What are the responsibilities and job description for the Asset Manager position at Community Corporation of Santa Monica?
Job Description
About Community Corporation of Santa Monica
Community Corp is a non-profit organization that restores, builds, and manages affordable housing for working families of modest means. Since our inception in 1982, we have rehabilitated and constructed nearly 2,071 homes. By enhancing and increasing affordable housing, we improve neighborhoods, create an environment where people can thrive, and change thousands of lives. Our work contributes to the distinct character of Santa Monica and the greater Westside region, making these communities more inclusive, caring, and environmentally sustainable.
Position Overview
The Asset Manager will assess Community Corporation. properties to ensure they are financially sound and comply with contractual, regulatory, and statutory requirements. This person will collaborate with all departments including Property Management, Maintenance and Housing Development to ensure that Community Corp. protects its assets and optimizes property performance. Furthermore, the Asset Manager will stay abreast of industry trends and financial opportunities to position Community Corp. to be a sustainable organization and a leader in the field of community development.
Compensation And Benefits
The compensation ranges between $75,300 - $94,100. The Asset Manager is eligible for the following benefits:
Occasional car travel, primarily in Santa Monica, to visit properties in the Community Corp. portfolio. Air travel to conferences and trainings will also be required.
Background Check and Driving Record will be Conducted
Community Corp. is an Equal Opportunity Employer
Company Description
Community Corp. is a Santa Monica-based non-profit organization that restores, builds, and manages affordable housing for working families of modest means. By enhancing and increasing affordable housing, we improve neighborhoods, create an environment where people can thrive, and change thousands of lives. Our work contributes to the distinct character of Santa Monica, making it a more inclusive, caring, and environmentally sustainable city. In short, we advance the values that Santa Monica residents share – and enrich our community.
We are dedicated to providing exceptional housing opportunities. Our “Tenant Selection Criteria” guides selection and occupancy and are provided to help you understand our process. Our criteria follows required governmental regulations. These regulations may include guidelines from HUD, HCD, TCAC and City of Santa Monica.
We work to meet our residents’ needs and exceed their expectations when it comes to leasing and maintaining their homes. If you are considering living in a Community Corp. residence, you can rest assured we’ll be there for you when you need us. Our entire team strives to conduct ourselves honestly, ethically, and in accordance with Fair Housing principles.
We increase and improve Santa Monica’s affordable housing stock. Since our inception in 1982, the Housing Restoration and Production Department has managed the rehabilitation and construction of nearly 2,071 affordable homes. We oversee the acquisition of property, develop conceptual proposals, secure financing, and manage construction. In all of our properties, we strive to construct housing that is at the forefront of architectural innovation and environmental sustainability. We preserve historic buildings and construct new housing that is sensitive to the surrounding area’s scale and style, working to improve neighborhoods and strengthen communities.
Community Corp. is a Santa Monica-based non-profit organization that restores, builds, and manages affordable housing for working families of modest means. By enhancing and increasing affordable housing, we improve neighborhoods, create an environment where people can thrive, and change thousands of lives. Our work contributes to the distinct character of Santa Monica, making it a more inclusive, caring, and environmentally sustainable city. In short, we advance the values that Santa Monica residents share – and enrich our community. We are dedicated to providing exceptional housing opportunities. Our “Tenant Selection Criteria” guides selection and occupancy and are provided to help you understand our process. Our criteria follows required governmental regulations. These regulations may include guidelines from HUD, HCD, TCAC and City of Santa Monica. We work to meet our residents’ needs and exceed their expectations when it comes to leasing and maintaining their homes. If you are considering living in a Community Corp. residence, you can rest assured we’ll be there for you when you need us. Our entire team strives to conduct ourselves honestly, ethically, and in accordance with Fair Housing principles. We increase and improve Santa Monica’s affordable housing stock. Since our inception in 1982, the Housing Restoration and Production Department has managed the rehabilitation and construction of nearly 2,071 affordable homes. We oversee the acquisition of property, develop conceptual proposals, secure financing, and manage construction. In all of our properties, we strive to construct housing that is at the forefront of architectural innovation and environmental sustainability. We preserve historic buildings and construct new housing that is sensitive to the surrounding area’s scale and style, working to improve neighborhoods and strengthen communities.
About Community Corporation of Santa Monica
Community Corp is a non-profit organization that restores, builds, and manages affordable housing for working families of modest means. Since our inception in 1982, we have rehabilitated and constructed nearly 2,071 homes. By enhancing and increasing affordable housing, we improve neighborhoods, create an environment where people can thrive, and change thousands of lives. Our work contributes to the distinct character of Santa Monica and the greater Westside region, making these communities more inclusive, caring, and environmentally sustainable.
Position Overview
The Asset Manager will assess Community Corporation. properties to ensure they are financially sound and comply with contractual, regulatory, and statutory requirements. This person will collaborate with all departments including Property Management, Maintenance and Housing Development to ensure that Community Corp. protects its assets and optimizes property performance. Furthermore, the Asset Manager will stay abreast of industry trends and financial opportunities to position Community Corp. to be a sustainable organization and a leader in the field of community development.
Compensation And Benefits
The compensation ranges between $75,300 - $94,100. The Asset Manager is eligible for the following benefits:
- Medical insurance
- Dental and vision insurance
- 403b retirement plan
- 4 weeks of paid vacation
- 120 hours of sick time
- Paid holidays
- Paid sick leave
- Mileage reimbursement
- 9/80 work schedule
- Every other Friday off!
- Sign on Incentive
- Utilize systems such as Yardi to enhance Community Corp.’s real-time reporting and analytical capabilities.
- Develop reports and/or a dashboard to analyze the performance of Community Corp.’s portfolio.
- Make presentations to Community Corp. Staff and Board.
- Monitor and validate compliance with regulatory agreements and funding requirements.
- Contribute to the resolution of operation issues or concerns, including the submittal of replacement and operating reserves for approvals and follow-thru for transfer of funds.
- Facilitate responses to government and/or lending agencies.
- Participate in the annual budgeting process for each property.
- Complete and monitor annual Welfare Tax Exemption preparation, filing, and follow through (billings)
- Create and implement plans for Limited Partners to exit properties financed with Low Income Housing Tax Credits (LIHTC).
- Lead efforts to restructure the debt and equity on individual properties and pools of properties.
- Contribute to decisions regarding maximizing property cash flow and fees paid to Community Corp.
- Multifamily experience in affordable housing development and/or property management.
- Detailed knowledge of and ability to interpret legal documents such as loan documents, limited partnership agreements, regulatory agreements and agreements for the provision of resident services.
- Yardi experience preferred.
- Advanced Microsoft Excel skills required.
- Able to render and act upon an opinion decisively and yet be flexible in eliciting other opinions.
- Able to interact with all levels of organization, agencies, and tenants with the correct perspective ranging from prudence to compassion.
- Excellent verbal, written and organizational skills
- Self-motivated and hard worker.
- A team-player who is able to work independently.
- Bachelor’s Degree preferred
- 5 years of relevant job experience preferred
Occasional car travel, primarily in Santa Monica, to visit properties in the Community Corp. portfolio. Air travel to conferences and trainings will also be required.
Background Check and Driving Record will be Conducted
Community Corp. is an Equal Opportunity Employer
Company Description
Community Corp. is a Santa Monica-based non-profit organization that restores, builds, and manages affordable housing for working families of modest means. By enhancing and increasing affordable housing, we improve neighborhoods, create an environment where people can thrive, and change thousands of lives. Our work contributes to the distinct character of Santa Monica, making it a more inclusive, caring, and environmentally sustainable city. In short, we advance the values that Santa Monica residents share – and enrich our community.
We are dedicated to providing exceptional housing opportunities. Our “Tenant Selection Criteria” guides selection and occupancy and are provided to help you understand our process. Our criteria follows required governmental regulations. These regulations may include guidelines from HUD, HCD, TCAC and City of Santa Monica.
We work to meet our residents’ needs and exceed their expectations when it comes to leasing and maintaining their homes. If you are considering living in a Community Corp. residence, you can rest assured we’ll be there for you when you need us. Our entire team strives to conduct ourselves honestly, ethically, and in accordance with Fair Housing principles.
We increase and improve Santa Monica’s affordable housing stock. Since our inception in 1982, the Housing Restoration and Production Department has managed the rehabilitation and construction of nearly 2,071 affordable homes. We oversee the acquisition of property, develop conceptual proposals, secure financing, and manage construction. In all of our properties, we strive to construct housing that is at the forefront of architectural innovation and environmental sustainability. We preserve historic buildings and construct new housing that is sensitive to the surrounding area’s scale and style, working to improve neighborhoods and strengthen communities.
Community Corp. is a Santa Monica-based non-profit organization that restores, builds, and manages affordable housing for working families of modest means. By enhancing and increasing affordable housing, we improve neighborhoods, create an environment where people can thrive, and change thousands of lives. Our work contributes to the distinct character of Santa Monica, making it a more inclusive, caring, and environmentally sustainable city. In short, we advance the values that Santa Monica residents share – and enrich our community. We are dedicated to providing exceptional housing opportunities. Our “Tenant Selection Criteria” guides selection and occupancy and are provided to help you understand our process. Our criteria follows required governmental regulations. These regulations may include guidelines from HUD, HCD, TCAC and City of Santa Monica. We work to meet our residents’ needs and exceed their expectations when it comes to leasing and maintaining their homes. If you are considering living in a Community Corp. residence, you can rest assured we’ll be there for you when you need us. Our entire team strives to conduct ourselves honestly, ethically, and in accordance with Fair Housing principles. We increase and improve Santa Monica’s affordable housing stock. Since our inception in 1982, the Housing Restoration and Production Department has managed the rehabilitation and construction of nearly 2,071 affordable homes. We oversee the acquisition of property, develop conceptual proposals, secure financing, and manage construction. In all of our properties, we strive to construct housing that is at the forefront of architectural innovation and environmental sustainability. We preserve historic buildings and construct new housing that is sensitive to the surrounding area’s scale and style, working to improve neighborhoods and strengthen communities.
Salary : $75,300 - $94,100
