Asset Manager

Essential Duties and Responsibilities: The information provided below encompasses the functions and capabilities linked with this position.

Financial Analysis & Risk Management · Review monthly operating reports, financial statements, budgets, and utility consumption for assigned properties; identify performance trends and recommend corrective actions.

· Oversee annual property budget development, rent increase processes, contract renewals, and other recurring financial management activities.

· Review audited financial statements and coordinate timely financial reporting with internal and external partners.

· Monitor property cash flow, distributions, and overall financial performance.

· Develop asset management strategies for properties under development.

· Analyze Year 15 Low-Income Housing Tax Credit (LIHTC) properties and coordinate Limited Partner acquisition strategies.

· Prepare reports, dashboards, presentations, and financial analyses for executive leadership, the Board of Directors, investors, lenders, and other stakeholders.

Other duties as assigned.

Compliance and Contract Management · Ensure compliance with applicable affordable housing financing programs and regulatory requirements, including HUD, LIHTC, Section 8, PRAC 811/202, HOME, CDBG, OAHTC, and related programs.

· Maintain productive working relationships with third-party property management companies, lenders, investors, funding agencies, and regulatory partners.

· Interpret and administer partnership agreements, loan documents, regulatory agreements, and related legal documents.

· Manage and negotiate leases and lease renewals for group homes while monitoring lessee compliance and property maintenance.

· Ensure timely and accurate regulatory and financial reporting.

Physical Needs & Capital Project Management · Conduct property inspections and assess building conditions in collaboration with third-party specialists.

· Plan, coordinate, and oversee capital needs assessments, preventative maintenance planning, and capital improvement projects.

· Manage replacement reserve accounts, reserve transfer requests, and long-term capital planning.

· Develop and maintain relationships with contractors, consultants, and preferred vendors.

· Coordinate emergency repairs and ensure timely documentation and compliance with funding and regulatory requirements.

Departmental Support · Provide technical support in developing portfolio capital plans and budget strategies.

· Assist with departmental reporting, financial analysis, portfolio data management, and operational support.

· Prepare periodic reports for lenders, investors, and public funding agencies.

· Perform other duties as assigned.