Asset Manager

The Asset Manager is primarily responsible for representing the owner/sponsor interests for a portfolio of affordable housing properties owned or managed by Kingdom Development. The essential functions of the Asset Manager position include the following:

Responsibilities:

• Reviews operating statements monthly
• Monitors program compliance specific to the deal
• Provides portfolio reporting and strategic recommendations to address issues related to the financial performance of the property, capital planning or operational issues
• Conducts periodic site inspections
• Identifies Watch List properties and works with Property Management personnel to prioritize issues and develop action plans to address them
• Prepares projections and works to increase cash generated from operations for payment of sponsor debt, fees and cash flow distributions
• Identifies properties that are candidates for refinancing, resyndication and other restructuring
• Analyzes long-term property performance against projections
• Monitors report distribution to see that all requirements are met with the external stakeholders
• Approves annual property budgets
• Reviews annual audit for portfolio
• Interacts with internal staff (Property Management, Finance, Accounting, Development, Risk Management and Compliance) and external parties (investors, lenders, regulators, auditors) to achieve property goals
• Participates in due diligence and reviews proformas of prospective deals to assess deal viability
• Participates in the transition process when a property is moving from Development to stabilized operations
• Works independently and continues to increase industry knowledge
• Participates on projects to improve department and interdepartmental processes
• Other duties as assigned

Other Responsibilities

Attend Company sponsored events that relate to the development of the team, which, from time to time, may include overnight stays at locations away from the employee’s home

Experience:

The Asset Manager should have the following minimal skills:

• Three to four years in asset management or related areas of real estate or affordable housing which; may include development, investment, property management, acquisitions/dispositions.
• Must have knowledge of regulatory programs, the housing industry, marketing, physical asset management, and working knowledge of multi-family and senior communities.
• Must be familiar with HUD, Bond, Tax Credit, and Conventional financed occupancy related programs.
• Incumbent must have demonstrated track record of exceptional problem-solving within a sophisticated operating environment and be able to implement rapid turn-around plans.
• Must be computer literate, with strong spreadsheet and word processing knowledge: MSWord, Excel, Outlook, internet required. MS Project is helpful.

Note: This job description is not intended to be all-inclusive. Employee may perform other related duties as negotiated to meet the ongoing needs of the organization. Pay is based on relevant experience.

Job Type: Full-time

Pay: $55,000.00 - $65,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Flexible schedule
• Health insurance
• Life insurance
• Paid time off
• Tuition reimbursement
• Vision insurance

Schedule:

• 8 hour shift
• Monday to Friday

Work Location: In person

Salary : $55,000 - $65,000