Senior Asset Manager

ACTION-Housing, Inc.

Job Location:

Pittsburgh, PA - USA

Monthly Salary: Not Disclosed

Posted on: 23 hours ago

Vacancies: 1 Vacancy

Job Summary

As Pittsburghs largest non-profit developerACTION-Housingexists to help people improve their lives by offering quality affordable housing. We pride ourselves on helping all of our clients to achieve more self-sufficient lives. Since 1957 weve assisted a wide array of populations throughout Southwestern Pennsylvania focusing on those generally underserved by traditional services including senior citizens veterans individuals with physical and/or intellectual disabilities individuals on the autism spectrum and youths who have aged out of foster care.

JOB SUMMARY

The Senior Asset Manager will be responsible for maintaining the organizations high-quality assets and for the design and implementation of the organizations strategies within the multifamily unit. This position will supervise third party property management companies involved in the strategic management of Action Housings portfolio of 45 properties with 1499 units of housing.

***Please note - a cover letter is required with your application.

ESSENTIAL FUNCTIONS

Independently monitor the activities of property management firms responsible for the daily operations of the properties.
Identify evaluate and recommend capital improvement and replacement projects in the agencys operating portfolio including potential energy efficiency retrofits.
Manage LIHTC (low-income housing tax credits) capital accounts through annual analysis and exit tax projections; exit limited partner.
Collaborate with development and finance teams to identify opportunities for rehab and re-syndication. Establish a feedback loop with the real estate development team to capture learnings from portfolio investigations.
Represent the organizations ownership concerns and coordinate with property managers project managers accountants architects attorneys and other team members to ensure that lease-up marketing and outreach and maintenance of waiting lists are handled in accordance with the management plan organizational policies and all regulatory requirements.
Work collaboratively to create and refine reporting procedures database and other informational systems to collect data track projects enhance communication and distribute to necessary departments and team members.
Determine and execute repositioning plans for the portfolio of properties. This could include investor exits from properties refinancing of existing loans and agreements and the oversight of capital projects related to refinancing or other proceeds secured for the property.
Participation preparation and review of schedules in the annual audit process for the properties including the preparation of residual receipts calculations.
Review and analyze monthly property financial statements for reporting to the CFO CEO Board as requested.
Review annual operating budgets to ensure implementation of multi-year plans and coordination with property management.
Represent Action Housing to all stakeholderspartners lenders property managers vendors and residents and community members with an above average level of understanding and supporting our mission vision and values.
Create asset management goals and plans for the organizations operating portfolio.
Lead and monitor the third-party property management company in the performance of lease-ups in both new construction and occupied rehabs.

EDUCATION AND EXPERIENCE

Bachelors degree in business Management Finance Planning Real Estate or any other related fields. Masters degree in a similar discipline preferred.
A minimum of five years experience in real estate asset management property management or affordable housing development. Experience with affordable multifamily HUD and LIHTC required.
Experience in audit and tax return reviews related to property performance.
Experience creating and managing budgets and reports with Excel.
Experience with Yardi preferred.

REQUIRED SKILLS/ABILITIES

Planning and analysis of complex legal financial and regulatory information.
Ability to oversee successful budget performance from third parties.
Strong clear tactful communicator in writing and verbally.
Accustomed to forward thinking and being proactive one who sees ahead of the curve
Computer literacy in office automation and various software applications using spreadsheets word processing and databases. Intermediate level of proficiency in Outlook and demonstrated.
Ability to utilize operating financial data to model performance and analyze and report recommendations.
Keen understanding of the owner role and function to carry out dual bottom line of social mission and financial viability.
Knowledge of real estate development affordable housing finance and asset management functions to work effectively and credibly with other departments.
An entrepreneurial and creative approach to problem solving in the field of affordable housing and asset management.

WORK ENVIRONMENT AND PHYSICAL DEMANDS

Office environment.
While performing the duties of this job the employee is regularly required to use a computer and be able to communicate using a computer and phone/smart device.
The employee frequently is required to visit and inspect properties.
The employee must occasionally lift and/or move up to 20 pounds.

EEO CLAUSE

ACTION-Housing Inc. is an equal opportunity employer.

Required Experience:

Manager