Asset Management Analyst (Foster City)

Affordable housing asset management operates at the intersection of financial compliance and mission-driven stewardship. At MidPen Housing, that intersection is especially consequential: the organization manages more than 130 properties across 12 Northern California counties, serving roughly 20,000 residents. This analyst role sits inside that operation, supporting a senior Asset Manager and carrying real responsibility for the financial and regulatory health of an assigned portfolio slice.

What the Work Actually Looks Like

A significant portion of this role centers on reporting. You'll prepare monthly, quarterly, and annual packages for investors, lenders, and regulatory agencies, which means your output lands in front of external stakeholders who scrutinize it closely. Audited financials, budgets, and required compliance reports all need to go out on time and in good shape. Beyond the calendar-driven deliverables, you'll analyze property financials and portfolio performance, research partnership agreements and financing documents, and help monitor the legal and financial requirements embedded in those agreements.

You'll also support reserve draws and capital projects, contribute to annual budgeting cycles, and build proforma models as needed. Coordinating communications with lenders, agencies, and partners is part of the day-to-day, so you'll need to manage competing requests without letting things fall through the cracks. Database accuracy matters here too: the department's reporting depends on clean, reliable data.

What MidPen Is Looking For

• Bachelor's degree in Finance, Business Administration, Accounting, or a related field, plus two years of relevant experience (or an equivalent combination)
• Strong Excel skills and comfort producing financial analysis and written reports
• Ability to read and interpret legal documents, including financing agreements and regulatory requirements
• Clear written and verbal communication, since you'll be a point of contact for external partners
• A master's degree or prior experience in real estate, low-income housing, accounting, or asset management is preferred
• Valid California driver's license with reliable transportation and current auto insurance

Why This Role Builds Real Expertise

Low-income housing tax credit (LIHTC) portfolios carry a compliance and reporting load that most market-rate asset management roles don't. Learning to read partnership agreements, track regulatory requirements, and manage investor and lender relationships in that context builds a very specific skill set. Analysts who come through this kind of shop tend to move into full asset management positions, portfolio director roles, or development finance work, because they understand how affordable deals are structured from the inside out. The Bay Area's regulatory environment and land costs make affordable development exceptionally complex, which means the institutional knowledge you'd build at MidPen is genuinely hard to replicate elsewhere.

The salary range is $70,304 to $76,500, based on experience and qualifications. MidPen carries a Great Place to Work certification for 2025, and the benefits package includes health, dental, vision, a 403(b) retirement plan, tuition reimbursement, paid parental leave, and several flexible spending account options.