Job Information
RiseBoro Homecare Inc. Asset Management Analyst in BROOKLYN, New York
ESSENTIAL DUTIES AND RESPONSIBILITIES
The Asset Manager will oversee the financial, operational, and physical performance of RiseBoro’s affordable housing portfolio and commercial properties. This role requires strong cross-functional coordination with property management, fiscal, development, and sustainability teams to ensure long-term asset health and mission alignment.
Responsibilities include:
Create and maintain business plans for each asset, updating them at least annually based on performance and market conditions.
Optimize portfolio performance (e.g., NOI growth) through revenue, expense, and margin target-setting, monthly/quarterly variance tracking, and corrective actions.
Oversee annual operating budgets and reforecasts; assist in building-specific analytics and budget support as needed.
Develop and standardize asset management processes, reporting templates, models, and data systems to drive accountability and performance.
Prepare and analyze annual income and expense reports to identify trends; develop KPIs and tracking systems to inform decision-making.
Coordinate use of Yardi and other reporting tools to enhance portfolio visibility and decision speed.
Manage cash flow projections, capital call needs, inter-company loans, and deferred developer fee tracking.
Work with Fiscal and Property Management teams to update financial schedules (REO, Contingent Liabilities, Deferred Developer Fees).
Assess capital needs and reserve adequacy across the portfolio; lead strategy on reserve utilization.
Coordinate asset recapitalization and refinancing efforts (e.g., RAD for PRAC, HPD PLP, Tax Credit Syndication/Re-syndication, Fannie/Freddie/FHA executions).
Lead underwriting and financial strategy for major recapitalizations, in collaboration with development and construction management teams.
Liaise with RiseBoro’s fiscal team to bridge communication between finance and property operations.
Plan and oversee capital projects including end-of-life system replacements, compliance upgrades, and value-add initiatives—from bid to completion with ROI forecasting.
Conduct regular site visits to ensure properties remain in a state of good repair.
Collaborate with Property Management to assess capital needs across the portfolio.
Support Year 15 exits for LIHTC properties.
Support transitions from development to stabilized operations, including lease-up, cost certifications, 8609s, insurance, and utility setup.
Assist with due diligence related to acquisitions or dispositions of housing stock in coordination with RiseBoro Housing Development.
Help prepare deal books at construction closing and coordinate transition meetings post-closing.
Work with the Sustainability Team to evaluate and structure financing for energy upgrades and retrofits, including the RB Solar initiative and other innovative green financing options.
Lead quarterly asset reviews and investor reporting.
Maintain relationships with lenders and syndicators; act as point of contact for in-service projects.
Collaborate with legal and risk management to set property-level insurance and risk mitigation standards and communicate them to Property Management.
COMPETENCIES:
2-4 years of experience in affordable housing, development or related experience
Passionate about the affordable housing industry and sustainable building practices
Ability to work independently or as part of a team
Advanced Excel skills
Demonstrated experience / understanding of multi-family housing. Affordable housing experience preferred, although market-rate experience is an acceptable substitute.
Experience in low income housing tax credits (9% and 4%) transactions and/or year 15 transactions preferred
Highly organized, detail Oriented and self-motivated
Strong writing, communication and analytical skills
EDUCATION EXPERIENCE
Bachelor’s Degree Required; (Masters in a related field is preferred)
Qualifications
It is the policy of RiseBoro to provide equal employment opportunity to all employees and applicants for employment. No individual will be discriminated against on the basis of race, color, age, creed, religion, national origin, citizenship status, political or union affiliation, marital or partnership status, sex, sexual orientation or affectional preference, gender identity, familial status, genetic information or predisposition or characteristic, disability, status as a victim of domestic violence, status as a veteran or member of the U.S. military and related obligations, or any other characteristic protected by law. This policy applies to all terms and conditions of employment, including but not limited to, recruitment, hiring, job placement, compensation, benefits, training and apprenticeship, employee development, promotion, demotion, discipline, transfer, lay-off and recall, and termination. RiseBoro makes reasonable accommodations based on religion and/or disability as required by law, and requests for accommodation are to be directed to the Human Resources Department.