Join Our Team, Transform Lives

Embark on a Career with a Mission to Revolutionize Affordable Housing

The Foundation of Positive Change in Housing is Our Team

What is it like to have a career with Stone Beam?

At Stone Beam Development, the work environment is deeply rooted in a mission to restore housing affordability and revitalize communities across the Midwest. The team at Stone Beam is at the forefront of innovative and sustainable solutions to address the urgent need for affordable housing. With a commitment to revitalizing communities, they blend expertise, passion, and vision to deliver not just homes, but futures.

The leadership, including Joseph V Walsh, Kent R Frayn, and Scott C Frayn, emphasizes providing desirable, safe, and affordable places to live for all tenants. This commitment reflects a culture that values ethical property development and community-centric growth.

Employees at Stone Beam are part of a collaborative environment that prioritizes the creation of vibrant communities through ethical property development practices. The company fosters living environments that serve not just as residences, but as the foundation for a thriving, interwoven community life.

Overall, working at Stone Beam means engaging in meaningful projects that aim to make a positive difference in the lives of residents, contributing to the development of sustainable and affordable housing solutions.

Open Positions

Asset Manager

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Asset Manager

Open Position: Asset Manager

The Asset Manager is responsible for overseeing the financial performance, operational efficiency, and long-term sustainability of the company’s affordable housing portfolio. This role ensures that properties within the portfolio are well-managed, financially stable, and aligned with the company’s mission to provide high-quality affordable housing for elderly and family communities. The Asset Manager will collaborate with property management teams, financial analysts, and leadership to maximize asset value while maintaining affordability and compliance with regulatory requirements.

Primary Roles:

Portfolio Oversight
  • Monitor and analyze financial and operational performance across the company’s affordable housing assets.
  • Develop and implement strategies to enhance asset value and optimize cash flow.
  • Identify risks and opportunities within the portfolio and create mitigation plans.
Financial Management
  • Oversee budgeting, forecasting, and financial reporting for each asset.
  • Ensure compliance with financing agreements, including tax credits, HUD regulations, state programs, lenders, and equity partners.
  • Work with leadership to establish and track key performance indicators (KPIs) related to asset performance.
Property Operations and Compliance
  • Collaborate with third-party property management firms to ensure operational efficiency and high occupancy rates.
  • Monitor maintenance, capital improvement projects, and overall property conditions.
  • Ensure adherence to all local, state, and federal regulations governing affordable housing assets.
Stakeholder and Investor Relations
  • Serve as the primary liaison between the company, lenders, investors, and regulatory agencies.
  • Prepare and present asset performance reports to stakeholders.
  • Develop and maintain strong relationships with lenders, syndicators, and compliance agencies.
Strategic Planning and Growth
  • Assist in identifying and evaluating new investment opportunities aligned with the company’s mission.
  • Develop long-term asset management strategies to maintain and enhance the portfolio’s value.
  • Contribute to the overall strategic direction of the company’s real estate holdings.

Key Objectives:

Maximizing Asset Performance
  • Improve NOI (Net Operating Income) across the portfolio through operational efficiencies.
  • Maintain high occupancy rates and minimize tenant turnover.
Financial Stability and Compliance
  • Ensure timely and accurate financial reporting.
  • Maintain compliance with affordable housing programs, including Low-Income Housing Tax Credit (LIHTC) and HUD requirements.
Operational Efficiency
  • Streamline communication and reporting processes with property managers and stakeholders.
  • Oversee capital improvement plans to extend the longevity and sustainability of properties.
Stakeholder Engagement
  • Provide transparent and accurate reporting to investors and partners.
  • Build relationships with industry leaders, policymakers, and affordable housing advocates.

Skills and Competencies:

  • Financial Acumen: Strong understanding of asset management principles, financial modeling, and budget analysis.
  • Regulatory Knowledge: Familiarity with affordable housing regulations, including LIHTC, HUD, and state tax credit programs.
  • Analytical Thinking: Ability to analyze market trends, operational reports, and financial statements to make data-driven decisions.
  • Stakeholder Management: Strong communication skills for interacting with investors, lenders, and regulatory agencies.
  • Problem-Solving: Proactive approach to identifying challenges and implementing effective solutions.
  • Strategic Planning: Ability to develop and execute long-term asset management strategies.
  • Detail-Oriented: High level of accuracy and attention to detail in financial reporting and compliance matters.

As Asset Manager, you will play a critical role in ensuring the financial health and operational success of the company’s affordable housing portfolio. This role offers the opportunity to contribute to mission-driven real estate development while optimizing asset performance and long-term sustainability.

Contact Us

At Stone Beam, we’re not just creating jobs—we’re crafting careers with a purpose. As a dynamic force in the affordable housing sector, we pave the way for professionals like you to make a real difference. Join us in our quest to reinvent multi-family living spaces not only in the Midwest but across the United States, anchoring prosperity in the communities we serve.

The mission that propels our work is bold: to catalyze the transformation of affordable housing into safe, clean, and accessible homes where the community thrives. As a member of our team, you’ll play a crucial role in driving this change, impacting lives daily by providing more than just a home—you’ll be creating the backdrop for lifelong memories.

Forge a Career, Build a Legacy

At Stone Beam, every role is critical to our objective of delivering exceptional affordable housing. As we expand our reach, we’re searching for dedicated professionals to join us in every facet of our business—from design to development and from finance to community management. Your work directly contributes to brighter futures for families and individuals across the nation.

Your Role in Crafting Viable, Equitable Communities

We envision a future where every person has access to a home that they are proud of—a sanctuary that embodies sustainability, accessibility, and affordability. As part of the Stone Beam team, you’ll be instrumental in making this vision a reality, pushing the envelope of what’s possible in affordable housing, and setting new standards for the industry.

Elevate Your Career While Elevating Communities

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Discover the Impact You Can Make with Stone Beam

Are you ready to take on a career that transcends the norm? At Stone Beam, we invite you to explore opportunities that align with your passion for service and excellence. Join us and be part of a narrative that extends beyond construction—be a pillar in the movement toward inclusive and sustainable community development.

Connect With a Team That Values Your Contribution

At Stone Beam, we recognize that our greatest asset is our people. We’re constantly seeking innovative thinkers, compassionate leaders, and dedicated workers who are eager to join us in our mission. If you’re driven by the pursuit of excellence and commitment to social responsibility, let’s build a better future together—one home, one life, one community at a time.

Ready to align your career with a cause that matters?

Reach out to us to find out how you can be part of the Stone Beam difference.

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