Under general direction of the Senior Vice President, the Director of Asset Management has the responsibility to oversee management of the affordable housing operating property assets within the Linc portfolio, ensuring compliance with financial, contractual, and legal requirements. As the most senior asset management role, the Director of Asset Management will supervise and direct work of Asset Management team.
ILLUSTRATIVE EXAMPLES OF WORK/ESSENTIAL FUNCTIONS
Supervise and direct Asset Management team, train staff in asset management and compliance while managing workload in department.
Supervise and monitor the day-to-day/month-to-month effectiveness of third-party Property Management companies, both in operations and compliance with standard practices.
Assist with resolving performance issues with Property Management companies.
Provide timely instructions to Property Management companies and communicate effectively through both verbal and written communication.
Review audits, monthly operating statements, and year-end tax returns.
Oversee preparation of property tax exemptions.
Monitor properties for adequate insurance.
Directly oversees or manages the most complex, issue laden properties in the portfolio.
Provide significant input and recommendations to Housing Development department for new projects regarding operating financials, compliance matters and related issues, and involved in up-front development of properties.
Develop and review drafts of property management and related property agreements.
Assist in documentation and ensures implementation of new policies for the Asset Management function.
Work with the Accounting Department and properties to provide direction and feedback to Property Managers as to following procedure requirements of property documents.
Perform site visits to properties and oversees site visits of Asset Management team members, audits and monitors compliance, and operational issues.
Proactively refinance properties, as needed, to ensure optimal cash flow.
Negotiate restructures/amendments with Joint Venture partners, Limited Partners or Lenders as needs arise.
Fair Housing laws, mobile home laws, property management /operations
Bond financing and tax credits in affordable housing market
Permanent supportive housing knowledge
Employee management practices
Excellent mathematical, writing and communication skills
Excellent analytical skills for financial and industry data
MRI/Integra Tech software experience preferred
Proficient in the use of personal computers and related software applications
Excellent interpersonal skills for establishing and maintaining effective working relationships with internal departments, internal employees, vendors, investors, property management companies, CPAs, consultants, city staff, city officials and the public
Attention to detail
Read and interpret financial statements, tax returns
Develop, prepare, and manage property budgets
Understand and interpret proformas
Understand Limited Partnership Agreements and Loan Documents
Efficiently organize complex and variable data, prepare for presentations
Respond to multiple priorities in growing environment; work independently
Resolve problems and conflict
Independently manage oversight of property management companies
Manage, supervise, and develop staff
Work well in a team environment
Accomplish personal and organizational goals through others
Manage goals on time and within budget.
Interact positively with city, county, and national partners
A combination of education and related experience may substitute for education requirements.
BA in Accounting or Business, or related field and
10 years’ or greater experience in managing real estate/rental property operations with five years or more direct experience in the affordable asset management environment.
PHYSICAL DEMANDS/WORKING CONDITIONS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Work is performed primarily in an office environment under pressure and requires the ability to quickly adjust to changing priorities and demands
While performing the duties of this job, the employee is frequently required to sit and use a keyboard
Travel by various modes of private and commercial transportation within the region may be required
Occasional fieldwork requiring overnight travel is required
Must be physically capable of lifting, bending, climbing, standing, and walking, especially pertaining to inspection of buildings where navigation of stairs, crawl spaces, attics, roofs, etc. will be required
About Linc Housing
Linc Housing's mission is to build communities and strengthen neighborhoods for people underserved by the marketplace.