Asset Manager, Affordable Housing Portfolio

LIHTC Leaders; Berkeley (CA); Hybrid; USD 104,000 - 122,000; Full time

Benefits offered by this job

Hybrid work model

Health/dental/vision insurance

Retirement savings plan

Job summary

Resources for Community Development (RCD) in Berkeley, CA is seeking an Asset Manager to oversee a growing portfolio of multifamily affordable housing. You will work with lenders, investors, property management, and social services to balance financial performance with resident quality of life.

With 2+ years in asset management or related fields, you will monitor KPIs, supervise the John Stewart Company, lead capital planning, and contribute to annual budgets and financial statements.

Qualifications

• 2+ years of experience in asset management, property management, real estate development, or another field with transferable skills.
• Team player with a ‘can-do’ attitude and an outlook that problems are to be solved.
• Strong interpersonal skills and an ability to indirectly manage others.
• Clear and effective verbal and written communication.
• Strong organizational skills and an ability to juggle and prioritize multiple responsibilities.
• Demonstrated ability to analyze property financial statements.
• Strong Excel ability.
• Associate degree required;
• Bachelor’s degree preferred or other transferable experience.

Responsibilities

• Manage a portfolio of rental housing to meet or exceed corporate revenue targets while maintaining or improving the financial and physical condition of the underlying real estate.
• Indirect management of the property management company, John Stewart Company, as well as representing RCD in management-related issues and decision-making.
• Engage in portfolio-level capital planning, business planning, and financial management.
• Collaborate with other departments, including Real Estate Development and Resident Services, as needed.
• Develop, implement, and maintain property-level strategies directed toward the financial and physical well-being of the asset and its eventual financial repositioning.
• Monitor Key Performance Indicators and oversee necessary property modifications through resolution.
• Support quality control, accuracy, and timeliness of real estate administration, including compliance tracking; lender and investor reporting; subsidy administration; property-level legal proceedings and exposure; and insurance claim administration.
• Given third-party property management by the John Stewart Company, routine and continual communication and coordination with property management staff regarding operational issues that require owner input.

Skills

Asset management

Team player

Verbal & written communication

Excel

Organizational skills

Education

Associate degree

Bachelor’s degree preferred

Tools

MRI

Yardi

RealPage

Sage

Boston Post

Salesforce

Job description

Resources for Community Development (RCD) in Berkeley, CA is seeking an Asset Manager to oversee a growing portfolio of multifamily affordable housing. You will work with lenders, investors, property management, and social services to balance financial performance with resident quality of life.

With 2+ years in asset management or related fields, you will monitor KPIs, supervise the John Stewart Company, lead capital planning, and contribute to annual budgets and financial statements.