Asset Manager

Job Details:

Job Location:

CCH Central Office WC
- Walnut Creek, CA 94596, Salary Range: $94,650.00 - $ Salary, Asset Manager (Full-time, Exempt, $94,650 - $132,532 in California, $85,079 - $119,279 OOS)

CCH builds and manages quality, affordable housing in caring communities.

To transform communities by fostering human dignity, mutual respect, personal independence, and supportive environments

• Sustainability
  - Maintaining our own organizational health and viability and maintaining sustainable communities for our residents
• Integrity
  - Striving for reliability and honesty in all that we do and say
• Independence
  - Empowering people to age in place with dignity

We are more than a home for residents. We are more than a job for employees.

The Asset Manager holds full accountability for the long-term sustainability and performance of a diverse portfolio of properties. This role exercises significant decision-making authority in financial oversight, regulatory compliance, and strategic planning to optimize asset value and minimize risk. The Asset Manager is responsible for developing and executing strategies that ensure operational excellence, financial health, and adherence to all governing requirements, while driving initiatives that maximize owner returns and portfolio growth.

• Contribute to caring and positive working and living environments for all employees and residents
• Establish annual property and capital budget and submit for final approval
• Prepare Budget Based Rent Increases for submission to HUD and follow thru until approved
• Complete and Submit Timely All Compliance/Financial Reporting for Third Party Agencies as Required by Controlling Documents (HUD, Investors, State Agencies, etc.)
• Monthly Financial Review of Financials for all properties in your portfolio
• Submit Reserve for Replacement/Residual Receipt Requests to HUD
• Work with Real Estate Development on Refinance/New Projects Proformas
• Financial Reporting to Boards as Needed
• SAM Renewals
• Monitor Surplus Cash monthly and ensure annual surplus cash is distributed as appropriate
• Annual Financial Statement Inquiries/Responses to Third Parties
• Review Draft Audits/Oversee Corrective Action as Needed
• Maintain clear understanding of key property documents such as, but not limited to, partnership, regulatory, loan and subsidy documents and their relevant obligations and opportunities
• Conduct periodic property physical inspections
• Assure deferred developer fee payments, asset management fees, and other incentives or reimbursements due to Owner are received, maximizing Owner waterfall opportunities
• Ensure fulfillment of other waterfall obligations to subordinate lenders
• Work to develop Year 15 exit strategy
• Work with Internal Departments and Third-Party Agencies as Requests Come In
• Update Contact Information with Third Party Agencies as Changes Occur
• Update HUD Secure Systems Changes/Updates/Requests
• Insurance Claim Submission and Tracking Until Claim is Closed
• Maintain KPI and Financial Analytics Dashboard
• Other Duties as Assigned

This position will report directly to the Director of Asset Management and does not have any supervisory responsibilities.

CCH is committed to paying competitive wages. The salary range for this position is $94,650 to $132,532 in California and $85,079 to $119,279 outside of California annualized. Based on CCH’s compensation philosophy, most new hires are brought in at the minimum of the salary range. CCH has a competitive benefits package with health, dental, vision, and life insurance, 8% of an employer contribution for retirement, and more.

This is a full-time, exempt position. This position is based at the CCH Central Office
- Walnut Creek located at 1855 Olympic Blvd, Walnut Creek, CA 94596 or may be based at an approved, remote work location.

Physical demands include continual sitting, typing, and repetitive computer use for up to 8 hours a day. The position also requires frequent communication with others, including hearing and speaking clearly with individuals and groups, in person and via phone and video calls. These demands are representative of those that must be met to successfully perform the job’s essential functions. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

CCH is an equal opportunity employer. We strongly…