Senior Associate, Asset Management

Job Description

THE COMPANY

Standard Communities is a leading owner, investor, and developer of affordable and middle-income housing. As one of the largest owners of affordable housing in the U.S., we believe housing is a pathway to prosperity. We deliver high-quality, sustainable homes that foster community and offer our 75,000+ residents the opportunity to build brighter futures.

With over $6 billion in assets under management and a portfolio of nearly 30,000 units across 200 properties in 22 states + Washington, D.C., our team blends nationwide scale with local expertise. As a Certified B Corporation and California Benefit Corporation, we value high performance, social responsibility, and innovation. Headquartered in Los Angeles and New York, with offices across the country, we’re driven by a shared mission: to transform housing, empower residents, and strengthen communities. We don’t just build housing—we build opportunities. If you’re passionate about real estate, community impact, and professional growth, we’d love to hear from you.

At Standard Communities, we value urgency in execution, precision in our work, and empathy in our interactions. These core principles guide us in how we build, collaborate, and grow together.

THE POSITION

Reporting to the Vice President, Asset Management, the Sr. Associate, Asset Management, is our main liaison between ownership and 3rd party property management. The primary objective of this role is to manage all operational aspects of the portfolio’s assets, drive excellence in asset performance, and business plan execution.

What You Can Expect To Do

Assist with driving asset performance, generate and execute strategic asset plans; strategically manage property cash flow, and major repair and maintenance capital improvements.

Develop a thorough understanding of each property and its challenges, assess implementation of strategic initiatives, assess operational and management performance, and identify opportunities for improvement.

Coordinate and manage strategic capital improvement plans carried out by general contractors and third-party vendors.

Forge strong relationships with operating partners to proactively work through challenges and communicate concerns up internal and external chains of command when expectations are not being met.

Analyze and ensure the integrity of monthly and quarterly property-level financial statements vs. budget or proforma.

Creation and implementation of annual operating and capital budgets.

With the support of our Compliance team, monitor compliance requirements and deadlines across multiple government agencies and programs.

Maintain terms of partnership agreements, loan documents, regulatory agreements and various property agreements.

Coordinate communications and manage requests from investors, lenders, governmental agencies, and other stakeholders.

Support our Construction Services and Acquisitions teams with ad-hoc coordination and communication as needed.

Conduct frequent physical inspections of each asset and its competitive market in the portfolio.

What You Should Have

Bachelor’s degree required, preferably in Business, Finance, Real Estate, or related fields

3-5 years of experience with real estate asset management and finance

Operational experience with financial reporting and managing equity investments, in essential housing

Strong analytical skills, with the ability to evaluate complex data and present solutions

Effective communication and presentation skills to work effectively with and present to a broad range partners, agencies and third-party managers

Ambition, a strong desire to learn, to achieve, a history of career advancement

Organizational skills; the ability to manage your time, focus and communicate with clarity

A sense of urgency, an internal clock that helps you move with purpose and meet deadlines

Proficiency in Microsoft Excel and Word

The ability to travel as needed

What You Should Be

Curious and ambitious by nature; a highly motivated person who’s not afraid to ask questions.

An independent self-starter; you don’t wait around too long looking for directions from others.

Highly accountable; you take ownership, follow-through, meet deadlines, and care about the quality of your work product.

A world-class communicator, or rapidly becoming one.

Able to work collaboratively in a small team environment; willingness to “roll up your sleeves” and pitch in when and where necessary.

Ready to work in a fast-paced environment and be part of an amazing team doing valuable work.

At this time, Standard Communities is not able to sponsor a new applicant for employment authorization for this position.

Standard Communities is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. All employment is decided on the basis of qualifications, merit, and business need.

Full-time