National Housing Trust

Manager

• Manage and implement operations plans for assigned portfolio (10-15 properties), ensuring the performance and success of the asset through its lifecycle, analyzing property performance, valuation, market trends, and implementing strategies to maximize income by:
• Review and approval of monthly financial reporting packages regularly to ensure timely reporting to relevant parties.
• Analyze reports for performance against budget.
• Collaborate with the finance team to complete periodic distributions and ensure accurate financial projections and reporting.
• Provide oversight of third-party property management by ensuring completion of annual property budgeting process, coordination of capital improvements, and conducting periodic operations meetings that include resident services and property management staff.
• Monitor properties for compliance with a loan, partnership, regulatory, and/or LIHTC agreements.
• Develop schedule for and perform site inspections to observe the properties physical condition, compliance with LIHTC regulations, site staff effectiveness, local market, and competition.
• Assist with maintenance of portfolio watchlist.
• Based upon ongoing review of management reports and staffing, audits, and third-party studies, identify potential problems and develop strategies and action plans to address such issues.
• Develop workout plans, as necessary, establish success metrics for plans and monitor via watchlists.
• Review operating partnership tax returns, financial statements, audits, and work through resolutions oversight of workout plans.
• Create and/or monitor plans for Year 15 withdrawal of investors and annually review tax capital accounts and credits for each LIHTC property.
• Assist with identifying and executing refinancing strategies, including HUD loan programs.
• Ensure accurate and timely internal and external reporting an compliance, including all applicable regulatory requirements associated with either the financing or the governmental jurisdiction.
• Assist with the development of internal asset management systems, including policy and procedure documentation, reporting, projections, and property performance evaluation tools.
• Design and lead one or more session in the the annual property managers’ meetings.
• Monitor property performance in comparison to budget, initial underwriting, and operation of similar properties.
• Provide analytical assistance using spreadsheets and databases.
• Review and internally process requests for release of funds for replacement reserve accounts.
• Produce development of fee projections to NHT Communities from property operations for properties in assigned portfolio for inclusion in NHT Communities budget and oversee asset management operations to ensure those budget projections are met.

Senior Asset Manager