Facilities Asset Manager

Organization:

The Latino Economic Development Center (LEDC) is a nonprofit organization that provides economic opportunities for Latinos in Minnesota by offering ongoing small business technical assistance, access to loan capital for business start-up or expansion, and training on business development topics. LEDC has been engaged in this work for more than two decades, and as a Community Development Financial Institution (CDFI), can raise capital from a wide range of philanthropic, corporate, and governmental sources to then invest consistent with the mission, goals, and activities described above.

Position: Facilities Asset Manager

Responsible to: Executive Director

Employment Classification: Exempt

Job Summary:

The Asset Manager will manage and oversee the programming, maintenance and evaluation of all LEDC –owned facilities. As of 2025 LEDC owns 3 properties. The position will be responsible for ensuring that our assets are well-maintained, efficiently utilized, and properly capitalized. This role is crucial in supporting our mission by managing our physical resources effectively.

Duties and Responsibilities:

• Manage portfolio of properties (commercial, retail, and housing)
• Oversee the programming of these properties and their respective budgets
• Develop and implement maintenance schedules for all facilities.
• Coordinate with maintenance staff and external contractors to ensure timely repairs and upkeep.
• Oversee contracts and leases for the properties; evaluate market trends and lease pricing
• Conduct regular inspections to identify and address maintenance needs.
• Maintain records of maintenance activities and costs.
• Assess the value and condition of assets to determine capitalization needs.
• Prepare reports on asset valuation and recommend capitalization strategies.
• Collaborate with finance and accounting teams to ensure accurate asset capitalization.
• Monitor and report on the depreciation and amortization of assets.
• Optimize the use of facilities to support the organization's programs and activities.
• Develop and implement policies for asset usage and allocation.
• Track and analyze asset performance to identify opportunities for improvement.
• Ensure compliance with relevant regulations and standards.
• Identify and mitigate risks associated with asset management.
• Develop and implement safety protocols for facility operations.
• Builds relationships with organizations and resources related to tenants (rent assistance, safety issues, city inspections, etc.)
• Other duties as assigned.

Skills and Qualifications:

· Bachelor's degree or other advanced Degree in Business Administration, Property Management, Affordable housing or Commercial Management, Construction Management, Project Management, Facilities Management, or a related field, or equivalent experience.

· Minimum of 3 years of experience in asset management, facilities management, or a related field.

· Strong knowledge of maintenance practices and asset capitalization.

· Excellent organizational and project management skills.

· Strong analytical and problem-solving skills.

· Detail-oriented and highly organized.

· Ability to work collaboratively with diverse teams.

· Proficiency in asset management software and tools.

· Organizational efficiency expertise, process improvement and resource allocation.

· Occasionally work in confined spaces, and the ability to lift and carry heavy weights that could be up to or even exceed 50 lbs. (e.g., moving office furnishing etc.), work overhead on and off a ladder, and climb stairs repeatedly.

· High level of proficiency using Microsoft Office systems (Outlook, Word, Teams, Excel, PowerPoint, Planner)

· Excellent communication and interpersonal skills.

· Ability to communicate fluently in Spanish and English, a plus.

· Prior experience working in a non-profit organization, a plus.

· Must be flexible regarding working hours (weekends and evenings may be required)

Compensation and Benefits:

Pay range for this role is: $75,000 to $95,000 per year

· 100% Company paid medical, dental and vision insurance coverage for employees and their eligible dependents.

· 9 company paid holidays (including two float holidays) plus company paid holidays between Christmas Eve through New Year’s Day

· Paid Parental Leave

· 403(b) retirement plan

· Flexible, Hybrid schedules

To Apply:

Apply via the really.com job link. Please include a cover letter, three references, and resume. LEDC will prioritize applications received by February 3, 2025. We will aim to hold interviews the week of February 10th. LEDC is an Equal Opportunity Employer. Background Checks will be conducted, and a Confidentiality Agreement will be required if an offer is extended.

Latino Economic Development Center

804 Margaret Street, Saint Paul, MN 55106

Job Type: Full-time

Pay: $75,000.00 - $90,000.00 per year

Benefits:

• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Retirement plan
• Vision insurance

Schedule:

• Monday to Friday

Language:

• Spanish (Preferred)

Ability to Commute:

• Saint Paul, MN 55106 (Preferred)

Ability to Relocate:

• Saint Paul, MN 55106: Relocate before starting work (Preferred)

Work Location: In person

Salary : $75,000 - $95,000