Vice President of Asset Management
Vice President of Asset Management
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
$ 240000 - 275000
1 Vacancy
Job Description
Job Purpose
The Vice President of Asset Management is responsible for maintaining BRIDGEs highquality portfolio of assets and executing BRIDGEs strategic goals related to portfolio benchmarks acquisitions and dispositions. The VP will oversee a rapidly growing portfolio of affordable multifamily and senior communities across California and the Pacific Northwest.
This role ensures that investment strategies are executed and evolve to create value. The VP will evaluate performance across the portfolio to support business planning benchmark setting and policy development. The role requires close collaboration with departments including Property Management Accounting Legal Insurance and Development as well as external consultants lenders and investors.
Key Responsibilities
Provide daytoday leadership aligned with BRIDGEs mission and core values.
Oversee the performance of prestabilization properties ensuring financial and physical standards are met or exceeded.
Create and maintain asset management strategies for each property.
Address cashflow and longterm capital needs; work with investors/lenders to unlock reserves or secure loans.
Review capital plans and reserve balances; ensure progress on major projects.
Prepare annual Board reports for SPEs and partnerships.
Monitor portfolio financials; ensure variances and performance meet internal and lender/investor expectations.
Develop property plans to align surplus cash with longterm corporate goals.
Provide accurate timely reporting on portfolio condition.
Develop and implement systems and strategies to support growth in Asset Management.
Collaborate on operational infrastructure planning and scaling.
Track and monitor LIHTC capital accounts and exit tax projections.
Lead mentor and expand a highperformance Asset Management team.
Serve as primary contact for lenders and investors; maintain strong working relationships.
Requirements
7 years of leadership experience in asset management property management or affordable housing development (including LIHTC).
Bachelors degree in Business Administration or a related field.
Demonstrated expertise in financial planning and analysis.
Skilled in strategic planning budget management and organizational development.
Proven leadership skills and the ability to work in a fastpaced evolving environment.
Preferred Qualifications
Masters degree preferred.
Working Conditions
Standard office environment and workweek.
Physical Requirements
Sitting standing walking typing hearing and repetitive motions.
Ability to lift up to 25 pounds without assistance.
Direct Reports
Director of Asset Management
Required Experience:
Chief
Employment Type
Full Time
