Senior Asset Manager

Senior Asset Manager
NewVue Communities
Fitchburg, MA

Full-time, hybrid role with on-site work required on Tuesdays and Thursdays
Salary range $80K to $120K, commensurate with experience

NewVue Communities is seeking a Senior Asset Manager to oversee the financial, physical, and operational performance of its real estate portfolio. The Senior Asset Manager serves as the organization's lead asset management professional and will work closely with property management, finance, and development teams to ensure the long-term sustainability and success of the portfolio.

Senior Asset Manager Job Qualifications

• Bachelor’s degree in real estate, finance, public administration, urban planning or related field preferred
• 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

Why you should apply:

• Grow professionally in a collaborative, values-based environment with opportunities for leadership and skill-building
• Make a meaningful impact by delivering programs and services that address community needs
• Friendly, inclusive culture, work/life balance and flexible, supportive collaboration

Senior Asset Manager Job 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

About NewVue Communities (www.newvuecommunities.org)

NewVue Communities is a nonprofit community development corporation dedicated to creating strong and healthy neighborhoods where residents choose to live, work, and invest.

NewVue Communities is the only community development corporation solely dedicated to serving the 240,000 residents of North Central Massachusetts, a region of 22 municipalities stretching from Harvard to Athol. We strategically use a five-pronged approach to strengthen communities and fuel economic and social progress through homeownership, small business development, housing development, asset management, and community organizing.

Our work is accomplished through the support of our committed staff and board of directors, residents, and business owners in our communities, strong partnerships, local, state, and federal funding agencies, and private funders who see the value and impact of our work.

NewVue Communities is an equal opportunity employer, dedicated to building an inclusive and diverse workforce.

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