NewVue Communities · 15 hours ago
Senior Asset Manager
Fitchburg, MA
Full-time
Hybrid
Senior Level
$80K/yr - $120K/yr
5+ years expNewVue Communities is a nonprofit community development corporation dedicated to creating strong and healthy neighborhoods. They are seeking a Senior Asset Manager to oversee the financial, physical, and operational performance of their real estate portfolio, ensuring long-term sustainability and success.
Non ProfitService Industry
Hiring Manager
Diane Tremblay
Responsibilities
Monitor and evaluate property and portfolio performance on a monthly and quarterly basis, including NOI, occupancy, rent collections, and expenses
Identify trends, risks, and opportunities and propose appropriate responses
Represent ownership interests in conversations with third-party property managers and other partners
Review and analyze property budgets, capital plans, and financial statements
Lead or support asset-level financial modeling
Track capital needs and oversee capital planning processes to ensure long-term sustainability
Ensure ongoing compliance with regulatory agreements, loan covenants, and funder requirements
Maintain or coordinate compliance calendars for audits, inspections, and reporting deadlines
Work with property managers and finance staff to address compliance gaps or risks
Serve as liaison between asset management and property operations, finance, and executive leadership
Communicate portfolio performance and key issues clearly to senior staff and/or board members
Manage or support relationships with lenders, syndicators, investors, and other external stakeholders
Build and maintain internal tracking systems to support consistent, clear oversight of the portfolio
Recommend and implement process improvements to streamline reporting, task tracking, and internal communication
Work with outside consultants to build or enhance asset management tools or templates as needed
Qualification
Required
Minimum of 5 to 7 years of experience in asset management, affordable housing finance, or real estate portfolio oversight
Strategic thinker with hands-on experience managing affordable housing assets, including familiarity with LIHTC, HUD, and other affordable housing financing and compliance requirements
Strong financial acumen; comfortable analyzing operating statements, pro formas, and capital budgets
Ability to manage and prioritize multiple projects with minimal supervision
Excellent judgment and communication skills
Interest in process improvement, system development, and/or AI/automation tools for housing operations
Working knowledge of Microsoft Office Suite (particularly, Excel), Power BI and/or other cloud-based reporting platforms
Preferred
Bachelor's degree in real estate, finance, public administration, urban planning or related field
Company
NewVue Communities
NewVue Communities mission is to develop quality housing, create economic opportunities, and foster civic engagement .
11-50 employees
Funding
Current Stage
Early StageTotal Funding
$0.15MKey Investors
TD Charitable Foundation
2023-05-08Grant· $0.15M
Recent News
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