Asset Manager

Job Summary

This position will work with external property managers and other third parties, as well as internal accounting, construction, development, and executive staff, to monitor a portfolio of PACT projects during construction lease-up as well as stabilized assets. The Asset Manager will monitor property management progress on NYCHA projects, post-closing activities, financial metrics, and property manager performance metrics to assist executives in maximizing cash flow and making strategic decisions.

• Work with accounting staff to review financial performance of properties, obtain answers from property management, and review results with executives.
• Collaborate with development staff on specific transactions such as year-15 dispositions or property sales.
• Review stabilized leasing activity and collections, and follow up with property managers to ensure completion.
• Review violations, regulatory compliance, and proposed or recommended physical improvements, and follow up with property managers to ensure completion.
• Coordinate with internal and external property managers to confirm budgets and procedures are being followed.
• Ensure sites are properly maintained through ongoing communication with property managers.
• Increase cash flow through analysis of financial reports prepared with accounting staff and work with executives to identify strategies to increase property value.
• Liaise with property managers, syndicators, lenders, and relevant governmental agencies regarding reporting requirements to ensure timely and accurate submissions.
• Track construction timelines, including relocation activities, invoices, budgets related to the development budget, and environmental close-out.
• Monitor financial stability through project completion and stabilization requirements post-construction.
• Participate in resident meetings and maintain relationships with resident leaders across sites.

• Bachelor's degree required.
• Minimum of 3 years of real estate experience, with a focus on residential assets in the New York City metro area and familiarity with federal, state, and city affordable housing programs.

• General understanding of affordable housing, property management, and construction.
• Interest in learning additional aspects of affordable housing, including underwriting, legal structures, and compliance requirements.
• Proficiency in Microsoft Office (Word, Excel, Outlook/Calendar).
• Excellent verbal and written communication skills, with strong customer service orientation.
• Strong organizational, analytical, problem-solving, and time-management skills with close attention to detail.
• Self-motivated with the ability to prioritize tasks and meet deadlines with limited direction.
• Resourceful and proactive in addressing challenges.
• Professional presence, positive attitude, open-mindedness, and strong team collaboration.
• Ability to work independently and complete tasks proactively.
• Flexibility in managing shifting priorities and deadlines.