What are the responsibilities and job description for the Asset Manager position at Chicago Housing Authority?
The Asset Manager is responsible for analyzing the health of assets owned by or invested in by the Chicago Housing Authority across specified programs (Public Housing, RAD, or Mixed Income) within the residential property portfolio. Asset Managers must comprehend, routinely reference, and enforce regulatory agreements, partnership agreements, financial performance metrics, occupancy standards, and program compliance. Asset Managers are required to analyze activity and performance against federal, state, and local benchmarks and standards and make data supported recommendations to Senior management personnel around immediate and long-term strategy. Asset Managers will express their expertise and oversight through focus on contract compliance, data analytics and reporting in the areas of operational performance, regulatory compliance, new deals, and restructuring/recapitalization.
DUTIES AND RESPONSIBILITIES
- Contract monitoring, accountability, and enforcement
- Performs financial planning and analysis
- Evaluate feasibility of new development proposals
- Owner interface, including but not limited to default notifications
- Management document review for new and existing developments
- AMR completion for RAD and PH developments with risk ratings
- Completion of the annual RAD rent increase process and vacancy billing
- RAD and PH Budget completion and oversight
- TRR withdrawal analysis and recommendation for reconciliation
- Review of required performance standards and recommend adjustments to the PPM’s compensation
- Monthly, quarterly, and annual audit and analysis of financial tools and references
- Assessment of data sets to identity deficiencies and inconsistencies
- Financial and compliance-based performance trending, forecasting, and projections
- Comprehensive reporting
- On demand dashboards and other forms of data manipulation to drive contract accountability and enforcement actions
- Standard reporting as required/deemed necessary by the Agency/PAM leadership
- Convert financial data into more targeted performance measurement and forecasting tools
- Review required monthly financials and ensure that the proper corrections were made as requested by the finance team.
- Monitors and reports on operational and financial performance relative to proformas and other benchmarks
- Other duties as assigned
QUALIFICATIONS
Bachelor's degree in Business or related field with a minimum of 2 years of applicable experience or, applicable trainings and certifications along with a minimum of 4 years of experience. Strong professional written and verbal communication skills, along with strong analytical skills and the ability to conduct research and prepare narrative reports and proposals. Ability to comprehend complex contracts and regulatory agreements with software proficiency in Microsoft Suite and Property/Asset Management software.
A valid driver's license, unrestricted insurability, and ability to travel within Chicagoland boundaries up to 75% of the time. Current working knowledge of HUD and CHA regulatory requirements related to Public Housing, PVB, MOD Rehab, RAD, and LIHTC programs as evidenced by stated course completion and/or certification requirements. (subject to portfolio assignments and can change with or without notice)
ALL APPLICANTS MUST APPLY DIRECTLY TO THE COMPANY WEBPAGE AT: CAREERS.THECHA.ORG
Salary Range: $90,000 - $100,000
Grade: S9
FLSA: Exempt
Union: None
Salary : $90,000 - $100,000
