Vice President of Asset Management
Memphis, TN
Full Time
Systems Team
Executive
Organization Overview
ALCO Management is a mission-driven property management organization dedicated to providing high-quality, affordable housing that strengthens communities and supports resident well-being. Through thoughtful stewardship of its portfolio, ALCO works to ensure that residents have access to safe, stable, and well-maintained homes while preserving long-term affordability across the communities it serves.
The organization currently manages a portfolio of more than 5,000 apartment homes and is pursuing a disciplined growth strategy that will expand the portfolio to 10,000 units by 2035. This growth is guided by a commitment to financial stewardship, operational excellence, and a deep focus on resident experience.
ALCO’s approach to asset management recognizes that housing stability plays a critical role in the health and opportunity of the families and individuals who call its communities home. By investing in strong property operations, proactive capital planning, and responsible portfolio oversight, ALCO seeks to protect long-term asset value while ensuring that each community remains a place where residents can thrive.
As the organization continues to grow, ALCO is strengthening the systems, processes, and leadership structures needed to scale responsibly while remaining grounded in its mission of providing quality housing and delivering a positive resident experience.
Position Overview
The Vice President of Asset Management leads ALCO’s portfolio strategy and performance oversight across ALCO’s portfolio of stabilized multi-family, affordable housing communities. This role is responsible for developing and executing multi-year business plans for each asset, strengthening capital planning discipline, proactively managing portfolio risk, and embedding data-driven decision-making across the organization.
Reporting to the Chief Financial Officer, the VP will design and scale the asset management function to support ALCO’s 2035 growth vision. This leader will oversee portfolio-level financial performance, guide capital allocation decisions, partner closely with Property Management leadership, and serve as the primary point of contact for investor and lender communications post-stabilization.
As ALCO advances from 5,000 toward 10,000 units, this role will institutionalize repeatable systems, clarify governance structures, and ensure disciplined portfolio management that protects performance while enabling responsible expansion.
ESSENTIAL DUTIES AND RESPONSIBILITIES
STRATEGIC PORTFOLIO LEADERSHIP
INVESTOR AND LENDER RELATIONS
WORK ENVIRONMENT
The Vice President of Asset Management will report to the Chief Financial Officer. They will work closely with the Acquisitions & Development and Operations teams.
ALCO Management is a mission-driven property management organization dedicated to providing high-quality, affordable housing that strengthens communities and supports resident well-being. Through thoughtful stewardship of its portfolio, ALCO works to ensure that residents have access to safe, stable, and well-maintained homes while preserving long-term affordability across the communities it serves.
The organization currently manages a portfolio of more than 5,000 apartment homes and is pursuing a disciplined growth strategy that will expand the portfolio to 10,000 units by 2035. This growth is guided by a commitment to financial stewardship, operational excellence, and a deep focus on resident experience.
ALCO’s approach to asset management recognizes that housing stability plays a critical role in the health and opportunity of the families and individuals who call its communities home. By investing in strong property operations, proactive capital planning, and responsible portfolio oversight, ALCO seeks to protect long-term asset value while ensuring that each community remains a place where residents can thrive.
As the organization continues to grow, ALCO is strengthening the systems, processes, and leadership structures needed to scale responsibly while remaining grounded in its mission of providing quality housing and delivering a positive resident experience.
Position Overview
The Vice President of Asset Management leads ALCO’s portfolio strategy and performance oversight across ALCO’s portfolio of stabilized multi-family, affordable housing communities. This role is responsible for developing and executing multi-year business plans for each asset, strengthening capital planning discipline, proactively managing portfolio risk, and embedding data-driven decision-making across the organization.
Reporting to the Chief Financial Officer, the VP will design and scale the asset management function to support ALCO’s 2035 growth vision. This leader will oversee portfolio-level financial performance, guide capital allocation decisions, partner closely with Property Management leadership, and serve as the primary point of contact for investor and lender communications post-stabilization.
As ALCO advances from 5,000 toward 10,000 units, this role will institutionalize repeatable systems, clarify governance structures, and ensure disciplined portfolio management that protects performance while enabling responsible expansion.
ESSENTIAL DUTIES AND RESPONSIBILITIES
STRATEGIC PORTFOLIO LEADERSHIP
- Develop and implement rolling business plans for each stabilized property, integrating capital planning, operating performance, debt strategy, and long-term asset positioning appropriate for affordable, mission-driven, multi-family communities.
- Participate in ongoing portfolio performance reviews, identifying underperforming assets and collaborating on value-creating strategies.
- Lead analysis related to refinancing, recapitalization, debt restructuring, and property disposition decisions.
- Maximize property cash flow, Net Operating Income, and long-term value within the constraints of regulatory compliance and affordability commitments. Collaborate closely with property management partners to drive strong operational performance and resident outcomes.
- Partner with Finance to integrate asset-level projections into enterprise forecasting and liquidity planning
- Transition capital planning from an annual budgeting exercise to a structured, multi-year forecasting and allocation model.
- Align capital events with replacement reserves, operating cash flow, and long-term asset preservation strategies.
- Establish governance and approval thresholds that clarify decision rights between Asset Management and Property Management.
- Oversee portfolio-level risk management strategy, expanding beyond insurance into proactive mitigation planning.
- Monitor claims analytics, insurance performance, and emerging exposure trends.
- Partner with Property Management to integrate preventative maintenance, safety, and deferred maintenance planning into long-term asset strategy.
INVESTOR AND LENDER RELATIONS
- Own post-stabilization communications with tax credit investors and capital partners.
- Oversee submission of annual budgets, financial reporting, and compliance documentation required by investors and lenders.
- Focus on building positive and collaborative relationships with outside stakeholders as ALCO expands its capital base.
- Support future capital raising efforts by establishing disciplined, transparent reporting frameworks.
- Serve as Asset Management’s business partner to IT in the continued development of ALCO’s data platform and reporting systems.
- Define key performance metrics and embed data-driven decision frameworks into portfolio oversight.
- Lead development of dashboards and analytics that inform capital timing, refinance opportunities, and asset performance improvements.
- Ensure asset management operates proactively rather than reactively through a disciplined performance cadence.
- Document and standardize asset management processes to support repeatability and scalability.
- Design operating rhythms, review cadences, and governance structures that support a 10,000-unit portfolio.
- Build and lead a high-performing asset management team, including development pathways for emerging leaders.
- Provide strategic leadership and performance oversight for Asset Management team members.
- Establish clear expectations, performance standards, and professional development plans.
- Collaborate cross-functionally with Acquisitions and Development, Finance, Property Operations, Compliance, and IT to ensure alignment and execution.
WORK ENVIRONMENT
The Vice President of Asset Management will report to the Chief Financial Officer. They will work closely with the Acquisitions & Development and Operations teams.
INTERNAL AND EXTERNAL RELATIONSHIPS
Internally, the Vice President of Asset Management will work closely with other members of the Strategy team and will have contact with all positions throughout the company. The Vice President of Asset Management will interact with Senior Management and potentially all staff personnel reporting to those positions.
Externally, the Vice President of Asset Management will have contact with owners, investors, lenders, housing agencies, and other business partners.
CHALLENGES
Assimilating and communicating detailed operating and performance data across a broad portfolio for decision-making is a significant challenge. The team is challenged with building sustainable and scalable processes while demonstrating the flexibility needed to see each asset at its maximum potential. The ability to manage multiple priorities and meet deadlines is essential. The ability to collaborate with team members will be critical to the success of anyone in this role.
QUALIFICATIONS
EDUCATION
Bachelor’s degree in finance, Accounting, Real Estate, General Business, or related field required.
MBA, CPA, or advanced degree preferred.
EXPERIENCE
- 10–15+ years of progressive asset management experience in multifamily or comparable real estate environments.
- Proven track record of capital planning, debt strategy, and financial oversight.
- Experience engaging directly with lenders, tax credit investors, or institutional capital partners.
- Experience building or formalizing operational processes within growing organizations.
PREFERRED EXPERIENCE
- Mission-driven real estate, affordable housing, public housing, nonprofit, or quasi-governmental housing experience.
- Familiarity with tax credit or other regulated housing environments.
- Experience partnering with technology teams on data platforms or reporting initiatives.
- Exposure to insurance oversight and portfolio-level risk management.
Leadership Profile
The ideal candidate will demonstrate:
- Long-term, multi-year strategic thinking
- Comfort operating in a mission-driven environment
- Strong financial acumen paired with practical operational judgment
- Ability to communicate effectively with site-level operators and capital partners
- Structured yet entrepreneurial leadership approach
Target base salary range: $175,000 – $225,000, commensurate with experience and demonstrated capability.
Pre-Employment Requirements:
All offers of employment are contingent upon successful completion of a background check and drug screening, in accordance with ALCO’s policies and applicable law.
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ALCO Management is committed to building a team that reflects the communities we serve. We welcome candidates from all backgrounds and experiences. Every qualified applicant will receive consideration for employment without regard to race, color, ethnicity, national origin, ancestry, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, age, marital status, disability, genetic information, military or veteran status, or any other characteristic protected under federal, state, or local law.
Employment with ALCO is at-will. This means either the employee or the company may end the employment relationship at any time, with or without notice, and for any lawful reason. Nothing in this job posting should be interpreted as creating an employment contract or guarantee.
ALCO reserves the right to adjust responsibilities and expectations based on business needs. Candidates may be required to complete assessments, background checks, and reference checks as part of the hiring process.
By applying, you acknowledge that you have reviewed the role, understand the expectations, and consent to be contacted using the information you provide.
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