Portfolio Asset Manager

2 weeks ago


Eagle, Idaho, United States The Pacific Companies Full time
Company Overview:
The Pacific Companies (TPC) is a leading privately-owned organization committed to excellence in the multifamily housing sector. Our vertically integrated structure enables us to oversee every facet of our projects, from architecture and development to finance and asset management. We take pride in our dedication to affordable workforce, family, and senior housing, which has earned us recognition as the top Affordable Housing Developer nationally according to AHF Magazine.

Position Summary:
We are seeking a motivated, analytical, and results-driven individual to join our team as an Asset Manager for our expanding portfolio. This multifamily housing portfolio encompasses a variety of urban and rural markets and is experiencing rapid growth.

Key Responsibilities:
  • Assist the Executive and Senior Asset Managers in their duties.
  • Oversee the economic, financial, physical, and compliance aspects of the portfolio, developing strategies for optimal asset performance.
  • Collaborate with various departments, including finance, construction, architecture, and accounting, to ensure compliance and performance standards are met.
  • Conduct thorough research on legal and relevant documents to understand compliance requirements for each asset.
  • Interpret and apply regulatory requirements of the Low-Income Housing Tax Credit (LIHTC) program, assessing their impact on rental community operations.
  • Review financial and operational plans, identifying issues for reforecasting or resolution.
  • Work with management companies and operating software to ensure accuracy in financials, rent rolls, budgets, tax returns, and audits.
  • Identify and prioritize project issues, collaborating with general partners for effective resolutions.
  • Guide post-closing changes, ensuring documentation is complete and timely.
  • Coordinate with property management, housing authorities, and development team members to ensure compliance with management plans and regulatory requirements.
  • Develop and refine reporting procedures and systems to enhance data collection and communication.
  • Conduct site visits and evaluate property management practices.
  • Oversee the submission of Annual State, Federal, and Financial reports as required.
  • Assist in property sales and transitions in collaboration with the Executive Officer.
Qualifications:
  • Bachelor's degree in Finance, Business Administration, Management, Real Estate, or a related field. Alternative qualifications will be considered.
  • A minimum of 2 years of experience in finance or real estate, with a preference for asset management or banking.
  • Experience in multifamily asset management, lending, operations, or construction/rehabilitation is preferred.
  • Familiarity with public and private housing asset management and compliance requirements.
  • Strong multitasking abilities and capacity to manage competing demands effectively.


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