Regional Manager, Newark Area

Vesta Corporation; Newark (NJ); On-site; USD 95,000 - 135,000; Full time

Benefits offered by this job

Medical, dental & vision insurance

Company matched 401(K)

Paid time off: Vacation, sick, andhol

12 additional paid holidays

Tuition Reimbursement

PetPlan Pet Insurance

Employee Assistance Program

Long & Short-Term Disability Insurance

Job summary

Vesta Management in Newark, NJ is seeking an experienced Regional Manager to lead a portfolio of properties across the Newark area. The ideal candidate will oversee multiple locations and teams, with a proven track record in LIHTC, Section 8, and market-rate housing.

You will handle budgeting, rent collections, compliance reviews, capital needs, and staff performance to drive results. A degree in business or property management, plus COS/CPO and LIHTC certifications are highly recommended.

Qualifications

• Must have 5 years of experience overseeing multiple locations and management-level staff.
• Experience with LIHTC Section 42 and Section 8 housing programs.
• COS and/or CPO certification strongly preferred.
• Bilingual in English and Spanish preferred.
• Valid driver's license and clean driving record.

Responsibilities

• Direct daily operations of all properties in the portfolio.
• Support and develop on-site Property Managers and maintenance staff.
• Hire and develop Property Managers; oversee staffing.
• Ensure budgeted occupancy objectives are met and manage budgets.
• Monitor rent collections, levels, and annual rent changes; ensure regulatory compliance and inspections.
• Coordinate capital maintenance within budget; review capital projects and bids.
• Oversee resident retention initiatives and community events.
• Respond to operational issues; maintain professional image and teamwork.

Skills

Interpersonal skills

Leadership / delegation

Multitasking

Bilingual English/Spanish

Detail oriented

Education

High School or GED

Associate's degree preferred

Bachelor's degree in business or property management

Tools

Yardi

Microsoft Office Suite

Job description

Description

Be a part of the best team in Property Management!

Vesta Management, NJ, is looking for an experienced Regional Manager to lead a portfolio of properties in the Newark, NJ area. The ideal candidate will have a proven track record of overseeing multiple locations and teams, as well as experience with LIHTC, Section 8, and market rate housing. The Regional Manager will be responsible for all financial and physical aspects of the properties in their portfolio, including budgeting, rent collections, compliance reviews, capital needs, and general site and staff performance. If you have strong interpersonal skills, are detail-oriented, and are ready to challenge yourself, we want you on our team! A degree in business or property management, and designations such as a COS, CPO, CAPS and LIHTC certifications are highly recommended. Join our team and be a part of Vesta's success story!

What we Offer:

At Vesta, we take pride in hiring the best talent in Property Management. We work hard and we have fun doing so. In addition to our generous benefits package, we offer service awards, performance bonuses, team member appreciation events and opportunities for growth. Our benefits include:

• Medical, dental & vision insurance
• Company matched 401(K)
• Paid time off- Vacation, sick, floating holidays
• 12 additional paid holidays
• Tuition Reimbursement
• PetPlan Pet Insurance
• Employee Assistance Program
• Long & Short-Term Disability Insurance
• AND MORE

The Regional Manager is responsible for all operations of managing the company's properties and personnel within the assigned region. The position requires knowledge of the Low-Income Housing Tax Credit (LIHTC) Section 42, Section 8, and HOME housing programs, as well as management of large teams. Frequent travel between properties in assigned portfolio is expected.

The Regional Manager should have the ability to respond to and promptly resolve problems which may arise in day-to-day operations; be resourceful and self-directed; complete multifaceted task under demanding conditions and accomplish desired results; must have strong interpersonal skills; be proficient in developing team-based working relationships; detail oriented; and project a professional image and a positive attitude.

Essential Functions

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Direct the daily operations of all properties within the portfolio.
• Provide support to the Property Managers in their supervision of on-site management and maintenance personnel.
• Responsible for hiring and developing Property Managers.
• Support Property Managers in hiring and developing their on-site management and maintenance teams.
• Responsible for ensuring budgeted occupancy objectives are met.
• Manage the financial responsibilities of all properties within the portfolio, including assisting in the preparation of annual budgets for each property.
• Monitors properties’ compliance activities regarding resident qualifications and recertifications.
• Review with Property Managers monthly:
• Financial performance and the preparation of projections/action plan for balance of the fiscal year.
• Occupancy Goals and develop action plan to address areas of concern if needed.
• Current rent collections (AR) and discuss action if necessary.
• Current rent levels and adjust where necessary.
• Monitor and ensure annual rent changes (i.e., GRC), are processed on time.
• Responsible for preparation of all regulatory compliance reviews and physical inspections. Work with Compliance and Physical Plant departments for successful results.
• Coordinate capital maintenance activities and priorities within budgetary limits of each property within the portfolio. Review all documented capital improvement needs/projects, including solicited bids, contractor references, and insurance liability certificates in accordance with Vesta standards. Monitor the status of capital projects.
• Oversee resident retention initiatives (i.e., resident functions, promotions, monthly newsletters, etc.) and participation in National Night Out.
• Oversee community emergency procedures (i.e., criminal activity, natural disaster, injuries).
• Provide support and ensure timely responses regarding internal department requests.
• Other duties as assigned by management.

Knowledge, Skills and Abilities

• Sound judgement and decision-making skills
• Excellent interpersonal skills; strong verbal communication skills
• Strong commitment to quality
• Problem identification and solving ability
• Able to work independently; self-motivated, takes initiative
• Leadership/delegation skills
• Able to multitask and prioritize efficiently
• Accepts responsibility and accountability
• Honest and trustworthy; displays integrity
• Professional, in appearance and action
• Shows adaptability
• Organized and detailed
• Basic math proficiency required

Requirements

Required Education and Experience:

• High School or GED diploma, Associate's degree preferred.
• 5 years of related experience/ proven track record successfully overseeing multiple locations and management level employees.
• Experience with LIHTC Section 42 Housing Program.
• COS and/or CPO Certification.
• Experience in a supervisory role/capacity required.
• Bilingual in English and Spanish strongly preferred
• Experience in Microsoft Office Suite and Property Management Software(s), including proficiency in Yardi.

Additional Eligibility Qualifications:

• Bachelor's degree in business management/property management.
• ARM or CPM preferred.
• Valid Driver's License and clean driving record required.
• Successful completion of a background check and drug screening required.

Vesta is an Equal Opportunity/Affirmative Action Employer. Vesta has an ongoing commitment to a diverse workplace free of discrimination and harassment. Vesta recruits, hires, trains, and promotes individuals in all job titles without regard to any protected characteristic, including but not limited to race, color, creed, religion, ancestry, sexual orientation, genetic information, national origin, age, sex, physical or mental disability, being a disabled veteran, veteran of the Vietnam era, or other eligible veteran, or any other protected category under any state or Federal laws. At Vesta, we are committed to a fair and equitable workplace.