Asset Manager

Job Description:

POSITION

PURPOSE:

The Real Estate Asset Manager is responsible for creating and overseeing customized asset management strategies for multi-family LIHTC and HUD communities owned by National Church Residences.

ESSENTIAL FUNCTIONS AND BASIC DUTIES Maximize total return for each assigned asset through the analysis of property efficiencies and identifying opportunities for improved performance

Work closely with property managers and Regional Managers to provide direction for and oversight of business plans, budgets, forecasts, leases, analysis and approvals

Conduct market studies of competing properties to determine market competitive rents

Manage cash flow, distribution analysis and investment projections

Develop and distribute periodic asset management reports to senior management, investors, consultants and other partners

Position each asset for optimal financial performance through such activities as budgeting and monitoring financial performance

PERFORMANCE MEASUREMENTS Financial and operational performance measures of the assigned portfolio

Accuracy, relevancy and timeliness of reporting and communication with management and third-party partners

Success in achieving owner goals including distributions and long term viability of property

Success of problem identification and resolution

Quality of relationships with managing agents, limited partners, lenders, housing agencies and HUD.QUALIFICATIONS

Education/Certification:

BA/BS degree in Finance, Accounting, Real Estate or related field with strong record of academic achievement with MBA or CPA preferred

Experience

Required:

Level 1:
Experience in property management/leasing/operations and/or real estate asset management

Skills/Abilities:

Proficiency with modeling investments in Excel Understanding of Partnership Agreements and Low Income Housing Tax Credits Understanding of accounting and financial modeling

Solid analytical and organizational skills and ability to multi-task Highly-developed verbal and written communication skills

Ability to work independently and as part of a team Proactive thinking with detail-oriented and creative problem solving approach

Self directed and self-managing

PHYSICAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION 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.

Up to 25% travel throughout the United States is required for this position

Must be able to perform typical movements required in an office position such as sitting, standing, climbing stairs, stooping, bending, and reaching.

Must periodically deal with interruptions due to activity in the work area

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, ancestry, military status, disability, genetic information and/or any other characteristics protected by applicable law.
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