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Senior Asset Manager

col-wide   

Job Description:

The Senior Asset Manager is responsible for a portfolio of approx. 100 properties in Southern California. The objective of this role is to optimize the performance of the portfolio by thinking mid-term to long-term while accomplishing short term projects. This position is required to provide high level financial, physical, regulatory and administrative services for multifamily affordable rental communities, while functioning independently, and reporting clearly, with recommendations to the CFO and/or Executive Director. The Senior Asset Manager manages one direct report employee, collaborates with the Property Management, Maintenance and Residential Services department staff and may interact with vendors.
 
Essential Position Responsibilities 
The primary responsibilities for this position include:
  • Review budgets, financials, tax returns and audits for each property; ensure surplus distributions are made correctly and promptly
  • Evaluate and monitor financial performance of buildings by reviewing quarterly financials
  • Maximize revenues and control expenses; discuss any identified issues and problems with the CFO and other departments and cooperatively develop strategies and actions to correct identified issues and problems
  • Review property watchlist regularly and provide strategic planning guidance for underperforming or at-risk properties so they are ultimately successful and removed from watchlist and risk to organization is minimized
  • Advance portfolio-wide initiatives (in collaboration with other departments) such as greening, ADA, emergency preparedness, etc.
  • Create and maintain a portfolio dashboard to measure and report the status of performance through a range of key indicators; report portfolio performance to the Executive Director, Board and financial partners
  • Collaborate with property management to ensure compliance with regulatory agreements and funding requirements
  • Keep informed of trends within industry
  • Review commercial tenant leases annually and compare to market; evaluate rent structures
  • With property management, conduct regular site inspections to understand the physical condition as well as the asset’s position in the market, ensuring proper administration, marketing, curb appeal and maintenance are being upheld
  • Replacement reserve withdrawal approvals; monitor Replacement reserves adequacy
  • Prep for and attend third-party inspections
  • Respond to and maintain relationships with lenders/investors on asset management side
  • Manage low income housing tax credits (LIHTC) capital accounts through annual analysis and exit tax projection
  • Monitor property taxes and oversee tax appeals where applicable
  • Collaborate with and advise Housing Development on underwriting, staffing and design aspects of new/upcoming projects
  • Assist other departments as needed with relationship management of residential and commercial tenants.
  • Other Duties as assigned
Supervisory Responsibilities
The Senior Asset Manager will have full supervisory performance management responsibility for one direct report employee and will direct the work of others through indirect supervision.

Salary:

$100,000 - $110,000

Location:

Santa Monica, CA 

Job Requirements:

Education and Experience
 
  • Bachelor’s degree in business, finance, accounting, real estate or the equivalent training and experience
  • Minimum of 5 years of experience in asset managing affordable housing programs. Preference for experience with Low Income Housing Tax Credit (LIHTC) Housing, and/or Section 8 Project Based Housing Programs
  • Certified Occupancy Specialist Certification a plus
  • Knowledge of affordable housing, Low Income Housing Tax Credits, Tax Exempt Bond Programs and HUD Affordable Housing Program requirements
  • Knowledge of building codes and maintenance and housing quality standards
  • Understanding of federal, state, municipal code, regulations; contract law; and real estate law
  • Must possess strong research, project management, organizational, analytical, and math/quantitative skills
  • Excellent communication skills: both verbal and written and small group presentation
  • Ability to work collaboratively and foster team spirit
  • Strong financial and analytical skills
  • Computer proficiency in financial, property and communication programs (Excel and Word required; Yardi preferred)

Company Info
The Paulsen Group
Medford, OR, United States

Please register to view contact info.


Company Profile

Company Info


The Paulsen Group
Medford, OR, United States

Please register to view contact info.


Senior Asset Manager

col-wide   

Job Description:

The Senior Asset Manager is responsible for a portfolio of approx. 100 properties in Southern California. The objective of this role is to optimize the performance of the portfolio by thinking mid-term to long-term while accomplishing short term projects. This position is required to provide high level financial, physical, regulatory and administrative services for multifamily affordable rental communities, while functioning independently, and reporting clearly, with recommendations to the CFO and/or Executive Director. The Senior Asset Manager manages one direct report employee, collaborates with the Property Management, Maintenance and Residential Services department staff and may interact with vendors.
 
Essential Position Responsibilities 
The primary responsibilities for this position include:
  • Review budgets, financials, tax returns and audits for each property; ensure surplus distributions are made correctly and promptly
  • Evaluate and monitor financial performance of buildings by reviewing quarterly financials
  • Maximize revenues and control expenses; discuss any identified issues and problems with the CFO and other departments and cooperatively develop strategies and actions to correct identified issues and problems
  • Review property watchlist regularly and provide strategic planning guidance for underperforming or at-risk properties so they are ultimately successful and removed from watchlist and risk to organization is minimized
  • Advance portfolio-wide initiatives (in collaboration with other departments) such as greening, ADA, emergency preparedness, etc.
  • Create and maintain a portfolio dashboard to measure and report the status of performance through a range of key indicators; report portfolio performance to the Executive Director, Board and financial partners
  • Collaborate with property management to ensure compliance with regulatory agreements and funding requirements
  • Keep informed of trends within industry
  • Review commercial tenant leases annually and compare to market; evaluate rent structures
  • With property management, conduct regular site inspections to understand the physical condition as well as the asset’s position in the market, ensuring proper administration, marketing, curb appeal and maintenance are being upheld
  • Replacement reserve withdrawal approvals; monitor Replacement reserves adequacy
  • Prep for and attend third-party inspections
  • Respond to and maintain relationships with lenders/investors on asset management side
  • Manage low income housing tax credits (LIHTC) capital accounts through annual analysis and exit tax projection
  • Monitor property taxes and oversee tax appeals where applicable
  • Collaborate with and advise Housing Development on underwriting, staffing and design aspects of new/upcoming projects
  • Assist other departments as needed with relationship management of residential and commercial tenants.
  • Other Duties as assigned
Supervisory Responsibilities
The Senior Asset Manager will have full supervisory performance management responsibility for one direct report employee and will direct the work of others through indirect supervision.

Salary:

$100,000 - $110,000

Location:

Santa Monica, CA 

Job Requirements:

Education and Experience
 
  • Bachelor’s degree in business, finance, accounting, real estate or the equivalent training and experience
  • Minimum of 5 years of experience in asset managing affordable housing programs. Preference for experience with Low Income Housing Tax Credit (LIHTC) Housing, and/or Section 8 Project Based Housing Programs
  • Certified Occupancy Specialist Certification a plus
  • Knowledge of affordable housing, Low Income Housing Tax Credits, Tax Exempt Bond Programs and HUD Affordable Housing Program requirements
  • Knowledge of building codes and maintenance and housing quality standards
  • Understanding of federal, state, municipal code, regulations; contract law; and real estate law
  • Must possess strong research, project management, organizational, analytical, and math/quantitative skills
  • Excellent communication skills: both verbal and written and small group presentation
  • Ability to work collaboratively and foster team spirit
  • Strong financial and analytical skills
  • Computer proficiency in financial, property and communication programs (Excel and Word required; Yardi preferred)
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Statement could not be executed (23000 - 1062 - Duplicate entry '726702' for key 'PRIMARY')