Asset Management Analyst (Foster City)

It's a Tuesday morning and a regulatory agency is asking for a compliance report due by end of week. You pull the partnership agreement, cross-reference the financing documents, and start building the analysis before your supervisor's coffee is cold. That kind of self-directed, detail-first work is what this role runs on.

The Role at MidPen

MidPen Housing has operated affordable housing across Northern California since 1970, and today manages a portfolio of more than 130 properties serving roughly 20,000 residents: working families, seniors, and people with special needs. The Asset Management Analyst sits within the corporate office in Foster City and works directly in support of an Asset Manager, handling a defined slice of that portfolio. This is not a generalist administrative position. The work centers on financial reporting, portfolio monitoring, and keeping a dense web of lender, investor, and agency relationships on track and on time.

Day to day, that means preparing monthly, quarterly, and annual reports for investors and regulatory bodies, analyzing property financials and budgets, tracking financial and legal compliance across the portfolio, and coordinating reserve draws and capital project support. You'll also work through partnership agreements and financing documents to interpret requirements and flag issues before they become problems. Strong data discipline matters here: the accuracy of what goes into reporting systems directly shapes how the department serves external partners.

What Strong Candidates Bring

• Bachelor's degree in Finance, Business Administration, Accounting, or a related field, plus at least two years of relevant experience (or an equivalent combination)
• Proficiency in Excel, Word, and Outlook, with the ability to build clean financial analyses and reports
• Comfort reading and interpreting legal documents, including regulatory agreements and loan documents
• Clear written and verbal communication skills, particularly when corresponding with lenders or agencies
• A master's degree or prior exposure to affordable housing, low-income housing tax credits, or real estate asset management is a genuine plus

What separates stronger candidates in this specific role is familiarity with the regulatory and financing structures common to affordable housing: LIHTC partnerships, regulatory agreements tied to public financing sources, and the reporting cadence those relationships require. Candidates who've touched T-12 analysis or proforma modeling in an affordable housing or community development context will ramp up faster and add more value sooner.

The Bay Area affordable housing space is one of the most complex in the country, with layered public and private financing sources, active oversight from multiple agencies, and a development pipeline that keeps asset managers busy managing compliance on deals that are years or decades old. This role puts you inside that machinery at a respected, mission-driven organization. For someone building toward a senior asset management or portfolio management career in affordable housing, the breadth of exposure here is real.

The salary range is $70,304 to $76,500 annually, based on experience and qualifications.