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Position Summary: 

Horning is seeking a highly analytical and results-driven Sr. Asset Manager. The Asset Manager is responsible for maximizing the financial and operational performance of the company’s real estate portfolio. The portfolio consists of residential communities including project-based Section 8, LIHTC, Rent Control, NOAH, and market, as well as commercial retail properties. This role serves as a key liaison between ownership, property management, and other stakeholders, ensuring strategic goals are met while optimizing asset value.

Duties: 

Financial & Performance Oversight:

• Provide guidance and oversight on annual property budgets to internal property management team.
• Analyze financial statements, budget variances, and operational reports to provide concrete feedback to drive NOI growth.
• Collaborate with property management to identify revenue-enhancing and cost-saving opportunities.
• Develop and implement asset-level business plans, including repositioning, capital improvements, and refinancing strategies.
• Monitor market conditions and assess competitive positioning of each asset.

Collaboration & Stakeholder Management:

• Act as a bridge between ownership, property management, and other internal departments (development, finance, compliance).
• Partner with Regional Property Managers to ensure properties meet performance benchmarks.
• Work closely with accounting to ensure accurate financial reporting and forecasting.
• Hold property management team accountable for performance on behalf of owners.

Capital Planning & Execution:

• Develop and oversee capital improvement plans, ensuring alignment with long-term asset strategy.
• Track project timelines, budgets, and outcomes in coordination with property management and facilities teams.
• Evaluate and recommend capital investment strategies based on asset lifecycle needs.
• Manage 5-year capital planning, including tracking major projects, budget adherence, and project completion in collaboration with internal stakeholders.

Risk Management & Compliance:

• Ensure regulatory and lender compliance for each asset.
• Identify and mitigate potential risks that could impact asset value or performance.
• Oversee lease administration and ensure compliance with financing and investor requirements.
• Provide support with the property, liability and other insurance annual renewals.
• Manage and report on status of property insurance claim process with lenders while coordinating with other internal team members.

Reporting & Strategic Recommendations:

• Provide ownership and executives with periodic updates on asset performance and strategic recommendations.
• Prepare presentations and reports, including mid-year and year-end reports, for internal and external stakeholders.
• Utilize data and analytics to drive informed decision-making.
• Participate in portfolio analysis and strategic repositioning, working with brokers and market experts to recommend changes to the portfolio of assets.

Energy Management, Solar, and Building Energy Performance Standards (BEPS):

• Manage bulk energy purchasing contracts.
• Oversee production and submittal of annual benchmarking and third-party verification submissions.
• Coordinate with outside consultants and government agencies on funding opportunities for BEPS compliance.
• Manage SREC sales brokers.

Water Management:

• Oversee water consumption analysis and manage communications with DC Water Large Meter team.
• Ensure timely replacement of faulty meters and rectify estimated billing discrepancies.
• Evaluate strategies and technologies to identify water leaks at each property.
• Coordinate site team efforts to address high consumption units and repair leaks.

Other Duties: 

• Perform other duties as assigned. 

Minimum Qualifications and Requirements: 

• Experience: 7+ years in asset management, real estate finance, or property operations. with at least 3 years direct asset management experience. .
• Education: Bachelor's degree in business, finance, real estate, or a related field (MBA or relevant certifications preferred).
• Skills: Strong financial acumen, analytical mindset, oral and written communication, and ability to influence and drive results.
• Software: Proficiency in financial modeling, Yardi, Excel, and data visualization tools.
• Problem-Solving: Independent thinker with a curiosity, inquisitive nature, and sincere desire to stay abreast of new technologies and programs that drive efficiencies.

Horning is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to without regard to race, religion, color, national origin, sex, age, status as a protected veteran, status as a qualified individual with disability, or any other characteristic protected by applicable federal, state or local laws and ordinances.