VICE PRESIDENT OF ASSET MANAGEMENT

Join Tulsa Housing Authority and help create a better Tulsa by transforming lives and communities! When you combine a rewarding mission with our incredible benefits package—including 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.

About the role

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.

Responsibilities

• Portfolio & Performance Oversight
  • Oversee the entire multifamily portfolio, 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 Management
  • Assist in developing, reviewing, and managing annual budgets and financial models.
  • Review capital expenditures to ensure alignment with strategic goals and ROI expectations.
  • Ensure 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 & Strategy
  • Collaborate 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 satisfaction.
  • Align operational practices with THA’s broader strategic initiatives and development pipeline.
• Communication & Reporting
  • Provide regular, transparent, and comprehensive reporting to investors, lenders, partners, and THA staff.
  • Ensure all properties maintain compliance with HUD, LIHTC, Lenders, and other applicable regulatory requirements.
• Risk Management
  • Monitor reserves, cash position, and potential operational risks.
  • Identify and address issues such as staffing shortages or vendor failures.
  • Oversee the procurement, management, and renewal of all property and liability insurance policies across the portfolio.
  • Lead the annual marketing of insurance coverage, in partnership with the insurance broker, to ensure competitive pricing and appropriate coverage levels.
  • Evaluate insurance policy terms, limits, deductibles, and exclusions to balance risk mitigation and cost efficiency.
  • Coordinate with brokers, carriers, and legal advisors to manage claims, minimize loss exposure, and ensure timely resolution.
  • Ensure compliance with lender, investor, and regulatory insurance requirements.
• Exit Strategy & Disposition
  • Evaluate and recommend strategies for asset disposition, refinancing, or recapitalization.
  • Analyze market conditions and asset performance to determine optimal timing for transactions.
  • Coordinate with brokers, legal counsel, and financial partners to execute sales or refinancing activities.
  • Maximize financial returns while aligning with THA’s long-term strategic goals.
• 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.

Requirements

• 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.
• Bachelor's degree (B.A./B.S.) in Finance or related fields, from a four-year college or university and four (4) or more years related experience and/or training; or 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).
• Demonstrated strong fiscal, administrative, and operational leadership abilities. The ability to take initiative and lead others.

Benefits

• Retirement: Principal 401(k) retirement plan with 11% THA contribution; employee may also contribute.
• Health: Blue Cross Blue Shield Oklahoma health plan available the beginning of the month after start date.
• Life Insurance: 1.5x annual salary paid for by THA.
• Paid Time Off:
  • Twelve (12) paid holidays.
  • Company paid time off December 24th – January 1st.
  • Annual leave accrual:
    • 0 – 3 years of service: 12 days per year.
    • 4 – 6 years of service: 15 days per year.
  • Sick leave accrual: 12 days per year.
• Additional Benefits Available:
  • Dental and vision available the beginning of the month after start date.
  • Flexible Spending Account (Individual and/or Dependent Care).
  • CareATC for primary care appointments at no cost to the employee (and other family members).

Pay

Salary Range: $119,700 - $149,600