Asset Manager

Nevada-Hand-Inc; Spring Valley (NV); On-site; USD 90,000 - 130,000; Full time

Job summary

Nevada HAND seeks an Asset Manager to oversee a portfolio across development and stabilization phases, coordinating with Real Estate Development, Finance, and Property Management teams in Las Vegas. The role emphasizes investor and lender reporting, proformas, and budgeting to maximize cash flow and compliance.

The ideal candidate has five years of financial analysis or asset management experience, LIHTC knowledge, and strong Excel/Microsoft Office skills.

Qualifications

• Bachelor's degree or five years of related experience.
• At least five years in financial analysis and reporting or asset management.
• Strong communication skills, both oral and written.
• Proficiency with Excel and other Microsoft Office products.
• Knowledge of LIHTC or affordable housing development is a plus.

Responsibilities

• Manage an assigned property portfolio and act as primary contact for investors and lenders.
• Coordinate responses to investor/lender questions and site inspections.
• Submit financial reports to partners, lenders, regulators, and auditors.
• Prepare unit trackers, tax credit estimates, and lease-up reporting for projects.
• Develop proformas and long-term strategic plans with cross-functional teams.
• Assist in budgeting to maximize cash flow and economic benefits.
• Conduct site visits and disseminate inspection reports to stakeholders.
• Create and refine reporting procedures and data systems.

Skills

Financial analysis

Asset management

LIHTC knowledge

Excel proficiency

Communication skills

Driver's license

Education

Bachelor's degree or equivalent experience

Tools

Yardi

Microsoft Office

Excel

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Asset Manager

Full Time Regular Professional Las Vegas, NV, US

15 days ago Requisition ID: 2947

Summary Duties and Responsibilities:

The Asset Manager works closely with Real Estate Development, Finance, and Property Management teams to ensure the long-term financial and physical sustainability of the organization’s portfolio. Key responsibilities include interacting with investors, lenders, regulatory and government agencies to fulfill reporting requirements and obtain transaction approvals.

Essential Functions and Work Duties:

The following essential functions of this position are performed personally, in cooperation with the supervisor, and/or in coordination with other staff. Additional work functions and duties may be assigned.

• Responsible for an assigned property portfolio consisting of new, re-syndicated and stabilized properties acting as primary contact for investors and lenders.
• Coordinate all responses to questions and requests from investors/lenders regarding assigned portfolio including coordination of site inspections.
• Ensure timely submission of financial reports and other reporting requirements to partners, lenders, regulatory agencies, and other interested parties. Research reporting requirements for new partnerships and update the master reporting calendar.
• Create and maintain the monthly unit tracker, tax credit calculation estimates and lease-up reporting on new and re-syndicated projects for internal use as well as investors and 3 rd party auditors. Create the unit mapping worksheet for new projects and collaborate with the Director of Compliance and the VP of Asset Management to assign set-asides to each unit.
• Collaborate with the Real Estate Development and Property Management teams to create proformas and long-term strategic plans for new properties. Perform analyses comparing actual to proforma.
• Collaborate with the Property Management, Finance and Asset Management teams to prepare annual operational budgets for assigned properties focused on optimizing property revenue and managing expenses to maximize cash flow and economic benefits to Nevada HAND, its affiliates, and investors. Ensure timely submission to Investment Committee, investors and lenders as required.
• Assist with management of the physical health of the portfolio by participating in property site visits. Assist with the management and dissemination of site inspection reports and analyses to the Property Management team, Executive Leadership Team, and other appropriate parties. Follow up using various methods (e.g., reviewing financial reports for purchases, conducting re-inspections, reviewing documents provided by staff) to ensure that any needed improvements are completed.
• In collaboration with the Property Management team, Resident Services team, and other appropriate parties, develop annual capital budgets for each assigned property.
• Calculate, review and monitor property cash flow distributions for assigned properties in accordance with each respective limited partnership agreement (LPA). Create cash flow calculations for new or re-syndicated properties following the requirements stated in the Limited Partnership Agreements (LPAs).
• In collaboration with appropriate teams, comprehensively analyze ongoing property financial reports to problem-solve and proactively affect necessary changes for under-performing assigned properties.
• Develop asset management plans for assigned properties to correct impediments to property cash flows as needed; facilitate plan status updates.
• Maintain and utilize asset management systems, tools, and financial models to forecast and communicate long-term outcomes based upon current property results.
• Assist in the creation and refinement of the reporting procedures, database, and other informational systems used to collect data, track projects, enhance communication, and disseminate findings and results.
• Collaborate with the Real Estate, Property Management, and Finance teams to create, monitor and maintain project deal book information within the shared drive database.
• Prepare and submit reserve withdrawal requests for assigned properties. Develop reserve analyses based on long-term capital needs assessments.
• Interpret and monitor partnership, lender and interested party documentation to ensure ongoing compliance requirements are met.
• Participate in collaboration discussions with Property Management to evaluate policies and procedures that support the best interests of owners/investors as well as Nevada HAND’s mission.
• Collaborate with business units throughout the life stage of properties from pre-development to disposition.
• Perform various financial and analytical analyses as assigned including but not limited to Yardi Spreadsheet Links (YSLs), Quarterly Operations Reports (QOR), Quarterly Financial Performance Reports,Board Reports/Dashboards, Watchlist Properties, Rent Analyses, and Rent Burden Analyses.

Other Functions and Work Duties:

• Perform other duties as from time to time may be determined necessary for the well-being of the total operation.
• Coordinate specific work tasks with other personnel within the department as well as with other departments in order to ensure the smooth and accurate flow of work and information.
• Perform tasks which are supportive in nature to the essential functions of the job, but which may be altered or re-designed upon individual circumstances.

Qualifications and Skills Required:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and/or Experience:

• Bachelor's degree in a relevant field of study preferred. In lieu of degree, an additional five years' experience in the area(s) noted below.
• Five years' experience in financial analysis and reporting, asset management, or affordable housing development including LIHTC.
• Proficient oral and written communication skills.
• Proficient in financial analysis using Excel spreadsheets.
• Proficient in Microsoft Office products.

Other Skills and Abilities:

• Real estate acumen, affordable housing preferred.
• Advanced financial analytical ability.
• Capacity to establish and monitor property performance expectations.
• Must possess a valid driver’s license, vehicle and vehicle insurance.

Physical Requirements:

• Stooping- frequently bending body downward and forward by bending spine at the waist, requiring full use of the lower extremities and back muscles.
• Reaching - frequently extending hand(s) or arm(s) in any direction.
• Handling - frequently seizing, holding, grasping, turning, or otherwise working with hand or hands.
• Ability to transport files up to approximately 20 pounds.
• Ability to lift files up to 20 pounds from the ground level to 4 feet in height and move them from shelf to shelf in storage.
• Able to talk or hear using telephone.
• Able to sit at desk for extended periods of time.
• Specific vision abilities required by this job include close vision, depth perception and ability to adjust focus.
• Walking- moving about on foot to accomplish tasks, particularly walking a property. The worker is subject to both environmental conditions inside and outside.