Asset Manager Associate

Company: Housing Assistance Council (HAC)

Locations: Washington, DC; Remote, All

Job Function: Lending/Loan Operations


Founded in 1971, the Housing Assistance Council (HAC) is a national nonprofit and a certified community development financial institution dedicated to helping local rural organizations build affordable homes by providing below-market financing, technical assistance, training, research, and information services. HAC’s mission is to improve housing conditions for the rural poor, with an emphasis on the poorest of the poor in the most rural places, particularly regions and populations with high needs: Native American communities, the Mississippi Delta, farmworkers, the southwest border colonias, and Appalachia.


The Asset Manager Associate is an entry-level position and will assist in the overall loan portfolio management functions of the organization’s portfolio of loans made to entities engaged in affordable housing activities in rural communities throughout the United States. This individual will assist in a range of lending activities — including loan department reports, loan payments, underwriting, credit analysis and various aspects of monitoring, and servicing single- and multi-family housing development loans — in the Loan Fund Division.


Primary responsibilities for this position include, but are not limited to:

  • Monitor maturing loans and work with borrowers to ensure timely repayment.
  • Gather and analyze borrower financial data to evaluate risk.
  • Assist with preparation and analysis of cash flow of non-profit organizations.
  • Underwrite modification and review loan original structure, then review criteria and guidelines to ensure that loan modification is re-underwritten in accordance with established HAC loan fund policies and procedures.
  • Assist with regular quality control checks of all assigned loan files to ensure completeness and compliance after the closing and funding of the loan.
  • Review and reconcile loan payments and categorize them as interest, principal, or fees.
  • Assist with formulating and executing strategies for problem loans and at-risk projects.
  • Process lien releases and reconveyances of collateral as required.
  • Coordinate with Finance to enter receipts into the loan system.
  • Assist with monthly and quarterly reports, including but not limited to quarterly status and interim financial reports, construction-to-permanent loan conversions, loan payment delinquency, payment error, maturity dates.
  • Assist with monitoring, evaluating, and reporting on monthly draw requests from construction loan borrowers.
  • Assist with preparation of reconciliation of loan fund balances monthly.
  • Assist management on loan department reports and projects.
  • Perform other related duties as assigned.


  • Bachelor’s or Master’s degree, in Finance, Economics or Accounting.
  • Advanced Excel knowledge needed.
  • Sufficient credit skills to conduct risk assessment.
  • Preferred experience with community development underwriting.
  • Excellent mathematics skills and number sense.
  • Excellent verbal and written communication skills.
  • Strong organization and time management skills.
  • Detail oriented.
  • Ability to operate autonomously with transparency and integrity.

Compensation and Benefits

HAC offers competitive wages, benefits, and growth opportunities consistent with industry standards.  Flexible benefits packages include health insurance; life and other insurance; financial benefits, include a retirement plan with partial employer match; time off; and work/life benefits, to include education assistance.

How to Apply

Please email a resume and brief cover letter to with “Asset Manager Associate” in the subject line. Applications considered as received, with interviews starting immediately.