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Stabilized Asset Manager
Location
California
Posted
137 days ago
Salary
$115K - $135K / year
Seniority
Senior
Job Description
Stabilized Asset Manager
WNC
• 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
Job 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
- medical, dental, and vision insurance
- paid time-off
- 401k match
- life insurance
- long-term disability
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