Asset Manager - Houston, United States - Michael Page

Michael Page Houston, United States

3 weeks ago

Full time

Description

About Our Client

Our client is a growing real estate developer and owner focused on commercial and affordable housing investments throughout Texas.

Job Description

Responsibilities should include, but not be limited to:

Act as Owner's Representative in the oversight of the third-party Property Management Agent.

Act as the Liaison and Owner's Representative between all Governmental Agencies and Investors. The AHAM will facilitate all matters and prepare any required reporting on behalf of the company.

Perform Asset Management for existing and new Project Based Section 8 and Low-Income Housing Tax Credit projects.

Oversee Regulatory and Investor Compliance with all Governmental agencies, Investors, and the Property Management Agent.

Interact with various departments to provide information as needed regarding property operations.

Participate in the drafting and implementation of Annual Property Operating Budgets with Third-Party Property Management firm.

Drive profitability of portfolio by working with the Third-Party Management Agent to manage property revenues and ensure that properties' operating expenses meet budget targets on a monthly basis.

Review, evaluate, and provide reporting to the CFO relative to monthly property financials, operating budgets, and property operations.

Work with the Third-Party Property Management Agent to prepare quarterly and annual reporting for the properties as required by Investors and Lenders.

Prepare operational reviews and propose, implement and monitor solutions for under-performing assets.

Mitigate risk through line-item review and early identification of demographic trends, insurance risk, environmental risk, etc.

Work closely with the President, CFO, and Director of Development to budget and plan for major capital improvements and ensure execution of those projects on budget.

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.
The Successful Applicant

BA/BS degree in Finance, Accounting, or related field and/or 5 to 10 years of Affordable Housing Asset Management experience

A minimum of 5 years Affordable Housing Asset Management experience.

Robust knowledge of the HUD Project-Based Section 8, Low Income Housing Tax Credit, CDBG, and CDBG-DR Housing programs. Fair Housing Laws, Public Subsidy Programs, Certifications, Compliance, and Regulatory Reporting requirements for all Affordable Housing programs.

Knowledge with Annual Operating and Capital Improvement Budgets.

Understanding and familiarity with Project Rehabilitation, Property Inspections, and File Audits.

Experience in monitoring and improving property management performance against established benchmarks.

Knowledge with Real Page property management software. What's on Offer
Base salary will depend on overall experience but will range from $125,000 - $140,000. This role may also include additional compensation bonus and offers excellent benefits and storng team culture.

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