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.