Asset Manager

21 hours ago


Houston, Texas, United States The Itex Group Full time
Job Title: Asset Manager

We are seeking a highly skilled Asset Manager to join our team at The Itex Group. As an Asset Manager, you will play a critical role in bolstering our standard operating procedures and practices for financial performance, asset preservation, and risk management.

Key Responsibilities:
  • Oversee the performance of our affordable housing portfolio and develop a stabilization plan for non-performing assets.
  • Monitor monthly rent collections, bad debt write-offs, and evictions to ensure income is maximized according to each property's funding program.
  • Conduct on-site inspections to evaluate the physical needs of our assets, review financial performance with on-site staff, and ensure compliance with applicable regulations.
  • Correspond with lenders on financial performance and inspections, confirming completion of all lender-required repairs.
  • Review and approve bids for capital projects above the property management spending threshold.
  • Identify and monitor key market, industry, and competitor data.
  • Approve annual operating budgets, paying attention to accurate staffing plans, rent increases, resident services, capital expenditures, and DSCR requirements.
  • Ensure replacement reserve requests are submitted for capital projects.
Requirements:
  • Demonstrated knowledge of public/private sector housing developments and financing programs (Section 8, HUD, HOME, Tax Exempt Bonds, and Tax Credit).
  • Demonstrated organizational and time management skills.
  • Experience interpreting limited partnership agreements, financial, and regulatory documents.
  • Strong analytical skills with a good understanding of Generally Accepted Accounting Principles (GAAP).

We offer a competitive salary and benefits package to the right candidate. If you are a motivated and detail-oriented professional with a passion for real estate and asset management, we encourage you to apply.



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