Asset Manager

3 weeks ago


Atlanta, United States RESOURCE HOUSING GROUP INC Full time

Resource Housing Group (RHG) is a dedicated nonprofit organization established in 1994,

committed to providing quality, secure, and affordable housing for low-income (LI) families. With

a track record of success, RHG has developed over 6,000 units of affordable housing across the

Southeastern United States, owning more than 50 affordable housing developments.


Responsibilities

·      Analyze monthly financial statements of all assigned projects for variances between actual and budget, ensuring adequate escrow balances, bond funds and accruals.

·      Provide monthly budget variance commentary on all assigned projects to the internal management team.

·      Work closely with Property Managers to provide direction for and oversight of operating plans, budgets, and forecasts. Specific tasks include approving and submitting reserve draws, reviewing/approving third party contracts, rent increases, non-budgeted large expenditures.  Participate in the annual budget review process by preparing operational trends to budget analysis.

·      Assist with the year-end financial audit review to ensure accuracy of the accounting data.

·      Maintain and update project summary data and financials MRI internal reporting software.

·      Work closely with Property Management, Asset Management and Development.

·      Carry out periodic on-site inspection property visits to evaluate the physical condition of property. Provide feedback to the Property Manager as needed. 

·      In conjunction with third party property management team, develop preventative maintenance program, monitor its implementation, and conduct property inspections.

·      Identification and analysis of under-performing assets, and preparation and implementation of proactive operational work-out strategies.

·      Review and evaluate rent structure for each property based on market analysis and ownership objectives.

·      Maintain and track reporting requirements for all syndicators, investors, and financial institutions.

·      Review Insurance Requirements; work with broker on obtaining new policies, and review of renewals. Open claims as needed.

·      Review Property Tax assessments and submit appeals if needed.

·      Perform other duties as assigned by CFO or other senior management staff.

·      Keep senior management regularly informed regarding the asset performance.


Qualifications

·      Four-year college degree in Accounting or Finance or related field

·      Proficiency in Microsoft Office (proficient in Excel & Word)


Essential Skills

·      Self-motivated with the ability to prioritize and multi-task in an environment of multiple responsibilities

·      Deadline driven with a high degree of energy and enthusiasm

·      Detail – Oriented

·      Some experience with physical property experience

·      LIHTC experience (Plus)


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