Senior Director of Asset Management

Project for Pride in Living (PPL) is a nonprofit organization dedicated to empowering low-income individuals and families to become self-reliant through integrated services in housing, employment, and education.We are seeking a strategic and mission-driven Senior Director of Asset Management to lead the stewardship of our real estate portfolio; residential and commercial. This role is responsible for maintaining the value of the real estate as assets to PPL and to the communities.Job SummaryThe Senior Director will oversee long-term asset planning, compliance, investment and portfolio analysis, ownership responsibilities ensuring alignment with PPL’s mission to build stronger communities through housing, employment, and education.Key ResponsibilitiesMonitoring performance of portfolio of low-income housing units plus commercial space, especially monitoring financial performance, physical condition and capital expenditures, advising of opportunities for improvement of troubled properties and recommending corrective actionEstablishing an Asset Management Plan for each owned property, clarifying management priorities consistent with PPL missionReviewing insurance and property tax status of each property and taking measures to assure proper insurance coverage and tax classification and valuationsReporting to limited partners and funders as required, ensuring connection to the PPL Executive TeamWorking closely with PPL’s compliance team, monitoring compliance with all funding and other requirements for all owned propertiesReviewing, recommending and implementing new financing or ownership structures for existing portfolio, as appropriateMaintaining all property records in a well organized, easy to retrieve system, for legally required time periodsSupervisory ResponsibilitiesServe as supervisor to Associate Director of Asset Management and Real Estate Project Analyst.QualificationsDemonstrated problem solving skills in analyzing and recommending alternatives and solutions to funding issues, legal structure and operating issues related to an affordable housing portfolioStrong financial analysis skills essential to the review of the financial performance, capital needs and operating reserves of individual properties and a broader portfolioAssist with the preparation of budgets, capital expenditures, and tax informationProficient in Microsoft Office products especially Excel. Experience with Yardi a plusMust have valid Minnesota drivers’ license and able to drive to inspect sitesExperience7-10 years experience in asset management, real estate investment management, commercial real estate finance, property management, real estate accounting or other closely related fieldDemonstrated proficiency in the ability to read and interpret documents related to the Asset Management positionFamiliarity with low-income housing funding mechanisms essential to development and operation of affordable housing propertiesUnderstanding of the various legal entity structures and their reporting requirements (e.g. LLC, LP, LLP)Knowledge of real estate financing and accountingEducationBA/BS degree in Real Estate Management, Business, Finance or Accounting, or other related field. (additional education may substitute for experience)BenefitsHealth & Dental InsuranceEmployer-Paid Short & Long-Term Disability & Life InsurancePaid Parental LeaveHSA or FSA OptionsPTO & Paid Holidays403(b) Retirement Plan with Employer MatchSummer Half-Day Fridays (Memorial Day-Labor Day)Meaningful work that impacts livesSalary: $125,000-$150,000 / annually DOQ #J-18808-Ljbffr

Created: 2025-10-04