Regional Asset Management Director
4 weeks ago
Dominium is helping tackle the affordable housing crisis - and we're looking for motivated candidates to join our team and help further our mission. With offices in Minneapolis, Atlanta, Dallas and Phoenix, Dominium is one of the nation's most respected and innovative affordable housing development and management companies. We create quality, affordable homes and engage with our residents daily to create a strong sense of community and connectivity.
Join us in making a difference in people's lives every day at a company where you can challenge yourself to develop both personally and professionally.
POSITION SUMMARY:
The Regional Asset Management Director role requires strong leadership, communication, analytical, and strategic planning skills to drive the success and growth of Dominium's multifamily portfolio. As a Regional Asset Management Director at Dominium, you will play a pivotal role in overseeing the physical, financial, and operational aspects of a diverse portfolio of multifamily communities, encompassing both market rate and affordable housing. Your primary objective will be to maximize the long-term value of these communities.
ESSENTIAL FUNCTIONS:
* Evaluates the physical, financial, and operational aspects of a diverse portfolio of multifamily communities consisting of market rate and affordable communities to maximize long-term value.
* Communicates regularly with Property Management, Project Partners, and other stakeholders as needed to drive portfolio performance and advance portfolio goals.
* Creates, analyzes and evaluates reports, data, and other information to effectively monitor portfolio goals and performance.
* Develops partnerships with multiple stakeholders, departments, and third parties through clear, intelligent, and routine communications. Ensure all reporting packages for limited partners, lenders, and others are prepared and submitted as required and timely.
* Prepares action plans, reports, and other deliverables as requested by the Project Partner to address short, mid, and long-term performance.
* Partners with interdepartmental teams with the planning and execution of value events including acquisitions, refinancing, repositioning, resyndications and sales within the portfolio.
* Ensures adherence to proforma and the quality and timeliness of stakeholder deliverables.
* Creates business plans for each asset, partnering cross-functionally to ensure ownership goals are understood and met.
* Inspects and reviews the physical condition of each asset in your portfolio as scheduled, reporting results to key stakeholders and partnering with Property Management and Ownership to drive improvements (if needed).
* Acts as a resource for all members of the organization on specialized areas, including partnership agreements, loan documents, tax returns, restrictive covenants, and other items as necessary.
* Develops plans, ideas, and strategies to drive asset performance, including the identification of additional income generating opportunities.
* Manages ancillary income functions for region, including easement requests, cable contracts, and other items as needed.
QUALIFICATIONS:
* Bachelor's degree in Real Estate, Accounting, Finance, Economics, or related field. Professional designations (i.e. HCCP, CCIM, CPM, COS, CAM) preferred.
* 7 years experience in Multifamily Asset Management, preferably in Affordable Housing.
* Advanced knowledge of Windows, Microsoft Word and Excel and Outlook and Yardi experience is a plus.
* Thorough knowledge of affordable housing industry a plus, including Section 42, Section 8, HOME, and other affordable programs.
* Advanced verbal and written communication skills and strong organizational and analytical skills.
* Advanced mathematical and reasoning skills; and general accounting background preferred.
* Ability to comprehend highly complex partnership structures, waterfalls, and distribution possibilities.
* Must be able to synthesize and analyze qualitative and quantitative data from multiple sources to draw conclusions.
About Us: Dominium is one of the leading affordable housing development and property management companies nationwide. We operate in approximately 20 states and employ over 1,200 employees. For 50 years, we have offered excellence to the development and management of affordable housing communities across the United States. Dominium's values - creating long-term value, developing people, integrity, and growth - are built upon our company's mission and vision. We offer a competitive salary, incentive bonus program, training and development programs, career growth opportunities and community volunteer and outreach programs. We also offer a comprehensive benefits package for eligible employees including Medical, Dental, Life & Disability, Paid Time Off, 401(K), Flexible Spending Accounts, Employee Recognition & Wellness Programs.
Dominium is committed to a diverse and inclusive workplace. Dominium is an equal opportunity employer and does not discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or other legally protected status.
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