VP of Asset Management – Affordable Housing

VP of Asset Management – Affordable Housing

Requirements

• Minimum of seven years of experience in a leadership role that includes asset management, property management or affordable housing development including with LIHTC
• Bachelor’s degree in Business Administration or another relevant field
• Demonstrated experience in financial planning and analysis
• Skilled in organizational development, personnel management, budget and resource development, and strategic planning
• Excellent people skills, with an ability to partner with a dynamic leadership team
• Flexible and able to multitask; can work within an ambiguous, fast-moving environment, while also driving toward clarity and solutions; demonstrated resourcefulness in setting priorities and guiding investment in people and systems

Responsibilities

• Provide day-to-day leadership and management in accordance with the mission and core values
• Oversees the 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
• Creates and maintains comprehensive asset management/strategy plans for each property in the portfolio
• Leads the team in collaboration with others to resolve issues related to cash-flow and long-term capital needs, including working with investors/lenders to free-up existing reserves or secure loans
• Reviews long-term capital plans for the portfolio, ensures the management of reserve balances to meet long-term cash needs, identifying those properties requiring outside funding, and ensuring that major projects are progressing on plan
• Prepares annual Board reports for single purpose entities and projects with outside partners
• Responsible for the measurement and effectiveness of all processes internal and external with regards to Asset, Portfolio and Compliance
• Monitors portfolio to ensure that financial performance is in-line with the budget and that variance explanations meet BRIDGE and investor/lender requirements
• Creates property plans to ensure surplus cash will meet long-term corporate cash flow targets
• Provides timely, accurate and complete reports on the operating condition of the portfolio
• Spearhead the development, communication and implementation of effective growth strategies and processes as it relates to Asset Management, Portfolio and Compliance
• Collaborate with the Senior management team to develop and implement plans for the operational infrastructure of systems, processes, and personnel designed to accommodate the rapid growth objectives of our organization
• Tracks & monitors LIHTC (low income housing tax credits) capital accounts through annual analysis and exit tax projections
• Motivate and lead a high-performance team; attract, recruit and retain required members of the Asset Management and Compliance team not currently in place; provide mentoring as a cornerstone to the management career development program
• Foster a success-oriented, accountable environment within the company
• Establishes and maintains good working relationships with lenders and investors as the primary contact for portfolio

Preferred Qualifications

• Master’s Degree preferred but not required