DIRECTOR OF ASSET MANAGEMENT

The Director of Asset Management is a key leadership role responsible for the oversight and performance of Bear Real Estate Group's diverse real estate portfolio, including multifamily (market rate and low-income housing tax credit "LIHTC"), hotel, commercial, retail, office, industrial, and parking assets. This role requires a deep understanding of ownership structures, investment goals, financing and lender relationships, third-party management oversight, and regulatory compliance-particularly in affordable housing programs.

Acting as the owner's representative, the Director will analyze operating results, evaluate financial performance, and ensure compliance with all operating agreements and regulatory obligations. The ideal candidate will bring a strategic mindset to asset optimization, collaborating closely with development, finance, property management, and executive leadership to drive value creation and ensure long-term portfolio health.

DUTIES AND RESPONSIBILITIES:

• Develop, review, and present monthly financial performance reports to ownership and executive leadership.
• Oversee financial operations, ensuring revenue maximization, cost efficiency, and alignment with budgetary goals.
• Monitor and implement rent increases in accordance with property type and regulatory programming.
• Approve project-level expenditures exceeding management agreement thresholds.
• Identify underperforming assets and deploy corrective strategies to improve financial and operational performance.
• Track lease-up and stabilization efforts on development assets and support strategy adjustments where needed.
• Evaluate pro forma budgets for new developments and compare assumptions with historical data and portfolio benchmarks.
• Analyze economic, demographic, and market trends to inform strategic planning and asset positioning.
• Ensure proper insurance coverage is maintained across the portfolio.
• Coordinate annual tax assessment reviews and initiate appeals where necessary.
• Facilitate smooth onboarding of new properties by ensuring project commitment documentation is transferred appropriately.
• Collaborate with the compliance team to monitor complex tax credit requirements and ensure regulatory adherence.
• Confirm completion of annual compliance reporting, including bond compliance, PTAX-Form 300, and DNNS filings.
• Manage correspondence with regulatory agencies, lenders, and investors.
• Develop strategies for Year 15 LIHTC exits and investor member buyouts.
• Participate in annual budgeting process, including rent strategies, contract renewals, operating expense efficiency, and final approvals.
• Oversee financial audits and collaborate with property management and accounting teams to address discrepancies or inquiries.
• Coordinate with external independent accounting firms to ensure timely completion of audits and tax returns for LIHTC assets.
• Ensure compliance with quarterly and annual reporting deadlines for both investors and

lenders.

• Lead efforts for permanent loan conversions and financing transitions.
• Manage a team responsible for assessing physical property conditions and developing long-term capital improvement plans across the portfolio.
• Work alongside the Vice President of Property Management to foster an environment of collaboration between the asset management and property management teams.
• Perform additional duties as required.

QUALIFICATIONS:

• Bachelor's degree in Accounting, Finance, Real Estate, or related field required; Master's degree preferred.
• 5-10 years of experience in real estate finance, asset management, or property management, with a focus on multifamily and commercial assets.
• Strong understanding of landlord/tenant laws and property management best practices.
• Proven ability to manage multiple priorities in a fast-paced environment.
• Willingness and physical ability to travel and assess multi-story properties.
• Expertise in analyzing operating budgets and capital improvement plans.
• Proficient in Excel, AppFolio, RealPage, and other relevant property management and financial tools.
• Strong communication and interpersonal skills, with the ability to collaborate with diverse stakeholders.

The above is intended to describe the general content of and requirements for the performance of this job. It is not to be construed as an exhaustive statement of duties, responsibilities, or physical requirements. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

Bear Real Estate Group is proud to be an Equal Employment Opportunity and Affirmative Action employer. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.