Director of Asset Management, Affordable Housing Group

TruAmerica Multifamily Director of Asset Management, Affordable Housing Group Full-Time $165, 000- $185, 000 Woodland Hills, CA A six-time Great Place to Work-Certified company, most recently in 2026. About TruAmerica Founded in July 2013, TruAmerica Multifamily is a partnership between industry veteran Robert E. Hart and The Guardian Life Insurance Company of America. The company is based on the premise that tremendous upside potential remains in mid-tier apartment communities that can be unlocked through tailored renovation, repositioning strategies, and focused management. TruAmerica Multifamily is a privately held, fully integrated real estate investment firm that invests in apartment communities located in primary and secondary markets throughout the country. We continue to grow by selectively acquiring, redeveloping, and effectively managing multifamily properties. TruAmerica has grown to become a Top 25 apartment owner in the United States, according to the National Multifamily Housing Council (NMHC), and is the youngest manager in the NMHC Top 50. Today, TruAmerica has over 60, 000 units in 25 high-growth markets and approximately $16 billion of assets under management. Objective The Director of Asset Management, Affordable Housing Group, is responsible for overseeing the financial performance, compliance, and operational strategy of our new and growing affordable housing portfolio. This includes directing third-party property managers, ensuring LIHTC and regulatory compliance, and collaborating with internal departments such as Acquisitions, Accounting, Construction Management, and Portfolio Management. The Director ensures the successful execution of business plans and optimizes asset-level returns while adhering to the organizations mission of delivering high-quality affordable housing. This position reports to the Managing Director, Affordable Housing Group. Responsibilities Cross Functional Relationships and Accountability Establish and maintain strong relationships across the organization, collaborating closely with Acquisitions, Accounting, Construction Management, and Portfolio Management to align asset management goals with organizational strategies.Communicate regularly with third-party property management firms, ensuring they understand and execute the organization's goals regarding operational performance, compliance, and resident satisfaction.Conduct routine site visits and inspections to review leasing performance, occupancy, market trends, ongoing renovations, and property conditions.Serve as the primary contact for debt and equity partners, ensuring clear communication of portfolio performance and strategic direction.Lead strategy sessions with internal and external stakeholders to optimize revenue, control expenses, and improve Net Operating Income (NOI) across the portfolio.LIHTC Compliance Oversight Demonstrate a strong understanding of Low-Income Housing Tax Credit (LIHTC) compliance requirements, including Section 42 regulations and reporting standards.Provide direction and oversight to third-party property managers to ensure adherence to LIHTC compliance requirements.Conduct regular audits of tenant files and property records to confirm regulatory compliance and resolve any identified issues.Develop and implement processes to support third-party managers in maintaining accurate LIHTC compliance documentation.Provide organizational guidance to internal departments and external partners on the subject of LIHTC compliance. Monthly Reporting and Financial Analysis Work in partnership with internal accounting teams and third-party property managers to ensure accurate, timely financial reporting.Review and approve monthly operating statements, analyzing variances against budget and recommending corrective actions as needed.Manage the annual operating and capital budgets for the portfolio, ensuring alignment with approved business plans and equity partner expectations.Proactively analyze cash flow, distribution schedules, and lender requirements to maintain financial health across the portfolio.Oversee compliance with investor and lender agreements, providing periodic updates and strategic recommendations to enhance returns.Monitor economic trends within sub-markets, forecasting potential impacts on asset performance and adjusting disposition or exit strategies accordingly.Lead efforts on tax appeals, loan compliance, partnership expenses, and ancillary income opportunities. Execution of the Business Plan Collaborate with Acquisitions to create comprehensive business plans for new acquisitions and existing portfolio assets.Partner with Construction Management to ensure capital projects, renovations, and maintenance plans are executed on time and within budget.Monitor and address risks, such as high management turnover, resident satisfaction issues, and operational inefficiencies, with proactive mitigation strategies.Lead annual budget creation and secure equity partner approval for each asset.Leverage in-depth knowledge of macro and micro markets to stay competitive and maximize investment returns.Identify risks and deviations from the business plan, recommending and implementing mitigation measures to protect asset performance.Ensure compliance with governmental and state guidelines, including price gouging restrictions and other regulatory requirements. Qualifications Bachelors degree in real estate, finance, business administration, or related field; masters degree preferred.Minimum of 7 years of experience in asset management, with a focus on affordable housing.Proficiency in third-party property management and accounting software such as RealPage and Yardi.Strong understanding of LIHTC compliance, HUD programs, and affordable housing financing.Specialized certifications including HCCP, TCS, and C3P and a detailed understanding of HUD Handbook 4350.03 REV-1 preferred.Exceptional analytical skills, with a proven ability to interpret financial data and recommend strategies.Excellent interpersonal and communication skills, with experience building relationships across departments and with external stakeholders.Demonstrated leadership skills with a track record of managing and mentoring teams.Proficiency in Microsoft Excel, Word, and real estate industry software.Commitment to affordable housing and community development.Capability to conduct property site visits and inspections, including traveling locally.Ability to communicate effectively both verbally and in writing. Physical Demands The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the position. Ability to sit for up to 10 hours per day.Ability to move freely around the office for up to 10 hours per day.Ability to communicate verbally and in writing. Compensation The base salary range for this role is $165, 000 to $185, 000. This position is also eligible for a discretionary bonus. Applications are accepted on an ongoing basis until the position is filled. Why You'll Love Working at TruAmerica TruAmerica Multifamily is a six-time Great Place to Work-Certified company, most recently in 2026, and we invest in our colleagues the same way we invest in our communities. Eligible colleagues receive a comprehensive benefits package, including: Medical, dental, and vision: TruAmerica covers 100% of the employee premium for base medical plans, and dental, vision, life insurance, long-term disability, and AD& D are 100% employer-paid. TruAmerica also contributes toward the cost of dependent coverage.401(k) retirement plan with a company match.Vacation, sick, and holidays: a vacation allowance that grows with tenure (up to 21 days), generous paid sick leave, and 10+ paid holidays, plus your birthday, cultural and ethnic observance days, and company-sponsored volunteer days.Pre-tax savings: Health and Dependent Care Flexible Spending Accounts (FSA/DCA).Plan flexibility: choice of a national Blue Cross Blue Shield PPO or HMO, plus regional plan options where available. Benefits described are representative of those offered to eligible full-time colleagues and may vary by position, location, and eligibility. This summary is general and does not create a contract or guarantee of any particular benefit. Equal Opportunity Employer TruAmerica Multifamily is an equal opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, color, sex, religion, sexual orientation, gender identity, national origin, age, disability, genetic information, pregnancy, veteran status, or any other characteristic protected by federal, state, or local laws. This policy applies to all employment practices within our organization, including hiring, recruiting, promotion, termination, layoff, recall, leave of absence, compensation, benefits, training, and internships. TruAmerica Multifamily makes hiring decisions based solely on qualifications, merit, and business needs at the time. ADA / Reasonable Accommodation Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the position. Work Authorization Applicants must be legally authorized to work in the United States. TruAmerica participates in employment eligibility verification as required by law. Conditional Offer / Background Check Any offer of employment is contingent upon the satisfactory completion of a background check and reference verification. Consistent with applicable Fair Chance and Ban-the-Box laws, TruAmerica will consider qualified applicants with criminal histories in a manner consistent with the law and will conduct an individualized assessment before withdrawing any conditional offer. At-Will Employment This job description is not a contract of employment and does not alter the at-will nature of employment with TruAmerica Multifamily. Employment may be terminated by either the employee or the company at any time, with or without cause or notice, to the extent permitted by law. TruAmerica reserves the right to modify the duties and responsibilities of this position at any time. Applicant Privacy Notice TruAmerica Multifamily collects personal information from applicants solely for recruitment and hiring purposes, in accordance with applicable data privacy laws. Categories of information collected may include identifiers (such as name and contact information), professional or employment-related information (such as resume, work history, and references), and education information. This information is used to evaluate your candidacy, communicate with you regarding the application process, and comply with applicable legal obligations. TruAmerica does not sell applicant personal information. Information is retained only as long as necessary for these purposes or as otherwise required by law. No Recruiters / No Agencies TruAmerica Multifamily has an internal Talent Acquisition team that manages all recruiting for our open positions. We are not accepting unsolicited assistance from search firms, staffing agencies, or third-party recruiters for this role. Please do not forward resumes, candidate profiles, or contact information to our employees, hiring managers, or any TruAmerica email address or office location. TruAmerica will not be responsible for any fees related to unsolicited resumes, and any such submissions will be considered the property of TruAmerica with no obligation to pay a placement or referral fee. Agencies wishing to be considered as a future search partner must be engaged directly and in writing by TruAmerica's Talent Acquisition team prior to submitting any candidates.