What are the responsibilities and job description for the Asset Manager position at Wallick?
Description
Wallick Communities, an employee-owned company, gives low-income families and senior citizens a place called “home” – thanks to five decades of experience in developing, building, managing, and overseeing affordable multi-family housing and assisted-living communities across the mid-west.
Wallick Values: Our Values flow directly from our Mission and set the expectation for how all associates work together. These values are:
The work - How you will contribute: In accordance with the Wallick Mission and Values, act as the Owners’ representative to ensure the asset is meeting the financial and compliance commitments, monitoring the long-term viability, and creating value through strategic decisions. This role will manage around 30 properties, ensuring the asset is sustainable over time.
Essential Functions and Responsibilities:
You have a bachelors degree in finance or a related field, and 3 or more years of experience in an asset management or similar role within the multi-family real estate industry.
Diversity, equity, inclusion, plus belonging. Four impactful words. One powerful and transformative journey. Here at Wallick, we know that when we invest in the equity of each group, all groups benefit. It’s not about one person, one idea, nor any one action. It’s about what we can accomplish together. Join us and work towards creating an inclusive and diverse workforce experience at Wallick. We are an equal opportunity employer.
Candidates must successfully pass a pre-employment drug screen and background check.
Wallick Communities, an employee-owned company, gives low-income families and senior citizens a place called “home” – thanks to five decades of experience in developing, building, managing, and overseeing affordable multi-family housing and assisted-living communities across the mid-west.
- 55 years serving our communities
- 20,000 residents call our community’s home
- 5 states and growing
- Employee owned with 1000 associates
Wallick Values: Our Values flow directly from our Mission and set the expectation for how all associates work together. These values are:
- Care
- Character
- Collaboration
The work - How you will contribute: In accordance with the Wallick Mission and Values, act as the Owners’ representative to ensure the asset is meeting the financial and compliance commitments, monitoring the long-term viability, and creating value through strategic decisions. This role will manage around 30 properties, ensuring the asset is sustainable over time.
Essential Functions and Responsibilities:
- Review and approve annual strategic, operation and financial plans and budgets for the portfolio with Affordable Housing Operations.
- Understand partnership documents and loan documents as they relate to all aspects of the asset
- Calculate annual cash flow distributions for the Wallick owned portfolio
- Meet regularly with Affordable Housing Operations to discuss operating results, variances to budget and strategize on opportunities for property performance improvement
- Analyze business operations, trends, expenses, revenue, and financial commitments to project future revenue and expenses
- Create plans, set goals, and measure results for troubled assets
You have a bachelors degree in finance or a related field, and 3 or more years of experience in an asset management or similar role within the multi-family real estate industry.
- An intermediate understanding of accounting and finance is required.
- A basic knowledge of applicable laws and regulations governing public housing is a plus.
- Should be familiar with some type of automated accounting software, in addition to Microsoft Office software.
- Must possess the ability to read and analyze financial reports and other accounting data.
- Must be able to respond to inquiries from assigned properties and co-workers.
- Must possess the ability to effectively present information to management.
- Must possess the ability to apply advanced mathematical concepts and operations to tasks.
- Make complex decisions requiring some judgment.
- Decisions may affect internal departments and/or assigned properties.
- Employee Stock Ownership Plan
- Pay on demand (access your money as you earn it)
- Up to 8 weeks of Paid Parental Leave
- Paid time off, Holiday pay, and Gift of Time
- Health, Dental and Vision insurance effective within 2 weeks
- Gym membership or Fitness equipment reimbursement
- Company paid life and long-term disability insurance
- Voluntary life, short-term disability, accident, critical illness, and hospital indemnity coverage
- 401(k) with a 3.5% company match
- Tuition reimbursement
- Pet insurance
Diversity, equity, inclusion, plus belonging. Four impactful words. One powerful and transformative journey. Here at Wallick, we know that when we invest in the equity of each group, all groups benefit. It’s not about one person, one idea, nor any one action. It’s about what we can accomplish together. Join us and work towards creating an inclusive and diverse workforce experience at Wallick. We are an equal opportunity employer.
Candidates must successfully pass a pre-employment drug screen and background check.
