Program Manager of Asset Management

Job Title    Capital Asset- Program Manager of Asset Management 

Reports To    Sr Director of Asset Management

Salary Grade   E7 

FLSA Status    Exempt 

Effective    March 2025

Summary

Under general guidance and supervision from the Senior Director of Asset Management, the Capital Assets Program Manager assists in helping structure the funding and regulatory requirements of existing low-income apartment communities. The Manager oversees financial property management of the organization’s permanent housing portfolio, including monitoring financial performance and implementing cost reduction plans. This position monitors and reports on the financial performance of a portfolio of affordable housing properties at both an individual and aggregate level, and is responsible for maintaining fiscal/ budgetary compliance across all the affordable housing programs.

Essential Functions

•    Provides review and input on funding and regulatory legal contracts and agreements for new developments, property management, social services, and regulatory authorities as needed.  interest. 

•    Identifies to AM Team funding and regulatory requirements that have a significant impact on compliance or operations, which are the responsibility of, or require participation from, other departments, and clearly explains their impact if not performed.  To that end, this position may be required to:    

Analyze LP Monthly financial statements and identify issues that impede business and strategic objectives, and opportunities to exceed same. Monitor and assess current projects for compliance. Evaluate all business activities relating to compliance. Audit processes and procedures.

•    Contribute to a continuous improvement effort and helps AM team answer questions with respect to compliance and audits. Suggest objectives and goals for each property. Produce reports on assigned goals monthly, quarterly and yearly.

•    Participates in the drafting, review and approval process for individual LP budgets 

•    Creating financial analysis around property management, LP financial models, and ROI

•    Draft, review and edit legal contracts with property management, social services, regulatory authorities, etc.

•    Review and approve annual budgets, Monthly Analysis of Property performance versus Budget, Lead Property Reserve use /Withdrawal Requests & Analyze and implement rent roll increases

•    Performs other duties as assigned.    

Qualifications

•    Bachelor’s degree in a related experience preferred with 2 years of work experience in a similar role (assistant asset manager or similar). 4 years of related work experience will substitute for Bachelor’s degree

•    Strong organizational skills along with the ability to work a flexible schedule or work from any of the portfolios of properties. 

•    Ability to review and understand profit and loss statements. 

•    Intermediate to advanced ability in MS applications, primarily Excel, word, and any task management application

•    Experience with construction project bidding process and contractor/vendor management. Familiarity with typical construction contract documents.

About Father Joe’s Villages

At Father Joe’s Villages, we’re looking for compassionate, mission-driven individuals to join our team and help us end homelessness one life at a time. Our work is driven by our C.R.E.E.D which is the foundation for our interactions with clients, volunteers, other staff members, and the community at large:

Our Values

•    Compassion-Concern for others and the desire to assist.

•    Respect-An act of giving particular or special regard.

•    Empathy-Understanding and being aware of and sensitive to the feelings, thoughts, and the experience of others without judgment.

•    Empowerment-Helping others to help themselves.

•    Dignity-All people are considered worthy of our esteem.