requirements
- 8-10+ years of progressive experience in real estate asset management or development.
- At least 3-5 years in a leadership/senior management capacity.
- Expertise of LIHTC (9% and 4%), HUD programs, and complex multi-family finance structures.
- Proven ability to influence cross-functional teams and manage high-level external partnerships.
- Expert-level financial modeling and analytical skills.
- Advanced proficiency in Yardi and business intelligence (BI) tools.
- A deep passion for affordable housing.
- A track record of implementing innovative sustainability or operational solutions.
Skills
- Real estate asset management
- Real estate development
- Financial modeling
- Analytical skills
- Yardi
- Business intelligence (BI) tools
- LIHTC (9% and 4%)
- HUD programs
- Multi-family finance structures
- Strategic leadership
- Portfolio management
- Capital markets
- Sustainability initiatives
- Operational excellence
Location
- 217 WYCKOFF AVENUE - BROOKLYN, NY
Work Type
- Full Time
Experience Level
- 8-10+ years of progressive experience in real estate asset management or development
- 3-5 years in a leadership/senior management capacity
Education Level
- Bachelor's Degree required
- MBA, MRED, or related field or equivalent executive-level experience
Salary/Compensations
- $200000.00 - $240000.00
About the Company
- RiseBoro is a nonprofit organization focused on social services.
Equal Opportunity
- It is the policy of RiseBoro to provide equal employment opportunity to all employees and applicants for employment. No individual will be discriminated against on the basis of race, color, age, creed, religion, national origin, citizenship status, political or union affiliation, marital or partnership status, sex, sexual orientation or affectional preference, gender identity, familial status, genetic information or predisposition or characteristic, disability, status as a victim of domestic violence, status as a veteran or member of the U.S. military and related obligations, or any other characteristic protected by law. This policy applies to all terms and conditions of employment, including but not limited to, recruitment, hiring, job placement, compensation, benefits, training and apprenticeship, employee development, promotion, demotion, discipline, transfer, lay-off and recall, and termination. RiseBoro makes reasonable accommodations based on religion and/or disability as required by law, and requests for accommodation are to be directed to the Human Resources Department.