Asset Manager & Compliance Liaison (Affordable Housing)

Napa Valley Community Housing; California (MO); On-site; USD 37,195 - 46,838; Full time

Job summary

Napa Valley Community Housing in California is seeking an Associate Asset Manager and Compliance Liaison to ensure long-term viability of asset portfolios. This role involves analyzing property operations, monitoring compliance with state and federal requirements, and developing internal asset management systems.

Applicants should have experience in affordable housing, strong analytical skills, and the ability to work under pressure. The position offers a salary between $27.00 and $34.00 per hour, depending on experience.

Qualifications

• Experienced property manager and/or compliance associate in affordable housing.
• Strong aptitude for analysis and projections.
• Effectively presents ideas and information orally and in writing.

Responsibilities

• Review monthly property financial packages and clarify discrepancies.
• Monitor property performance against budget and initial underwriting.
• Assist in approving annual property operating budgets.

Skills

Property management experience

Analytical skills

Organizational skills

Education

Bachelor’s degree or 4+ years’ equivalent experience

Job description

Associate Asset Manager and Compliance Liaison

• Full-time

The mission of Napa Valley Community Housing is to develop, preserve and manage affordable homes and, through our Resident Services Program, teach successful life and leadership skills.

The Associate Asset Manager and Compliance Liaison will assist with the oversight of the portfolio to ensure long-term viability of the assets. This individual will also analyze property and partnership operations and maintain records and financials for each property’s assets “portfolio”. Maintain close relationship with agent and assist with oversight and monitoring of portfolio compliance with state, federal, local agency requirements for Affordable programs. The Associate Asset Manager and Compliance Liaison will report to the CEO and work closely with other internal and external team members.

Responsibilities

• Review the monthly property financial packages and clarify any discrepancies with the property management agent. Follow-up to ensure properties are meeting budget targets and benchmarks. Monitor property performance in comparison to budget, initial underwriting, and operation of similar properties.
• Establish long-term capital needs plans and preventative maintenance plans with Property Management agent and onsite teams
• Assist in the review/approval process of annual property operating budgets
• Assist/Monitor oversight of management’s coordination of large capital expenditures.
• Partner with Finance and insurance broker to update insured values for the real estate portfolio and establish renewal process with input from CEO
• Work with onsite managers to ensure team is monitoring and reviewing warranties and performing annual property inspections
• Coordinate oversight and tracking of new and open insurance claims, lawsuits, and track outcomes for investor, lender, and executive leadership review
• Assist with the development of internal asset management systems including policy and procedure documentation, reporting, projections, and property performance evaluation tools
• By property basis, identify areas in which management and operations can improve and establish annual performance benchmarks for managing agents
• Based upon ongoing review of management reports, audits, and third party studies, identify potential problems and develop long-term strategies and work plans to address such issues.
• Monitor portfolio compliance with state, federal, local agency requirements for Affordable programs
• Identify and work through potential compliance issues, working with the agent and onsite property managers
• Gather and analyze data needed to assess long term health of property assets.
• Prepare and present staff reports, management updates and reports on assigned programs to the Board, committees, and the general public
• Work with management agent to trouble shoot unexpected asset management and compliance related challenges.
• Additional assignments as they are arise.

The ideal candidate will be an experienced property manager and/or compliance associate in affordable housing with a strong aptitude for analysis and projections. Bachelor’s degree or 4+ years’ equivalent experience

• Utilize a variety of analytical techniques and develop solutions, and evaluate alternatives
• Effectively present ideas and information orally, writing (presentations and reports)
• Knows when it is appropriate to consult with and advise management
• Ability to work independently and cooperatively with others
• Ability to take initiative, assume responsibly and exercise good judgment and tact
• Ability to work well under pressure, meet deadlines and have strong organizational skills
• Ability to be discreet with confidential and sensitive issues and information

Based on experience the hourly rate for the position is $27.00 - $34.00 per hour

All your information will be kept confidential according to EEO guidelines.

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