Asset Management Analyst
Asset Management Analyst
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$ 70000 - 82000
1 Vacancy
Job Description
BRIDGE Housing strengthens communities by developing owning and managing highquality affordable homes for working families and seniors. BRIDGEs portfolio of housing currently consists of 140 properties and 14k units throughout California Washington & Oregon. Based out of the San Francisco Bay Area. Few housing development organizations have achieved the success and stature of BRIDGE Housing Corporation. Founded in 1983 utilizing an anonymous donation BRIDGE today has become a leading affordable housing development partner.
Summary
TheAnalyst - Asset Managementwill be an integral part of the Asset Management Team (AM Team) responsible for executing the business plan for a portfolio of affordable multi-family assets owned by BRIDGE Housing. This role will support the Lead Asset Manager in various tasks related to assessing market conditions operations property conditions staffing compliance capital expenditures rent collection and leasing opportunities at each property within the portfolio. The Analyst will report to an Asset Manager or Senior Asset Manager. This position will be onsite 3 days a week and will be based in the San Francisco corporate office.
Duties and Responsibilities
- Complete and file monthly quarterly and annual reports to ensure compliance with lender and investor as well as tax credit funding requirements
- Assist in identifying and escalating significant issues to the Asset Manager/Senior Asset Manager
- Attend weekly asset management calls to discuss priorities learn and contribute to discussions on best practices
- Participate in regular portfolio management meetings that are relevant to assigned properties
- Contribute to the annual property budgeting process including but not limited todeveloping and maintain cash flow and distribution projectionsfor assigned properties
- Update property databases
- In partnership with the Lead Asset Manager conduct periodic inspections of all assets in sub-portfolio with particular attention to any troubled assets
- Assist in annual property tax exemption filings
- Support the processes for reserve reimbursement and other capital project funding
- Ability to understand and research key documents (property audits partnership documents financing agreements regulatory agreements insurance coverages tax returns etc.)
- Analyze/investigate monthly property budget-to-actual results by comparing them to proforma and key performance indicators (KPIs) established for each property
- In partnership with the Lead Asset Manager prepare (or assist in the preparation of) monthly quarterly annual and special/periodic Board senior management investor lender and regulatory agency reporting as assigned
- Train and support new staff members as needed
- Assist with special projects and provide assistance to the asset management team as requested
Experience and Qualifications
- Minimum of 1 to 3 years of relevant experience in commercial real estate preferably with an owner lender manager syndicator agency or real estate consulting group
- BS/BA degree preferred
- Basic knowledge of finance operations and accounting principles in commercial real estate with a willingness to learn
- Affordable Housing knowledge is a plus
- Proficiency in Microsoft Excel Word and PowerPoint
- Strong written and oral communication skills
- Strong organizational skills with attention to detail
- Demonstrated eagerness to learn contribute and grow within the team
- Ability to collaborate effectively with property management and ownership teams (external partners)
- A diplomatic and assertive approach to problem-solving coupled with self-motivation
- Curiosity and a willingness to explore new approaches and solutions
- Must have the flexibility to travel to properties
Working conditions
Works in an office environment with occasional travel to and work at property site locations
Usually works a standard workweek
Physical requirements
Ability to remain in a stationary (standing and/or seated) position more than half the time; ability to travel to offsite locations and tour properties
Ability to operate machinery and/or equipment that requires the constant use of hands/fingers/wrists more than half the time
Ability to spend more than half the time viewing computer monitors
Ability to move lift carry push pull and place objects weighing less than or equal to 25 pounds without assistance
BRIDGE Housing is an Equal Opportunity Employer committed to fostering an inclusive environment for our diverse workforce. We do not discriminate on the basis of race religion color national origin gender identity sexual orientation age marital status veteran status or disability. Pursuant to the California Fair Chance Act we will consider qualified applicants with arrest records.
BRIDGE qualifies the contents of all information candidates provide in their resume and any offer of employment is contingent upon (a) a criminal background check (b) verification of all information provided including past employment correct hire and separation dates education degree or other credentials and (c) three satisfactory employment references.
In the case of application involves fraud or misrepresentation BRIDGE may in its discretion rescind the job offer. Nothing in this policy changes the at-will nature of employment and BRIDGE may withdraw an offer of employment or terminate the employment relationship at any time with or without reason.
Required Experience:
IC
Employment Type
Full-Time
