Asset Manager Job Longmont area,Colorado USA,Finance & Banking

Asset Manager

Boulder County Housing Department is seeking to hire an Asset Manager. Under the direction of the BCHA's Housing Deputy Director, the Asset Manager oversees the administration of BCHA's real estate portfolio and ensures that BCHA maintains strong physical and financial well-being, complies with legal and regulatory requirements, and assists with fulfilling all internal and external reporting requirements in an accurate and timely manner.

The Asset Manager participates during the development process for new properties, including review of selected materials and proposed operating budgets; serves as a key contact for investors, lenders, and regulatory agencies; and works in a collaborative manner with finance, property management, development, maintenance staff and Compliance/Voucher team, to monitor property performance and systems across the portfolio.

This is a full-time, benefited position that will work Monday - Friday 8:00am - 5:00pm with occasional after-hours as needed, due to the project-oriented nature of the work or to meet deadlines and resolve issues or problems. This position will work out of 514 Coffman St., Longmont, Colorado. Under Fair Labor Standards Act (FLSA) guidelines, this position is exempt.

Boulder County requires its employees to reside in the state of Colorado as of the first day of work.

Hiring Salary Range: $ - $ Annually

New employees receive an 80-hour bank of vacation at the time of hire, in addition to 8 hours of both vacation and medical leave accruals each month (Must not have been employed at Boulder County during the 12 months prior to re-hire date to qualify). Boulder County offers bountiful benefits, including pension contributions.

Boulder County employees may qualify for Public Service Loan Forgiveness (PSLF). Visit student aid.gov for more information.

Examples of Duties

Portfolio Planning and Oversight

In partnership with the finance team, conduct financial review, oversight, and planning for BCHA's real estate portfolio including operating budgets, reserve accounts, capital improvement plans, financial reports, and audits

Closely monitor and consistently report on the operational and financial performance of the portfolio of properties relative to budgets and development proformas

In collaboration with the Finance, Operations Team and Development Directors, secure necessary financing and refinancing

In collaboration with finance and the business analyst, evaluate, monitor, create and maintain dashboards to illustrate financial performance against benchmarks and requirements stated in limited partnership and loan documents

Provide information for internal, Board, and external presentation of property and portfolio performance and strategic outlook on long term operations

Facilitate project lifecycle transitions, including development to operations, re-syndication, dispositions, etc.

Collaborate with operations team to maximize revenue, and control expenses to maintain operating margins, adequate reserves and cover debt service

Financial Management

Closely monitor and consistently report on the operational and financial performance of the portfolio of properties relative to budgets as well as development performance

Review and make recommendations regarding analysis and distribution of cash flow from properties through partnership waterfalls on an annual or semiannual need, including special distributions relating to capital transactions for refinancing, sale, etc.

Work with Development Team to prioritize and advance necessary funding requests and applications

Communicate with partners and/or lenders to ensure the long term physical and financial health of the properties

Work with investors and lenders on exits, re-finances, dispositions, and workouts

Review tax returns and audits for portfolio properties

In collaboration with finance team, maintain organized, systematic electronic and as appropriate, traditional files to contain limited partnership agreements, loan documents, regulatory agreements, etc. for all properties owned and in service

Participate in the development of annual property budgets by working with Housing Operations manager

In collaboration with the finance team, prepare and coordinate the distribution of quarterly, annual and periodic reporting to lenders, investors and regulatory agencies

Work closely with Finance to prepare reserve draw requests ensuring they are complete and there are adequate reserves

Compliance & Record Keeping

Create and maintain an annual project compliance and monitoring schedule for all properties

Perform compliance oversight, monitoring, and implementation including development of summaries and schedules of regulatory compliance, correction of findings, and correspondence with regulatory agencies, lenders, and investment partners

Maintain property records, including partnership agreements, loan documents, deeds, management agreements and plans, warranties, mechanical systems instructions, and as-built plans

Provide physical oversight,…