Vice President, Asset Management

1 month ago


los angeles, United States Macdonald & Company Full time

Macdonald & Company is partnering with a prominent affordable housing owner, investor, and developer seeking to appoint a Vice President of Asset Management for their Los Angeles office. This role is pivotal in shaping the strategic direction and maximizing the value of a diverse portfolio of properties.


Key Responsibilities:

  • Lead and execute asset management strategies that enhance property value, optimize cash flow, and ensure the successful execution of key capital projects.
  • Develop a comprehensive understanding of each asset’s unique operational challenges and identify opportunities for performance improvement.
  • Oversee and guide large-scale capital projects, ensuring seamless collaboration between contractors and service providers, with a focus on on-time and within-budget delivery.
  • Cultivate and maintain strong relationships with property management teams, proactively addressing issues and ensuring alignment with strategic goals.
  • Conduct detailed financial analysis, comparing monthly and quarterly financials against budgets, and ensure data integrity and accuracy.
  • Develop and manage annual operating and capital budgets, ensuring they align with the overarching asset management strategy.
  • Work closely with compliance teams to ensure adherence to regulatory requirements across various government housing programs.


Qualifications:

  • Bachelor’s degree in Business, Finance, Real Estate, or a related field.
  • 7-12 years of experience in real estate asset management or finance, with a strong focus on affordable or workforce housing.
  • Proven background transitioning from property management to asset management.
  • Demonstrated ability to interpret complex financial data and develop data-driven strategies.
  • Exceptional communication skills, adept at engaging with investors, regulatory agencies, and internal teams.
  • A history of career progression with a commitment to ongoing professional growth.
  • Strong organizational and problem-solving skills, with a proactive mindset.
  • Advanced proficiency in Microsoft Excel and Word.
  • Willingness to travel within California.


Compensation & Benefits:

  • Competitive base salary
  • Discretionary annual bonuses
  • 401K with company match
  • Generous paid time off and company holidays



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