Supervise a team of 5-6 Asset Managers responsible for a portfolio of 50 properties, both in construction and stabilized.
Develop, direct, and coordinate the implementation of goals, objectives, policies, procedures, and work standards for the asset management department.
Select, train, motivate, and direct department personnel; work with employees on performance issues; implement discipline and termination procedures; respond to staff questions and concerns.
Contribute to the overall quality of the department’s performance by developing, reviewing, and implementing policies and procedures to meet leadership’s requirements; continuously monitor and evaluate the efficiency and effectiveness of methods and procedures; assess and monitor the distribution of work, support systems, and internal reporting relationships; identify opportunities for improvement; direct the implementation of change.
Supervise the internal processes and back-office operations regarding investor reporting, communications and reporting distribution, preferably on Juniper Square platform.
Responsible for the department’s annual budget and the supervision of individual budgets of the properties.
Manage and monitor portfolio performance including vacancy and turnover, rent collections debt service and NOI; monitor property and project expense budgets, approve property and project expenditures and propose rent increases.
Supervise quarterly, annual and periodic reporting to lenders, investors and regulatory agencies.
Monitor capital contributions, loan draws, and replacement reserves for the portfolio.
Ensure compliance with contracts and agreements with third parties, including third party property management companies and resident services providers.
Monitor appropriate insurance coverage for the properties.
Manage and monitor usage of the property management software and all other computer and paper-based systems for the department to ensure that accurate information is maintained. Coordinate with the Controller to identify and implement system upgrades and arrange for training, as
BS is required, MBA and/or CPA preferred.
15 years of progressive industry experience required, including 8-10 years of affordable housing asset management, financing, operations, and compliance with LIHTC funded affordable housing.
Previous supervisory experience in a growing, dynamic environment required.
Yardi, Real Page, and Juniper Square software experience preferred.
About The Paulsen Group
Executive retained search for the real estate industry.