Asset Manager, Real Estate Equity — Flexible Work

Enterprise Community Partners; New York (NY); Vor Ort; USD 100.000 - 120.000; Vollzeit

Benefits dieser Stelle

Health, dental, and vision plans

401(k) with employer matching

Tuition reimbursement

Zusammenfassung

Enterprise Community Partners seeks an Asset Manager for Real Estate Equity to oversee a portfolio of restricted affordable housing and workforce housing investments. You will conduct site visits, financial reviews, and workouts to ensure underwritten plans are executed and returns are protected.

You’ll support ESG alignment, climate resilience, and renter affordability while coordinating with partners, funders, and regulators.

Qualifikationen

• 5-7+ years’ experience with real estate, housing programs, finance, accounting or property management.
• Bachelor’s degree required, preferably in real estate, finance, accounting or related field.
• Strong financial analysis skills are required.
• Familiarity with loan documents, partnership agreements, contracts and other legal documents is required.
• Knowledge of real estate and LIHTC are required.
• Strong computer skills; MS Word, MS Excel, and MS Outlook preferred.
• Ability to adjust quickly to changing priorities and circumstances is required.
• Ability to work evening and weekend hours during peak periods is required.
• Strong organizational skills and ability to coordinate complex activities, prioritize conflicting demands and meet deadlines.
• Must be highly motivated.
• Must be able to work independently with a minimum of supervision.
• Must demonstrate strong interpersonal skills working with a wide variety of professional and non-professional personnel.
• Strong problem solving and negotiating skills are required.
• Must possess strong written and oral communication skills.
• Able to travel as necessary to accomplish the goals for the position.
• Incumbent is expected to demonstrate strong ethics in interpersonal relations and work as an effective, collaborative team member.

Aufgaben

• Manage real estate portfolio of approximately 15 - 20 properties for which Enterprise provides asset management for Real Estate Equity funds.
• Identify, communicate and work to mitigate risks/problems via reporting tools and information gained through communications with General Partners/Sponsors, property managers, and via on-site visits.
• Review, analyze and evaluate monthly property performance as compared to proforma and budget, and provide regular feedback and recommendations both externally to General Partners/Sponsors and investors and internally to Real Estate Equity team.
• Work closely with General Partners/Sponsors, funders and regulatory agencies to execute underwritten business plans and coordinate efforts with each to modify business plans, as necessary, including but not limited to removal of property management firms, removal of General Partner entities, restructuring debt and accelerating disposition timelines.
• Negotiate problem resolution/workout strategies with general partners, lenders and public-sector entities, as necessary.
• Conduct project site visits, review property management systems, review organizational systems and provide technical assistance, as necessary.
• Evaluate past and forecast future property performance, and performance of Sponsors and management agents.
• Author disposition memos and refinance analyses, working with Vice President Asset Management to garner feedback and approvals.
• Support portfolio implementation of Enterprise’s strategic plan, ESG priorities and fund specific and/or investment-specific business plans which include monitoring of rent and household income affordability, climate risk mitigation strategies such as green retrofits and utility performance/benchmarking, social service plans, health action plans, renter wealth creation strategies and resident credit reporting.
• Work with Housing Credit Regional Asset Management teams to develop communication strategies with common partners, as necessary.
• Interface regularly with Vice President Asset Management during project performance reporting cycles; including standard financial reporting periods (monthly and quarterly) and complete all necessary internal and external reporting requirements.
• Interface regularly with others on Real Estate Equity team during monthly update meetings including input to underwriting team on deal structuring / asset management issues.
• Interface quarterly with internal Investment Committee and external Advisory Committee during scheduled and ad hoc meetings and assist with meeting material preparation for these meetings; present portfolio updates during annual investor meetings.
• Track insurance renewals, real estate tax payments and appeals and monitor market conditions.
• Complete internal and external reports accurately and meet all deadlines.
• Interact with Enterprise staff to provide accurate and timely information.

Kenntnisse

Financial analysis

Interpersonal skills

Communication skills

Problem solving

Negotiation skills

Time management

Independent working

Adaptability

Attention to detail

Travel readiness

Ausbildung

Bachelor’s degree in real estate, finance, accounting or related field

Tools

MS Word

MS Excel

MS Outlook

Jobbeschreibung

Enterprise Community Partners seeks an Asset Manager for Real Estate Equity to oversee a portfolio of restricted affordable housing and workforce housing investments. You will conduct site visits, financial reviews, and workouts to ensure underwritten plans are executed and returns are protected.

You’ll support ESG alignment, climate resilience, and renter affordability while coordinating with partners, funders, and regulators.