Senior Asset Manager, Asset Management
Enterprise Community Partners
full-time
Posted on:
Location Type: Hybrid
Location: Baltimore • Maryland • Pennsylvania • United States
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Salary
💰 $120,000 - $130,000 per year
Job Level
About the role
- Manage the financial and physical performance of the ECD portfolio in collaboration with property management, development, and resident services
- Receive, review, and evaluate monthly financial statements and follow-up on variances
- Review and approve annual operating budgets and capital expenditure plans
- Review and approve non-routine expenditures
- Conduct site visits and review property management systems
- Develop strategic plans for underperforming communities and supervise execution of the plans by property management
- Develop and update annual business plans for each community
- Participate with the ECD development team in developing the scope of work and operating budgets for properties to be renovated/refinanced
- Identify operational issues throughout design/construction/lease-up/stabilization phases of development and work with cross-functional project teams to devise solutions
- Provide a leadership role in the transition of all properties from development to operations
- Work with property management and development to ensure items such as security contracts, controlled access, video surveillance, and internet/video have been considered
- Establish a feedback loop with the development team to capture learnings from portfolio operations to inform future project design and development
- Collaborate with property management and resident services on community development and resident relations
- Identify, prioritize, and resolve physical and operating problems/issues with properties
- Assist with property insurance related matters including claims reporting
- Monitor property debt and the expiration of LIHTC compliance to identify opportunities for restructure, refinance or acquisition of limited partners’ interests
- Coordinate with property management compliance staff to ensure affordable housing program reporting requirements are being met
- Manage timely and accurate communications and reports with investors, lenders, government officials and others as required
- Approve major contracts with third-party vendors
- Complete accurate, timely internal reports
- Monitor property operations, including weekly occupancy levels
- Assist in resolving resident issues with property management and resident services
- Review and approve property tax assessments and coordinate property tax appeals with local counsel
- Approve real estate tax invoices for payment
Requirements
- Bachelor’s degree or equivalent, preferably in Business Management, Accounting, Finance or related field
- Master’s Degree in Real Estate, MBA or CPA preferred
- Seven (7+) years multi-family real estate, finance, accounting, and/or asset management experience
- Experience managing a portfolio of real estate, and familiarity with private financing and federal, state, and local government funding
- Strong organizational skills and ability to coordinate complex activities, prioritize conflicting demands and meet deadlines
- Strong verbal communication and business writing skills
- Ability to read, interpret, and analyze financial statements
- Sound understanding of real estate terminology and concepts, including multi-family real estate; working knowledge of LIHTC required
- Strong analytical skills
- Strong computer skills with excellent MS Excel skills
- Highly motivated and able to work independently
- Excellent problem-solving skills
- Must demonstrate strong ethics in interpersonal relations and work as an effective, collaborative team member to produce high-quality results.
Benefits
- Dental, health, and vision care plans
- Family-building benefits, such as adoption and surrogacy support
- Flexible work arrangements to promote a better work-life balance
- Health advocacy, EAP, and mental health benefits
- Financial education, wellness programs, and auto-enrollment in the company's 401(k) plan with employer matching contributions
- Learning and development opportunities, including tuition reimbursement for job-related courses and certifications
- Annual performance bonuses and generous paid leave programs
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
financial performance managementbudgetingfinancial statement analysisproperty managementreal estate asset managementLIHTC complianceportfolio managementcapital expenditure planningproblem-solvinganalytical skills
Soft skills
organizational skillsverbal communicationbusiness writingindependent workcollaborationethicsprioritizationtime managementleadershipmotivation
Certifications
Bachelor's degreeMaster's degree in Real EstateMBACPA