What are the responsibilities and job description for the Portfolio Manager position at Blue Castle Agency?
đź’Ľ Portfolio Manager
đź“Ť Greater Boston, MA
⚡ Competitive Pay (DOE)
đź“Ť Greater Boston, MA
⚡ Competitive Pay (DOE)
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OVERVIEW
Our client is currently seeking a dynamic and experienced professional to join their team as a Portfolio Manager. With over 35 years of commitment to excellence and a proven track record in property management, our client prides themselves on providing exceptional service to their residents and maximizing the performance of their assets.
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As a Portfolio Manager, you will play a pivotal role in overseeing the strategic management and operations of 800 units focused in New England plus a few mid-Atlantic States (these properties are being sold). This leadership position requires a seasoned professional with a deep understanding of property management, financial acumen, LIHTC, and a passion for delivering unparalleled resident experiences. Corporate offices are in Boston and will require onsite meetings a few times weekly.
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🏡 WHAT YOU'LL DO
- Portfolio Oversight: Manage a portfolio of 800 units across 6 sites in New England to ensure optimal performance, financial growth, and operational efficiency. Develop and implement comprehensive property management strategies aligned with organizational goals.
- Financial Management: Spearhead budgeting, forecasting, and financial analysis for the portfolio. Maximize revenue and control expenses through effective budget management and cost-saving initiatives.
- Operational Excellence: Establish and maintain high operational standards across the portfolio. Collaborate with on-site property management teams to address operational challenges and implement best practices.
- Tenant Relations: Foster positive tenant relations by ensuring prompt and effective communication. Address and resolve escalated tenant issues to maintain high levels of resident satisfaction.
- Market Analysis: Conduct market research to stay abreast of industry trends, competitor activities, and emerging market opportunities. Provide insights and recommendations for property positioning and marketing strategies.
- Team Leadership: Lead and mentor a team of property managers, leasing professionals, and support staff. Foster a collaborative and high-performance culture within the portfolio management team.
- Compliance and Risk Management: Ensure all properties within the portfolio adhere to legal and regulatory requirements. Identify and mitigate potential risks through proactive measures.
- Travel - 2-3x a month. A few properties are in the Mid-Atlantic region (in the process of being sold). This will require travel roughly 2-3x a month for a few days.Â
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🎒 WHAT IT TAKES
- Minimum 5 years experience overseeing multiple sites and working with multiple locations
- Must have LIHTC Compliance and Affordable Housing experience
- Bachelor’s degree in Business, Real Estate, or a related field. Master’s degree is a plus.
- Strong financial acumen and experience managing budgets, financial reporting, and analysis.
- Proven leadership skills with the ability to motivate and guide a diverse team.
- Excellent communication and interpersonal skills.
- In-depth knowledge of local and federal housing laws and regulations.
- Professional certifications such as Certified Property Manager (CPM) or equivalent are desirable.
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🏆 THE PERKS!
- Competitive Salary, Depends on Experience
- Performance-based incentives and bonuses
- Travel Stipend
- 401k Match, 4%
- Excellent Benefits Package
- Comprehensive health, dental, and vision insurance plans.
- Professional development opportunities.
- Generous vacation and leave policies.
