Asset Manager, Related California

Responsibilities

Support day-to-day asset management activities for a defined group 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.
• Highly organized with an ability to process multiple active projects and initiatives simultaneously.
• Effective at idea generation, strategic planning and implementation.
• Excellent written and verbal communication skills.
• Must be a team player but also a self-starter that can perform with limited direction or oversight.

Skills

• Strong work ethic.
• Intellectual curiosity for learning.
• Strong working knowledge of affordable housing operations and finance.

Benefits

• Competitive base salary range of $100,000 - $140,000.
• Discretionary bonus incentives.
• A comprehensive benefits package.

Pay

• Anticipated base salary range: $100,000 - $140,000.

Schedule

• Full-time.
• Located in Related’s Newport Beach office.