Asset Manager
Asset Manager
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Job Description
Position Description
Seattles Office of Housing works to build strong healthy communities and increase opportunities for people of all income levels to live in our city. Our initiatives help stimulate housing development allowing families to thrive and neighborhoods to provide a full range of housing choices and opportunities. A critical part of supporting this mission is to monitor the long-term sustainability and affordable housing compliance of the City of Seattles investment in multifamily rental projects that receive direct capital investment. The Office of Housing is currently seeking an Asset Manager for this body of work.
Job Responsibilities
Under the supervision of the Asset Management Division Manager this position will assist in overseeing the Citys direct investment in affordable multifamily housing rental projects.
Your responsibilities will include:
- Physical Inspections:
- Perform annual inspections of multifamily rental housing properties as assigned assessing current physical conditions and the long-term sustainability of the properties.
- Summarize inspection results and transmit findings to the owner for follow-up and any resolution of open items.
- Regulatory Compliance:
- Evaluate city-funded affordable multifamily rental projects to evaluate compliance with City loan and regulatory requirements and any corresponding federal funding requirements.
- Review all data submitted through the web-based reporting system (WBARs) and all supplemental information for accuracy and compliance.
- Document findings and prepare follow-up correspondence and notices of corrective action as needed.
- Transactional Review:
- Develop an understanding of the Citys loan and regulatory agreements to inform and execute legal transactions including project refinances modifications to loan and regulatory terms transfer of ownership and Year-15 low income housing tax credit transactions.
You will be successful in this role if you possess a combination of the following:
- Knowledge and Experience:
- Affordable multifamily housing development and redevelopment activities including public financing utilization of low-income housing tax credit and bond financing.
- Affordable housing management asset management subsidy programs quality control and compliance.
- Computer literacy including Word Excel databases group email and scheduling programs.
- Conducting building inspections including climbing stairs and ladders.
- Skills:
- Excellent organizational and communication skills including both verbal and written skills.
- Strong analytical skills including problem-solving and conflict management.
- Planning organizing directing and coordinating the work of assigned personnel.
- Excellent interpersonal and negotiation skills.
- The Ability to:
- Demonstrate a passion for Office of Housing vision/mission and strong commitment to Seattle Race & Social Justice Initiative
- Prepare clear and comprehensive written reports on technical and administrative matters.
- Work effectively with team members coworkers industry colleagues building owners/managers and community contacts.
- Assess financial and operational performance of rental properties.
- Take initiative work well independently and use reliable judgment in dealing with difficult situations.
- Interpret and apply applicable local and federal housing laws including Fair Housing and Landlord Tenant laws.
- Physical Inspections:
Qualifications
In addition to the qualities mentioned above you will need to possess the below required qualifications (or a combination of education and/or experience and/or training which provides an equivalent background required to perform the work of the class):
- Two years of progressively responsible experience in planning real estate research architecture program management affordable housing community redevelopment or a related field
- Bachelors Degree in business or public administration urban planning architecture or a related field
OR- Three years of progressively responsible experience in planning real estate research architecture program management affordable housing community redevelopment or a related field
- Associate Degree in business or public administration urban planning architecture or a related field
OR- Four years of progressively responsible experience in planning real estate research architecture program management affordable housing community redevelopment or a related field
Additional Information
This civil service position is classified as a Community Development Specialist and is eligible for overtime.
Schedule: This position is a hybrid position with employees expected to work in person 3 days a week and 2 days a week remotely. The employee in this position will periodically be required to travel to meetings perform site visits and perform other responsibilities away from your primary work location.
Salary: The full salary range for this step-progression position is $45.74 - $53.27 per hour. New employees begin at Step 1 of the pay progression which is $45.74 hourly. Current City employees starting rate of pay will be based on the Personnel Rules regarding promotions.
Benefits: The City of Seattle offers a comprehensive benefits package including vacation holiday and sick leave as well as medical dental vision life and long-term disability insurance for employees and their dependents. More information about employee benefits is available on the Citys website at: Check: Applicants must successfully pass a background check which will be conducted in accordance with Seattles Fair Chance Employment Ordinance SMC 14.17. Applicants will be given a chance to explain or correct background information and provide verifiable information of good conduct and rehabilitation.
Driving License Record Review: The successful candidate will be required to provide a WA drivers license abstract.
Hiring Timeline:We anticipate conducting the first and second rounds of interviews during the second and third weeks of October 2025. Our goal is to have the selected new hire start in November 2025.
Accommodations: Individuals with disabilities will be provided reasonable accommodations to participate in the job application or interview process perform essential job functions and receive other benefits and privileges of employment. Please eamil to request accommodation.The City of Seattle recognizes every City employee must play a role in ending institutional and structural racism. Our culture is the result of our behavior our personal commitments and the ways we courageously share our perspectives and encourage others to do the same. To cultivate an antiracist culture we seek employees who will engage in theRace and Social Justice Initiative by working to dismantle racist policies and procedures unlearn the way things have always been done and provide equitable processes and services.
APPLICATION PROCESS:
To be considered for this position you must submit your complete application attaching a resume and cover letter at no later than4:00 PM Pacific Time on Tuesday September 16 2025.
Who May Apply: This position is open to all applicants who meet the minimum qualifications. The City of Seattle values diverse perspectives and life experiences. Applicants will be considered regardless of race color creed national origin ancestry sex marital status disability religious or political affiliation age sexual orientation or gender identity. The City encourages people of all backgrounds to apply including people of color immigrants refugees women LGBTQ individuals people with disabilities veterans and those with diverse life experiences.For questions please contact Sandra Wong at .
Required Experience:
Manager
Employment Type
Full-Time
