Asset Manager (Affordable Housing) - BLDG Partners : Job Details

Company Profile:

BLDG Partners LLC is a Southern California based real estate investment firm founded in 2010 focused on infill development and the preservation of workforce and affordable housing. We pursue opportunities to improve communities in urban and suburban markets across the country.

Position:

BLDG Partners is seeking an Asset Manager (Affordable) to join our growing firm dedicated to providing quality, affordable housing across the US.

In the position, the Asset Manager will help implement Asset Management Best Practices to achieve department goals and successfully manage the portfolio with a focus on establishing uniform management and the implementation of the company's operational business plans.

The Asset Manager would analyze property performance, cash flows, valuation, market trends and operational strengths and weaknesses to inform strategies for maximizing value to the company and stakeholders. The Asset Manager would also independently monitor the activities of third-party property management firms responsible for the daily operations of the properties, with the goal of reporting significant information to the VP of Asset Management.

This individual would thrive in an entrepreneurial culture and be detailed oriented with the ability to prioritize and handle multiple tasks with flexibility. They must also work cooperatively and collaboratively to help build a successful and growing company.

Responsibilities:

Business Planning

• Responsible for performing a broad range of analyses and reporting on different metrics and topics as a key resource to the VP of Asset Management
• Responsible for data collection and reporting, assisting with the preparation of annual budgets and other special projects
• Aggregate and update property-level data and prepare agendas for asset management meetings

Forecasting & Benchmarking

• Expedite the receipt of financial and operational information from partnerships on a monthly, quarterly and annual basis
• Prepare market analysis reports, including comparable rents and sales, vacancy, and absorption/supply
• Support detailed financial and operational planning, budgeting, reforecasting, data management, analysis and reporting, ensuring all internal and external financial reporting requirements and deadlines are met while monitoring internal watchlist
• Prepare analysis of trends through regular operating metrics while acting swiftly to address budget variances and operational issues

Portfolio Management

• Work closely with various third party agent departments to ensure full data integrity and quality reporting, maintaining an in-depth and up-to-date record of property activity and document management
• Assist in construction project management for status and capital tracking
• Prepare reserve draws for funding of construction projects and ongoing capital expenditures
• Evaluate how well owner established social goals for residents are being met
• Inspect properties periodically
• Create and update asset management plans for each property helping lead the big picture

External and Internal Partnerships

• Work closely with accounting department to help manage property related accounting functions
• Develop, foster and maintain relationships with management agents, lenders, contractors, third-party monitors, investors, local and state housing agencies, General Partners and others in the LIHTC industry.

Requirements:

• Bachelor's Degree (BA/BS)
• Five years of experience in real estate, accounting, finance, or construction management with relevant affordable housing industry experience and/or certifications
• Prior experience in the LIHTC/HUD industry is preferred
• Demonstrated interest in real estate and/or affordable housing
• Ability to produce complex documents, perform analysis and maintain databases in a detail-oriented fashion
• Ability to discuss critical paths, complex scheduling and related matters with internal and external partners
• Excellent written and verbal communication skills are required
• Proficiency in Microsoft Office Suite with working knowledge of Smartsheets, Yardi, AIM and/or Realpage
• A collaborative team player with a strong work ethic
• Position is Hybrid or Remote depending on candidate's circumstances and experience