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Stabilized Asset Manager

ManagerManagerFull TimeRemoteTeam 11-50Since 2022H1B No SponsorCompany SiteLinkedIn

Location

California

Posted

48 days ago

Salary

$115K - $135K / year

Bachelor Degree3 yrs expEnglish

Job Description

• Oversee a portfolio of approximately 65 stabilized LIHTC properties • Oversee, analyze, and report on financial performance • Monitor budgets (compared to actuals) and review occupancy levels (rent rolls) as necessary • Monitor overall operational performance of regional portfolio and communicate progress and issues • Evaluate property management performance as required • Conduct all necessary annual site visits • Work closely with third party property managers and leasing agents • Maximize total return for each assigned asset • Evaluate and monitor LIHTC compliance and other risk factors quarterly • Review partnership agreements, regulatory agreements, and financing documents • Review year-end financial audits for respective LIHTC partnerships • Analyze quarterly and annual property performance compared to budget and underwriting • Ascertain and work to resolve issues through collaboration with general partners, property managers, internal committees, lenders, and governmental/regulatory entities • Forecast and analyze benefit streams of lower tier partnerships for Fund Management and Accounting • Monitor reserve balances and oversee requests for release of replacement and operating reserves • Review and process investor capital calls and lower tier capital contributions • Complete a monthly report for concern properties determined to be at risk • Develop and distribute periodic asset management reports to investors, consultants, and other partners • Complete ad hoc assignments and/or projects required by the Asset Management Department

Job Requirements

  • Bachelor’s degree in finance, or Accounting
  • Minimum 3+ years of experience working in the affordable housing sector doing accounting work or financial analysis, and/or: 3+ years of experience in real estate and/or multi-family housing as an asset manager with stabilized and/or special assets portfolio
  • Experience required in LIHTC
  • strong financial analysis skills
  • Knowledge of multi-family real estate operations, including property management
  • strong computer skills and thorough knowledge of Outlook, MS Word and Excel
  • excellent communication and organizational skills
  • proactive and can multi-task and work in a fast-paced deadline driven environment

Benefits

  • medical, dental, and vision insurance
  • paid time-off
  • 401k match
  • life insurance
  • long-term disability

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