Asset Manager

Purpose:

Manage a defined portfolio of affordable housing communities, ensuring the financial performance and service levels are in alignment with mission-based goals and performance targets set by the company.

Key Accountabilities:

·         Maintaining detailed working knowledge of each project within your portfolio.

·         Monitoring asset performance by collecting, reviewing, analyzing and reporting on asset financials, including monthly financial reviews, monthly and quarterly portfolio reporting, internal cash flow modeling and forecasting, annual budgeting of revenue, and expenses and capital expenditures.

·         Overseeing and monitoring the achievement of benchmarks such as construction completion, qualified occupancy, stabilization, and permanent loan conversion of LIHTC projects.

·         Using your in-depth knowledge of property operations to guide property management in decision-making based on budgets, cash balances, development processes, and business plans.

·         Partnering closely with our resident services coordinator to ensure resident and community goals and objectives are met.

·         Ensuring compliance for your portfolio by tracking and overseeing management company filings including state, lender, and investor reporting, as well as tax exemptions by non-profit partners.

Knowledge, Skills and Abilities:

·         Strong written and verbal communication skills (in English), allowing for clear and succinct communication in a variety of settings (phone, in-person and email), and with people of various backgrounds and levels, both internally and externally.

·         Thorough understanding of MS Office and Google Workspace, with advanced knowledge of MS Excel.

·         A strong customer focus, with dedication to meeting the expectations, needs and requirements of internal and external customers, successfully gaining their trust and respect.

·         Willingness to roll up your sleeves and dig in, finding creative solutions to new and old challenges.

·         Ability to work successfully both independently and with others, building professional working relationships based on mutual trust and respect.

·         Comprehensive understanding of financial statements, including Operating Statement, Rent Roll, Balance Sheet and Aged Receivables.

·         A strong understanding of development, finance, operations, or affordable housing.

·         Strong planning and organizing skills, with the ability to work on multiple projects simultaneously and while adhering to deadlines.

·         Ability to periodically travel to your West Coast properties.

Education and experience:

·         Bachelor’s degree in real estate, finance, economics, or a related field, or equivalent experience

·         Minimum 3 years of hands-on Asset Management experience focused on both operations and financials.

·         Minimum 2 years of experience in affordable housing, including experience with low-income housing tax credits (LIHTC). 

·         Experience with Limited Partnership agreements, loan documents, regulatory agreements and other legal documents relating to affordable real estate transactions.

·         CHAM or CPM certification, or the willingness and ability to complete certification within 2 years.

·         Experience with financial modeling and Property Management portfolio management experience are a plus.

·         Compliance certification a plus.

·         Master’s degree in real estate development a plus.