Job Title: Asset Property Manager Part-Time (Non-Exempt)
Salary Range (DOE): $36.00-$38.45 per hour
Deadline to Apply: Open Until Filled
The Success Center (SC) is a non-profit corporation founded in 1983 by Superior Court Judges who saw the need to improve the educational and vocational outcomes for the for youth engaged in the juvenile justice and foster care systems. Since then, SC has grown to provide comprehensive workforce development and education services to youth and adults who face multiple barriers to career development. SC envisions a vibrant and just society that inspires individual transformation, and understands the key role that workforce development plays in creating meaningful and productive lives.
The Success Centers/AND Asset Manager is directly responsible for ensuring the long-term financial health of Center Housing’s properties and that the properties meet Affordable Housing, owner and lender requirements. Acting on own initiative, the Asset Manager is responsible for reviewing and analyzing the portfolio against benchmark performance and assisting in the development of
corrective action plans to address property issues. This position is integrally involved in monitoring budget-to-actual variances and communicates issues and proposed solutions to the CEO, CFO, COO. The Asset Manager will work closely with the senior team on projects relating to portfolio performance.
Knowledge, Skills and Abilities
• Able to access/interpret labor market information
• Effective written, verbal, and presentation skills
• Proficiency in MS Office, and an understanding of client database systems
• Understands the special employment needs of diverse groups and is able to adapt materials and services to address these needs
• Strong customer service skills
• Respects and has knowledge of cultures, ethnicities, gender, sexual orientations and age groups other than one’s own, able to work effectively with all.
• Flexible and a self-starter; able to multi-task while also being highly detailoriented
Specific responsibilities include:
• Acts as primary contact for lenders, investors, municipalities and other regulatory agencies for budget questions and approvals.
• Oversight of agency’s relationship with Property Management including analyzing budgets against benchmarks and goals and proposing solutions to operating cashflow, financial ratio issues, and long-term capital needs. Review of property management logs for rent, repairs and related requests.
• Review budgets and convene monthly Asset Management review meetings to ensure properties are meeting affordability, operating expense per unit, reserve funding, and surplus cash distribution goals as required under all agreements or regulations.
• Ensures timely compliance with all funder requirements, audits and reports.
• Reviews long-term capital plans for portfolio properties, suggesting adjustments if necessary for investor and lender needs and remains up to date on major projects planned for each year.
• Monitors portfolio to ensure that operating expenses are in-line with budget and that variance explanations meet Affordable Housing and investor/lender requirements.
• Prepares and tracks all replacement reserve draw requests.
• Liaison to agency Affordable Housing consultants
• Researches partnership agreements, financing documents, regulatory agreements, tax returns and other source documents to determine constraints and barriers to long-term needs.
• Ensures that all financial plans and regulatory agreements meet asset management requirements. Reports monthly in the Asset Management meeting with any issues.
• Completes schedule of portfolio analysis and summary reports as requested.
• Reviews and identifies Regulatory Agreement and Loan Document compliance related restrictions.
• Provides budget, asset management and other trainings as required to the Property Supervisors.
• Creates a positive work environment with a focus on cross-functional collaboration and teamwork.
• Attends agency/investor-sponsored training.
• Attends mandatory meetings and trainings
• Actively participates in Success Centers’ Safety Plan
• Perform other duties as assigned.
• Bachelor’s degree or equivalent combination of education/training/experience.
• 5 years as an Asset Manager.
• Experience in reporting to and working with agencies such as HUD, TCAC, CHFA, HOME, USRDA, HCD, RHCP, and investors desired.
• COS and LIHTC certified desired.
• Certified Housing Asset Manager (CHAM©) desired.
Success Center SF is an equal opportunity employer. This opportunity is at-will and is dependent on the availability of funds. To apply please forward your resume and a cover letter to email@example.com or submit them in the application below.
For more information on this position, please contact Genny Price at firstname.lastname@example.org.