Asset Manager

Job Description

Job Description

Job Description

Job Title

Reports to

Asset Manager

Executive Director

Location

Classification Exempt / Nonexempt

Oakland Corporate Office

Exempt

General Position

The HCEB Asset Manager is responsible for assuring the long-range achievement of financial, physical and regulatory (compliance) benchmarks established for our portfolio of permanent supportive housing, special needs, and affordable properties. The Asset Manager reports to the Executive Director and works closely with the Controller and Portfolio Manager.

Essential Job Functions

• Asset Manager responsibilities
• Implement HCEB’s asset management operations plan for the organization, making recommendations for process and policy improvement.
• Create / update / improve / manage and edit asset management financial models to monitor and track property performance as scheduled.
• Support due diligence efforts related to property acquisition, capitalization and disposition
• Review draft audits; oversee corrective action, as relevant.
• Establish and maintain HCEB’s portfolio compliance calendar
• Maintain clear understanding of key property documents such as, but not limited to, partnership, regulatory, loan and subsidy documents and their relevant obligations and opportunities.
• Assure deferred developer fee payments, asset management fees, and other incentives or reimbursements due to Owner are received, maximizing Owner waterfall opportunities.
• Establish annual property and capital budget expectations that align with established goals, including rent increases; work with property management as required; present to senior team / Board of Directors for approval.
• Assess monthly property operating performance against key performance indicators (KPIs) across the life of the properties, including initial lease-up compliance and corrective recommendations (particularly for watchlist properties).
• Manage property insurance purchasing.
• Develop and annually update asset management plans for each property.
• Respond to inquiries from key stakeholders such as investors, lenders and regulators in a timely manner.
• Develop and maintain effective relationships with key property stakeholders.
• Stay abreast of industry best practices and updated / new relevant programs including industry-related policies, statutes, rules and regulations that impact the properties.
• Conduct periodic property physical and administrative reviews to evaluate property management, management plan conformance and physical condition.
• Work closely with Controller and Portfolio Manager to submit monthly, quarterly, and annual submission of voucher applications and Capitalized Operating Subsidy Reserve requests

Requirements

Americans with Disability Specifications

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodation may be available to enable individuals with disabilities to perform the essential functions.

Physical Demands

While performing the duties of this job, the employee is occasionally required to stand; walk; sit; use hands to finger, handle, or feel objects, tools or controls; reach with hands and arms; climb stairs; balance; stoop, kneel, crouch or crawl; talk or hear; taste or smell. The employee must occasionally lift and / or move up to 25 pounds. Specific vision abilities required by the job include close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus.

Work Environment

The noise level in the work environment is usually moderate.

Job Duties Disclaimer Statement

This position description does not imply that these are the only duties to be performed by the employee. Employee will be required to follow all other job-related instructions and to perform all other job-related duties directed by their supervisor.

I have read, understand, and agree with the terms and conditions listed above.

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HCEB is proud to be an Equal Opportunity Employer. All qualified applicants will receive consideration without regard to race, color, religion, gender, national origin, age, disability, veteran status or any other status protected by law.