Asset Manager – Eagle, ID

Tpchousing; Eagle, Northern (ID, KY); Hybrid; USD 90,000 - 150,000; Full time

Job summary

The Pacific Companies is seeking an experienced Asset Manager to oversee a growing Bay Area portfolio with travel to properties. The role is based in Eagle, ID and requires collaboration across finance, construction, architecture, and accounting to ensure compliance and performance.

Ideal candidates have LIHTC experience, strong budgeting and financial analysis skills, and a track record in multifamily asset management.  This full-time position emphasizes governance, reporting, and

Qualifications

• Bachelor's degree in Finance, Business Administration, Real Estate or related field or equivalent experience.
• 5+ years of financial or real estate experience, asset management preferred.
• Experience with LIHTC programs and regulatory compliance is a plus.

Responsibilities

• Oversees economic, financial, physical, and compliance needs of the portfolio for optimum performance.
• Collaborate with finance, construction, architecture, and accounting to meet standards.
• Review LIHTC documents and understand program implications for operations.
• Analyze budgets and forecasts for reforecasting and resolution.
• Manage rent rolls, budgets, tax returns, and audits with management companies.

Skills

LIHTC knowledge

Asset management

Financial analysis

Budgeting

Real estate

Education

Bachelors in Finance

Tools

Yardi

MRI

Excel

Job description

Named as a national, "Top 10" Affordable Housing Developer by Affordable Housing Finance Magazine, The Pacific Companies is a catalyst for growth, deploying comprehensive real estate development capabilities and shaping neighborhoods. With communities across the US facing a shortage of quality housing, The Pacific Companies is seeking ambitious, productive, and trustworthy individuals to join the team. Their commitment to excellence in development and construction ensures that every project meets high standards of sustainability and livability. We are seeking an experienced Asset Manager for the Bay Area who can oversee a growing portfolio of properties. The job would be would require some travel to properties in the Bay Area.

We are currently seeking an Asset Manager to work in Eagle, ID.

Duties and Responsibilities:

• Oversees and manages the economic, financial, physical, and compliance needs of their portfolio, including creating strategies for each asset for optimum performance
• Collaborate with other departments including finance, construction, architecture, and accounting to ensure all aspects of the assets meet company standards and compliance standards
• Researching legal and other pertinent documents (i.e. LPAs, subsidy contracts, loan agreements, tax returns, audits, regulatory agreements, guaranty agreements, cash flow/capital transaction waterfalls, etc) to understand each asset’s requirements of Low-Income Housing Tax Credit (LIHTC) program. Understand the implications of the program and how they impact the operations of rental communities
• Review detailed financial and operational planning, and budgeting to identify issues for reforecasting or resolution
• Work with Management companies and operating software to ensure financials, rent rolls, annual budgets, tax returns, and audit reviews are loaded and accurate
• Identify, prioritize, and follow-up on problems/issues with projects and/or credit and work with general partners to help resolve issues
• Provide guidance on requirements for post-closing changes, work with the team to ensure documentation is adequate, and completed timely, staying in the loop on any issues
• Coordinate with property management, housing authorities, supportive services, project managers, and other development team members to ensure that lease-up, marketing, outreach, and maintenance of waiting lists are handled in accordance with the management plan and all regulatory requirements and, that goals for lease-up are met on time
• Work collaboratively to collect data, track projects, enhance communication, and distribute to department and greater asset management team
• Conduct project site visits, and review property management companies and practices
• Compiles or oversees and tracks the submission of Annual State, Federal, and financial reports as required
• Manage relationships with limited partners/investors, lenders, and housing finance agencies on assigned assets
• Dispositions-work with the Executive Officer on the sale of properties and work with management companies during the sale and transition

Requirements:

• Bachelor’s degree in Finance, Business Administration, Management, Real-Estate, or related field alternative education and experience qualifications welcome
• 5+ years of financial or real estate experience, property management, asset management preferred
• Preference for multi-family experience (asset management, management, operations, construction/rehab)
• Experience in public and private housing asset management/finance programs and related compliance requirements
• Ability to multi-task and deal with stress, balance competing demands on time and remote working

Education and/or Experience:

• A Bachelor’s degree in Construction Management, Construction Engineering, Civil Engineering or equivalent degree
• Experience with RFI's, Submittals and Contract Administration
• Experience with Project Scheduling and Budgeting
• Understanding of the Bidding Process
• Leadership, problem solving, organizational ability, customer service and communication skills are required

Preferred:

• Strong working knowledge of LIHTC (9%/4%), tax-exempt bonds, HOME funds, Section 8/HAP contracts, and related regulatory structures
• Demonstrated ability to read and analyze property-level financial statements, budgets, and variance reports
• Experience overseeing third-party property management companies or working in property management
• Excellent written and verbal communication skills; comfortable presenting to investors, lenders, and internal leadership
• Advanced proficiency in Excel and financial modeling; familiarity with asset/property management software (e.g., Yardi, MRI)

All Employment with The Pacific Companies is at will, meaning that employees or the company may terminate employment at any time and for any reason.

The Pacific Companies' team has extensive experience in the industry, with over 300 projects undertaken in our over 25 years of business. Between planning, design, finance, construction, and management, our fully integrated structure supports opportunities for growth, collaboration, and expertise for every contributing individual. Join us and apply your personal strengths to help make quality housing more accessible to those who need it most.