Stabilized Asset Manager
Employment Information
Report this job
Job expired or something wrong with this job?
Job Description
Asset Manager overseeing a portfolio of LIHTC properties at a real estate investment company. Responsible for financial analysis, property management oversight, and compliance monitoring.
Responsibilities:
- Oversee a portfolio of approximately 65 stabilized LIHTC properties
- Oversee, analyze, and report on financial performance
- Monitor budgets (compared to actuals) and review occupancy levels (rent rolls) as necessary
- Monitor overall operational performance of regional portfolio and communicate progress and issues
- Evaluate property management performance as required
- Conduct all necessary annual site visits
- Work closely with third party property managers and leasing agents
- Maximize total return for each assigned asset
- Evaluate and monitor LIHTC compliance and other risk factors quarterly
- Review partnership agreements, regulatory agreements, and financing documents
- Review year-end financial audits for respective LIHTC partnerships
- Analyze quarterly and annual property performance compared to budget and underwriting
- Ascertain and work to resolve issues through collaboration with general partners, property managers, internal committees, lenders, and governmental/regulatory entities
- Forecast and analyze benefit streams of lower tier partnerships for Fund Management and Accounting
- Monitor reserve balances and oversee requests for release of replacement and operating reserves
- Review and process investor capital calls and lower tier capital contributions
- Complete a monthly report for concern properties determined to be at risk
- Develop and distribute periodic asset management reports to investors, consultants, and other partners
- Complete ad hoc assignments and/or projects required by the Asset Management Department
Requirements:
- Bachelor’s degree in finance, or Accounting
- Minimum 3+ years of experience working in the affordable housing sector doing accounting work or financial analysis, and/or: 3+ years of experience in real estate and/or multi-family housing as an asset manager with stabilized and/or special assets portfolio
- Experience required in LIHTC
- strong financial analysis skills
- Knowledge of multi-family real estate operations, including property management
- strong computer skills and thorough knowledge of Outlook, MS Word and Excel
- excellent communication and organizational skills
- proactive and can multi-task and work in a fast-paced deadline driven environment
Benefits:
- medical, dental, and vision insurance
- paid time-off
- 401k match
- life insurance
- long-term disability
Similar Jobs
Government Lending Annual Servicing Manager
Government Lending Annual Servicing Manager responsible for managing financial servicing tasks for Government Loan Portfolio. Engaging with clients for financial updates and collaborating with internal teams.
Manager – Client Coding Integration
Manager of Client Coding Integration at Ensemble providing strategic direction for coding operations. Overseeing client coding processes and collaborating with leadership for enhanced service delivery.
Licensed Vocational Nurse, In-Patient Case Manager
LVN Case Manager coordinating care for patients in hospital or Skilled Nursing Facilities. Also collaborating with interdisciplinary teams to ensure high-quality patient management in acute care settings.
Senior Manager, Store and Veterinary Hospital Development Projects
Sr. Manager ensuring proper organization on new, remodel, and vet hospital store openings. Collaborating with departments to oversee project metrics and improvement processes.
Field Access Manager – Northeast
Field Access Manager responsible for patient access education and reimbursement support for Averitas products. Collaborating with key stakeholders and ensuring compliance across patient services.
Virtual Field Access Manager – vFAM
Virtual Field Access Manager educating provider offices on access resources for patients remotely. Collaborating with stakeholders to facilitate access and addressing challenges for QUTENZA and Averitas products.
Consultative Coding Manager
Consultative Coding Manager at CenterWell extracting clinical information and assigning medical codes from various records. Collaborating with other managers and ensuring proper coding practices.
Direct Bill Manager
Direct Bill Manager at The Hilb Group managing revenue and expense accuracy through statement reviews. Collaborating with team and clients to ensure timely postings and compliance with financial reporting.
Customer Analytics Manager
Manager of Customer Analytics leading data-driven insights for Tulip's retail SaaS product. Working collaboratively across teams to drive analytics and customer success in retail environments.
Senior Development Manager
Senior Development Manager leading Vot-ER's fundraising operations through donor engagement and project management. Collaborating with the Development team to build a strong network for civic engagement.
Health and Safety Manager
Health & Safety Manager responsible for ensuring safe operations at multiple event venues in Glasgow. Managing daily safety tasks and collaborating with project teams throughout event duration.
Project Delivery Manager – MBAN Interns
Intermediate Project Delivery Manager for SimpliCity, a Canadian GovTech startup managing technical projects and onboarding municipal partners. Focused on improving municipal digital services and application implementation.
DMEAL Manager – DDP
DMEAL Manager overseeing DDP framework and supporting program activities. Involvement in donor reporting and community engagement.
Capacity Building Manager – DDP
Capacity Building Manager supporting DDP initiatives across Africa and Latin America. Responsible for developing support models and networking with local organizations.
Grants Manager – DDP
Grants Manager managing regranting processes and supporting Grants officers for DDP programs. Ensuring compliance with grants procedures and providing guidance to the Grants team.
Export Area Manager - Wines
Responsible for developing export strategies for the wine sector in Europe and North America. Requires strong experience in international markets and wine sales.
Personal VIP Manager, Italian Language
VIP Personal Manager managing VIP customer engagements and support in iGaming for European market. Collaborating with users to enhance their experience and resolve issues with effective communication.
Program Development Manager
Program Development Manager leading JOC program start-ups and re-bids. Overseeing cross-functional coordination to support strategic decisions for program performance.
Senior Property Manager – Short-Term Rentals
Senior Remote Property Manager leading a diverse portfolio of short-term rentals across Europe. Maximizing occupancy, optimizing operations, and delighting guests from a remote office.
Lead Property Manager – Short-Term Rentals
Senior Remote Property Manager managing high-demand short-term rental properties across Europe. Driving operational excellence and revenue growth through hands-on management of property operations.