EAFF Asset Management Analyst

POSITION SUMMARY

The Asset Management Analyst supports the Asset Management team in overseeing a growing portfolio of affordable multifamily communities, primarily Low-Income Housing Tax Credits (LIHTC) communities. The Analyst tracks property performance against budgets and underwriting, monitors lease-up and permanent loan conversion into stabilization, supports compliance with lender, investor and agency requirements, and helps turn data into recommendations that improve cash flow and protect long-term asset value.

Elmington Affordable is comprised of multiple locations and lines of business that are operated as their own living, breathing corporation. They have income and expenses, debt and a bottom line - all of which we will look to you to help optimize through your role. Along with this responsibility comes a very high level of expectations. We are asking you to be an integral part of a multi-million dollar company. At Elmington, you will be pushed to Forget The Ordinary & Think Like an Owner. Every day.

To be an effective Elmington teammate, you will need to:

Have a great attitude

Have high expectations

Think BEYOND the box

Work with passion

Have a tireless work ethic

Be confident

Be self-sufficient and self-motivated

Take pride in your work

Be a good listener

Offer a solution to every problem

Go above and beyond for everyone you support

KNOWLEDGE/SKILLS/ABILITIES

• Advanced Excel skills (lookups, pivot tables, financial modeling, AI integration)
• Ability to read and analyze property financial statements and budgets
• Comfort reading legal and financing documents (partnership agreements, loan documents, regulatory agreements)
• Strong attention to detail and organization; able to manage multiple properties and deadlines
• Clear written and verbal communication with internal teams and outside partners
• Self-starter who follows through on open items without close supervision and suggests the next step
• Familiarity with LIHTC, affordable housing programs or multifamily real estate preferred but not required

ESSENTIAL JOB FUNCTIONS

• Review monthly property financials and operating reports; prepare variance analysis against budget and underwriting, and flag issues for follow-up with property management.
• Track lease-up velocity, occupancy and delivery dates against the underwriting pro forma; maintain the portfolio lease-up tracker.
• Monitor milestones tied to stabilization, permanent loan conversion and equity installments (e.g., occupancy and debt service coverage tests).
• Support compliance with LIHTC, state housing finance agency, lender and investor requirements, including utility allowance renewals, annual reporting and agency correspondence.
• Gather and organize documents for lender, investor and agency requests (e.g., tax exemption confirmations, insurance evidence, escrow items).
• Assist with annual operating budgets, identifying income and expense trends across the portfolio.
• Support the Development team with operating income and expense analysis for new deal underwriting, drawing on actual portfolio performance.
• Build and maintain reports and dashboards on portfolio performance; help improve the team's reporting systems and processes.
• Summarize key terms from partnership agreements, loan documents and regulatory agreements into property reference materials.
• Collaborate with property management, accounting, development and finance on cross-departmental projects.

SPECIFIC EDUCATION OR EXPERIENCE

Bachelor's degree in finance, accounting, economics, real estate or a related field, or equivalent experience

1–3 years of experience in real estate, asset management, financial analysis or similar preferred

PHYSICAL DEMANDS AND WORK ENVIRONMENT

• Ø Frequently sit, stand and walk
• Ø Regularly required to talk or hear
• Ø Frequently required to use hands or fingers to handle or feel objects, tools or controls
• Ø Occasionally required to climb or balance, stoop, kneel, crouch or crawl.
• Ø Occasionally lift and/or move up to 25 pounds
• Ø Vision abilities to include close vision, distance vision, peripheral vision and the ability to adjust focus
• Ø The noise level in the work environment is usually moderate
• Ø Temperature in the workplace is typically moderate

TRAVEL REQUIREMENTS

Less than 10% of the time for trips to new developments for lease up analysis, ribbon cuttings, etc.

The Elmington Experience

We’re creating a different kind of company at Elmington. We promise we will never be ordinary, which we hope you can see by this job description. There will be many days you simply aren’t comfortable. You will be pushed to accomplish more than you ever thought possible. You will be challenged by your team leader and your peers to achieve more and to find better ways. With that said, we know Elmington is not for everyone. BUT, if you believe in yourself, enjoy a challenge and appreciate working with exceptional people, then Elmington could very well be the last company you ever work for.

#ECORP