Sr. Asset Manager, Asset Management- (Hybrid) Baltimore or Bethesda

Enterprise is a national nonprofit that exists to make a good home possible for the millions of families without one. We support community development organizations on the ground aggregate and invest capital for impact advance housing policy at every level of government and build and manage communities ourselves. Since 1982 we have invested $80.9 billion and created 1 million homes across all 50 states the District of Columbia Puerto Rico and the U.S. Virgin Islands all to make home and community places of pride power and belonging.

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Working at Enterprise

At Enterprise youll be part of a diverse committed team making a difference every day. You will collaborate with some of the smartest minds and biggest hearts in our field. Youll be empowered to drive systems change and take bold steps to advance racial equity. And you will find a career home where youre valued and supported in your growth journey.

Enterprise offers career opportunities in our offices across the country with anexceptional benefits package.

Job Description Summary

Job Description

• Manage the financial and physical performance of the ECD portfolio in collaboration with property management development and resident services.

• Receive review and evaluate monthly financial statements and follow-up on variances.

• Review and approve annual operating budgets and capital expenditure plans.

• Review and approve non-routine expenditures.

• Conduct site visits and review property management systems.

• Develop strategic plans for underperforming communities and supervise execution of the plans by property management.

• Develop and update annual business plans for each community.

• Participate with the ECD development team in developing the scope of work and operating budgets for properties to be renovated/refinanced.

• Identify operational issues throughout design/construction/lease-up/stabilization phases of development and work with cross-functional project teams to devise solutions.

• Provide a leadership role in the transition of all properties from development to operations. Work with property management and development to ensure items such as security contracts controlled access video surveillance and internet/video have been considered and if appropriate contracts/equipment are put in place.

• Establish a feedback loop with the development team to capture learnings from portfolio operations to inform future project design and development.

• Collaborate with property management and resident services on community development and resident relations.

• Identify prioritize and resolve physical and operating problems/issues with properties.

• Assist with property insurance related matters including claims reporting.

• Monitor property debt and the expiration of LIHTC compliance to identify opportunities for restructure refinance or acquisition of limited partners interests.

• Coordinate with property management compliance staffto ensure affordable housing program reporting requirements are being met.

• Manage timely and accurate communications and reports with investors lenders government officials and others as required.

• Approve major contracts with third-party vendors.

• Complete accurate timely internal reports.

• Monitor property operations including weekly occupancy levels.

• Assist in resolving resident issues with property management and resident services.

• Review and approve property tax assessments and coordinate property tax appeals with local counsel. Approve real estate tax invoices for payment.

SUPERVISORY RESPONSIBILITIES:

• This position has no supervisory responsibilities initially.

ESSENTIAL SKILLS EXPERIENCE AND TALENTS:

• Bachelors degree or equivalent required preferably in Business Management Accounting Finance or related field. Masters Degree in Real Estate MBA or CPA preferred.

• Seven (7) years multi-family real estate finance accounting and/or asset management experience.

• Experience managing a portfolio of real estate and familiarity with private financing and federal state and local government funding.

• Strong organizational skills and ability to coordinate complex activities prioritize conflicting demands and meet deadlines.

• Strong verbal communication and business writing skills.

• Ability to read interpret and analyze financial statements.

• Sound understanding of real estate terminology and concepts including multi-family real estate; working knowledge of LIHTC required.

• Strong analytical skills.

• Strong computer skills with excellent MS Excel skills.

• Highly motivated and able to work independently.

• Excellent problem-solving skills

• Must demonstrate strong ethics in interpersonal relations and work as an effective collaborative team member to produce high-quality results.

PHYSICAL DEMANDS/WORKING CONDITIONS:

• Able to work under pressure including evenings and weekends during peak periods. Peak periods are anticipated to be the 4th and 1st quarters.

• Able to travel for periods of up to 6 hours (air car train).

• Able to climb stairs at communities during site visits.

Total Rewards at Enterprise:

• You will be working with a group of talented professionals who are motivated by serving the community and addressing the need for affordable housing. Enterprise offers a comprehensive total rewards package for you and your family.

• The base salary range to offer for this role is $120000/yr. to 130000/yr. depending on level of skills and experience.

• The salary range for this position is represented by the low and high end of the range for the amount to be paid for the position. Salaries paid at Enterprise will vary based on factors that may include skills education location experience and performance. The salary range is just a part of the total rewards package provided to employees at Enterprise and other rewards may include annual performance bonuses and generous paid leave programs.

• At Enterprise our benefits form a major component of our total rewards package. Benefits include dental health and vision care plans as well as family-building benefits such as adoption and surrogacy support. Enterprise allows flexible work arrangements to promote a better work-life balance. We offer health advocacy EAP and mental health benefits. We round out our total rewards package by offering financial education wellness programs and auto-enrollment in the companys 401(k) plan with employer matching contributions. Finally you will have learning and development opportunities including tuition reimbursement for job-related courses and certifications. Thank you for your interest in joining the Enterprise team in our effort and commitment to serve others.

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