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Managing Director, Asset Management

  • Location:

    New York, United States of America

  • Sector:

    Real Estate & Property Management

  • Job type:

    Full Time

  • Salary:

    US$275000.00 - US$315000.00 per annum

  • Contact:

    Cobalt Recruitment

  • Contact email:


  • Job ref:

    JN -062024-82005_1718130633

  • Published:


  • Expiry date:


  • Start Date:


Title: Managing Director - US Head Asset Management

Location: New York, NY

Compensation: $275,000 - $315,000 Base Salary + Bonus + Benefits

Our client is a nationally recognized leader with over 30 years in affordable housing and market rate development. As the Managing Director, Head of Asset Management, you will lead the asset and portfolio management teams in the overall performance of the portfolio. The Managing Director plays a pivotal role in value creation and result reporting throughout the entire life cycle of properties, from stabilization to disposition. This role involves supervising the Asset Management Team, guiding the drafting of initial property business plans, executing investment strategies, consistently exploring value creation opportunities, and adapting strategies as necessary to respond to changing market conditions.

The role:

  • Develop and implement asset management strategies for the company's affordable housing portfolio and participate in strategic planning and overall direction of the company.

  • Manage, lead, and develop an experienced team of asset management and resident services professionals, providing guidance and support to achieve departmental goals.

  • Oversees the Asset and Portfolio Management Teams in the production of quarterly reporting that includes property financial performance, Fund level financial projections and portfolio valuations.

  • Synthesizes efforts of the Asset and Portfolio Management teams and ensure accurate and on-time asset and portfolio management reporting including but not limited to quarterly financial reporting, budgeting, property business plans, fund projections and portfolio valuations.

  • Assesses current and potential new systems / software that leverage automation and increase expediency and accuracy.

  • Maintain collaborative and productive relationships with investment partners, community partners, public agencies, property management, and other industry professionals.

  • Assesses current and potential new systems / software that leverage automation and increase expediency and accuracy.

  • Manages the overall sales process and coordinates with the broker on the marketing, bidding, negotiations and all closing activities.

  • Reviews and informs the initial underwriting of both acquisition and development deals in preparation for Investment Committee and ensuring a clear and seamless transition from acquisitions / development into Asset Management.

  • Collaborate with other departments to ensure a cohesive approach to the company's financial management and alignment with long-term objectives.

  • Prepare and present regular reports on asset performance, valuation, and risk assessment to owners, executive team, and other stakeholders.

  • Ensure compliance with all regulatory requirements and ethical standards related to asset management

  • Implement risk management strategies to minimize potential losses and maximize returns.

  • Maintain an up-to-date understanding of industry best practices and incorporate them into the company's asset management approach.

The Person:

  • Minimum 10 years of experience in Real Estate - Multi-family real estate asset management, 5 years in a management role.

  • Bachelors Degree in business administration, urban planning, relate development, architecture, or another related field.

  • Strong Financial analyses skills

  • Affordable housing transnational experience, low-income housing tax credit (LIHTC) - New York specific

  • Yardi / Business intelligence programs, proficiency in MS Suite

The above salary range represents Cobalt's good faith and reasonable estimate of the possible base compensation range at the time of posting and is one part of the total rewards package this client provides to employees.