Director of Asset Management

1 week ago


Columbus, United States ATARID Specialist Recruiters to the Property & Asset Management Industry Full time

Overview of Opportunity in Affordable Housing We are partnering with a prominent development and management firm specializing in affordable housing to identify experienced professionals in the property and asset management sector. Key Responsibilities Communicate the business plan to property management teams for asset refinancing, re-syndication, or sale preparations. Conduct periodic visits to assets to assess performance and needs. Evaluate the physical requirements of communities and provide informed recommendations. Develop a thorough understanding of local rental markets to make strategic decisions. Analyze market rents and strengths, and propose recommendations based on findings. Identify opportunities for additional income generation within the portfolio. Participate in operational reviews, providing reports on operations, cash flow, and other metrics. Offer support to property management for low-performing properties until stabilization is achieved. Assist in due diligence for potential property acquisitions. Collaborate to ensure compliance with federal, state, and regulatory requirements. Review initial budgets against proforma and provide variance summaries. Engage in the annual budgeting process. Conduct market analyses, quality assurance reviews, physical needs assessments, and financial statement reviews. Interact with various stakeholders including vendors, departments, financial agencies, investors, and lenders. Stay informed on industry trends, best practices, and emerging technologies. Participate in team meetings and collaborate with colleagues on assigned projects. Qualifications A Bachelor’s degree in business, finance, or a related field is required. A minimum of 3 years of experience managing affordable housing assets, particularly involving Low-Income Housing Tax Credit (LIHTC) properties, is essential. Prior experience with syndicators is preferred. Strong financial acumen, including expertise in budgeting, financial modeling, and reporting, is necessary. Willingness to travel is required. Location and Compensation This opportunity is based in Columbus, OH. Compensation is negotiable and commensurate with experience, complemented by a benefits package and potential bonuses. If you are interested in this opportunity, please submit your resume along with your availability for a confidential discussion. Employment Type: Full-Time #J-18808-Ljbffr



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