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Asset Management Associate - Rockville, United States - Flagship Group
Description
Rockville, MarylandThe Asset Management Associate will manage
a portfolio of senior and affordable housing assets, with a focus on maximizing
value and minimizing risk. The Asset Management Associate will work closely
with the Asset Management team to implement strategic initiatives and improve
operational performance. The ideal candidate will have a deep understanding of
the real estate market, strong analytical skills, excellent communication
skills, and a proven track record of maximizing asset performance.
KEY JOB
RESPONSIBILITIES:
Analyze and manage the financial and physical performance of a
portfolio of senior and affordable housing properties.
Review and analyze operating results to identify areas of
opportunity for cost savings and increased revenue. Present results and
recommendations to senior leadership team.
Collaborate with the Property Management, Finance, Development, and Accounting
teams, to ensure alignment with overall business objectives and ensure
seamless operations.
Participate in regular meetings with senior management to discuss
portfolio performance and strategic initiatives.
Support efforts to improve overall energy efficiency by identifying
opportunities and funding sources to help meet organization's resiliency
goals.
Conduct regular property inspections.
Assist in the preparation of property budgets.
Participate in due diligence and overall transaction support.
Track and report insurance claims.
Manage Capital Expenditure process, including directing
budget process, reviewing unbudgeted requests, and managing replacement
reserves.
Prepare the monthly financials dashboard and provide an analysis of opportunities
identified.
Follow up with Regional Managers on variance questions regarding
expense overages and income shortfalls.
Manage Subsidy Programs, including review of rent and expense
increases; ensure rent studies and Utility Analysis are being completed in
accordance with individual contracts. Confirm accurate audit, insurance,
and tax expenses.
QUALIFICATIONS:
Bachelor's
degree required, preferably with course work in finance, economics, real
estate, or related fields.
Demonstrated
interest in affordable housing and/or senior housing or related areas.
Experience
in real estate finance, asset or property management, preferred, particularly
in affordable housing real estate.
Strong
writing and presentation skills, with the ability to analyze data and present
information.
Ability
to work both independently and on a team, as well as to multi-task and meet
deadlines.
Proficiency
with Microsoft Excel, Word, Outlook, PowerPoint, & Teams; Yardi and
Smartsheet also helpful.
Strong
communication skills.
Able
to work in office or in the field, as directed.
We offer a competitive benefits and
salary package, including free parking and free gym access.
Victory Housing is an Equal Opportunity
Employer committed to providing an inclusive work environment for staff,
clients, volunteers and service partners. Victory Housing's employment,
advancement and recruitment processes ensure diversity in terms of age, color,
disability, ethnicity, gender, gender identity or expression, marital status,
national origin or ancestry, race, religion, sexual orientation, genetic
information, and/or military or veteran status.
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