Asset Manager - Mosaic Development Group

Job Description

Ask Yourself?

Are you a strategic, results-oriented Asset Manager looking to make a meaningful difference while deepening your expertise across both affordable and market-rate housing? We're seeking a passionate professional to join our team in a dynamic role that balances strong financial stewardship with a commitment to housing equity and long-term community stability.

In this unique position, you'll play a critical role in overseeing the long-term stability of low-income housing properties as well as the successful lease up, stabilization and sale of market-rate apartment communities. Whether you bring expertise in one or both segments, this opportunity offers a chance to broaden your scope, lead with purpose, and help ensure that quality housing is accessible, stable, and financially sound.

If you're motivated by mission and driven by results-and want your work to matter both on the balance sheet and in people's lives-this role could be your next great move.

Who?

With a nearly 60-year history, Mosaic has established a strong reputation as a mission-driven and award-winning nonprofit developer, owner, and operator of affordable housing across North Carolina. With deep roots in community-focused development, Mosaic has long believed that high-quality housing can change lives and strengthen neighborhoods. As the organization enters an exciting new phase, it is bringing renewed energy and creativity to its work including expanding into market-rate development as a strategic way to further its mission and broaden its impact.

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What Will You Do as Mosaic Development Group Asset Manager?

Mosaic is seeking a dynamic, mission-driven individual with market rate and/or low-income housing experience who wants to use their skills and experience in service to those in need. In addition to overseeing the long-term performance of Mosaic's portfolio of low-income apartment complexes across North Carolina, the Asset Manager will be responsible for maximizing the value of newly constructed market rate multifamily communities, including the operational, financial, lease-up, and exit strategy execution. Working closely with 3rd party property management companies, the successful candidate will ensure Mosaic properties, including market rate, low-income housing tax credit, and supportive housing developments, are financially viable, remain in compliance and adhere to the organization's high physical standards. In concert with the Real Estate Development and Finance Departments, this position plays a critical part in the planning, development, preservation, and disposition of affordable and market rate housing. Primary responsibilities include but are not limited to the following.

Work with third party property management, partners, and investors to develop annual budgets and provide audit reviews.

Analyze all monthly financial statements and rent roll reports to evaluate financial health, optimization, and long-term viability.

Evaluate and recommend appropriate action regarding anticipated repairs and capital expenditures and ensure compliance with relevant investor and lender requirements.

Attend all compliance and investor project site visits, conduct field inspections, review property management systems, and provide technical assistance.

Develop and manage asset-level business plans focused on rent growth (market rate assets only), lease-up velocity, expense control, and operational efficiencies.

Track performance metrics such as occupancy, absorption, effective rents, leasing traffic, and marketing conversion.

Conduct hold/sell analyses and participate in the disposition strategy, including broker selection, pricing, and marketing process.

Prepare and present internal and external reporting packages to partners, lenders, and investors.

Analyze submarket trends and competitive properties to position assets effectively.

Evaluate the ROI of capital enhancements and amenity packages that support value creation prior to sale.

Act as liaison to property management firms, partners, and investors for each project.

Ensure 3rd party regional managers and site staff comply with all contractual obligations including operating agreements, partnership agreements, management agreements and lender requirements.

Coordinate with development and construction teams during the transition from construction to operations.

Evaluate and report on property management's performance and solicit proposals for management services as needed.

A

Full-time