Director, Asset Management, Workouts

Enterprise Community Partners

Director of Asset Management focusing on workouts in affordable housing under Enterprise Community Development. Managing underperforming assets and driving stabilization strategies with a dedicated team.

Posted 5/1/2026full-timeBaltimore • Maryland • 🇺🇸 United StatesLead💰 $155,000 - $175,000 per yearWebsite

About the role

Key responsibilities & impact

Lead the identification, triage, and resolution of assets experiencing chronic cash flow deficits or operational distress
Develop, implement, and oversee property-specific action plans that result in property stabilization
Prepare and present recommendations to Senior Management
Find, investigate, and apply for project level grant or soft debt funding to help properties stabilize
Assist Transactions Team with dispositions and/or refinancings
Identify additional sources of ancillary income that can help a community stabilize
Manage, coach, and develop a team of workout-focused asset management professionals
Review and approve operating budgets, reforecasts, capital expenditure plans, and non-routine expenditures
Analyze financial statements, debt structures, reserve usage, and partnership arrangements
Partner with property management, development, compliance, and resident services teams to resolve complex asset challenges
Oversee site visits, physical needs assessments, inspection responses, and action plans
Oversee monthly, quarterly, and annual reporting for the workout portfolio
Prepare clear internal reporting and support lender, investor, and partner communications

Requirements

What you’ll need

7+ years of LIHTC/multifamily experience
3+ years of workout experience
5+ years of direct people management experience
Bachelor’s degree required; Finance, Accounting, Business, or Real Estate preferred
Master’s degree (MBA or MS Real Estate) or CPA strongly preferred
Demonstrated people leadership, sound judgment, and ability to operate effectively in high-pressure environments
Excellent verbal communication and business writing skills
Strong financial and analytical skills, including advanced proficiency in Microsoft Excel
Proficiency with Yardi
Ability to produce, review, and interpret real estate financial models and financial statements
Proven problem-solving, critical-thinking, and project management skills
Strong organizational skills with ability to coordinate complex activities, prioritize competing demands, and meet deadlines
Ability to interact professionally with a diverse group of associates, residents, and external partners
Demonstrated positive attitude, intellectual curiosity, and commitment to continuous improvement
Demonstrated commitment to ethics, professionalism, and collaboration; ability to build respectful, effective working relationships with internal and external stakeholders

Benefits

Comp & perks

Dental, health, and vision care plans
Family-building benefits such as adoption and surrogacy support
Flexible work arrangements to promote work-life balance
Health advocacy
Employee Assistance Program (EAP)
Mental health benefits
Financial education
Wellness programs
Auto-enrollment in the company’s 401(k) plan with employer matching contributions
Tuition reimbursement for job-related courses and certifications

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills & Tools

financial analysisbudgetingfinancial modelingcash flow managementgrant writingproject managementreal estate analysiscapital expenditure planningoperational distress resolutionancillary income identification

Soft Skills

people leadershipcommunication skillsproblem-solvingcritical thinkingorganizational skillsjudgmentcollaborationprofessionalismadaptabilitycontinuous improvement

Certifications

Bachelor's degreeMaster's degree (MBA or MS Real Estate)CPA