Ask Yourself?

Are you a strategic, results-oriented Asset Manager looking to make a meaningful difference while deepening your expertise across both affordable and market-rate housing? We’re seeking a passionate professional to join our team in a dynamic role that balances strong financial stewardship with a commitment to housing equity and long-term community stability.

In this unique position, you’ll play a critical role in overseeing the long-term stability of low-income housing properties as well as the successful lease up, stabilization and sale of market-rate apartment communities. Whether you bring expertise in one or both segments, this opportunity offers a chance to broaden your scope, lead with purpose, and help ensure that quality housing is accessible, stable, and financially sound.

If you're motivated by mission and driven by results—and want your work to matter both on the balance sheet and in people’s lives—this role could be your next great move.

Who?

With a nearly 60-year history, Mosaic has established a strong reputation as a mission-driven and award-winning nonprofit developer, owner, and operator of affordable housing across North Carolina. With deep roots in community-focused development, Mosaic has long believed that high-quality housing can change lives and strengthen neighborhoods. As the organization enters an exciting new phase, it is bringing renewed energy and creativity to its work including expanding into market-rate development as a strategic way to further its mission and broaden its impact.

Want to know more, visit www.mosaicdevelopmentgroup.org.

What Will You Do as Mosaic Development Group Asset Manager?

Mosaic is seeking a dynamic, mission-driven individual with market rate and/or low-income housing experience who wants to use their skills and experience in service to those in need. In addition to overseeing the long-term performance of Mosaic’s portfolio of low-income apartment complexes across North Carolina, the Asset Manager will be responsible for maximizing the value of newly constructed market rate multifamily communities, including the operational, financial, lease-up, and exit strategy execution. Working closely with 3^rd party property management companies, the successful candidate will ensure Mosaic properties, including market rate, low-income housing tax credit, and supportive housing developments, are financially viable, remain in compliance and adhere to the organization’s high physical standards. In concert with the Real Estate Development and Finance Departments, this position plays a critical part in the planning, development, preservation, and disposition of affordable and market rate housing. Primary responsibilities include but are not limited to the following.

• Work with third party property management, partners, and investors to develop annual budgets and provide audit reviews.
• Analyze all monthly financial statements and rent roll reports to evaluate financial health, optimization, and long-term viability.
• Evaluate and recommend appropriate action regarding anticipated repairs and capital expenditures and ensure compliance with relevant investor and lender requirements.
• Attend all compliance and investor project site visits, conduct field inspections, review property management systems, and provide technical assistance.
• Develop and manage asset-level business plans focused on rent growth (market rate assets only), lease-up velocity, expense control, and operational efficiencies.
• Track performance metrics such as occupancy, absorption, effective rents, leasing traffic, and marketing conversion.
• Conduct hold/sell analyses and participate in the disposition strategy, including broker selection, pricing, and marketing process.
• Prepare and present internal and external reporting packages to partners, lenders, and investors.
• Analyze submarket trends and competitive properties to position assets effectively.
• Evaluate the ROI of capital enhancements and amenity packages that support value creation prior to sale.
• Act as liaison to property management firms, partners, and investors for each project.
• Ensure 3^rd party regional managers and site staff comply with all contractual obligations including operating agreements, partnership agreements, management agreements and lender requirements.
• Coordinate with development and construction teams during the transition from construction to operations.
• Evaluate and report on property management’s performance and solicit proposals for management services as needed.
• Advise on operational expense projections and recommended rental rates for proposed projects during development process.
• Secure insurance coverage during development and stabilized operating periods.
• In concert with 3^rd party property management, coordinate marketing and lease-up activities for projects being placed in service.
• Low-Income Housing Specific Portfolio Responsibilities:

• • Ensure Annual Certificate of Continued Compliance for LIHTC projects, and the Annual Owner Certification for SHDP projects are filed timely with the NCHFA.
  • Serve as Secretary and/or Treasurer for Managing Member entities and create and maintain the minutes of meetings of the entities.
  • Complete and submit Targeting Plans for projects as required by the NCHFA QAP.

Key Lived Experiences, Attributes and Skillsets of the Asset Manager

• Bachelor’s degree in Real Estate, Finance, Business, or related field. Advanced degree or certification (MBA, MRED, CFA) preferred.
• 3–7 years of experience in multifamily asset management, ideally with proven ability to manage lease-up of assets with a sharp focus on value creation and aligning timing of exits to market conditions, as well as familiarity with regulations related to low-income housing including tax credits, HUD regulations, and rental voucher programs.
• Strong financial and analytical skills, including proficiency in Excel and basic real estate modeling.
• Familiarity with Yardi, RealPage, or other property management systems a plus.
• Proficiency with Microsoft Office suite.
• Excellent communication and stakeholder management abilities.
• Ability to work with and understand the needs of people with a variety of ethnic and economic backgrounds.
• Careful attention to detail, excellent organizational skills, problem solving ability, and extensive record keeping.
• Ability to travel to sites throughout North Carolina and beyond is essential.
• Preferred certifications or designations include but are not limited to:
  • C3P – Certified Credit Compliance Professional (Spectrum Seminars or equivalent)
  • CCIM – Certified Commercial Investment Member (CCIM Institute)
  • CPM – Certified Property Manager (IREM)
  • HCCP – Housing Credit Certified Professional (NAHB)
  • NCP – National Compliance Professional (Housing Credit College)
  • SCHM – Specialist in Housing Credit Management (NAHMA)
  • TaCCS – Tax Credit Compliance Specialist (Quadel)
  • TCS – Tax Credit Specialist (National Center for Housing Management)

Why Mosaic Development Group?

Since 1966, Mosaic Development Group has been committed to building stronger communities by developing more than 4,200 units of high-quality affordable housing across North Carolina—housing that has provided a stable foundation for more than 26,500 families, seniors, and individuals with special needs. Mosaic is entering an exciting new chapter of growth and innovation. Rooted in the belief that well-designed, affordable housing is essential to vibrant, inclusive communities, Mosaic is looking for passionate team members who want to help shape the organization's future and deepen its impact. This is a unique opportunity to join a mission-driven organization at a pivotal moment—where your contributions will not only support our vision that everyone deserves a place to call home, but also influence the direction of our next generation of development.

Think you are the next Mosaic Development Group Asset Manager?

To apply, click on the link to the Mosaic – Asset Manager position profile at ArmstrongMcGuire.com/jobs. You will see instructions for uploading your compelling cover letter, resume, salary requirements, and professional references. Please provide all requested information to be considered. In case of any technical problems, contact talent@armstrongmcguire.com. No phone calls, please, and no applications will be accepted by email or directly from third-party posting sites.

Salary is commensurate with experience and is in the $95,000 range. This is a full-time, hybrid position. Mosaic Development Group’s benefits package includes health insurance, vacation based on length of employment, 403(b) retirement plan with 3% matching contribution, dental insurance, life insurance, disability insurance and vision insurance.

In order to provide equal employment and advancement opportunities to all individuals, employment decisions by Mosaic will be based on merit, qualifications, and abilities. Mosaic Development Group does not discriminate in employment opportunities or practices on the basis of race, color, national origin, sex, marital status, sexual orientation, age, religion, qualified veteran status, or qualified physical or mental disability that may be accommodated. Mosaic Development Group’s equal employment opportunity philosophy applies to all aspects of employment, including recruitment, training, promotion, transfer, job benefits, pay, and dismissal.