VICE PRESIDENT OF ASSET MANAGEMENT

Job Details Description Join Tulsa Housing Authority and help create a better Tulsa by transforming lives and communities! Joining our mission at Tulsa Housing means that you can make an impact right here in the Tulsa community, helping those who are most vulnerable to secure and maintain safe, decent housing. Leave your job at the end of the day knowing that you made a difference in the lives of those in need and that you are fighting against the chains of poverty that hold down so many families. When you combine such a rewarding mission with our incredible benefits package, that includes a low-cost employee only health insurance option and an 11% employer 401K contribution, you have one of the best places to work in Tulsa! Salary Range: $119,700 - $149,600 Summary The VP of Asset Management is responsible for the strategic oversight of THA’s portfolio of apartment communities, ensuring they operate efficiently, meet performance targets, and meet deliverables for investors. This role blends operations, finance, and strategic planning, working closely with the Affordable Housing, Rental Assistance, Development, and Finance/Accounting Departments. The VP of Asset Management is the strategic leader of THA’s multifamily portfolio, ensuring it runs profitably, meets investor objectives, and delivers exceptional resident experiences. This role demands a mix of financial acumen, operational oversight, and leadership skills. Essential Duties And Responsibilities Portfolio & Performance OversightOversee the entire multifamily portfolio, not just individual properties, aligning strategies across all communities.Monitor key performance indicators (KPIs) such as occupancy, collections, delinquency, and expenses. Track actuals vs. pro forma projections and make recommendations on budgets accordingly. Ensure consistent asset performance reporting and data integrity across all properties Financial ManagementAssist in developing, reviewing, and managing annual budgets and financial models Review capital expenditures to ensure alignment with strategic goals and ROI expectationsEnsure adherence to annual budgets and value-added strategies Oversee DSCR testing for assets going through conversion Partner with Finance to ensure accurate financial reporting and budgeting Operations & StrategyCollaborate with property managers to improve leasing, marketing, staffing, and maintenance Assist with major unit renovations, amenity upgrades, and rent increases Develop and implement value-added strategies and capital improvement plans to enhance asset value and resident satisfactionAlign operational practices with THA’s broader strategic initiatives and development pipeline Communication & ReportingProvide regular, transparent, and comprehensive reporting to investors, lenders, partners, and THA staffEnsure all properties maintain compliance with HUD, LIHTC, Lenders, and other applicable regulatory requirements Risk ManagementMonitor reserves, cash position, and potential operational risks Identify and address issues such as staffing shortages or vendor failures Oversee the procurement, management, and the renewal of all property and liability insurance policies across the portfolioLead the annual marketing of insurance coverage, in partnership with the insurance broker to ensure competitive pricing and appropriate coverage levelsEvaluate insurance policy terms, limits, deductibles, and exclusions to balance risk mitigation and cost efficiencyCoordinate with brokers, carriers, and legal advisors to manage claims, minimize loss exposure, and ensure timely resolutionEnsure compliance with lender, investor, and regulatory insurance requirements Exit Strategy & DispositionEvaluate and recommend strategies for asset disposition, refinancing, or recapitalizationAnalyze market conditions and asset performance to determine optimal timing for transactionsCoordinate with brokers and legal counsel, and financial partners to execute sales or refinancing activitiesMaximize financial returns while aligning with THA’s long-term strategic goals Required Skills & Qualifications Experience: Four (4)+ years in multifamily asset management Education: Bachelor’s degree in finance or related field or seven years (7) or more experience in lieu of college degree Technical Skills: Proficiency with Microsoft Office, and financial modeling tools Soft Skills: Strong analytical and strategic thinking, teamwork, communication, and ability to work in a fast-paced environment EDUCATION And/or EXPERIENCE Bachelor's degree (B.A./B.S.) in a technical discipline of Finance or related fields, from a four-year college or university and four (4) or more years related experience and/or training; Seven years (7) or more experience in lieu of college degree, or equivalent combination of education and experience in housing development, business, finance, planning, or a related field, preferably for a non-profit, government agency or private financial institution. Advanced degree preferred.Must have a valid Oklahoma driver's license (must be obtained within 30 days of hire). Supervisory Responsibilities Carry out supervisory responsibilities in accordance with the organization's policies and applicable laws.Responsibilities include interviewing and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.The incumbent employee must demonstrate strong, fiscal, administrative, and operational leadership abilities. The ability to take the initiative and lead others. Benefits Summary Principal 401(k) retirement plan with 11% THA contribution; employee also may contributeHealth plan (Blue Cross Blue Shield Oklahoma) available the beginning of the month after start dateLife insurance - 1.5x annual salary is paid for by THATwelve (12) paid holidaysCompany paid time off December 24th – January 1stAnnual leave accrual0 – 3 years of service: 12 days per year4 – 6 years of service: 15 days per yearSick leave accrual (12 days a year) Additional Benefits Available For Employees Dental available the beginning of the month after start dateVision available the beginning of the month after start dateFlexible Spending Account available (Individual and/or Dependent Care)CareATC for primary care appointments at no cost to an employee (and other family members) E-VERIFY REQUIRED NOTIFICATION To Applicants This employer participates in E-Verify and will provide the federal government with your Form I-9 information to confirm that you are authorized to work in the U.S. EQUAL EMPLOYMENT OPPORTUNITY CLAUSE THA is an Equal Employment Opportunity employer and does not discriminate against employees or job applicants on the basis of race, religion, color, sex, age, national origin, disability, or any other status or condition protected by applicable state or federal laws, except where a bona fide occupational qualification applies.