Asset Manager

Mission-Housing-Development-Corporation; San Francisco (CA); On-site; USD 105,000 - 115,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Retirement plan

Job summary

Mission Housing Development Corporation in San Francisco seeks an Asset Manager to oversee the portfolio's financial health and operations, acting as Owner's Representative. The role emphasizes rigorous financial analysis, budget oversight, and collaboration with property teams.

The ideal candidate has strong Excel skills, is experienced in asset management or affordable housing, and can coordinate with MHDC’s Asset Management and Property Management groups to maintain portfolio viability.

Qualifications

• Bachelor's degree in real estate, finance, or related field preferred.
• Experience in affordable housing required.
• At least 1 year in asset management and/or property management, preferably in affordable housing or multifamily real estate with exposure to commercial real estate.
• CPM or CHAM designation strongly preferred.
• Strong MS Excel skills and familiarity with property management software (YARDI).

Responsibilities

• Creates, reviews and approves annual property management budgets in collaboration with Property Management.
• Ensures property conditions and operations meet MHDC standards for health, safety, and long-term portfolio stability.
• Meets reporting requirements and inquiries from regulatory and financing partners.
• Monitors operating results, analyzes variances, and suggests improvements.
• Reads and interprets financial statements and audits to improve property performance and cashflow.
• Identifies and manages properties on watch/critical list.
• Manages capital needs assessments and capital plans.
• Leads lease negotiations and lease execution as applicable.
• Works with Asset Management team and other departments to find solutions.

Skills

Financial analysis

Excel

Budgeting

Negotiation

Time management

Communication

Education

Bachelor's degree in real estate/finance

CPM/CHAM designation preferred

Tools

YARDI

Job description

Salary Range: $105,000.00 To $115,000.00 Annually

Job Title: Asset Manager

Department: Asset Management

Reports To: Initially to the Director of Asset Management;afterward, toSenior Asset Manager

Job Status: Exempt, Full-Time

Compensation:$105,000.00-$115,000.00 per year, DOE; medical, dental, vision & retirement plan

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Summary

The Asset Manager at Mission Housing Development Corporation acts as Owner's Representative in relation to the physical and financial status of each property in the assigned portfolio and protects the financial health and long-term viability of the portfolio. The ideal candidate has strong analytical, financial, and Excel skills.

Essential Functions

• Creates, reviews and approves annual property management budgets in collaboration with Property Management
• In close coordination with property management, ensures property conditions and operations meet Mission Housing’s standards for resident health and safety as well as long‑term portfolio stability
• Meets reporting requirements and inquiries from regulatory and financing partners within given deadlines
• Monitors property operating results in relation to budgets and analyzes variances, provides feedback and suggestions for property performance and implements improvements
• Reads and interprets financial statements and property audits to derive suggestions and recommendations for property financial performance, including analysis of loan and regulatory structure to improve property performance and/or cashflow to Mission Housing
• Identifies and manages property(ies) on the watch list/critical list
• Manages construction draws on small scale capital improvement projects for properties in assigned portfolio
• Creates and updates asset business plans focused on identifying and mitigating property related risk
• Performs/monitors property inspections (including annual inspections)
• Identifies opportunities for refinancing
• Leads commercial tenant lease negotiations and lease execution (as applicable)
• Manages capital needs assessments and develops capital plans
• Works as part of a dedicated and supportive Asset Management team
• Develops consensus within and between diverse groups and treats a variety of people with respect and compassion
• Resolves conflicts through negotiations and maintain relationships during difficult situations
• Meets deadlines and works well under pressure, utilizing effective time management to meet competing demands
• Works collaboratively with AM team, PM and Services or MHDC’s various department, city agencies, partners etc., utilizing creative and innovative solutions
• Reads, interprets, and comments on financial statements and legal documents
• Reviews contracts and capital/operating expenditures and presents for approval with a clear analysis of cost/benefit and risk and corporate guidelines
• Stays current with the latest funder and regulatory regulations including but not limited to the housing programs for the City of San Francisco, State of California
• Represents Mission Housing Development Corporation in a professional manner at all times
• Understands and commits to the mission and philosophy of Mission Housing Development Corporation
• Performs other duties as considered appropriate and consistent with the mission of Mission Housing, including working at occasional community‑building activities, programs and events (i.e., annual on‑property community activities, Carnaval, Sunday Streets, fundraisers, etc.) – as needed or assigned, during or outside regular business hours

Disclaimer: The employer reserves the right to change or assign other duties, if necessary.

Minimum Qualifications

• Education: Bachelor's degree in real estate, finance, business, or related field strongly preferred
• Experience in affordable housing is required
• Minimum of one year of real estate, asset management and/or property management experience, preferably within affordable housing or multifamily real estate with exposure to commercial real estate
• Certified Property Manager (CPM) of Certified Housing Asset Management (CHAM) designation is strongly preferred
• Able to negotiate and lead decision‑making processes within Mission Housing leadership team as well as external parties
• Strong time management and organizational skills with attention to detail, and technical project management
• Advanced proficiency in MS Office suite (in particular Excel) and property management software i.e. YARDI.
• Excellent written, verbal communication and relationship management skills
• Extensive problem solving and flexibility while remaining focused on solutions
• While performing the duties of this job, the employee is regularly required to sit; use hands; reach, talk and hear. The employee is occasionally required to stand, walk and drive.
• The employee must occasionally lift and/or move up to 20 pounds.

Work environment

• The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
• The noise level in the work environment is usually quiet to moderate. However, construction sites may be noisy and appropriate measures should be taken to protect hearing and health on job sites.

About Mission Housing

Mission Housing Development Corporation is a private nonprofit housing developer founded in 1971. Mission Housing’s mission is to strengthen communities and build equity by creating and preserving service‑rich affordable housing. We own 40 affordable housing buildings serving 3,500 families, seniors, and formerly unhoused San Franciscans. Mission Housing’s vision is vibrant communities where everyone has secure, affordable, and sustainable housing.

Mission Housing is an equal opportunity employer and does not discriminate against any employee or applicant for employment because of race, color, ethnic background, religion, sex, sexual orientation, age, national origin, or disabilities. Please let us know if you need any reasonable accommodations.

Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.

Mission Housing is a drug‑free workplace as required by the “Drug-Free Workplace Act of 1988.”