What are the responsibilities and job description for the ASSET MANAGER / ACCOUNTING MANAGER position at T&H?
ABOUT US:
At T&H, we are all about reviving communities to help them flourish, advance, and succeed. With offices in Indianapolis, Indiana, and Washington DC, we specialize in the development and construction of multifamily, mixed use, and other commercial projects including adaptive reuse, affordable housing, and workforce housing. T&H is proud to be a WBE certified Company and has developed projects using 4% and 9% low-income housing tax credits, soft subsidy loans through state and local governments, state and federal historic tax credits, tax abatements, bridge loans, and private equity. The executive leadership team has developed over $1 Billion of affordable housing projects and has more than 30 years of community development experience.
CORE FOCUS: We exist to improve lives….by solving community needs with innovative housing.
CORE VALUES: Love What You Do | Do Well By Doing Good | Family Culture | Work Smart, Work Hard | Do The RightThing
“Good values are like a magnet; they attract good people” – John Wooden Work with us!
Work with us!
Overview:
As an Asset Manager, you will be responsible for overseeing and reporting the financial performance and strategic management of the company’s portfolio of properties. Your primary goal will be to maintain compliance with all the reporting requirements we have with our different financing partners.
Key Responsibilities:
Portfolio Management/ Financial Analysis and Reporting:
- Conduct Weekly/Bi-Weekly property update calls with property management teams and compile information into a monthly report
- Conduct financial analysis, including budgeting, forecasting, and variance analysis, to monitor the performance of each property in the portfolio
- Oversee and monitor the achievement of benchmarks such as construction completion, initial lease-up, stabilization, permanent loan conversion, and receipt of executed 8609s.
- Includes review of tax bills and appeal as needed
- Includes filing of all abatement paperwork, including initial and annual filings and other compliance-based reporting
- Includes review of annual insurance premiums upon renewal and working with insurance broker at renewal
- Includes working with insurance broker to provide updated insurance certificates to all financing partners
- Includes monitoring lease up and occupancy at entire portfolio, and calculation of credit delivery for investors
- Includes review of debt structure for opportunities to refinance
- Includes creating an internal watch metric and reporting system to ensure our properties are maintained to our standards
- Prepare reports to different soft funding sources to ensure we stay in compliance
- Maintain Project Guarantee tracker up to date with all company and individual guarantees
- Review other departments monthly reports and highlight any changes that will affect the overall project
- Prepare regular financial reports and presentations for stakeholders, highlighting key performance metrics and recommendations for improvement.
Asset Preservation and Maintenance:
• Oversee maintenance activities and capital improvement projects to ensure the safety, comfort, and longevity of the properties.
Stakeholder Engagement:
- Collaborate with property management teams, investors, lenders, and other stakeholders to achieve common goals and objectives.
- Communicate effectively with internal and external stakeholders, providing updates on asset performance and strategic initiatives.
Risk Management:
- Identify and mitigate risks associated with property ownership and management, such as legal liabilities, environmental hazards, and market fluctuations.
- Develop contingency plans and risk mitigation strategies to protect the interests of investors and stakeholders.
Qualifications:
- Bachelor’s degree in accounting or related work experience
- Proficiency in financial analysis, budgeting, and forecasting.
- Excellent communication, negotiation, and interpersonal skills.
- Ability to work effectively in a fast-paced, dynamic environment with multiple stakeholders.
- Relevant certifications (e.g., Certified Property Manager, Certified Affordable Housing Provider) a plus.
- Must be proficient with Microsoft Office Suite with a heavy emphasis on Excel and Word.
