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Vice President of Property Management

Hispanic Housing Development Corporation
Chicago, IL Full Time
POSTED ON 2/18/2025
AVAILABLE BEFORE 5/15/2025

Hispanic Housing Development Corporation, a leader in Affordable Housing, residential multi-family and senior housing, is seeking a Vice President of Property Management to oversee and direct property management activities related to the organization’s diverse residential portfolio. The ideal candidate must have experience in private affordable housing Section 8 and tax credit properties, market rate housing, and public housing. The position will be responsible for overseeing the day-to-day operations of a portfolio located in the Midwest. The ideal candidate must have 5-10 years of experience and possess strong supervisory management skills. Must be bilingual in Spanish. Must be able to work in a budget-driven compliance environment. The VP is a member of the Senior Management Team working to strategize short-range and long-range organizational goals.

Travel to properties within the portfolio as well as the ability to respond to issues outside of normal operation hours are essential job functions of this position.

ESSENTIAL JOB FUNCTIONS

include the following. Other duties may be assigned.

Business Management :

  • Provides clear direction for operations within Property Management ensuring that the Company financial and business objectives are being achieved.
  • Responsible for the preparation of the annual property budgets, with input from all involved : PM Director and staff, VP of Acquisitions and Asset Management, Accounting, and with final review by the COO and President.
  • Works closely with the VP of Real Estate Development to establish budgets and management practices for new real estate developments.
  • Work closely with the Vice President of Acquisitions and Asset Management and CFO to evaluate financial performance against benchmarks established by investors, lenders, and the properties’ operating proformas.
  • Sets performance goals by project, related to industry standards; monitors performance, adjust strategies as needed.
  • Acquires management contracts with profitable terms and fees; prepares proposals and presentations; maintains current management plans and management agreements, and monitors all contract documents. Negotiates contract terms and increases as needed.
  • Upon contract award, develops takeover strategy and management process with a team of key staff positioned to take over.
  • Drives consistency of operations, identifies best practices, and leads implementations.
  • Consults with Construction partners for property management-related considerations for developed assets as well as assets undergoing renovation.
  • Monitors new acquisitions, building turnover and leasing programs; approves plans for office establishment and operations set-up. Approves vendor / service contracts.
  • Monitors all property management programs and ensures that all legal and regulatory compliance is met.

MINIMUM QUALIFICATIONS

  • Bachelor’s Degree in Business, Real Estate, or related field is required.
  • Certified Property Manager (CPM) status preferred.
  • At least 10 years of property management experience overseeing a large multi-family affordable housing portfolio at a regional level with strong knowledge of tenant / landlord practices, laws, rules, and regulations.
  • Previous experience in managing affordable housing Section 8 and Low-Income Housing Tax Credits.
  • 8 or more years of supervisory experience.
  • Experienced in P&L, lease, negotiations, vendor, and contracts management.
  • Expertise in finance, marketing, revenue maximization, strategic planning, budgeting, forecasting, administration, operations, training, and effective leadership are required.
  • Knowledge of market, feasibility analysis, and financial structures is a must.
  • Excellent interpersonal communication skills, including the ability to inspire, motivate and lead a growing team of professionals.
  • Must have excellent computer and software skills.

    • BENEFITS : We offer a competitive salary commensurate with experience bonus, along with a comprehensive benefits package including health insurance, retirement plan, paid time off, and more.

    Seniority level

    Executive

    Employment type

    Full-time

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