Senior Asset Manager

Salary Range: 130000 to 140000 (Currency: USD) (Pay period: per-year-salary)

Job Responsibilities

• Take the lead on creating and maintaining comprehensive asset management/strategy plans for each property in assigned portfolio
• Take the lead on limited partner buyouts and refinancing of debt.
• As assigned, work with Development and Property Management to create accurate pro forma and long-term strategic plans for new properties
• Complete portfolio analysis and summary reports to determine concerns impacting the financial and/or physical health of the asset
• Ensure properties are meeting financial goals as projected/required under all agreements or regulations Review all reporting information due to investors/lenders Research partnership agreements, financing documents, regulatory agreements, tax returns, and other source documents to determine constraints and barriers to long- term needs
• Conduct site visits, document property condition and develop corrective action as appropriate
• Review all governing documents for new and existing properties
• Collaborate with others to resolve issues related to cash- flow and long-term capital needs, including working with investors/lenders to free-up existing reserves or secure loans


Financial Analysis
• Evaluate property plans to ensure surplus cash will meet long-term corporate cash flow targets
• Manage annual budget process with assigned portfolio; propose solutions to cash-flow issues
• Monitor portfolio to ensure that financial performance is in- line with the budget and that variance explanations meet BRIDGE and investor/lender requirements
• Monitor and review audits to ensure surplus distributions are made correctly and on a timely basis
• Monitor that properties moving into operations are meeting financial performance according to the pro forma


Relationship Management
• Establish and maintain good working relationships with lenders and investors as the primary contact for properties in the assigned portfolio
• Negotiate with partners and/or lenders as needed to amend agreements
• Facilitate approval processes with lenders and/or investors as needed
• Develop and sponsor occasional meetings to review portfolios with investors, lenders, and internal groups, including the coordination of on-site property visits in the portfolio
• projects with outside partners
• Prepare annual Board reports for single purpose entities and
• Coordinate all responses to questions from investors/lenders on assigned portfolio


Physical Planning
• Review long-term capital plans for the properties in assigned portfolio, suggesting adjustments to the Portfolio Rehabilitation Manager if necessary, managing reserve balances to meet long-term cash needs, identifying those properties requiring outside funding, and ensuring that major projects are progressing on plan

Qualifications

• Bachelor’s Degree in Finance, Business Administration, Accounting or related field
• Seven or more years of experience in real estate or finance with emphasis on financial analysis of large portfolios Experience in managing limited partner interest buyouts and refinancing
• Experience in at least four of the following areas: non-profit affordable housing, refinancing of debt, HUD regulatory programs, real estate accounting, financial analysis, property management or project development Demonstrated proficiency with Excel and Word
• Ability to multitask and adapt to changing priorities in a fast- paced and collaborative environment
• Ability to present comfortably and in a well-organized manner in front of large groups
• Ability to prepare financial feasibility analyses and strategic plans, conduct research, and prepare narrative reports and proposals
• Strong analytical and accounting skills
• Strong written and verbal communication skills
• Good business and financial judgment
• Ability to work effectively with all levels of staff in many departments, external financial professionals, and public officials
• Experience with, or strong interest in, non-profit organizations
• Ability to provide day-to-day support of assigned portfolio with minimum supervision