Asset Manager, Related California

Responsibilities

• Support day-to-day asset management activities for a defined group (15-25) of affordable housing properties, under the guidance of a Senior Asset Manager
• Provide analytical and administrative support to the Senior Asset Manager across the region
• Oversee property management or operating partners to ensure execution of business plan; conduct site visits to assess physical condition, operations, and compliance, and ensure timely resolution of action items
• Analyze monthly property reporting (income statement, balance sheet, rent roll, etc.) and meet regularly with regional or site staff to review and course correct where necessary
• Participate in annual budgeting and periodic reforecasting process; monitor performance against budget and explain key variances
• Oversee and monitor loans and regulatory agreements for continued compliance
• Respond to all stakeholder inquiries regarding property operations & performance
• Participate in refinances, recapitalizations, acquisitions, and dispositions of assets
• Take ownership in identifying value-add opportunities and strategies throughout the assets
• Oversee cash management for each property, including tracking capital improvements, managing operating and reserve balances, and annual cashflow distributions
• Manage all real estate tax exemptions, including submission of annual filings
• Manage database of property valuations and ensure accuracy of tax billings
• Report, track and manage all insurance-related incidents
• Support Loan Conversions on new property deliveries and participate in the transition from development to operations

Qualifications

• Bachelor’s degree and/or 3-5 years of relevant experience in property management, asset management, or a related real estate role
• Strong understanding of property operations, financials performance and budgeting
• Experience reviewing monthly financial statements and annual operating budgets
• Complex thinker with intellectual curiosity and a propensity to question established tenets
• Keen attention to detail and innate time management skills
• Suitability to an entrepreneurial culture that places a premium on performance
• Exceptional interpersonal skills to represent the firm in a professional manner externally with third-party partners and their affiliates
• Commercially conscious with an entrepreneurial spirit who demonstrates sound judgment and an aptitude for identifying opportunities and crafting creative solutions
• Strong MS Office, Excel, Outlook and Word skills are a prerequisite; experience

Pay

The anticipated base salary range for this position is listed below. In addition to a competitive base salary, you will be eligible to receive discretionary bonus incentives and a comprehensive benefits package. Anticipated base salary range: $100,000 - $140,000 Actual base salary within the anticipated range will be determined by several components including, but not limited to, the individual's experience, skills, qualifications, and market factors.