Asset Manager - Atlanta, United States - RESOURCE HOUSING GROUP INC

RESOURCE HOUSING GROUP INC Atlanta, United States

1 week ago

Real Estate

Description

Resource Housing Group (RHG) is a dedicated nonprofit organization established in 1994,

committed to providing quality, secure, and affordable housing for low-income (LI) families. With

a track record of success, RHG has developed over 6,000 units of affordable housing across the

Southeastern United States, owning more than 50 affordable housing developments.

Responsibilities

· Analyze monthly financial statements of all assigned projects for variances between actual and budget, ensuring adequate escrow balances, bond funds and accruals.

· Provide monthly budget variance commentary on all assigned projects to the internal management team.

· Work closely with Property Managers to provide direction for and oversight of operating plans, budgets, and forecasts. Specific tasks include approving and submitting reserve draws, reviewing/approving third party contracts, rent increases, non-budgeted large expenditures. Participate in the annual budget review process by preparing operational trends to budget analysis.

· Assist with the year-end financial audit review to ensure accuracy of the accounting data.

· Maintain and update project summary data and financials MRI internal reporting software.

· Work closely with Property Management, Asset Management and Development.

· Carry out periodic on-site inspection property visits to evaluate the physical condition of property. Provide feedback to the Property Manager as needed.

· In conjunction with third party property management team, develop preventative maintenance program, monitor its implementation, and conduct property inspections.

· Identification and analysis of under-performing assets, and preparation and implementation of proactive operational work-out strategies.

· Review and evaluate rent structure for each property based on market analysis and ownership objectives.

· Maintain and track reporting requirements for all syndicators, investors, and financial institutions.

· Review Insurance Requirements; work with broker on obtaining new policies, and review of renewals. Open claims as needed.

· Review Property Tax assessments and submit appeals if needed.

· Perform other duties as assigned by CFO or other senior management staff.

· Keep senior management regularly informed regarding the asset performance.

Qualifications

· Four-year college degree in Accounting or Finance or related field

· Proficiency in Microsoft Office (proficient in Excel & Word)

Essential Skills

· Self-motivated with the ability to prioritize and multi-task in an environment of multiple responsibilities

· Deadline driven with a high degree of energy and enthusiasm

· Detail – Oriented

· Some experience with physical property experience

· LIHTC experience (Plus)

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