Bear Real Estate Group
Real Estate Asset Manager
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REAL ESTATE ASSET MANAGER
role at
Bear Real Estate Group
The Asset Manager position functions as part of both asset and finance management teams and works directly with third‑party management representatives who oversee Bear Real Estate Group’s owned assets. The role monitors, evaluates, and supports portfolio key performance tracking, acting as a liaison to ensure third‑party performance meets expectations and financial metrics. Responsibilities include communication with lenders, investors, the U.S. Department of Housing and Urban Development (“HUD”), contract administrators, and owners. The Asset Manager must have experience with LIHTC, HUD, Section 42, PBV, RAD, Section 8, and other relevant housing programs or state agencies. Expertise in compliance policies is required, with the ability to enforce compliance and manage risk, inspections, audits, and asset performance.
Duties and Responsibilities
Serve as the owners’ representative for all multifamily properties managed by third‑party property management companies, including properties with HUD Sections 8 and LIHTC oversight.
Monitor outcomes of HUD and LIHTC reviews (e.g., MORs, NSPIRE inspections, and HUD/CA audits) and ensure corrective actions are completed by management agents.
Track and monitor all Section 8 HAP contracts for annual renewals to ensure timely action.
Oversee annual rent adjustment processes for Section 8 HAP contracts, ensuring property management companies follow HUD protocols for rent increases, utility analyses, and utility allowance implementation.
Analyze operating performance versus approved operating budgets to identify risks or variances and escalate concerns.
Collaborate with ownership and investors on HUD and LIHTC compliance and performance updates.
Oversee replacement reserve funding, replacement planning, and capital expenditure needs across sites.
Develop performance benchmarks and hold management companies accountable through scorecards, KPIs, and contract reviews.
Provide recommendations to ownership regarding property management company contract renewals, corrective actions, and performance issues.
Evaluate key performance indicators (KPIs), including occupancy, rent growth, expense control, and delinquency.
Benchmark performance against internal portfolios and industry standards.
Qualifications
Ability to work collaboratively and independently on multiple projects.
Excellent interpersonal, written, and oral communication skills.
Problem‑solving skills using internal and external resources.
Advanced skills in Microsoft Excel and real estate investment management software (Real Page Asset Management, Power BI, or Revenue Management) are a plus.
Bachelor’s degree in business, finance, real estate, or a related field.
5+ years of experience in multifamily housing, with specific experience in LIHTC and HUD multifamily housing asset management.
Knowledge of HUD 4350.3, RAD PBRA/PBV, Section 8 programs, MORs, NSPIRE inspections, and HUD contract management (HAP/CHAP, rent adjustments, OCAF).
Experience overseeing or working with third‑party management companies.
Strong financial analysis, reporting, and communication skills.
Industry certifications (COS, HCCP, CPM, BOMS, or similar) preferred.
The above is intended to describe the general content and requirements for this job. It is not to be construed as an exhaustive statement of duties, responsibilities, or physical requirements. Management reserves the right to assign or reassign duties as needed.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Bear Real Estate Group is proud to be an Equal Employment Opportunity and Affiliated Action employer. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.
Seniority Level Mid‑Senior level
Employment Type Full‑time
Job Function Finance and Sales
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REAL ESTATE ASSET MANAGER
role at
Bear Real Estate Group
The Asset Manager position functions as part of both asset and finance management teams and works directly with third‑party management representatives who oversee Bear Real Estate Group’s owned assets. The role monitors, evaluates, and supports portfolio key performance tracking, acting as a liaison to ensure third‑party performance meets expectations and financial metrics. Responsibilities include communication with lenders, investors, the U.S. Department of Housing and Urban Development (“HUD”), contract administrators, and owners. The Asset Manager must have experience with LIHTC, HUD, Section 42, PBV, RAD, Section 8, and other relevant housing programs or state agencies. Expertise in compliance policies is required, with the ability to enforce compliance and manage risk, inspections, audits, and asset performance.
Duties and Responsibilities
Serve as the owners’ representative for all multifamily properties managed by third‑party property management companies, including properties with HUD Sections 8 and LIHTC oversight.
Monitor outcomes of HUD and LIHTC reviews (e.g., MORs, NSPIRE inspections, and HUD/CA audits) and ensure corrective actions are completed by management agents.
Track and monitor all Section 8 HAP contracts for annual renewals to ensure timely action.
Oversee annual rent adjustment processes for Section 8 HAP contracts, ensuring property management companies follow HUD protocols for rent increases, utility analyses, and utility allowance implementation.
Analyze operating performance versus approved operating budgets to identify risks or variances and escalate concerns.
Collaborate with ownership and investors on HUD and LIHTC compliance and performance updates.
Oversee replacement reserve funding, replacement planning, and capital expenditure needs across sites.
Develop performance benchmarks and hold management companies accountable through scorecards, KPIs, and contract reviews.
Provide recommendations to ownership regarding property management company contract renewals, corrective actions, and performance issues.
Evaluate key performance indicators (KPIs), including occupancy, rent growth, expense control, and delinquency.
Benchmark performance against internal portfolios and industry standards.
Qualifications
Ability to work collaboratively and independently on multiple projects.
Excellent interpersonal, written, and oral communication skills.
Problem‑solving skills using internal and external resources.
Advanced skills in Microsoft Excel and real estate investment management software (Real Page Asset Management, Power BI, or Revenue Management) are a plus.
Bachelor’s degree in business, finance, real estate, or a related field.
5+ years of experience in multifamily housing, with specific experience in LIHTC and HUD multifamily housing asset management.
Knowledge of HUD 4350.3, RAD PBRA/PBV, Section 8 programs, MORs, NSPIRE inspections, and HUD contract management (HAP/CHAP, rent adjustments, OCAF).
Experience overseeing or working with third‑party management companies.
Strong financial analysis, reporting, and communication skills.
Industry certifications (COS, HCCP, CPM, BOMS, or similar) preferred.
The above is intended to describe the general content and requirements for this job. It is not to be construed as an exhaustive statement of duties, responsibilities, or physical requirements. Management reserves the right to assign or reassign duties as needed.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Bear Real Estate Group is proud to be an Equal Employment Opportunity and Affiliated Action employer. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.
Seniority Level Mid‑Senior level
Employment Type Full‑time
Job Function Finance and Sales
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