Asset Manager - New York, United States - HELP Development Corp.

Description

Summary of Job Description:

Responsible for the Asset Management and Compliance for Permanent Housing apartment portfolio and oversight of the third-party property management company to maximize property performance and streamline operations.

Reports to:

COO

Supervises:

Dotted report from Junior Accountant/Analyst

Classification:

Exempt (Salaried) Compensation includes base salary and benefits as outlined in the offer letter.

Essential Job Functions / Asset Management:

Financial Management

Coordinate and participate in transition of housing projects from construction completion to property management operations.

Liaison between property manager and HDC.

Review and approve annual budgets prepared by the third-party management company.

Review monthly financial and variance reports provided by property management company.

Have monthly meetings with property management company to discuss any financial issues and property operations. Work proactively to remedy operational and financial issues.

Ensure rent increases and utility allowances are implemented annually and obtain necessary approvals.

Monitor building performance, income, expenses, and compliance, including violation removal and Local Law filings.

Evaluate current and long-term financial health and ensure the on-going financial sustainability of the properties including needed capital improvements.

Assist VP of Permanent Construction in assessing the physical condition of the properties

Assist HELP USA and third-party social service providers with the implementation and support of social service initiatives and programs at the properties.

Coordinate, with accounting, invoice payments (such as PHMC, mortgages, RE taxes, and other special payments).

Oversee cash flow surplus distribution prepare required paperwork and submissions.

Be the primary contact of investors/lenders to provide requested financial information and distribute financial reports on a regular basis.

Collaborate with auditors to compile and provide necessary financial information and review audited financial reports.

Provide required financial information to agencies.

Regular, periodic inspections of properties to ensure that they are meeting company high quality standards including HUD, HPD and other requirements.

Lender reporting

Coordinate grant billbacks with property management.

Other responsibilities as assigned.

Qualifications

Bachelor's Degree required in Real Estate, Urban Planning, Management, Accounting, or related fields.

Minimum 5 years of experience in Asset or Property Management of residential Affordable properties/Tax-Credit-Certification, preferred.

Ability to perform financial analysis understanding budgets and other financial reports.

Analytical person and resourceful and creative ideas and critical thinking.

Understanding private and public debt financing, equity, and compliance reporting needs for typical affordable housing development projects, preferred.

Ability to work well with a diverse group of professionals, excellent written and oral communications skills, and a can-do attitude is required.