Director, Workouts
Quick answer
Enterprise Community Development is hiring a senior Director, Workouts (Baltimore, MD and Bethesda, MD) with a salary range of $155,000/year - $175,000/year to lead the stabilization of underperforming affordable housing assets.
- Role
- Director, Workouts
- Organization
- Enterprise Community Development
- Location
- Baltimore, MD and Bethesda, MD
- Work setup
- Hybrid
- Level
- Senior
- Compensation
- $155,000/year - $175,000/year
- Category
- Communications & Marketing
The role
The Director, Workouts is an asset management leadership role responsible for stabilizing, restructuring, and repositioning underperforming assets within Enterprise Community Development’s affordable housing portfolio.
What you'll do
- Lead the identification, triage, and resolution of assets experiencing chronic cash flow deficits or operational distress
- Develop, implement, and oversee property-specific action plans
- Prepare and present recommendations to Senior Management
- Manage, coach, and develop a team of workout-focused asset management professionals
- Review and approve operating budgets, reforecasts, capital expenditure plans, and non-routine expenditures
- Analyze financial statements, debt structures, reserve usage, and partnership arrangements
What it takes
- 7+ years of LIHTC/multifamily experience
- 3+ years of workout experience
- 5+ years of direct people management experience
- Bachelor’s degree required; Finance, Accounting, Business, or Real Estate preferred
- Master’s degree (MBA or MS Real Estate) or CPA strongly preferred
- Excellent verbal communication and business writing skills
What you'll bring
How we treat you
dental, health, and vision care plans, family-building benefits, flexible work arrangements, health advocacy, Employee Assistance Program (EAP), mental health benefits, financial education, wellness programs, 401(k) plan with employer matching contributions, tuition reimbursement for job-related courses and certifications
Frequently asked questions
Where is the job located?
The job is based out of the Baltimore, MD and Bethesda, MD HQ Offices.
What is the salary range?
The salary range for this position is $155,000/year - $175,000/year.
What are the key qualifications required?
Key qualifications include 7+ years of LIHTC/multifamily experience, 3+ years of workout experience, and 5+ years of direct people management experience.
How can I apply?
Applications should be submitted by February 28, 2024, and can be directed to the Enterprise Community Development's recruitment team.
Is the job remote?
The position is a hybrid role based out of the Baltimore, MD and Bethesda, MD HQ Offices.
How to apply
Apply directly on Enterprise Community Development's site. We link straight through — no resume parsing, no profile to fill out.
This listing is aggregated from a third-party source and its summary may be auto-generated, so details can be inaccurate or out of date. ForGood is not the employer and is not liable for the content — please verify everything on Enterprise Community Development's official posting before applying.
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