Asset Management Associate

3 hours ago

Rockville, Maryland, United States Victory Housing Corporate Office Full time
Job Title: Asset Management Associate

Victory Housing Corporate Office is seeking a highly skilled Asset Management Associate to join our team. As an Asset Management Associate, you will play a critical role in managing a portfolio of senior and affordable housing assets, with a focus on maximizing value and minimizing risk.

Key Responsibilities:
  • Analyze and manage the financial and physical performance of a portfolio of senior and affordable housing properties
  • Review and analyze operating results to identify areas of opportunity for cost savings and increased revenue
  • Collaborate with the Property Management, Finance, Development, and Accounting teams to ensure alignment with overall business objectives and ensure seamless operations
  • Participate in regular meetings with senior management to discuss portfolio performance and strategic initiatives
  • Support efforts to improve overall energy efficiency by identifying opportunities and funding sources to help meet organization's resiliency goals
  • Conduct regular property inspections
  • Assist in the preparation of property budgets
  • Participate in due diligence and overall transaction support
  • Track and report insurance claims
  • Manage Capital Expenditure process, including directing budget process, reviewing unbudgeted requests, and managing replacement reserves
  • Prepare the monthly financials dashboard and provide an analysis of opportunities identified
  • Follow up with Regional Managers on variance questions regarding expense overages and income shortfalls
  • Manage Subsidy Programs, including review of rent and expense increases; ensure rent studies and Utility Analysis are being completed in accordance with individual contracts
Qualifications:
  • Bachelor's degree required, preferably with course work in finance, economics, real estate, or related fields
  • Demonstrated interest in affordable housing and/or senior housing or related areas
  • Experience in real estate finance, asset or property management, preferred, particularly in affordable housing real estate
  • Strong writing and presentation skills, with the ability to analyze data and present information
  • Ability to work both independently and on a team, as well as to multi-task and meet deadlines
  • Proficiency with Microsoft Excel, Word, Outlook, PowerPoint, & Teams; Yardi and Smartsheet also helpful
  • Strong communication skills
  • Able to work in office or in the field, as directed

We offer a competitive benefits and salary package, including free parking and free gym access. Victory Housing is an Equal Opportunity Employer committed to providing an inclusive work environment for staff, clients, volunteers, and service partners.

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