Asset Management Strategic Advisor

Seattle’s Office of Housing works to build strong, healthy communities and increase opportunities for people of all income levels to live in our city. Our initiatives help stimulate housing development, allowing families to thrive and neighborhoods to provide a full range of housing choices and opportunities.
  
A critical part of supporting this mission is to monitor the long-term sustainability and compliance with affordable housing requirements of the City of Seattle's investment in multifamily rental projects that receive direct capital investment. The Office of Housing is currently seeking an Asset Management Strategic Advisor who serves as the technical and analytical lead on complex City-financed preservation, stabilization, and redevelopment initiatives. The role applies advanced underwriting, financial analysis, economic forecasting, and portfolio evaluation to guide strategic decision-making and ensure the long-term sustainability of City-funded affordable housing. The Strategic Advisor collaborates with internal and external partners to structure financially feasible transactions, assess project and sponsor capacity, and align investments with City priorities.

Here’s more about what you’ll be doing:

1. Portfolio Preservation & Project Workouts (Analytical Review + Underwriting)

• Developing and maintaining a portfolio-wide preservation strategy, including risk identification, recapitalization forecasting, and early-warning indicators.
• Leading or supporting analytical underwriting and workout planning for at-risk properties in collaboration with CIT and other OH teams.
• Partnering with Asset Managers to evaluate property performance and provide preservation-focused financial analysis and training on analytical tools.

2. Economic Forecasting & Financial Analysis

• Conducting portfolio-level financial modeling, long-term forecasting, and market trend analysis to inform preservation and Levy planning.
• Leading financial diagnostics for assets, including operating pro formas, sustainability projections, and scenario modeling.
• Assessing current data and analytical platforms, identify gaps, and manage enhancements while representing AM in officewide data governance.

3. Contract Negotiations, Stakeholder Engagement & Strategic Advising

• Serving as the Office of Housing’s analytical representative in preservation-related negotiations, evaluation panels, and interdepartmental or external stakeholder processes.
• Providing deep financial and regulatory analysis to guide Asset Management, Policy, CIT, and OH leadership on preservation, underwriting, and complex workout scenarios.
• Partnering with Policy & CIT to supply financial insights that inform financing policies, funding guidelines, and regulatory document development.

You will be most successful if you have demonstrated significant experience and expertise in underwriting, financial analysis, economic forecasting, and portfolio evaluation. A commitment to listening, to creating space for diverse perspectives, and to pursuing inclusive and just outcomes must be at the center of your professional practice. The ability to utilize your creativity and strategic thinking will also contribute to your success. Your strong problem-solving and interpersonal skills will be essential. Specifically, you’ll be prepared to take on this role if you have:

Experience in:

• Affordable housing finance and operations, including publicly and privately funded projects, community development, and housing serving homeless or special needs populations.
• Underwriting and financial analysis experience across 20–40+ multifamily projects, including review of pro formas, operating budgets, audited financials, and long-term sustainability forecasts.
• Developing and managing data systems, analytical platforms, or reporting tools, including integrating financial, regulatory, and physical asset data to support portfolio-wide analysis and decision making. (Aligned with AM systems and reporting requirements.)

Knowledge in:

• Multifamily subsidy programs (LIHTC, HOME, CDBG, State HTF) and experience structuring or evaluating 5–10+ mixed finance developments or lending transactions (bridge/permanent loans).

This position is a Civil Service position classified as a Strategic Advisor 1, General Government. This position is exempt from FLSA (not eligible for overtime) and is non-represented.

Pay: The full salary range for this position is $51.88 - $77.82/hour. The salary range for this individual role has been identified as $71.34 - $77.82/hour.

Working Schedule. This position offers the flexibility of a hybrid work schedule.   Employees will be expected to be in-office three days a week.  

Hiring Timeline: First interviews for this position are tentatively scheduled for July 27-31, 2026. Second interviews for this position are tentatively scheduled for August 10-14, 2026, with an anticipated start date in September 2026.

Accommodations: We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact Sandra Wong at [email protected] to request accommodation.

Benefits:  The City of Seattle offers a comprehensive benefits package including vacation, holiday, and sick leave as well as medical, dental, vision, life, and long-term disability insurance for employees and their dependents. More information about employee benefits is available on the City's website at: https://www.seattle.gov/human-resources/benefits. Please select an option under the “Most Employee Benefits” heading.

Why work at the City? 

At the City of Seattle, public service is more than a job; it’s a chance to shape the future and make a meaningful difference in the lives of everyone who works, lives, or plays in our city. With 12,000 employees across 40+ departments and 1,100 job titles, we are united by a common purpose: to create a Seattle that is vibrant and welcoming for all. Whatever your role, you’ll help power a forward-looking city that leads by example — inclusive, innovative, equitable, and community-focused — while joining a diverse team committed to solving challenges and making a lasting impact together. Join us in building a Seattle where everyone thrives! 

APPLICATION PROCESS:

Applications will be accepted for this position until 4:00 PM Pacific Time on Tuesday, June 30, 2026. To be considered for this position, in addition to completing your application fully, please attach:

• A PDF of your current resume
• Cover Letter

We encourage you to review the City of Seattle’s Application and Interviewing Tips Guide, which may be used as a resource as you prepare to apply and interview for positions with the City of Seattle.

Who May Apply:  This position is open to all candidates who demonstrate alignment with the skills and experience described above.

Questions: If you have questions, please contact Sandra Wong at [email protected].