Career Opportunities

Asset Management

Stabilized Asset Manager

The Asset Manager (“AM”) position is an opportunity to work with an established, dynamic and rapidly growing real estate investment company that has provided affordable housing nationally since 1971.  The candidate may office remotely and not necessarily at the home office or one of WNC’s satellite offices. 

The AM oversees a portfolio of Low-Income Housing Tax Credit (LIHTC) multifamily properties as relationship manager and problem solver.  The AM reports to the Regional Team Leader and Vice President – Asset Management and works closely with other departments within the company.  The AM will be responsible for the cyclical reporting accountabilities and ongoing operational oversight of properties in both the stabilized team and structured assets (SAG).  In addition, the AM will perform financial analysis; schedule and execute site visits and work closely with respective general partners and property managers to ensure long-term viability of the LIHTC asset.  The AM will work to enhance WNC’s relations with local general partners and investors.  The AM will also be responsible for asset management concerns from initial stabilization through the life of the lower-tier partnership, to ensure the delivery of appropriate tax credit benefits.

Position Responsibilities:

  • Oversee a portfolio of approximately 65 LIHTC properties.
  • Oversee, analyze and report on financial performance; monitor budgets (comparing to actuals) and reviewing occupancy levels (rent rolls) as necessary, or in the case of concern or SAG/workout properties, on a monthly basis, according to specified benchmarks.
  • Monitor overall operational performance of regional portfolio, and communicate progress and issues on operational issues with SAG properties on an ongoing basis.
  • Evaluate property management performance as required.
  • Conduct all necessary annual site visits (including tracking those outsourced). Concern properties must be visited more regularly; stabilized properties are to be visited annually or as reflected in the partnership agreement.
  • Evaluate and monitor LIHTC compliance and other risk factors quarterly, or as needed.
  • Review partnership agreements, regulatory agreements, financing documents and other sources to determine enforceability of terms, financing structures and constraints, as needed.
  • Review year-end financial audits for respective LIHTC partnerships.
  • Analyze quarterly and annual property performance compared to budget and underwriting, and report quarterly to investors through Fund Management.
  • Ascertain and work to resolve issues through collaboration with general partners, property managers, lenders, and governmental/regulatory entities.
  • Collection of the partnership asset management fees (or Return-to-Owner obligation).
  • Monitor reserve balances and oversee requests for release of replacement and operating reserves.
  • Review and process investor capital calls and lower tier capital contributions.
  • Complete a monthly report for concern properties determined to be at risk. Identify issues such as under-funded reserves and significant variances in income and expense lines as compared to the approved budget.
  • Complete ad hoc assignments and/or projects required by the Asset Management Department.


  • Four to eight years of experience in real estate and/or multi-family housing as an asset manager with stabilized and/or special assets portfolio.  Experience in LIHTC recommended.
  • Candidate must have financial analysis skills.
  • Knowledge of multifamily real estate operations, including property management; marketing and leasing; budgeting; capital needs planning; financial reporting and compliance with financing covenants or regulatory agreements preferred.
  • Must have strong computer skills and thorough knowledge of Outlook, MS Word and Excel.
  • Must have excellent communication and organizational skills.
  • Must be proactive, and have the ability to multitask and work in a fast paced environment.
  • Maximize total return for each assigned asset through the analysis of property efficiencies and identifying opportunities for improved performance.
  • Work closely with third party property managers and leasing agents to provide direction for and oversight of business plans, budgets, forecasts, leases, analysis and approvals.
  • Negotiate third party contracts.
  • Manage cash flow, distribution analysis and investment projections.
  • Develop and distribute periodic asset management reports to investors, consultants and other partners.


Bachelor’s degree in real estate, finance, accounting, or related subject; or comparable experience as an asset manager.

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