Director of Asset Management

The mission of Jubilee Housing is building diverse, compassionate communities that create
opportunities for everyone to thrive. Since 1973, Jubilee has worked to provide high quality
affordable housing and holistic support to those experiencing persistent economic hardship in
the Adams Morgan and Columbia Heights neighborhoods of Washington D.C. Jubilee provides
affordable housing and services for approximately 600 people per year in ten properties and
associated programs that support community members as they pursue self-directed goals.
We understand our work to be about justice – for people who have been excluded from the
prosperity of our city, and for our city itself to become a more equitable and united
community. Our response is justice housing: deeply affordable housing, located in
neighborhoods where resources such as good schools, grocery stores, and public
transportation are readily accessible and near services that support residents as they pursue
educational and career attainment.

Jubilee currently has four properties totaling 120 units of deeply affordable housing under
development. Jubilee also manages two affordable housing funds that provide acquisition
financing for its projects.

POSITION DESCRIPTION:
The Director of Asset Management is primarily responsible for overseeing the financial
performance of Jubilee’s affordable housing and commercial real estate portfolio, as well as its
three affordable housing Funds. Key areas of responsibility include compliance, reporting and
analysis; reviewing performance of property operations; review of investment performance;
financial planning; and managing risks and opportunities. The role reports to the [CEO/Chief
Financial Officer] and works closely internally with the Director of Property Management, the
Director of Real Estate Development, as well as with banks, investors and government
partners.

SPECIFIC DUTIES:
• Create a Deal Book for all properties and respond to milestones
• Assure timely reporting to all third parties
• Monitor internal dash boards and recommend corrective action when needed
• Review of audits and tax returns and timely delivery to third parties
• Assess monthly operational performance
• Set annual budget goals
• Review short term cash flow and maximize waterfall opportunities
• Track property performance against original underwriting projections
• Establish/implement Year 15 and other refinance strategies
• Select and monitor third party contracts
• Manage life cycle activities for Funds
• Staff the Board’s asset management function

DESIRED QUALIFICATIONS:
• Advanced degree in real estate related program preferred
• Five years or more of direct responsibility for asset management of affordable housing
portfolios; for investment/loan funds, or comparable activity
• Strong quantitative skills and demonstrated experience overseeing financial
performance of properties and Funds
• Experience managing relationships with banks, investors, government partners
• Demonstrated integrity and reliability with fiduciary duties
• Smart, highly motivated, persistent problem solver
• Effective communicator and relationship manager, who can represent the organization’s
values

SALARY AND BENEFITS:
• Targeted salary range of $80,000-100,000, commensurate with experience
• Benefits include health, vision, and dental insurance, STD, LTD, and Life insurances, paid
vacation, sick leave, holidays, transportation stipend and a matched contribution
retirement plan.

BACKGROUND, REFERENCE CHECKS, AND DRUG SCREENING:
• Finalist(s) for this position will be subject to a drug screening and will be required to
consent to a pre-employment background and reference checks as a condition of
employment.

COVID-19:
• As a condition of employment, all external candidates must provide proof that you are
fully vaccinated from COVID-19, as of your first day of employment, unless a request for
an accommodation has been approved.
• "Fully vaccinated" means two (2) weeks have passed since your last dose of a two-dose
series or two (2) weeks after a single-dose vaccination.

To Apply:
Please email your resume, and a cover letter to Jilian Johnson at
jjohnson@jubileehousing.org. Also, please reference Director of Asset Management in the
subject line.

Jubilee Housing is an Equal Opportunity Employer

To Apply:
Please email your resume, and a cover letter to Jilian Johnson at
jjohnson@jubileehousing.org. Also, please reference Director,  Asset Management in the
subject line.