AVP of Asset Management
AVP of Asset Management
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Job Description
COMPANY OVERVIEW
At HTG we are always looking for great talent. Come join our TEAM. We believe in teamwork innovation professionalism and long-term decision-making. We recognize the need to be flexible entrepreneurial and aggressiveboth as individuals and as a company. We encourage creativity flexibility and innovative approaches to our work. We always do what is fair right and ethical.
Housing Trust Group (HTG) is an award-winning full-service developer of multifamily residential communities whose real estate transactions exceed $4 billion in commercial land and residential developments across Florida and the Southeastern U.S. including Texas Illinois and Arizona. HTG develops builds and manages a diverse portfolio of affordable housing workforce housing market-rate housing mixed-income and mixed-use developments.
Housing Trust Group offers competitive pay scales and full benefits packages including Health Dental Vision Life Insurance and 401(k) plans. Housing Trust Group is an equal opportunity employer.
SUMMARY
The AVP of Asset Management position is responsible for maximizing the financial operational physical and regulatory performance of an assigned portfolio including affordable market rate and mixed-use properties. This role requires close collaboration with property management construction development accounting and external stakeholders (lenders investors syndicators and agencies). The asset management position blends hands-on asset oversight with strategic portfolio planning with a particular emphasis on LIHTC HUD/Section 8 and other affordable housing programs.
RESPONSIBILITIES
Function as the Owners representative overseeing financial and operational performance of properties
Review monthly operating financials variance analysis rent rolls occupancy and delinquency reports and develop corrective actions plans for underperforming properties
Perform site visits and coordinate with property management to address operational physical and compliance issues
Develop annual operating budgets and establish business plans for each property
Drive portfolio level performance by identifying opportunities for revenue growth expense optimization and value creation
Take initiative to improve quality of reporting and early detection of issues
Assist in the development of performance measurement risk metrics and analytical tools to be applied to systematically to the portfolio
Coordinate lender inspections and facilitate lender required repairs through property management and construction management
Prepare and submit property information for annual property tax exemptions and appeals and ensure annual property taxes are all paid timely
Prepare monthly and quarterly reporting for Owners
Support refinances re-syndications year-15 buyouts and dispositions including due diligence and transaction execution
Be the primary contact to all investors/lenders/syndicators/JV partners
REQUIRED QUALIFICATIONS
5-10 years of experience in multifamily acquisitions or asset/portfolio management with a strong focus on affordable housing/LIHTC
Demonstrated ability to manage a multi-property portfolio (1020 properties or units)
Experience in LIHTC compliance HUD/Section 8 programs Year-15 strategies and partnership structures preferred
Strong financial modeling and valuation skills including budgeting forecasting and investment analysis
Proficiency with Yardi and advanced Microsoft Office Suite skills required particularly Excel
Excellent leadership communication and relationship management skills
Proactive energetic and results-driven attitude
Ability to adapt to and manage frequently changing priorities and work cooperatively as a key member of a small team.
Ability to handle multiple projects and deadlines simultaneously and deliver detail-oriented work product
PHYSICAL REQUIREMENTS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Required Experience:
Exec
Employment Type
Full Time
