Asset Manager - Bay Area, CA

Location: Oakland, San Francisco or San Jose, CA Employment Type: Full-time Compensation: $120K-$140K, depending on experience About The Employer Named as a national "Top 10" Affordable Housing Developer by Affordable Housing Finance Magazine, The Pacific Companies is a catalyst for growth, deploying comprehensive real estate development capabilities and shaping neighborhoods. Established in 1998 and based in Eagle, Idaho. With communities across the US facing a shortage of quality housing, The Pacific Companies is seeking ambitious, productive, and trustworthy individuals to join the team. Role Summary We are seeking an experienced Asset Manager for the Bay Area who can oversee a growing portfolio of properties. The job would require some travel to properties in the Bay Area. What You'll Do Oversees and manages the economic, financial, physical, and compliance needs of their portfolio, including creating strategies for each asset for optimum performanceCollaborate with other departments including finance, construction, architecture, and accounting to ensure all aspects of the assets meet company standards and compliance standardsResearching legal and other pertinent documents (i.e. LPAs, subsidy contracts, loan agreements, tax returns, audits, regulatory agreements, guaranty agreements, cash flow/capital transaction waterfalls, etc) to understand each asset's requirements of Low-Income Housing Tax Credit (LIHTC) program. Understand the implications of the program and how they impact the operations of rental communitiesReview detailed financial and operational planning, and budgeting to identify issues for reforecasting or resolutionWork with Management companies and operating software to ensure financials, rent rolls, annual budgets, tax returns, and audit reviews are loaded and accurateIdentify, prioritize, and follow-up on problems/issues with projects and/or credit and work with general partners to help resolve issuesProvide guidance on requirements for post-closing changes, work with the team to ensure documentation is adequate, and completed timely, staying in the loop on any issuesCoordinate with property management, housing authorities, supportive services, project managers, and other development team members to ensure that lease-up, marketing, outreach, and maintenance of waiting lists are handled in accordance with the management plan and all regulatory requirements and, that goals for lease-up are met on timeWork collaboratively to collect data, track projects, enhance communication, and distribute to department and greater asset management teamConduct project site visits, and review property management companies and practicesCompiles or oversees and tracks the submission of Annual State, Federal, and financial reports as requiredManage relationships with limited partners/investors, lenders, and housing finance agencies on assigned assetsDispositions: work with the Executive Officer on the sale of properties and work with management companies during the sale and transition Required Qualifications Bachelor's degree in Finance, Business Administration, Management, Real-Estate, or related field; alternative education and experience qualifications welcome5+ years of financial or real estate experience; property management or asset management preferredPreference for multi-family experience (asset management, management, operations, construction/rehab)Experience in public and private housing asset management/finance programs and related compliance requirementsAbility to multi-task and deal with stress, balance competing demands on time and remote working Preferred Qualifications Strong working knowledge of LIHTC (9%/4%), tax-exempt bonds, HOME funds, Section 8/HAP contracts, and related regulatory structuresDemonstrated ability to read and analyze property-level financial statements, budgets, and variance reportsExperience overseeing third-party property management companies or working in property managementExcellent written and verbal communication skills; comfortable presenting to investors, lenders, and internal leadershipAdvanced proficiency in Excel and financial modeling; familiarity with asset/property management software (e.g., Yardi, MRI) How to Apply Apply through The Pacific Companies' job posting.