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    Asset Portfolio Manager - Los Angeles, CA, United States - Compass Business Solutions, Inc.

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    Description

    Job Description MRK Partners is seeking a dynamic, experienced Special Assets Manager, with prior affordable housing or multi-family property experience, who will be responsible for maximizing special asset performance, cash flow, occupancy, and leasing while also ensuring that assets are in compliance with external and internal regulatory requirements.

    This role will have up to 40% travel to appropriately manage the portfolio.

    MRK Partners is a privately held real estate investment and asset management company specializing in the acquisition, preservation, and repositioning of affordable housing.

    MRK Partners is committed to a world of equity and a shared humanity where all may thrive and reach their highest potential.

    Our mission is to develop exceptional and affordable housing across the nation. A secure home and supportive community are integral to achieving empowerment.

    In collaboration with our residents and partners, we identify and create opportunities for upward mobility, nurture resiliency, and support each individual's journey toward fulfillment and wellbeing.

    Track asset performance through review of reports and communications with PMs.
    Ensure resident retention and outreach efforts are in place and maintained.
    Monitor Resident Services contributions and feedback.

    Determine if assets should be added to Watchlist; Review and approve Monthly Operating Reports (MOR), including P&L, bank statements, and GL.

    Monitor resident and address as needed rent collections and delinquency; track ERAP collections/programs.
    Provide quarterly variance reports to senior management and investors.

    Monitor cash position and provide monthly estimated capital needs on any property in a poor cash position with repayment plans for that capital.

    Determine if tax appeal is viable.
    Perform inspections on quarterly basis unless asset is under renovation/construction, has performance issues, and/or is on Watchlist (WL).

    Ensure compliance with affordable housing, lender, and bond requirements; Take lead on Deal Memos at transition of assets to syndication.

    Work with Construction or Senior Management as necessary to approve contracts.
    Approve draws/allocation of reserves.

    Use company systems to update asset status (Monday Board, AM Expectations cash cap con, capex boards, external agenda boards).

    Bachelor's Degree in Business, Finance, or related field.

    Knowledge of real estate and experience working in an Asset Management environment, with at least two years of specific experience with affordable housing, multi-family properties, and/or special assets.

    Proficient in Microsoft Office Suite and virtual meeting applications.
    com Work OS and RealPage software preferred.
    We believe diversity is essential to our organization's growth and success.


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