Asset Manager

About the role

This position performs a wide variety of tasks related to the planning, development, and preservation of affordable housing with a specialization in housing for special needs populations such as homeless, at risk of homelessness and elderly. The incumbent will be responsible for the financial viability of a significant and growing housing portfolio, including oversight of third-party management, services, government and institutional partnerships, capital investments, market research and analysis, and buy/sells/hold strategies.

Responsibilities

• Conducts the analysis, recommendation, partnership activities, and implementation strategy of a portfolio of developments owned or operated by Housing Authority of the City of Los Angeles (HACLA) or affiliated partnerships, and organizations.
• Develops all associated policies and documents including leasing and management plans, tenant leases, operation and safety manuals.
• Ensures all properties meet HACLA-imposed, local, state and/or federal building and operation requirements or best practices.
• Aids in negotiations of contracts with all third parties including but not limited to service providers and property management agents; and oversees all details of property readiness and lease up.
• Assesses, approves and oversees implementation of capital investments on an annualized basis and is responsible for property cashflow and stabilization.
• Lead staff of maintenance, clerical, custodial, paraprofessional and professional personnel with encouragement and innovation; creating a team-based cooperative approach.
• Maintains regular communication with management, service staff and tenants to ensure properties are functioning well and makes recommendations for any changes in policy or procedure to adapt the building to current and future needs.
• Develops approach to all asset management activities to ensure that HACLA is creating communities of care that value and respect the diversity of resident needs, ensure a safe environment for all tenants, and develop a sense of home.
• Responds effectively to management issues or emergencies.
• Ensures clear lines of communication are established between HACLA and its third parties as well as amongst and between all third-party contractors working within any one development or project.
• Maintains and monitors project finances for conformity to budget, negotiates financial restructuring and/or amends regulatory agreements as necessary to stabilize and/or expand operations.
• Develops and updates records of outstanding indebtedness of partnerships; administers partnership funds, including collection of capital contributions, banking, and disbursements of funds.
• Assists Finance in the preparation of tax returns, quarterly and annual financial statements; manage cash flow, distribution analysis and investment projects.
• Participates in internal and external team meetings; prepare reports and presentations to executives, external partners, and the public; participate in trainings and conferences and regional meetings to ensure HACLA is aligned with regional systems serving homeless, at risk of homelessness, seniors and other special need populations.
• Negotiates third party services and management contracts.
• Implement or evaluate Property Management plans; assist in the preparation and monitoring Asset Management Annual Budget.

Requirements

Bachelor’s degree from an accredited college or university in Finance, Public or Business Administration, or a closely related field, AND a minimum of five (5) years progressively responsible experience in residential property management and multi-family housing portfolio management with a minimum of three (3) years of supervisory experience in the fields of Asset or Property Management.

Qualifications

• CPM (Certified Property Management) certification preferred.
• Possession of, or ability to obtain, an appropriate, valid California driver’s license.

Benefits

HACLA provides a comprehensive benefits package including:

• Short-Term Disability/Long-Term Disability/Mandatory Life
• Pension Plan
• General Leave/Holidays/PTO
• Additional Optional Benefits
• Medical/Dental/Vision Plan
• Annual leave accruals vary, depending upon the type of job/position (membership in employee organizational group) and years of service.
• Opportunity to earn up to 160 hours of Paid Time Off (PTO).