Interim Director Of Asset Management

Area of Consideration: Open Until Filled

DHC is seeking to enter an Employment Agreement with an Interim Director of Asset Management while it continues its search for a new Executive Director. The Interim Director of Asset Management position will be for up to 1 year.

Local candidate preferred as DHC will not pay moving expense.

The Detroit Housing Commission is posting the following (1) one position(s). Find below an abbreviated position summary; knowledge, skills, and abilities and position qualifications.

REPORTS TO: DEPUTY EXECUTIVE DIRECTOR

General Summary

This is a senior level position whose purpose is to oversee the operation of approximately 4,000 public housing units, overseeing the technical and administrative functions of management, maintenance and modernization activities and contract administration services for privately managed developments. The position is responsible for strategic planning/goal setting, planning and coordination of crime prevention and security programs in all developments and facilities, and development and implementation of strategies to preserve and enhance the value and condition of all properties, as well as directing, overseeing, and assessing the performance of application processing, property leasing and management, maintenance of properties, construction projects, fleet management and maintenance.

This position also is responsible for establishing and maintaining appropriate policies and procedures necessary to implement the DHC asset management programs and functions to effectively ensure that federal, local and DHC regulations and performance goals are met or exceeded. Work also involves developing and maintaining standards of performance for property operations, property conditions, safety and security, and financial performance and evaluating accomplishments through the review of recurring and special reports.

The Director of Asset Management exercises considerable independent judgment and initiative in performing the duties of the position and must exercise tact and courtesy in contact with federal, state, and local officials, consultants, housing agencies, residents and the general public.

Supervisory Responsibilities

The incumbent is responsible for the oversight, management and supervision of all Detroit Housing Commission developments including the activities for Modernization, Asset Management, Maintenance, Occupancy, and Resident Services, through intermediate managers and private management companies.

Essential Job Functions

a. Establish performance measures for each asset to ensure performance consistent with Authority operational objectives and applicable HUD requirements

b. Develop and implement comprehensive, annual business/management plan for each asset to (1) maximize income, and (2) preserve/create asset value. This plan should include a hold/sell analysis, annual operating and capital improvement budget, market analysis, valuation of the asset, and marketing plan.

c. Review and analyze all property activity, income, expenses, and operating characteristics against established goals and objectives

d. Monitor all capital expenditures under delegated authority

e. Assist in asset sales, including marketing, negotiations, document review and closings

f. Administer Property Management Contracts to ensure that contract terms are met

g. Ensure that approved property business/management plans are appropriately implemented

h. Conduct property inspections and performs sample compliance audits to ensure operations in accordance with applicable regulations and policies

i. Initiate and participates in the procurement of management, construction, materials and supplies essential to the effective operation of the properties and preservation of the assets

j. Prepare and submit accurate and timely status reports to the Director of Operations in the prescribed format

k. Ensure that all property operations are carried out in a manner consistent with applicable Authority policies and procedures, HUD regulations, federal, state and local laws, and all Fair Housing and Equal Opportunity requirements.

a. Perform strategic facility analysis to determine the most appropriate treatment to achieve highest and best use of the real asset and to maximize income and value

b. Oversee the development of plans for the modernization of real estate assets in accordance with applicable HUD guidelines and based on the assessed needs

c. Assist with the development of funding applications and proposals to acquire the financial resources necessary to carry out modernization and strategic facility decisions

d. Monitor the performance of capital improvement contracts to ensure timely and budget-compliant physical improvements in accordance with the terms of the contracts

e. Monitor the construction and leasing progress of new projects