Stabilized Asset Manager
WNC
full-time
Posted on:
Location Type: Remote
Location: California • United States
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Salary
💰 $115,000 - $135,000 per year
About the role
- Oversee a portfolio of approximately 65 stabilized LIHTC properties
- Oversee, analyze, and report on financial performance
- Monitor budgets (compared to actuals) and review occupancy levels (rent rolls) as necessary
- Monitor overall operational performance of regional portfolio and communicate progress and issues
- Evaluate property management performance as required
- Conduct all necessary annual site visits
- Work closely with third party property managers and leasing agents
- Maximize total return for each assigned asset
- Evaluate and monitor LIHTC compliance and other risk factors quarterly
- Review partnership agreements, regulatory agreements, and financing documents
- Review year-end financial audits for respective LIHTC partnerships
- Analyze quarterly and annual property performance compared to budget and underwriting
- Ascertain and work to resolve issues through collaboration with general partners, property managers, internal committees, lenders, and governmental/regulatory entities
- Forecast and analyze benefit streams of lower tier partnerships for Fund Management and Accounting
- Monitor reserve balances and oversee requests for release of replacement and operating reserves
- Review and process investor capital calls and lower tier capital contributions
- Complete a monthly report for concern properties determined to be at risk
- Develop and distribute periodic asset management reports to investors, consultants, and other partners
- Complete ad hoc assignments and/or projects required by the Asset Management Department
Requirements
- Bachelor’s degree in finance, or Accounting
- Minimum 3+ years of experience working in the affordable housing sector doing accounting work or financial analysis, and/or: 3+ years of experience in real estate and/or multi-family housing as an asset manager with stabilized and/or special assets portfolio
- Experience required in LIHTC
- strong financial analysis skills
- Knowledge of multi-family real estate operations, including property management
- strong computer skills and thorough knowledge of Outlook, MS Word and Excel
- excellent communication and organizational skills
- proactive and can multi-task and work in a fast-paced deadline driven environment
Benefits
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Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
financial analysisbudget monitoringproperty managementLIHTC compliancerisk assessmentfinancial reportingcapital contributionsasset managementperformance evaluationauditing
Soft Skills
communicationorganizationalcollaborationproactivemulti-taskingproblem-solvinganalyticaldetail-orientedtime managementleadership
Certifications
Bachelor’s degree in financeBachelor’s degree in Accounting