San Francisco, CA
Salary Estimate: $150,000.00 - $174,999.00
Employment Type: Full Time
Work Place: Hybrid
Experience Required: 5+ to 7 years
Education Required: 4 Year College
Job Description
Responsibilities
- Oversees the organization’s portfolio ensuring that the properties’ financial performance meets or exceeds expectations, and that they are physically maintained at or above company standards
- Oversees a portfolio of pre-stabilization properties to ensure that the properties’ financial performance meets or exceeds expectations, and that they are physically maintained at or above company standards
- Participates in the lease-up of newly constructed projects
- Manages a team of asset management professionals
- Recommends and executes financial restructuring as appropriate, including refinancing old debt, as well as investor exit (buyouts)
- Administers LIHTC (low income housing tax credits) capital accounts through annual analysis and exit tax projections
- Collaborates with the development team to identify opportunities for rehab and re-syndication
- Coordinates with Portfolio Rehabilitation Manager and Sustainability Manager to manage small and medium size rehab projects.
- Special portfolio projects as assigned
- Creates and refines the reporting procedures, database and other informational systems
- Able to think strategically about the portfolio and management of multiple projects at once
- Knowledge of real estate development, affordable housing finance and asset management functions to work effectively and credibly with other departments
Financial Analysis
- Evaluates property plans to ensure surplus cash will meet long-term corporate cash flow targets.
- Manages the annual budget process with assigned portfolio; proposes creative solutions to cash-flow issues.
- Monitors portfolio to ensure that financial performance is in-line with the budget and that variance explanations meet investor/lender requirements.
- Monitors and reviews audits to ensure surplus distributions are made correctly and on a timely basis.
- Monitors that properties moving into operations are meeting financial performance according to the proforma.
- Tracks & monitors LIHTC (low income housing tax credits) capital accounts through annual analysis and exit tax projections
Relationship Management
- Establishes and maintains good working relationships with lenders and investors as the primary contact for properties in the assigned portfolio.
- Negotiates with partners and/or lenders as needed to amend agreements.
- Facilitates approval processes with lenders and/or investors as needed.
- Develops and sponsors occasional meetings to review portfolios with investors, lenders, and internal groups, including the coordination of on-site property visits in the portfolio.
- Prepares annual Board reports for single purpose entities and projects with outside partners.
- Coordinates all responses to questions from investors/lenders on assigned portfolio.
Physical Planning
- Reviews long-term capital plans for the properties in assigned portfolio, suggesting adjustments to the Portfolio Rehabilitation Manager if necessary, managing reserve balances to meet long-term cash needs, identifying those properties requiring outside funding, and ensuring that major projects are progressing on plan.
Qualifications
- Minimum of seven years of experience in asset management, property management or affordable housing development including with LIHTC
- Bachelor's or Master’s degree in a relevant field of study
- Ability to read and interpret legal documents and financial spreadsheets
- Skilled in operations, financial analysis and reporting
- Excellent analytical, administrative and organizational skills
- Experience in working collaboratively across divisions and being proactive
- Keen understanding of the owner role and function to carry out dual bottom line of social mission and financial viability
- An entrepreneurial and creative approach to problem solving in the field of affordable housing and asset management
- Excellent oral and written communication skills
- Must be comfortable with the duality of department languages (portfolio and asset management as well as development)
- Previous management or supervisory experience preferredAMS and/or CHAM Designation preferred

SelectLeaders
• 1-100 employees
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