Asset Manager

BACKGROUND

2Life Communities provides superior housing to older adults of all backgrounds who can thrive independently within a supportive environment. We are a mission-driven organization with a vision whereby all older adults have the opportunity to age in community – to live a full life of connection and purpose in a dynamic and supportive environment. We continually evolve our support services to meet the needs of our diverse residents as they age. We offer case management, service coordination, and a wide array of wellness, cultural, and other activities. We partner with health care providers to identify innovative ways to support residents’ health and well-being, and we engage with the broader community through our Village Center program. 

2Life owns and operates over 1,300 affordable rental units across six campuses in metropolitan Boston. With another 210 apartments under construction and more in planning, we expect to add 600-700 units over the next several years as we complete projects in active planning and construction. We continue to pursue other development opportunities. We anticipate continued growth in the size of our portfolio, the geography in which we operate, and the diversity of our residents in terms of race, ethnicity, income levels, and need for supportive services. 

GENERAL SUMMARY

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 exposuresCoordinate 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/dashboardCreate 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 your family.
• Future-Proofing: 401(k) retirement planning and employer-paid Life, AD&D, and Disability insurance (Short & Long Term).
• Rest & Recharge: Generous paid vacation, official holidays, plus 2 floating holidays to use whenever you need a break.
• Family-Friendly: Inclusion for your "+1" and dependents, plus Pet Insurance for your furry family members.

The above statements intend to describe the general nature and level of work performed by people assigned to do this job. The above does not intend to be an exhaustive list of all responsibilities and duties required.

We desire to build and cultivate an environment that brings together an exceptional workforce with unique experiences, backgrounds, talents, and perspectives.

Compensation details: 95000-120000 Yearly Salary