Associate Director of Asset Management

REPORTS TO: Chief Operating Officer SALARY: $125K-$175K per year plus discretionary bonus JOB SUMMARY At SoLa, we don’t just manage assets, we maximize impact. The Associate Director of Asset Management is a force multiplier, blending financial precision with street-smart strategy to accelerate returns, unlock untapped value, and fuel SoLa’s mission of building generational wealth in historically underserved communities. This is not an ivory tower role. You’ll be boots-on-the-ground in the data, analyzing property performance, decoding cash flow patterns, and using financial storytelling to influence high-stakes decisions. From investigating margin leakage to optimizing rent strategies and CapEx deployment, your work will directly shape the trajectory of a $B+ social impact portfolio. You’ll lead with numbers but move with intention, partnering with the Chief Operational Officer across Acquisitions, Development, Finance, and Property Management to connect operational realities with financial outcomes. You’ll build tools, surface trends, and solve problems before they appear on a spreadsheet. And when lenders, equity partners, or consultants come calling? You’ll be the one at the table, translating insight into confidence. ABOUT THE COMPANY SoLa Impact is an award-winning social impact, development, and investment company focused exclusively on creating high-quality affordable housing. Over the last several years, we have raised almost $500 million in equity --- allowing us to deploy well over $1.5 billion – toward addressing the housing crisis in Los Angeles and throughout Southern California. Founded with the belief that smart investment can drive socioeconomic change, SoLa Impact focuses on creating sustainable, dignified living environments that empower residents and uplift neighborhoods. Only five years after starting its first ground-up project, SoLa Impact was recognized as the 16th largest developer in the nation, and the largest developer based in California by the National Multifamily Housing Council.  As part of SoLa Impact's broader mission to create social and economic opportunities, our innovative co-working and entrepreneurship hub The Beehive serves as a catalyst for change, empowering local entrepreneurs to build sustainable businesses and contribute to the revitalization of their neighborhoods. At SoLa Impact, we believe that socioeconomic advancement is a right, not a privilege, and we are committed to making this vision a reality. Join us and be part of a high-achieving team that not only focuses on building affordable housing, but creating opportunities and hope for a better future for all. Requirements ESSENTIAL DUTIES Support day-to-day asset performance by monitoring financial results, analyzing variances, and assisting in resolving cash flow discrepancies Coordinate with CMBS servicers and capital market partners by tracking key metrics and preparing reporting deliverables Contribute to Net Operating Income (NOI) growth through identifying operational inefficiencies, revenue opportunities, and cost-saving measures Build and maintain reporting models and dashboards to track asset performance and provide insights for decision-making Serve as a financial resource for assigned assets, partnering with property managers, leasing teams, and finance to align property operations with financial targets Conduct periodic property visits to assess conditions, gather operational insights, and help address performance issues Collaborate with Acquisitions, Development, and Capital Markets teams to support asset-level benchmarks and portfolio strategies Assist in managing capital expenditure projects by tracking budgets, monitoring ROI, and ensuring alignment with asset plans Participate in special projects such as asset optimization initiatives, refinancing analyses, and re-forecasting exercises EDUCATION & EXPERIENCE Bachelor’s degree in Finance, Real Estate, Business, or related field 5–8+ years in asset management, ideally in multifamily or mixed-use portfolios Deep experience in financial analysis, forecasting, and troubleshooting discrepancies in financial statements Exceptional Excel skills; experience with Argus, Yardi, and Google Suite preferred Comfortable operating independently, focused on execution and analysis Strong understanding of real estate operations, capital planning, and budgeting Resourceful, intellectually curious, and results-driven Alignment with our mission and commitment to excellence in real estate operations SKILLS & ABILITIES Strong analytical skills with a sharp eye for cash flow anomalies, financial variances, and reporting inconsistencies Deep fluency in real estate financials, including NOI, IRR, rent rolls, P&L statements, T12s, and capital stack structures Skilled in building robust property- and portfolio-level models to support strategic decision-making Proficient in financial forecasting and variance analysis, with the ability to trace discrepancies to their root causes Able to distill complex financial data into actionable insights for internal stakeholders and external partners Advanced knowledge of value creation levers such as rent growth, expense optimization, and CapEx planning Experience monitoring KPIs to assess operational performance and market competitiveness Familiar with lease audits, cost recovery models, and operating expense benchmarking Proficient with asset management tools/software, including Yardi, Argus, and GSuite Collaborative and cross-functional, with experience working across Acquisitions, Development, Property Management, and Finance, as well as with lenders, escrow, and consultants Benefits At SoLa Impact, we believe work environment, culture, and the opportunity to learn and grow are key elements when considering a new job. We are just the right size to provide the resources and support you need without the bureaucracy of a large corporate environment. We foster a family-friendly and supportive workplace, collaborative and employee-focused with an emphasis on quality, integrity, trust, and accountability. We are looking to bring someone on board as soon as possible. We provide a rewarding and challenging environment. We expect a lot, but give a lot in return. Strongly prefer candidates local to Los Angeles as no relocation assistance will be provided. All qualified candidates will be contacted directly. SoLa Impact is an Equal Opportunity Employer. SoLa does not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, merit, and business need. Disclaimer: SoLa Impact conducts thorough background checks, including education and employment verification, following an offer letter extension. We are committed to upholding the highest standards of integrity throughout our hiring process. Candidates are advised to ensure all information provided in their resume and application is true and accurate. Any discrepancies may affect your eligibility for employment.