Job Description

Job Description

Position

The Senior Asset Manager role requires strong leadership, communication, analytical, and strategic planning skills to drive the success and growth of the companies multifamily portfolio. As a Senior Asset Manager, you will play a pivotal role in overseeing the physical, financial, and operational aspects of a diverse portfolio of multifamily communities, encompassing both market rate and affordable housing. Your primary objective will be to maximize the long-term value of these communities.

Responsibilities

• Evaluates the physical, financial, and operational aspects of a diverse portfolio of multifamily communities consisting of market rate and affordable communities to maximize long-term value.
• Communicates regularly with Property Management, Project Partners, and other stakeholders as needed to drive portfolio performance and advance portfolio goals.
• Creates, analyzes and evaluates reports, data, and other information to effectively monitor portfolio goals and performance.
• Develops partnerships with multiple stakeholders, departments, and third parties through clear, intelligent, and routine communications. Ensure all reporting packages for limited partners, lenders, and others are prepared and submitted as required and timely.
• Prepares action plans, reports, and other deliverables as requested by the Project Partner to address short, mid, and long-term performance.
• Partners with interdepartmental teams with the planning and execution of value events including acquisitions, refinancing, repositioning, syndications and sales within the portfolio.
• Ensures adherence to proforma and the quality and timeliness of stakeholder deliverables.
• Creates business plans for each asset, partnering cross-functionally to ensure ownership goals are understood and met.
• Inspects and reviews the physical condition of each asset in your portfolio as scheduled, reporting results to key stakeholders and partnering with Property Management and Ownership to drive improvements (if needed).
• Acts as a resource for all members of the organization on specialized areas, including partnership agreements, loan documents, tax returns, restrictive covenants, and other items as necessary.
• Develops plans, ideas, and strategies to drive asset performance, including the identification of additional income generating opportunities.
• Manages ancillary income functions for region, including easement requests, cable contracts, and other items as needed.

Qualifications

• Bachelor’s degree in real estate, Accounting, Finance, Economics, or related field. Professional designations (i.e. HCCP, CCIM, CPM, COS, CAM) preferred.
• 4+ years’ experience in Multifamily Asset Management, preferably in Affordable Housing.
• Advanced knowledge of Windows, Microsoft Word and Excel and Outlook and Yardi experience is a plus.
• Thorough knowledge of affordable housing industry a plus, including Section 42, Section 8, HOME, and other affordable programs.
• Advanced verbal and written communication skills and strong organizational and analytical skills.
• Advanced mathematical and reasoning skills; and general accounting background preferred.
• Ability to comprehend highly complex partnership structures, waterfalls, and distribution possibilities.
• Must be able to synthesize and analyze qualitative and quantitative data from multiple sources to draw conclusions.
• Yardi experience is a plus.

Personal Skills & Attributes

• Must be willing to work onsite
• Must be willing to travel 50% of the time

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