Job Description

Our SelectLeaders' client, BRIDGE Housing Corporation, a leading nonprofit developer of affordable homes, creates and manages a range of high-quality, affordable homes for working families and seniors. BRIDGE Housing is seeking a Senior Asset Manager. The Senior Asset Manager (SAM) is responsible for a portfolio of approximately 30-35 properties and serves as the primary contact for the portfolios investors and lenders. The portfolio includes a mix of property and financing types, including a number of public housing properties. The SAM acts as the representative of the owner of each property and as such, they are directly responsible for ensuring that the long-term financial health of properties in the portfolio, owner and lender requirements. The SAM works closely with several cross-functional teams focused on the financial health of the portfolio, including Property Management and individual property site staff, Accounting, Legal, Insurance, and Development. The SAM has extensive external contact with consultants (legal, financial, etc.), regulatory agencies, lenders and investors. Job Responsibilities Take the lead on creating and maintaining comprehensive asset management/strategy plans for each property in assigned portfolio Take the lead on limited partner buyouts and refinancing of debt. As assigned, work with Development and Property Management to create accurate pro forma and long-term strategic plans for new properties Complete portfolio analysis and summary reports to determine concerns impacting the financial and/or physical health of the asset Ensure properties are meeting financial goals as projected/required under all agreements or regulations Review all reporting information due to investors/lenders Research partnership agreements, financing documents, regulatory agreements, tax returns, and other source documents to determine constraints and barriers to long-term needs Conduct site visits, document property condition and develop corrective action as appropriate Review all governing documents for new and existing properties Collaborate with others to resolve issues related to cash-flow and long-term capital needs, including working with investors/lenders to free-up existing reserves or secure loans Financial Analysis Evaluate property plans to ensure surplus cash will meet long-term corporate cash flow targets Manage annual budget process with assigned portfolio; propose solutions to cash-flow issues Monitor portfolio to ensure that financial performance is in-line with the budget and that variance explanations meet BRIDGE and investor/lender requirements Monitor and review audits to ensure surplus distributions are made correctly and on a timely basis Monitor that properties moving into operations are meeting financial performance according to the pro forma Relationship Management Establish and maintain good working relationships with lenders and investors as the primary contact for properties in the assigned portfolio Negotiate with partners and/or lenders as needed to amend agreements Facilitate approval processes with lenders and/or investors as needed Develop and sponsor occasional meetings to review portfolios with investors, lenders, and internal groups, including the coordination of on-site property visits in the portfolio Prepare annual Board reports for single purpose entities Coordinate all responses to questions from investors/lenders on assigned portfolio Physical Planning ~ Review long-term capital plans for the properties in assigned portfolio, suggesting adjustments to the Portfolio Rehabilitation Manager if necessary, managing reserve balances to meet long-term cash needs, identifying those properties requiring outside funding, and ensuring that major projects are progressing on plan Qualifications Bachelors Degree in Finance, Business Administration, Accounting or related field Seven or more years of experience in real estate or finance with emphasis on financial analysis of large portfolios Experience in managing limited partner interest buyouts and refinancing Experience in at least four of the following areas: non-profit affordable housing, refinancing of debt, HUD regulatory programs, real estate accounting, financial analysis, property management or project development Demonstrated proficiency with Excel and Word Ability to multitask and adapt to changing priorities in a fast-paced and collaborative environment Ability to present comfortably and in a well-organized manner in front of large groups Ability to prepare financial feasibility analyses and strategic plans, conduct research, and prepare narrative reports and proposals Strong analytical and accounting skills Strong written and verbal communication skills Good business and financial judgment Ability to work effectively with all levels of staff in many departments, external financial professionals, and public officials Experience with, or strong interest in, non-profit organizations Ability to provide day-to-day support of assigned portfolio with minimum supervision $130,000 - $140,000 a year #J-18808-Ljbffr

Job Tags

Full time, Work from home,

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