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Jobs · Finance · Oregon

Asset Manager (7070 - Asset Management)Remote Position

EAH Housing · Estacada, OR · 1 mo ago
Finance$86k–$141k/yrInternship

Company Overview

Established in 1968, EAH Housing is one of the largest nonprofit housing development and management organizations in the western United States. It develops low‑income multifamily housing, manages more than 222 properties throughout California and Hawai‘i, and leads local, regional, and national housing advocacy efforts. With a staff of about 700, EAH serves 25,000 residents in 87 municipalities.

Position Overview

This full‑time Asset Manager will work in the corporate office in Honolulu, HI, and is directly responsible for ensuring the long‑term financial and physical health of EAH properties, meeting owner and lender requirements, and monitoring portfolio performance against benchmarks.

Responsibilities

  • Act as primary contact for lenders, investors, and regulatory agencies for budget approvals.
  • Review and distribute annual audits to lenders, investors, and regulatory agencies.
  • Submit monthly, quarterly, and annual reporting as required by lenders, investors, and regulatory agencies.
  • Collaborate with REM Directors/Property Supervisors to analyze budgets against EAH benchmarks and propose solutions for cash flow, financial ratios, and capital needs.
  • Work with the Compliance Director to confirm maximum rent, establish rent‑burden policies, and set goals for annual rent adjustments.
  • Review budgets and participate in budget review meetings to ensure rent‑increase objectives, affordability, operating expenses per unit, reserve funding, affiliate fees, and surplus cash distribution goals are met.
  • Assist the Budget Committee in refining procedures and workflow.
  • Track and submit all reserve draw requests.
  • Review long‑term capital plans for portfolio properties.
  • Monitor operating expenses against budget and ensure variance explanations satisfy EAH and investor/lender requirements.
  • Manage LIHTC capital accounts through annual analysis and exit tax projections.
  • Ensure all financial plans and regulatory agreements meet asset‑management requirements.
  • Report quarterly in Asset Management meetings on any issues.
  • Provide enhanced review and analysis of Watch List properties and those outside established benchmarks.
  • Monitor properties transitioning to operations to ensure they meet pro‑forma performance during the first full fiscal year.
  • Prepare DCR worksheets for permanent loan closings.
  • Complete Asset Management Plans and summary reports as required.
  • Maintain and update fields and information in MRI, including important dates and loan information.
  • Identify and create reports in Yardi and MRI to assist Property Supervisors and Senior Management.
  • Collaborate with REM to prepare initial operating budgets for RED to incorporate into development proformas.
  • Attend agency/investor‑sponsored training and mandatory meetings.
  • Participate in EAH’s Injury and Illness Prevention Plan.
  • Maintain regular and predictable attendance.

Qualifications

  • Education: Bachelor’s degree or equivalent combination of education, training, and experience.
  • Experience: 3–5 years in affordable housing; at least 1 year reporting to and working with agencies such as HUD, TCAC, CHFA, HOME, USRDA, HCD, RHCP, and investors.
  • Desirable additional qualifications:
    • AMS/CHAM designation.
    • Knowledge of YARDI and MRI systems.
    • Background in accounting or finance.
  • Additional requirements: successful criminal background check, possible fingerprinting, and drug testing (excluding marijuana/cannabis) within 72 hours of offer acceptance.

Benefits

  • Medical, dental, vision, disability, and life insurance.
  • 403(b) retirement plan with a 5 % company match.
  • Generous vacation accrual (15 days per year, increasing with service) and 10 paid sick days.
  • 13 paid holidays.
  • Work‑schedule flexibility and emphasis on work/life balance.
  • Competitive salaries.
  • EAH Wellness Program.
  • Flexible Spending Account.
  • Employee Assistance Program (mental health, financial, legal services).
  • $1,500 employee referral program.
  • EAH University – in‑house training and professional development.

Pay

Salary range: $85,500 – $140,600 per year. Hiring range for new employees is generally $85,500 – $113,050 per year, dependent on experience and internal salary levels.

Schedule

Full‑time position based in Honolulu, HI, with flexible work schedule options.

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