SOLA IMPACT
Associate Director of Asset Management
SOLA IMPACT, Los Angeles, California, United States, 90079
SoLa Impact is seeking an Associate Director of Asset Management. This role reports to the Chief Operating Officer and offers a base pay range of $125,000 - $175,000 per year, plus discretionary bonus.
Job summary
At SoLa, we dont just manage assets; we maximize impact. The Associate Director of Asset Management is a force multiplier, blending financial precision with street-smart strategy to accelerate returns, unlock untapped value, and fuel SoLas mission of building generational wealth in historically underserved communities. This role involves hands-on analysis of property performance, cash flow patterns, and financial storytelling to influence high-stakes decisions. You will address margin leakage, optimize rent strategies and CapEx deployment, and shape the trajectory of a $B+ social impact portfolio. You will lead with numbers while collaborating with the Chief Operating Officer across Acquisitions, Development, Finance, and Property Management to connect operational realities with financial outcomes. You will build tools, surface trends, and solve problems before they appear on a spreadsheet. When lenders, equity partners, or consultants come calling, youll translate insight into confidence. About the company
SoLa Impact is an award-winning social impact, development, and investment company focused on creating high-quality affordable housing. We have raised nearly $500 million in equity and deployed well over $1.5 billion toward addressing the housing crisis in Los Angeles and Southern California. We are committed to socioeconomic change through sustainable, dignified living environments and community empowerment. Our Beehive hub supports local entrepreneurs and neighborhood revitalization. We believe socioeconomic advancement is a right and strive to make this vision a reality. Essential duties
Support day-to-day asset performance by monitoring financial results, analyzing variances, and assisting in resolving cash flow discrepancies Coordinate with CMBS servicers and capital market partners by tracking key metrics and preparing reporting deliverables Contribute to NOI growth through identifying operational inefficiencies, revenue opportunities, and cost-saving measures Build and maintain reporting models and dashboards to track asset performance and provide insights for decision-making Serve as a financial resource for assigned assets, partnering with property managers, leasing teams, and finance to align operations with financial targets Conduct periodic property visits to assess conditions, gather operational insights, and address performance issues Collaborate with Acquisitions, Development, and Capital Markets to support asset-level benchmarks and portfolio strategies Assist in managing capital expenditure projects by tracking budgets, monitoring ROI, and ensuring alignment with asset plans Participate in special projects such as asset optimization initiatives, refinancing analyses, and re-forecasting exercises Education & Experience
Bachelors degree in Finance, Real Estate, Business, or related field 5-8+ years in asset management, ideally in multifamily or mixed-use portfolios Deep experience in financial analysis, forecasting, and troubleshooting discrepancies in financial statements Exceptional Excel skills; experience with Argus, Yardi, and Google Suite preferred Comfortable operating independently, focused on execution and analysis Strong understanding of real estate operations, capital planning, and budgeting Resourceful, intellectually curious, and results-driven Alignment with our mission and commitment to excellence in real estate operations Skills & Abilities
Strong analytical skills with a sharp eye for cash flow anomalies, financial variances, and reporting inconsistencies Deep fluency in real estate financials, including NOI, IRR, rent rolls, P&L statements, T-12s, and capital stack structures Ability to build robust property- and portfolio-level models to support strategic decision-making Proficient in financial forecasting and variance analysis, with ability to trace discrepancies to root causes Able to distill complex financial data into actionable insights for internal stakeholders and external partners Advanced knowledge of value creation levers such as rent growth, expense optimization, and CapEx planning Experience monitoring KPIs to assess operational performance and market competitiveness Familiar with lease audits, cost recovery models, and operating expense benchmarking Proficient with asset management tools/software, including Yardi, Argus, and GSuite Collaborative and cross-functional, with experience working across Acquisitions, Development, Property Management, and Finance, as well as with lenders, escrow, and consultants Benefits
We offer a work environment that supports learning and growth, with a culture that values quality, integrity, trust, and accountability. We are looking to hire as soon as possible. Local candidates to Los Angeles are preferred as relocation assistance is not provided. All qualified candidates will be contacted. SoLa Impact is an Equal Opportunity Employer. We do not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, disability, national origin, veteran status, or any other basis protected by law. Employment decisions are based on qualifications, merit, and business need. Disclaimer: SoLa Impact conducts thorough background checks following an offer letter extension. We are committed to integrity throughout our hiring process. Ensure information provided in your resume and application is accurate. Seniority level
Director Employment type
Full-time Job function
Management
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At SoLa, we dont just manage assets; we maximize impact. The Associate Director of Asset Management is a force multiplier, blending financial precision with street-smart strategy to accelerate returns, unlock untapped value, and fuel SoLas mission of building generational wealth in historically underserved communities. This role involves hands-on analysis of property performance, cash flow patterns, and financial storytelling to influence high-stakes decisions. You will address margin leakage, optimize rent strategies and CapEx deployment, and shape the trajectory of a $B+ social impact portfolio. You will lead with numbers while collaborating with the Chief Operating Officer across Acquisitions, Development, Finance, and Property Management to connect operational realities with financial outcomes. You will build tools, surface trends, and solve problems before they appear on a spreadsheet. When lenders, equity partners, or consultants come calling, youll translate insight into confidence. About the company
SoLa Impact is an award-winning social impact, development, and investment company focused on creating high-quality affordable housing. We have raised nearly $500 million in equity and deployed well over $1.5 billion toward addressing the housing crisis in Los Angeles and Southern California. We are committed to socioeconomic change through sustainable, dignified living environments and community empowerment. Our Beehive hub supports local entrepreneurs and neighborhood revitalization. We believe socioeconomic advancement is a right and strive to make this vision a reality. Essential duties
Support day-to-day asset performance by monitoring financial results, analyzing variances, and assisting in resolving cash flow discrepancies Coordinate with CMBS servicers and capital market partners by tracking key metrics and preparing reporting deliverables Contribute to NOI growth through identifying operational inefficiencies, revenue opportunities, and cost-saving measures Build and maintain reporting models and dashboards to track asset performance and provide insights for decision-making Serve as a financial resource for assigned assets, partnering with property managers, leasing teams, and finance to align operations with financial targets Conduct periodic property visits to assess conditions, gather operational insights, and address performance issues Collaborate with Acquisitions, Development, and Capital Markets to support asset-level benchmarks and portfolio strategies Assist in managing capital expenditure projects by tracking budgets, monitoring ROI, and ensuring alignment with asset plans Participate in special projects such as asset optimization initiatives, refinancing analyses, and re-forecasting exercises Education & Experience
Bachelors degree in Finance, Real Estate, Business, or related field 5-8+ years in asset management, ideally in multifamily or mixed-use portfolios Deep experience in financial analysis, forecasting, and troubleshooting discrepancies in financial statements Exceptional Excel skills; experience with Argus, Yardi, and Google Suite preferred Comfortable operating independently, focused on execution and analysis Strong understanding of real estate operations, capital planning, and budgeting Resourceful, intellectually curious, and results-driven Alignment with our mission and commitment to excellence in real estate operations Skills & Abilities
Strong analytical skills with a sharp eye for cash flow anomalies, financial variances, and reporting inconsistencies Deep fluency in real estate financials, including NOI, IRR, rent rolls, P&L statements, T-12s, and capital stack structures Ability to build robust property- and portfolio-level models to support strategic decision-making Proficient in financial forecasting and variance analysis, with ability to trace discrepancies to root causes Able to distill complex financial data into actionable insights for internal stakeholders and external partners Advanced knowledge of value creation levers such as rent growth, expense optimization, and CapEx planning Experience monitoring KPIs to assess operational performance and market competitiveness Familiar with lease audits, cost recovery models, and operating expense benchmarking Proficient with asset management tools/software, including Yardi, Argus, and GSuite Collaborative and cross-functional, with experience working across Acquisitions, Development, Property Management, and Finance, as well as with lenders, escrow, and consultants Benefits
We offer a work environment that supports learning and growth, with a culture that values quality, integrity, trust, and accountability. We are looking to hire as soon as possible. Local candidates to Los Angeles are preferred as relocation assistance is not provided. All qualified candidates will be contacted. SoLa Impact is an Equal Opportunity Employer. We do not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, disability, national origin, veteran status, or any other basis protected by law. Employment decisions are based on qualifications, merit, and business need. Disclaimer: SoLa Impact conducts thorough background checks following an offer letter extension. We are committed to integrity throughout our hiring process. Ensure information provided in your resume and application is accurate. Seniority level
Director Employment type
Full-time Job function
Management
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