Vice President Asset Management

Overview

Senior leader overseeing strategy, performance, and stewardship of affordable housing portfolio.

Key Responsibilities

• budget management
• performance reporting
• financial analysis
• portfolio oversight
• strategic initiatives
• investor relations

Tasks

The VP of Asset Management ensures that systems, processes, and best practices are implemented to maximize portfolio value, mitigate risk, and deliver consistent results in alignment with the organization’s strategic goals. This position reports to the President & CEO and provides regular performance analysis and updates to the Executive Team and Board of Directors. Supports Homeport’s mission of creating strong communities by developing quality, affordable homes on a cornerstone of dignity, security, and opportunity. The Vice President of Asset Management is a senior executive leader responsible for the overall strategy, performance, and long-term stewardship of Homeport’s affordable housing portfolio. This role provides vision and leadership to the Asset Management team, ensuring that all assets are managed to meet or exceed financial and operational performance targets while advancing Homeport’s mission of creating strong communities through quality, affordable housing. -Foster collaboration across departments to ensure integration between Asset Management, Real Estate Development, Property Management, and Resident Services. -Establish strategic priorities and performance metrics to ensure the portfolio meets or exceeds annual financial, operational, and mission-based goals. -Analyze monthly and annual operating results and recommend strategies to optimize cash flow, improve efficiency, and strengthen long-term asset value. -Lead the development and management of annual property budgets; monitor actual performance against budget targets and implement corrective actions as needed. -Drive a culture of accountability, innovation, and continuous improvement across the team. -Collaborate with the CFO, Real Estate Controller, and VP of Real Estate Development to provide accurate investor, lender, and audit reports. -Manage major strategic initiatives such as real estate tax appeals, insurance coverage analysis, Year 15 exits, property refinancings, dispositions, and lease option programs. -Partner with Resident Services, Housing Advisory, and Resource Development departments to align on-site programs with property needs and Homeport’s mission. -Identify and implement best practices that enhance operational and financial sustainability. -Oversee all aspects of portfolio performance including physical condition, financial results, compliance, and resident outcomes. -Partner with the Real Estate Development team to inform underwriting assumptions, long-term capital planning, and portfolio growth strategies. -Ensure all third-party and internal reporting is timely, accurate, and consistent with investor and regulatory requirements. -Lead, mentor, and develop a high-performing Asset Management team to achieve portfolio and organizational objectives. -Create and monitor the Asset Management Line of Business budget, including fee collection, cash flow projections, and waterfall distributions. -Lead the preparation and presentation of monthly portfolio performance reports for the Ad Hoc Asset Management Committee, Property Committee, and Board of Directors. -Maintain strong relationships with investors, lenders, property management partners, and other key stakeholders to advance organizational priorities.

Requirements

• cham
• financial modeling
• accounting
• real estate
• 10 years
• leadership

What You Bring

Occasional evening work, travel, and accessibility by cell phone required. Must have reliable transportation and a valid Ohio driver’s license with an acceptable driving record. Reasonable accommodations will be made for individuals with disabilities. Personal computer and standard office equipment used daily. -Proven leadership, team-building, and people development skills. -Excellent communication skills with ability to engage diverse internal and external audiences. -Willingness to obtain CHAM (Consortium for Housing & Asset Management) professional designation. -Demonstrated ability to manage complex financial models and interpret performance metrics. -Knowledge of accounting, financial principles, and affordable housing regulations. -Willingness to pursue professional development, including travel as needed. -Demonstrated success in meeting or exceeding portfolio and organizational budget goals. -Experience in finance, banking, law, accounting, or affordable housing strongly preferred. -5–10 years of senior or executive-level leadership experience managing teams and complex portfolios. -Experience in real estate transactions including refinancings, dispositions, and investor exits. -Minimum 10 years of progressive experience in asset management, real estate, or related field. -Strong strategic thinking and problem-solving abilities with a results-driven mindset.

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