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Senior Asset Manager
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Department: Development
Job Status: Full Time
FLSA Status: Exempt
Reports To: Development & Acquisition Director
Grade/Level: 62
Amount of Travel Required: 10%
Job Type: Regular
Positions Supervised: None
Work Schedule: Regular Business Hours
Union: Non-Union
Work Location: On Site or Hybrid
Starting Pay Range: $113,158 to $132,191 Annually DOQ
Total Pay Range: 113,158 - $151,2347 Annually
Open until filled with priority given to applications received by Wednesday, November 19, 2025 at 5:00 PM
Benefit package includes:
- Medical Insurance-BHA pays 95% for employee only or 90% for family
- Vision Insurance-BHA pays 95% for employee only or 90% for family
- Dental Insurance – 100% Covered by BHA
- Life and AD&D Insurance
- Washington State Retirement (PERS)
- Washington State Deferred Compensation
- Paid Time Off (PTO) Accrual of 150 hours in first year
- Washington State Paid Sick Leave – 1 hour for every thirty hours worked (approx. 69 hours per year)
- 13 Paid Holidays per year
- Longevity Pay
- Employee Assistance Program
- Tuition Reimbursement Opportunities
POSITION SUMMARY
The Senior Asset Manager supports Bremerton Housing Authority’s (BHA’s) strategic and operational objectives by providing oversight of the BHA’s portfolio of affordable housing properties to ensure financial health, regulatory compliance, strong physical condition to maximize investment value and long-term sustainability. Key responsibilities include analyzing financial statements, implementing and monitoring property performance measures, analyzing project financial proformas, conducting site visits, overseeing budgets and compliance with programs like LIHTC and HUD regulations, and generally ensuring our properties are operating efficiently and financially strong. This position is responsible for managing relationships with lenders, equity and grant funders, and property managers to ensure high quality services and expectations are met and the public will have a high degree of confidence in BHA’s property operations.
This position will also work with the development team to ensure that timely compliance reporting occurs on all development projects, analyze the financial viability of new acquisitions and planned construction projects as well as special development projects as required.
The Senior Asset Manager will work with BHA’s executive management team to strategically analyze BHA’s existing portfolio for fiscal health and long-term physical viability.
Essential Functions
Reasonable Accommodations Statement
To accomplish this job successfully, an individual must be able to perform, with or without reasonable accommodation, each essential function satisfactorily. Reasonable accommodations may be made to help enable qualified individuals with disabilities to perform the essential functions.
Asset Management Oversight:
- Develop and administer the agency’s overall Asset Management goals, objectives and procedures; prepare individual asset management plans for each property, including long-term capital needs and financing strategies.
- Identify, assess, track and recommend key performance measures and metrics that will serve to evaluate the operational health of each BHA property and propose work strategies to improve performance; track maintenance issues at a high level to ensure they are resolved in a timely and cost effective manner; review and approve marketing plans, rental rates, and leasing incentives; and recommend corrective action as required.
- Develop Asset Management plans for units under development; partner with BHA departments to determine proposed unit population and occupancy projections, level of staffing, space planning, market conditions, financing obligations and other criteria which influence asset management program.
- Conduct periodic site inspections, review property curb appeal, and establish standard of quality for rent- ready units.
- Manage exits of investors from Tax Credit Partnerships.
Compliance and Regulatory Oversight:
- Ensure that BHA and its staff comply with the detailed regulations, rules, policies and procedures that govern BHA’s administration of its housing programs and properties.
- Oversee monitoring of staff management of client files for tax credit compliance and BHA’s compliance with other HUD reporting systems.
- Monitor agency business functions to provide assurances of performance, productivity, and compliance.
- Conduct research and interpret all program documents and HUD regulations to ensure compliance for any property management or housing operation requirements to include all federal, state, and local laws.
- Act as the intermediary between executive, senior, and middle-management leaders to develop and recommend policies and procedures to ensure that BHA reinforces restrictions and improves and upholds the integrity of all property operations.
- Assess areas of compliance risk for the agency and collaborate with staff to effectively incorporate compliance functions throughout the agency's business operations.
- Maintain expertise in applicable CFRs, LIHTC, HUD rules and regulations, BHA's administrative processes and procedures, and all program documents and relevant federal, state, and local laws.
Financial Oversight:
- Analyze annual financial statements, budgets, and tax returns to ensure property financial integrity and performance.
- Monitor and report on key financial metrics and benchmarks in alignment with funder requirements and best practices for portfolio performance, working to maximize investment value and sustainable operations.
- Oversee capital needs assessments and manage property reserves.
- Work with the Development Team to manage refinancing and rehabilitation opportunities.
Property & Operations Management:
- Work with the development team and consultants to draft operating proformas for new acquisitions, new construction projects as well as acq/rehab projects.
- Conduct periodic site visits to evaluate property management, market position, and the physical condition of the properties; work with the property management team to correct deficiencies.
- Coordinate with property management to ensure timely property lease ups on new acquisitions or repositioning projects. Work with relocation vendors and property managers as needed on acq/rehab projects.
- Along with property management and development, coordinate and approve physical repairs, maintenance, and capital improvement projects.
Stakeholder Relations:
- Act as a liaison with lenders, investors, syndicators, and government officials.
- Communicate and report on portfolio performance and property status to stakeholders.
- Negotiate and manage relationships with third-party contractors and vendors.
Strategic Planning & Development:
- Contribute to the development of the real estate development strategy and business case preparation to advise the Executive Director and Board on BHA’s development objectives.
- Along with the development team, work with internal and external advisors to assess potential acquisitions or property dispositions.
- Review and approve of operating budgets and annual work plans for the BHA portfolio.
- Manage property dispositions and partnership interests.
- Participate in long-term planning, including preservation, maintenance, and strategies to increase energy efficiency.
Leadership & Supervision:
- While the senior Asset Manager will not have a direct supervisory role, they will act as a resource and in-house consultant for the property management team.
- The role will also work to serve as project manager on capital work projects for the existing portfolio and lead a team of BHA staff to successful project completion.
Required Skills
- Exceptional knowledge of real estate finance and financing strategies.
- Knowledge of policies and procedures of residential property and asset management.
- Comprehensive knowledge and understanding of housing authority organizational operations, knowledge and familiarity of various financing strategies including Public Housing Operating funds, tax credits, tax-exempt bonds, HOME funds and other funding sources available to the affordable housing market.
- In-depth understanding of LIHTC, Section 8 Programs, HUD regulations, and other affordable housing policies.
- Familiarity with LIHTC compliance and program requirements.
- Knowledge of best practices of leasing and maintaining housing and retail units, evaluating and resolving occupancy issues, assessing market conditions, trends, unit comparability and rental rates.
- Knowledge of pertinent Federal, State and local laws, codes and regulations.
- Strong familiarity with operational characteristics, services, regulatory requirements and activities of publicly financed affordable housing.
- Proficient with modeling investments.
- High level ability to plan projects effectively, manage their timely implementation and effectively use the agency's Project Data Base and other management tools. Have a high regard and ability to meet schedules and timelines; demonstrate excellent ability to work independently with little direction.
- Very strong ability to communicate a wide range of material clearly and effectively in writing and verbally.
- Deep understanding of the importance of communication, integrity, customer service and innovation.
- Able to work directly with both private and public sector asset and property management principles and with methods and techniques of negotiating and administering contracts and leases.
- Familiar with best practices, procedures and concepts in risk management, claims management and insurance procurement.
- Ability to engage a wide variety of people with a high level of professionalism, courtesy and good humor, including culturally, socially and economically diverse populations, seniors, persons with disabilities, contractors, and professional colleagues.
- Show a strong commitment to maintain confidentiality in all assignments as directed.
- Effective troubleshooting skills. Able to identify problems, suggest solutions and follow through with to ensure an effective resolution.
- Strong ability to analyze financial statements, budgets, and cash flow projections.
- Ability to read and interpret complex government rules and regulations; ability to understand and help implement policy and procedures to ensure compliance.
- Exercise sound professional judgement.
- Thorough and attentive to details; able to prioritize and multitask.
- Working knowledge of the Microsoft Office suite of programs as well as familiarity with property management software.
- Proven ability to manage multiple projects, monitor progress, and ensure timely completion of tasks.
POSITION QUALIFICATIONS
Education and Experience
Education:
Bachelor’s degree from an accredited four-year college or university in real estate or a related field is desired but not required. Additional work experience in a pertinent job can substitute for a four-year degree.
Required Experience:
- A minimum of 10 years’ work experience in affordable housing, asset management, property operations, or development is required.
- Experience with financial principles and practices.
- Experience with compliance requirements for programs and business operations.
- Proven history of learning new technical skills as needed for the job though on-line webinars, attendance at conferences and self-study.
Bremerton Housing Authority has the discretion to accept any other equivalent combination of education and experience when relevant.
Computer Skills:
- Intermediate to Advanced level user of Microsoft Office programs.
- Experience using Wrike Project Management software or similar project tracking software.
- Experience with Yardi systems, a plus.
This role routinely uses standard office equipment such as computers, telephones, adding machines, photocopiers, and fax machines.
Other Requirements:
- Must possess a valid Driver's License for use in Washington State with the continued ability to be covered under the Housing Authority’s auto insurance policies.
Required Competencies
- Active Listening - Ability to actively attend to, convey, and understand the comments and questions of others.
- Adaptability - Ability to adapt to change in the workplace.
- Analytical Skills - Ability to use thinking and reasoning to solve a problem.
- Autonomy - Ability to work independently with minimal supervision.
- Business Acumen - Ability to grasp and understand business concepts and issues.
- Change Management - Ability to encourage others to seek opportunities for different and innovative approaches to addressing problems and opportunities.
- Communication, Oral - Ability to communicate effectively with others using the spoken word.
- Communication, Written - Ability to communicate in writing clearly and concisely.
- Competitiveness - Willingness to strive to get ahead or to finish projects.
- Decision Making - Ability to make critical decisions while following company procedures.
- Detail Oriented - Ability to pay attention to the minute details of a project or task.
- Ethical - Ability to demonstrate conduct conforming to a set of values and accepted standards.
- Financial Aptitude - Ability to understand and explain economic and accounting information, understand budgets and financing strategies, and help make sound financial decisions.
- Honesty / Integrity - Ability to be truthful and be seen as credible in the workplace.
- Involvement of Stakeholders - Assesses who the stakeholders are and involves them in the process. Works to develop buy-in amongst the stakeholders and facilitates cooperative discussions.
- Leadership/Influence - Ability to influence others to perform their jobs effectively and to be responsible for making decisions.
- Negotiation Skills - Ability to reach outcomes that gain the support and acceptance of all parties.
- Organized - Possessing the trait of being organized or following a systematic method of performing a task.
- Project Management - Ability to organize and direct a project to completion.
- Resource Management (People & Equipment) - Ability to obtain and appropriate the proper usage of equipment, facilities, materials, as well as personnel.
- Responsible - Ability to be held accountable or answerable for one’s conduct.
- Self-Motivated - Ability to be internally inspired to perform a task to the best of one’s ability using his or her own drive or initiative.
- Strategic Planning - Ability to develop a vision for the future and create a culture in which the long-range goals can be achieved.
- Time Management - Ability to utilize the available time to organize and complete work within given deadlines.
- Working Under Pressure - Ability to complete assigned tasks under stressful situations.
WORK ENVIRONMENT
The employee primarily sits at a desk using a computer but has the opportunity to move about at will. Hand-eye coordination is necessary to operate various types of office equipment. The employee will need good listening abilities and may be exposed to noise from basic office machine operation. The person in this position interacts as a liaison with key stakeholders and outside resources while providing project oversight will be a common occurrence. There is also some travel to job sites and professional meetings.
PHYSICAL DEMANDS
N (Not Applicable) Activity is not applicable to this position.
O (Occasionally) Position requires this activity up to 33% of the time (0 - 2.5+ hrs./day)
F (Frequently) Position requires this activity from 33% - 66% of the time (2.5 - 5.5+ hrs./day)
C (Constantly) Position requires this activity more than 66% of the time (5.5+ hrs./day)
Physical Demands Lift/Carry
Stand O 10 lbs. or less O
Walk O 11-20 lbs. O
Sit F 21-50 lbs. N
Manually Manipulate F 51-100 lbs. N
Reach Outward O
Reach Above Shoulder O Push/Pull
Climb N 12 lbs or less O
Crawl N 13-25 lbs O
Squat or Kneel N 26-40 lbs. N
Bend O 41-100 lbs N
Grasp O
Speak F
Other Physical Requirements
- Vision (Near)
- Sense of Sound - listening to instructions and comments
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