Senior Asset Manager

Job Details

Job Location:

145 Taylor Basement Office - San Francisco, CA 94102
Position Type:
Full Time
Salary Range: $ - $ Salary/year

Job Shift: Day

Title:

Senior Asset Manager

Reports To:

Director of Asset Management
Department:
Asset Management
Status:
Regular, Full-Time
FSLA:
Exempt
Wage Range: $115,415 - $125,559/year
Grant Funded:
No
Union Position:
No

Location:

145 Taylor St, San Francisco, CA 94102

Schedule:

Monday - Friday; 9:00 am - 5:30 pm;
Hybrid; 3 days onsite, 2 days remote

Under the general direction of the Director of Asset Management, the Senior Asset Manager is responsible for ensuring that a sub-portfolio of TNDC properties achieves the financial, physical, and social goals and standards of the owner, TNDC, and its funders. Of particular importance is planning property and portfolio re‑capitalization and execution of partner exits. Overall, there is exposure to many issues with many opportunities for creative problem solving.

This is a very good opportunity for professional development in real estate.

• Establish and monitor financial performance standards for a portfolio of approximately twenty (20) assets within TNDC’s portfolio.
• Monitor and provide input on annual rent setting goals to meet property financial performance targets; monitor annual income certification process and participate, as‑needed, in annual file audit strategy.
• Contribute to property Watch listing work‑out analysis, discussions, and identification of asset‑specific solutions.
• Monitor the current and long‑term financial status of TNDC projects by reviewing operating budget variance reports and by preparing long‑term operating cash flow projections.
• Review and manage asset‑level data integrity in Yardi (or equivalent), document management, and Microsoft BI dashboards; standardize chart of accounts mapping for analytics.
• Contribute to preparation of audited financial statements, i.e., related party fees, contingent liabilities, reserves, and surplus cash analysis and distribution.
• Assist Director of Asset Management and Accounting Team in audit tie‑out procedures, and provide variance narratives to streamline annual audits and monitoring visits.
• Review audited financial statement draft reports.
• Propose solutions to structural deficits and propose disposition of annual surplus/deficits.
• Responsibility for at least one technical specialization for the portfolio, such as property tax, mortgage, HUD contracts, or insurance management.

• Ensure portfolio meets owner physical quality standards.
• Approve specific capital improvement project proposals.
• Ensure that capital needs assessments are performed on all properties, either internally or from third‑party consultants; utilize findings to inform asset management plans, capital improvements prioritization, and/or recapitalization strategies.
• For moderate rehabs, serve as owner’s rep in preconstruction, change order control, schedule/cost oversight, and relocation planning coordination (with PM and services).
• Assist Facilities Team with establishing portfolio decarbonization and resilience targets (electrification, heat pump conversions, envelope upgrades) with facilities team, receive reports from facilities who track energy/water benchmarking, and help direct appropriate team to pursue incentives.
• Complete property site visits annually, to assess operations and physical conditions, with additional site visits as needed.

• Write property‑specific asset management plans through analysis which finds each property’s problems, opportunities and actions.
• Contribute to portfolio long‑range planning and lead execution of actions, such as re‑finance, partner exits, increasing savings or finding new…