Asset Manager

At 2Life Communities, our properties are more than buildings—they are vibrant communities where older adults can live with dignity, stability, and connection. As an Asset Manager, you play a critical role in protecting and strengthening these communities, ensuring they remain financially sound, well-maintained, and aligned with our mission. In this role, you will oversee a portfolio of affordable housing properties, driving strong operational, financial, and regulatory performance. You’ll collaborate closely with property management, finance, facilities, and compliance teams to ensure each community operates efficiently, meets all funding and regulatory requirements, and delivers the highest standard of service to residents. You’ll bring a strategic, data-driven lens to your work—analyzing financial performance, guiding budgeting and cost management, and leading comprehensive annual property reviews. Your insights will inform key decisions at the leadership and board level, helping shape the future of our portfolio. Beyond performance, you’ll help advance sustainability efforts, mitigate risk, and continuously improve how we operate—ensuring our communities remain strong, resilient, and positioned for long-term success. This is more than an asset management role—it’s an opportunity to make a meaningful impact on the lives of the residents we serve while shaping the future of affordable housing. ESSENTIAL JOB FUNCTIONS Collaboration and Continuous Improvement Work cross-functionally with Finance, Facilities, and Compliance to align site operations with organizational goals. Support training and capacity-building for site staff in budgeting, reporting, and performance monitoring. Participate in organizational initiatives aimed at improving operational systems Operational and Financial Performance Partner with property management, finance, and accounting to set and monitor annual operating budgets. Review property financials monthly, analyze variances, and identify trends or areas requiring intervention. Lead annual property performance reviews, documenting key takeaways and recommendations. Provide narrative and data-driven insights Compliance and Contract Oversight Monitor HUD, MassHousing, and other subsidy contract terms, as well as rent increase opportunities. Ensure timely renewals, submissions, and responses to requests from funders or regulatory agencies. Cost Management and Risk Mitigation Identify and lead real estate tax abatement or exemption efforts to reduce expenses. Monitor and support utility rate management to ensure properties receive the most cost-effective energy pricing available. Evaluate capital reserve and risk exposures Coordinate property insurance claims Sustainability and Energy Management Use benchmarking systems to track and analyze energy and water consumption, identifying opportunities for reduction and savings. Address short-term utility or mechanical issues and develop long-term sustainability strategies. Identify and pursue sustainability grants or incentive programs. Ensure compliance with local environmental and sustainability reporting requirements (e.g., BERDO, City of Newton). Stay informed of emerging energy regulations and collaborate with Facilities on implementation strategies. OTHER DUTIES AND RESPONSIBILITIES Prepare monthly board report/dashboard Create and maintain deal books for all properties PREPARATION, KNOWLEDGE, SKILLS & ABILITIES 3+ years of experience in affordable housing asset management, property management, real estate finance, or a related field. Working knowledge of LIHTC and affordable housing finance, including compliance and reporting requirements. Strong financial and analytical skills, including budget-to-actual analysis, cash flow review, and property-level KPIs. Demonstrated experience managing asset-level data, dashboards, or reporting systems with accuracy and consistency. Ability to maintain and interpret portfolio documentation, including financing structures, regulatory agreements, and compliance requirements. Proficiency in Excel and comfort working across financial and property management systems. Beyond the Paycheck: Why You’ll Love Working Here: We don’t just offer a job; we invest in your entire life. Our "Total Rewards" package adds an extra 27% to 30%+ in value on top of your base salary. Comprehensive Health: Premium Medical, Dental, and Vision coverage for you and y