Asset Manager

Please go to http://(Use the "Apply for this Job" box below)./careers for details of this position and to apply.

The posted salary is an estimate of the potential annual pay. Final offer will be dependent on qualifications and experience.

POSITION OPEN UNTIL FILLED***

Under the general direction of the Director of Asset Management, this position performs a wide variety of tasks related to the planning, development, and preservation of affordable housing with a specialization in housing for special needs populations such as homeless, at risk of homelessness and elderly. The Asset Manager will be responsible for conducting the analysis, recommendation, partnership activities, and implementation strategy of a portfolio of developments owned or operated by Housing Authority of the City of Los Angeles (HACLA) or affiliated partnerships, and organizations.

The incumbent will be responsible for the financial viability of a significant and growing housing portfolio, including oversight of third‑party management, services, government and institutional partnerships, capital investments, market research and analysis, and buy/sells/hold strategies.

• Provides pre‑acquisition input and assistance in due diligence process, including review of financial and operational assumptions, and supporting the effort originating and negotiation of debt financing.
• Models full life cycle financial analysis for each asset from acquisition through development and long‑term operation.
• Develops all associated policies and documents including leasing and management plans, tenant leases, operation and safety manuals.
• Ensure all properties meet HACLA‑imposed, local, state and/or federal building and operation requirements or best practices.
• Assists in negotiations of contracts with all third parties including but not limited to service providers and property management agents; and oversees all details of property readiness and lease up.
• Assess, approve and oversee implementation of capital investments on an annualized basis and is responsible for property cashflow and stabilization. Lead staff of maintenance, clerical, custodial, paraprofessional and professional personnel with encouragement and innovation; creating a team‑based cooperative approach.
• Meet regularly with management, service staff and tenants to ensure properties are functioning well and make recommendations for any changes in policy or procedure to adapt the building to current and future needs.
• Develop an approach to all asset management activities to ensure that HACLA is creating communities of care that value and respect the diversity of resident needs, ensure a safe environment for all tenants, and develop a sense of home.
• Respond effectively to management issues or emergencies.
• Ensure clear lines of communication are established between HACLA and its third parties as well as amongst and between all third‑party contractors working within any one development or project.
• Monitor project finances for conformity to budget, negotiate financial restructuring and/or amend regulatory agreements as necessary to stabilize and/or expand operations.
• Develop and update records of outstanding indebtedness of partnerships; administer partnership funds, including collection of capital contributions, banking, and disbursements of funds.
• Assist Finance in the preparation of tax returns, quarterly and annual financial statements; manage cash flow, distribution analysis and investment projects.
• Work closely with in‑house accounting personnel to manage asset performance for a multi‑family housing portfolio; monitor operating results and forecast financial activity.
• Lead and participate in internal and external team meetings; prepare reports and presentations to executives, external partners, and the public; participate in trainings and conferences and regional meetings to ensure HACLA is aligned with regional systems serving homeless, at risk of homelessness, seniors and other special need populations.
• Negotiate third‑party services and management contracts.
• Implement or evaluate Property Management plans; assist in the preparation and monitoring of Asset Management Annual Budget.
• Perform…