McCormack Baron Companies

Role Description The Special Projects Vice President of MBAM will handle a targeted portfolio of McCormack Baron Salazar developed affordable housing properties (“the Properties”) and will report directly to the President. The role encompasses two primary functions: - Provide Asset Management Services for the Properties, including: - Evaluation of operating performance - Site inspections - Compliance issues - Cash flow/operating deficit management - Acquisition, refinance, re-syndication, and disposition strategies - Perform General Partner Functions, which include: - Developing a complete knowledge of the Properties in the portfolio - Providing direct oversight of property management functions - Frequent travel to properties - Relations with all MBS departments, lenders, state housing finance agencies, and other regulators - Relations with investors Qualifications - Bachelor’s Degree – preferably in Real Estate or Finance - 3+ years of real estate experience, with a preference for multifamily asset or portfolio management experience - Experience in Section 42 housing preferred - Microsoft Excel proficiency required - Financial acumen - Strong communication skills Requirements - Develop a comprehensive knowledge of the portfolio assigned - Participate in MBAM portfolio strategy and Capital Projects - Re-syndication, Recapitalization, Refinance, GP Exit, Disposition - Review financial statements and operational performance to find areas of opportunity and/or improvement - Review Investor site visit and compliance reports, report issues noted, and track on watch list - Review and approve property budgets prepared by property management companies and make recommendations to improve cash flow and value - Review annual audited financial statements - Participate in quarterly Cash Flow meetings - Review/approve annual Capital Expense Budget - Perform inspections to review the physical structure for unusual deterioration or mismanagement - Analyze the neighborhood, market conditions, trends, and their impact on the property - Prepare reports of the financial and physical conditions, risks, and opportunities for the properties and portfolio - Review citations, letters, and notifications from Cities, State Agencies, Trustees, Servicers, and direct them to responsible parties with follow-up as needed - Review compliance findings from State Agencies and report unsatisfactory findings as needed - Monitor response to audit findings by management companies, focusing on efficient resolution of noncompliance - Communicate with City/County Agencies and management company regarding deficiencies in business licenses, health, and safety regulations - Monitor the handling of paperwork and payment to agencies as needed - Review Annual Owner’s Certificate of Compliance - Review and approve replacement reserve withdrawal requests and ensure requests are consistent with documents Company Description McCormack Baron is an equal-opportunity employer and makes hiring decisions based on merit.

Role Description The Vice President of MBAM will handle a portfolio of McCormack Baron Salazar developed affordable housing properties (“the Properties”) and will report directly to the President, performing two primary roles: - Provide Asset Management Services for the Properties, including: - Evaluation of operating performance - Site inspections - Compliance issues - Cash flow/operating deficit management - Acquisition, refinance, re-syndication, and disposition strategies - Perform General Partner Functions, evolving into an informed, active role that includes: - Support to and oversight of property management - Relations with all MBS departments, lenders, state housing finance agencies, and other regulators - Relations with the investor Qualifications - Bachelor’s Degree – preferably in Real Estate or Finance - 4+ years of real estate experience, with a preference for multifamily asset or portfolio management experience - Experience in Section 42 housing preferred - Microsoft Excel proficiency required - Financial acumen - Strong communication skills Requirements - Develop a comprehensive knowledge of the portfolio assigned - Participate in MBAM portfolio strategy and Capital Projects - Re-syndication, Recapitalization, Refinance, GP Exit, Disposition - Review financial statements and operational performance to find areas of opportunity and/or improvement - Review Investor site visit and compliance reports, report issues noted, and track on watch list - Review and approve property budgets prepared by property management companies and make recommendations to improve cash flow and value - Review annual audited financial statements - Participate in quarterly Cash Flow meetings - Review/approve annual Capital Expense Budget - Physical inspection of Watch List MBS properties as needed - Prepare site visit report of the financial and physical conditions, risks, and opportunities for the properties and portfolio - Review citations, letters, and notifications from Cities, State Agencies, Trustees, Servicers, and direct them to responsible parties with follow-up as needed - Review compliance findings from State Agencies and report unsatisfactory findings as needed - Monitor response to audit findings by management companies - Communicate with State Agencies, investors, management companies for EUA/LURA change requests - Communicate with City/County Agencies and management company any deficiencies in business licenses, health, and safety regulations - Review Annual Owner’s Certificate of Compliance - Recommend physical needs assessment and capital plan as needed - Review and approve replacement reserve withdrawal requests and ensure requests are consistent with documents Company Description McCormack Baron is an equal-opportunity employer and makes hiring decisions based on merit.