Job Opening: Asset Manager (Residential)

Position: Asset Manager – Residential (Permanent)

Location: Honolulu

Industry: Non-Profit

Salary: $75,000 – $80,000 annually 

The Asset Manager plays a key role in overseeing the financial, physical, and operational performance of a diverse portfolio of housing properties. This position works closely with senior leadership and property management partners to ensure long-term asset viability, regulatory compliance, and strong operating performance.

The ideal candidate is a strategic thinker with strong financial acumen, real estate experience, and the ability to manage multiple projects independently while collaborating with a wide range of stakeholders.

Responsibilities:

Asset & Portfolio Management

• Oversee the long-term financial and physical health of a multi-property housing portfolio.
• Monitor property performance to maximize operating efficiency, net operating income, and asset value.
• Conduct regular property inspections and oversee complex or high-risk assets.
• Develop and implement asset management strategies, benchmarks, and performance indicators.

Financial Oversight

• Review monthly, quarterly, and annual financial statements and operating reports.
• Analyze budget variances, cash flow, reserves, and capital needs.
• Review and recommend operating budgets, maintenance plans, and rent adjustments.
• Support capital improvement planning and monitor projects for budget and timeline adherence.

Compliance & Risk Management

• Ensure compliance with partnership agreements and regulatory requirements.
• Review annual financial and compliance audits.
• Monitor occupancy requirements, tenant eligibility, and recertification processes.
• Assist with insurance claims, risk assessments, and mitigation planning.

Property Management Oversight

• Supervise and evaluate third-party property management companies.
• Review property management performance and recommend improvements.
• Negotiate contracts affecting the housing portfolio.

Reporting & Collaboration

• Prepare and present reports to senior leadership and governing boards.
• Collaborate with internal teams, investors, auditors, consultants, and public stakeholders.
• Support strategic planning initiatives related to asset management.

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Education & Experience

• Bachelor’s degree in business, finance, real estate, or a related field preferred; or
• Equivalent combination of education and significant experience in real estate or property management.
• 5+ years of experience managing housing or multifamily real estate portfolios.
• Prior supervisory or management experience preferred.

Knowledge & Skills

• Strong understanding of affordable housing regulations, fair housing laws, and compliance requirements.
• Experience with tax-exempt bonds, government financing, and tax credit programs.
• Ability to read and analyze financial statements, audits, and budgets.
• Proficiency with property management software (e.g., Yardi) and Microsoft Office, especially Excel.
• Excellent analytical, organizational, communication, and project management skills.
• Ability to work independently, manage competing priorities, and solve complex problems.