Director of Asset Management

4 weeks ago

Doral, United States Macdonald & Company Full time

One of the 20 largest owners of affordable housing in the country is looking for a Director of Asset Management to be based in Miami, with regular travel across the state. Reporting to the Senior Director - Asset Management, you will be the main liaison between ownership and 3rd party property management. The primary objective of this role is to manage all operational aspects of the portfolios assets, drive excellence in asset performance and business plan execution.

Responsibilities:

  • Assist with driving asset performance, generate and execute strategic asset plans; strategically manage property cash flow, and major repair and maintenance capital improvements.
  • Develop a thorough understanding of each property and its challenges, assess implementation of strategic initiatives, assess operational and management performance, and identify opportunities for improvement. Coordinate and manage strategic capital improvement plans carried out by general contractors and third-party vendors.
  • Forge strong relationships with operating partners to proactively work through challenges and communicate concerns up internal and external chains of command when expectations are not being met.
  • Analyze and ensure the integrity of monthly and quarterly property-level financial statements vs. budget or proforma.
  • Creation and implementation of annual operating and capital budgets.
  • With the support of our Compliance team, monitor compliance requirements and deadlines across multiple government agencies and programs.
  • Maintain terms of partnership agreements, loan documents, regulatory agreements and various property agreements.
  • Coordinate communications and manage requests from investors, lenders, governmental agencies, and other stakeholders.
  • Support our Construction Services and Acquisitions teams with ad-hoc coordination and communication as needed.
  • Conduct frequent physical inspections of each asset and its competitive market in the portfolio.

Requirements:

  • Bachelors degree required, preferably in Business, Finance, Real Estate, or related fields
  • 3-5 years of experience with real estate asset management and finance
  • Operational experience with financial reporting and managing equity investments, in essential housing
  • Strong analytical skills, with the ability to evaluate complex data and present solutions
  • Effective communication and presentation skills to work effectively with and present to a broad range partners, agencies and third-party managers
  • Ambition, a strong desire to learn, to achieve, a history of career advancement
  • Organizational skills; the ability to manage your time, focus and communicate with clarity
  • A sense of urgency, an internal clock that helps you move with purpose and meet deadlines
  • Proficiency in Microsoft Excel and Word
  • The ability to travel as needed

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