Asset Manager

SCI, the leading affordable housing executive search firm, has been retained to recruit an Asset Manager for a one of the top national affordable housing developers in the country with a history of developing over forty-five thousand units.

The role reports to the VP of Asset Management and would oversee a portion of their portfolio of LIHTC assets, most of which are large scale, new construction.

Since this role is highly collaborative across departments, it must be based in their main office in Miami. They would consider relocations.

Responsibilities:

• Reviews monthly financial statements, perform income and expense analysis, balance sheet analysis and budget variance comparisons.
• Identify properties with operational issues, investigate causes and facilitate problem resolution; work to resolve issues through collaboration with 3rd party management.
• Conduct necessary site visits, and potentially more frequently for properties with concerns to avoid LP Watch Lists and develop action plans and implement to correct problems.
• Prepare monthly owner reports and track the property cash flow reporting schedule.
• Evaluate property management performance including staffing. Discuss performance or concerns with manager.
• Assist in building the structure of the Asset Management department organizationally and online in SharePoint.
• Establish and monitor 3rd property management expectations from lease up through the end of the compliance period.
• Develop relationships with community partners, non-profit partners, housing authority resident organizations, with the focus to enhance the portfolio needs.
• Review funding requests during the lease up and verify accuracy prior to submitting requests.
• Collaborate with 3rd party management in preparation of annual budgets and ensure they meet owner and partnership expectations.
• Support and collaborate with development and construction department colleagues as needed.
• Monitor reserve balances and submit replacement reserve requests when directed.
• Other duties as directed or special projects assigned by manager.