Title: Managing Director – Asset Management

Location: New York, NY

Compensation: $275,000 – $315,000 Base Salary Bonus Benefits

The Managing Director - Asset Management position has arisen with a renowned real estate firm instrumental in the affordable and mixed income housing space. This business-critical role is pivotal in value creation and result reporting throughout the entire life cycle of properties, from stabilization to disposition. This role involves supervising the Asset Management Team, guiding the drafting of initial property business plans, executing investment strategies, consistently exploring value creation opportunities, and adapting strategies as necessary to respond to changing market conditions.

About the Managing Director - Asset Management role :

Key Responsibilities

• Business Plan Implementation : Develop and implement asset management strategies for the company's affordable housing portfolio and participate in strategic planning and overall direction of the company.
• Team Development/Management : Oversees the Asset and Portfolio Management Teams in the production of quarterly reporting that includes property financial performance, Fund level financial projections and portfolio valuations.
• Relationship-Building : Maintain collaborative and productive relationships with investment partners, community partners, public agencies, property management, and other industry professionals.
• Sales Process : Manages the overall sales process and coordinates with the broker on the marketing, bidding, negotiations and all closing activities.
• Transition Management : Reviews and informs the initial underwriting of both acquisition and development deals in preparation for Investment Committee and ensuring a clear and seamless transition from acquisitions / development into Asset Management.
• Cross Function : Collaborate with other departments to ensure a cohesive approach to the company's financial management and alignment with long-term objectives.
• Reporting System : Prepare and present regular reports on asset performance, valuation, and risk assessment to owners, executive team, and other stakeholders.
• Compliance : Ensure compliance with all regulatory requirements and ethical standards related to asset management
• Risk Management : Implement risk management strategies to minimize potential losses and maximize returns.

The Person :

• Minimum 10 years of experience in Real Estate – Multi-family real estate asset management, 5 years in a management role.
• Bachelor’s degree in business administration, urban planning, real estate development, architecture, or another related field.
• Strong Financial analysis skills
• Affordable housing transactional experience, low-income housing tax credit (LIHTC) – New York specific
• Yardi / Business intelligence programs, proficiency in MS Suite