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Asset Manager

2 months ago

Newport Beach, California, United States Community Development Partners Full time
About the Role

We are seeking a highly skilled Asset Manager to join our dedicated team at Community Development Partners. As an Asset Manager, you will play a critical role in leading a growing portfolio of affordable housing communities, ensuring that our mission-based goals are met.

Key Responsibilities
  • Maintain a detailed working knowledge of each project within your portfolio, monitoring asset performance and financials.
  • Oversee and monitor the achievement of benchmarks such as construction completion, qualified occupancy, stabilization, and permanent loan conversion of LIHTC projects.
  • Use your in-depth knowledge of property operations to guide property management in decision-making based on budgets, cash balances, development processes, and business plans.
  • Partner closely with our resident services coordinator to ensure resident and community goals and objectives are met.
  • Ensure compliance for your portfolio by tracking and overseeing management company filings, including state, lender, and investor reporting, as well as tax exemptions by non-profit partners.
Requirements
  • Strong written and verbal communication skills, with a thorough understanding of MS Office and Google Workspace, including advanced knowledge of MS Excel.
  • A strong customer focus, with dedication to meeting the expectations, needs, and requirements of internal and external customers.
  • Ability to work successfully both independently and with others, building professional working relationships based on mutual trust and respect.
  • Comprehensive understanding of financial statements, including Operating Statement, Rent Roll, Balance Sheet, and Aged Receivables.
  • A strong understanding of development, finance, operations, or affordable housing.
  • Strong planning and organizing skills, with the ability to work on multiple projects simultaneously and while adhering to deadlines.
  • Ability to periodically travel to your West Coast properties.
Preferred Qualifications
  • Bachelor's degree in real estate, finance, economics, or a related field, or equivalent experience.
  • Minimum 3 years of hands-on Asset Management experience focused on both operations and financials.
  • Minimum 2 years of experience in affordable housing, including experience with low-income housing tax credits (LIHTC).
  • Experience with Limited Partnership agreements, loan documents, regulatory agreements, and other legal documents relating to affordable real estate transactions.
  • CHAM or CPM certification, or the willingness and ability to complete certification within 2 years.
  • Experience with financial modeling and Property Management portfolio management experience are a plus.
  • Compliance certification a plus.
  • Master's degree in real estate development a plus.
What We Offer

We offer a competitive salary range of $110,000-$130,000, as well as a comprehensive benefits package, including highly subsidized insurance, retirement plan with matching contributions, a sabbatical program, cell phone reimbursement, PTO, and more.