Asset Manager
Asset Manager
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USD 80000 - 90000
1 Vacancy
Job Description
As a member of ACOFs Asset Management Department the Asset Manager will manage a portfolio of Affordable Housing developments through the oversight of property management companies semi-annual site visits regular financial reviews and compliance review. In addition the Asset Manager will focus on the review and analysis of property level financial data for ACOFs portfolio including annual operating budgets quarterly financial statements residual receipts analysis year-end audited financial statements and tax returns. The Asset Manager will also assist the department on special projects related to Partnership Reporting Workouts and Year 15 exit strategies. The ideal candidate will be able to work in a team building atmosphere and be contributing member in our organization.
Essential Duties
- Be primarily responsible for asset management activities including oversight of property management agreements regulatory agreements and requirements; development and oversight of property budgets and financial performance; lender investor and program compliance reporting; capital needs assessments and planning.
- Maintain clear and consistent communications with property management agents regarding housing objectives and operations as they relate to project budgets lease-up maintenance rent collections annual monitoring and compliance rent increases day-to-day procedural issues and Agency mission.
- Work closely with the Chief Financial Officer to initiate and review annual financial statement audits.
- Conduct regular analysis of operating statements budgets and other data relating to asset management.
- Forecast operating performance and capital needs and report to Director of Asset Management as required and needed.
- Work proactively to identify property performance issues if they arise.
- Work collaboratively with housing finance and property management staff to create and implement a workout plan or other steps to address performance concerns.
- Perform physical inspection of assigned properties twice a year.
- Two to three years experience in multifamily real estate development or management with background in affordable housing
- Bachelors degree from an accredited college or university in accounting finance or related field
- Minimum six years work experience may be substituted for college degree
- Minimum three years of experience working with LIHTC
- Possession of a valid California drivers license
- Access to a personal vehicle to be used to conduct ACOF business
- Ability to meet California minimum and ACOF insurance requirements
- Familiarity with MS Office Suite
Preferred Qualifications:
- Masters degree in business administration finance economics or accounting or equivalent experience
- Three to five years experience with operations and analysis budgeting compliance reporting and financial reporting in a non-profit setting.
- Entrepreneurial and creative approach to problem solving in the field of affordable housing and asset management
- Strong written and verbal communication and analytical skills
Required Experience:
Manager
Employment Type
Full-Time
