What are the responsibilities and job description for the Asset Manager position at The Itex Group?
Job Description
Job Description
Description :
Founded in 2002, the ITEX Group is a privately held real estate investment firm offering expertise in property asset services, property investment, property development, consulting services, and property management. The ITEX Group pursues a broad range of real estate investments that offer risk-adjusted returns to its investors and clients. The key to ITEX’s success is its dedication to fair and equitable relationships with investors. The philosophy is simple : Treat investors' capital as our own and co-invest our capital in every transaction.
The Asset Manager will be responsible for bolstering standard operating procedures and practices for financial performance, asset preservation, and risk management through the responsibilities listed below.
Responsibilities :
- Oversee the performance of an affordable housing portfolio and develop a stabilization plan for non-performing assets.
- Monitor monthly rent collections, bad debt write-offs and evictions, ensuring income is maximized according to each property’s funding program(s).
- Complete on-site inspections to evaluate the physical needs of the asset, review financial performance with on-site staff, and ensure assets are in compliance based on any applicable regulations.
- Correspond with lenders on financial performance and inspections while confirming completion of all lender-required repairs.
- Review and approve bids for capital projects above the property management spending threshold.
- Identify and monitor key market, industry, and competitor data.
- Approve annual operating budgets, paying attention to accurate staffing plans, rent increases, resident services, capital expenditures, and DSCR requirements.
- Ensure replacement reserve requests are submitted for capital projects.
- Performs other duties as assigned.
EOE M / W / D / V
Requirements :
