Asset Manager

CLASS TITLE: Asset Manager

POSITION STATUS: Full Time

FLSA STATUS: Exempt

EFFECTIVE DATE: December 2018

GENERAL NATURE & SCOPE OF WORK

Under the general supervision of the Director of Property Services and the Senior Asset Manager, the Asset Manager assists in all aspects of the administrative, financial, capital and operations of the LINC affordable housing portfolio that includes Senior Communities and Special Needs properties.     

ILLUSTRATIVE EXAMPLES OF WORK/ESSENTIAL FUNCTIONS

• Provide third party property management oversight
• Propose goals and objectives for each property
• Assist in the preparation and approval process of property operating budgets
• Monthly, quarterly, and annual reporting of the portfolio
• Monthly review of property operating statements
• Assist in the due diligence and underwriting of potential acquisitions/rehabs, dispositions, LP exits, and           Re-syndication
• Financial analysis and DSCR variance reporting
• Analysis of various agreements including but not limited to LPA’s, Regulatory Agreements, HAP           contracts, Loan/Bond documents

KNOWLEDGE, SKILLS & ABILITIES

Knowledge of:

• Affordable Housing and general principles of property operations
• Special needs property operations
• Microsoft Office (emphasis on Excel)
• Strong initiative and ability to manage multiple projects and competing priorities/deadlines           Proficient understanding of LIHTC, Housing Authority, and Lender compliance

Skill Level:

• Superior writing, communication, and financial analysis skills
• Proficient in the use of personal computers and related software applications
• Highly organized, efficient, and able to work independently
• Excellent interpersonal skills for establishing and maintaining effective working relationships with employees, other departments, city staff, city officials and the public. 
• Excellent Communication skills (both written and verbal)

Ability to:

• Set priorities in fast-paced environment
• Work effectively with others in a team environment
• Work with multiple priorities and deadlines

EDUCATION & EXPERIENCE

A combination of education and related experience may substitute for education requirements.

• Bachelor’s degree required with a concentration in business, finance, real estate, and/or related field and
• A minimum of 3 years of experience working in asset management or property operations

PHYSICAL DEMANDS/WORKING CONDITIONS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Work is performed primarily in an office environment under pressure and requires the ability to quickly adjust to changing priorities and demands
• While performing the duties of this job, the employee is frequently required to sit and use a keyboard
• Lift up to 10 pounds

The statements contained in this class specification reflect general details as necessary to describe the principle functions of this class, the level of knowledge and skill typically required, and the scope of responsibility, but should not be considered an all-inclusive listing of work requirements. Individuals may perform other duties as assigned including work in other functional areas to cover absences or relief, to equalize peak work periods or otherwise to balance the work load. 

Salary:

Salary competitive and commensurate with experience – excellent benefits

Selection Process:

Please submit resume and cover letter

                                                                                                      Posted: December 2018