Affordable Housing Investments - Senior Asset Manager

At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients.

We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities.

Job Title: Affordable Housing Investments - Senior Asset Manager   

Corporate Title: Director

Department: Real Estate - Affordable Housing Investments

Location: New York City or Los Angeles or Chicago

Position Description
 

The individual will be tasked to lead asset management responsibilities for primarily multifamily properties, both debt and equity.  This includes working closely with other asset managers to closely monitor and report periodically on the overall debt and equity portfolio. This individual will also work closely with the underwriting team to assist with capital calls when transactions are ready to fund and manage the assets after funding. Working closely with internal and external partners to identify issues early on and work with their manager to propose viable solutions to address identified issues, when necessary. The position will require consistency of approach to solutions and managing the portfolio in a manner that minimizes negative impacts or losses. 

 Primary Responsibilities:

• Lead asset management for a diverse national portfolio of multifamily properties, ensuring optimal performance and compliance
• Asset manage LIHTC debt and equity transactions, applying deep understanding of program requirements and deal structures
• Monitor and analyze assets across debt and equity portfolios, driving informed decision-making
• Partner with loan servicing teams to collect and analyze property operating data
• Generate annual risk ratings and other portfolio performance summary reports
• Build strong relationships with external partners, developers, and operators, proactively requesting and evaluating property data to support strategic objectives
• Support capital call processes, ensuring timely and accurate execution of funding requirements
• Present to investment committee to communicate deal progress, surface critical issues, and support informed credit decisions
• Occasional travel may be required

Requirements:

• 8-10 years of commercial real estate debt experience in multifamily
• Bachelor's Degree in Real Estate or Finance
• Experience with both LIHTC debt and equity
• Knowledge of affordable and workforce housing industry including LIHTC is helpful but not required
• Solid understanding of Microsoft Word, PowerPoint and Excel
• Experience in portfolio construction lending is a plus  

Skills and Competencies:

• Proactive self‑starter with outstanding communication, analytical, and organizational strengths, adept at managing multiple priorities.
• Excels in team‑based environments while confidently driving work forward independently in a dynamic setting.
• Ability to build cohesive relationships that incorporates core values, builds trust and promotes a productive environment among teammates and within the overall Barings Real Estate platform
• Strong desire to learn and work collaboratively to help grow the Affordable Housing platform

#LI-CM1

Base Salary Range: $155,000- $210,000 and additional incentive compensation.

Barings is an equal opportunity employer, offering competitive compensation and a comprehensive benefit package including:

WELLNESS

• Medical and Prescription Coverage
• Dental Coverage
• Vision Coverage
• Wellness Program with incentive awards
• Gym/Fitness Center Reimbursement Subsidy Program
• Employee Assistance Program (EAP) and Telehealth

HSA & FSA

• Health Savings Account (HSA) with company contributions
• Flexible Spending Accounts (FSA) - Health Care & Dependent Care

TIME OFF & LEAVE

• Generous paid Vacation
• Paid Sick days
• Paid Holidays
• Paid Maternity Leave
• Paid Parental Leave
• Paid Caregiver Leave
• Paid Volunteer Time
• Short-term Disability plan
• Long-term Disability plan
• Paid Life Insurance

FINANCIAL

• 401(k) with company matching contributions
• Pension Plan with short vesting
• Financial Counseling

OTHER

• Education Assistance Program
• Charitable Gifts Matching Program

Requisite Skills

Affordable Housing, Asset Management, Multifamily Real Estate, Portfolio Performance Analysis, Real Estate

Additional Skills

Barings is an Equal Employment Opportunity employer; Minority/Female/Age/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply.

Barings offers a comprehensive benefits package including:

CORE BENEFITS & WELLNESS

• Medical (including Virtual Care), Prescription, Dental, and Vision Coverage
• Fitness Center Reimbursement Program (Including Online Memberships)
• Employee Assistance Program (EAP)
• Fertility Benefits

FINANCIAL WELL-BEING

• Highly competitive 401(k) Plan with Company Match
• Health Savings Account (HSA) with Company Contributions
• Flexible Spending Accounts (FSA) - Health Care & Dependent Care
• Retirement Health Reimbursement Account

LIFE INSURANCE

• Basic and Supplemental Life Insurance
• Spouse and Child Life Insurance

TIME OFF, DISABILITY AND LEAVE OF ABSENCE

• Paid Vacation, Sick Days and Annual Holidays
• Paid Leave of Absences (Maternity Leave, Parental Leave, Caregiver Leave, Bereavement Time)
• Short and Long Term Disability Plans
• Paid Volunteer Time

 OTHER BENEFITS

• Education Assistance Program
• Charitable Matching Gifts Program
• Commuter Reimbursement Program
• Adoption and Surrogacy Reimbursement Program