Vice President of Operations

5 days ago

Johnson City, Tennessee, United States Universal Development & Construction, LLC Full time
Job Summary

The Vice President of Operations for Universal Development & Construction, LLC will play a critical role in leading and overseeing the operational functions of the company. This role oversees the company's overall performance, including ensuring profitability targets are established and reviewed and company-wide processes and procedures are designed, implemented, and followed.

Key Responsibilities
  • Provide leadership and guidance across all company departments, including property management, asset management, accounting, finance, marketing, information technology, and human resources.
  • Align organizational and department structures for efficiency and effectiveness and to support future growth.
  • Oversee employee base in all departments and affiliated companies, ensuring team members grow and develop, and that team members receive needed feedback and that organizational goals are met.
  • Work closely with the Director of Property Management in the oversight of all property management functions for multi-family, commercial, storage, and other business units.
  • Collaborate with Property Management and Accounting/Finance teams to ensure monthly, quarterly, and annual reporting requirements are met for owners, lenders, investors, and government entities.
  • Assist in refinancing efforts on existing portfolio properties and securing asset level financing for new acquisitions and developments, including assisting with due diligence and closing process.
  • Track property performance against original underwriting projections and make recommendations as needed to develop and monitor metrics to improve portfolio physical and economic occupancy and overall financial performance.
  • Collaborate with Property Management team to develop strategic plans to achieve both the financial and investment goals of our owners and investors.
  • Collaborate with Property Management team to perform regular reviews of portfolio properties and ensure physical aspects of portfolio meets owner, lender, and investor standards.
  • Review and advise on organizational documents, agreements, and contracts to ensure document accuracy, protection of company interests, and legal, tax, and other regulatory compliance.
  • Oversee partner payments, including preferred returns, distributions, and capital repayments, and review short-term cash flow and credit capacities and maximize waterfall opportunities.
  • Oversee and implement refinancing strategies and oversee due diligence for refinancing of properties with HUD, Fannie Mae, Freddie Mac, life insurance companies, and local lenders.
  • Provide ongoing portfolio analysis and recommendations as needed, including income, expenses, and capital projects.
Requirements
  • Bachelor's degree in Business Administration, Accounting, or related field; Master's degree preferred but not required.
  • 10+ years progressive experience in property management or related industry, including specific experience in operational management, finance, cross-functional team leadership, and strategic planning.
  • Ability to lift and carry or otherwise move 25/50 pounds occasionally.
  • Prolonged periods sitting at a desk and working on a computer.
  • Ability to travel between properties as required.

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